Market Overview
The global small UAV market is positioned to grow over the forecast period at a compound annual growth rate of 6%. Market Research Future (MRFR) mentions in its in-depth study report that a major driver of the global market is the rising demand for civil and commercial-based applications. Also, advancements in technology and economical operation and acquisition have stimulated a fast-paced growth of the global market for small UAVs.
However, as many of these small UAVs are used for military-based applications like ISR and spy missions, it could be cause of concern for the growth of the global market. This is due to the ongoing budget cuts made in the US across the defense industry. Another key challenge to these electric-powered UAVs is their limited flight range and battery life. Although these are major constraints, the market is expected to flourish in the coming years of the forecast period.
Competitive Landscape
The global small UAV market comprises key players like Lockheed Martin (US), Aibotix (Germany), BAE Systems (UK), AeroVironment, Inc. (US), DJI (China), Elbit Systems Ltd. (Israel), Prox Dynamics (Norway), Israel Aerospace Industries Ltd. (Israel), SAAB (Sweden), Thales Group (France), and others.

Market Segmentation
The global small UAV market segmentation is based in terms of the three key dynamics, namely platform, type, and application.
By type, the market divides into micro and mini UAVs.
By platform, the market narrows down into rotary-wing, fixed-wing, and others.
By application, the market segments into military & defense and civil & commercial purposes.
Access Full Report Details and Order this Premium Report @
https://www.marketresearchfuture.com/reports/small-uav-market-1136

Regional Analysis
The global small UAV market is geographically distributed across the following key regions: Europe, North America, Asia Pacific, and the Middle East & Africa.
As per the 2015 study of the global market of small UAVs, the market was spearheaded by the Americas with close to 40% of the shares under its name. The Americas market was followed up by Asia Pacific and EMEA, which boasted 28% and 32% shares of the market respectively. Over the years, emerging regional markets in Asia Pacific, Middle East, and South America have prompted in the increasing utilization of UAVs, primarily for military-based applications.
NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
About Market Research Future
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Contact
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: [email protected]