World Small Drones Market to Gain Traction to 2023, Projects Allied Market Research in Its New Report Published at MarketPublishers.com22 Aug 2017 • by Natalie Aster
LONDON – The state authorities and private agencies are pouring money into the production and development of advanced, efficient small drones for the use in both commercial and defense industry sectors. Small drones are fitted with improved capabilities and have an edge of economic effectiveness over other drones and UAVs.
The growth of the market is largely driven by a range of factors like the rising need for enhanced surveillance (EHS), expanding commercial applications as well as increased operating efficiency provided by small drones requiring minimal human intervention. At the same time, rigid airspace regulations as well as dearth of qualified pilots are amid the key factors posing a threat to the growth of the small drone marketplace.
The major trends shaping the market include military modernisation and decrease in defense budgets of developed countries, as well as technological developments.
Aerovironment, Lockheed Martin Corporation, Parrot SA, The Boeing Company, 3D Robotics, Elbit Systems, BAE Systems, SAAB AB, Textron and Thales Group, among others, are the prominent vendors in the industry.
New cutting-edge research report “Small Drones Market: Global Opportunity Analysis and Industry Forecast, 2017-2023” drawn up by Allied Market Research offers an all-encompassing assessment of the performance of the market on a global level.
The study provides detailed market segmentation based on size, type, application field, and by region. It gives an all-round analysis of the key market trends, prevailing growth factors and opportunities, and market size estimates and forecast figures, for the entire market and each segment discussed. The report also offers detailed Porter’s five forces analysis of the market. It sheds light on the market dynamics such as restraints, drivers, opportunities, and major impacting factors. Additionally, the report provides exhaustive forecasts of the prospective development of the small drone market during the next 8 years.
A complete list of new in-demand market research studies by this publisher is available at Allied Market Research page.