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  • 18 February 2019 23:04

Small Drones Market Making A Brilliant Future In Defense Sector

Global Small Drones Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2026

Drone is made from different light composite materials in order to increase maneuverability while flying and reduce weight. It can be equipped with a variety of additional equipment, including cameras, GPS guided missiles, Global Positioning Systems (GPS), navigation systems, sensors, and so on.

Increasing government expenditure on development of defense sector in developed and developing countries and growing need for enhanced surveillance system are major factors driving growth of the global small drones market. In addition, increasing use of small drones in media, entertainment, news, etc. is another factor expected to support growth of the global small drones market.

Global small drones market is segmented on the basis of size (mini drones and micro/Nano drones), type (fixed wing and rotary wing), application (defense and commercial), and region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa). The size segment of global small drones market is segmented on the basis of mini drones and micro/Nano drones. The mini drones segment is estimated to dominate the global small drones market. The micro/Nano drones segment is projected to register highest CAGR over the forecast period. The type segment of global small drones market is segmented on the basis of fixed wing and rotary wing. The rotatory wing segment is estimated to dominate the global small drones market. The fixed wings drones segment is projected to register highest CAGR over the forecast period. The application segment of global small drones market is segmented on the basis of defense and commercial.

On the basis of region, the global small drones market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa. The market in North America is expected to account for largest share in the global market in terms of revenue, owing to increasing demand from defense sector in countries in the region. The market in Asia Pacific is expected to account for significant revenue share in the global market. The market in Asia Pacific is projected to register lucrative CAGR in terms of revenue over the forecast period, owing to increasing demand from commercial sector and presence of major players operating in emerging economies in this region.

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