According to the new market research report "Small UAV Market by Trends (Mini, Micro, Hand Held UAV), by Propulsion (Hydrogen, Electric, Solar, Lithium ION), by Payload (NBC Detection, Telemetry Systems, Software Systems, Meteorology), by Application (Civil, Military, Security), by Region & by Country - Global Forecast to 2014 - 2019", published by MarketsandMarkets, The Small UAV Market is expected to register growth with CAGR of 21.70%, and reach $582.2 million by the end of 2019.
Browse more than 51 market data tables with 28 figures spread through 147 pages and in-depth TOC on "Small UAV Market "
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This report provides a market analysis of the global small UAV and man portable UAV market over the next six years. It provides detailed analysis of both historic and forecast global industry values, factors influencing demand, the challenges faced by industry participants, analysis of the leading companies in the industry, and key news.
The advancement of sensors, processing and battery technology has made UAVs smaller and more affordable. UAVs come in various shapes and sizes and are used for military, civil and recreational use. UAVs provide a host of societal benefits that make the citizens safer, more secure and more productive. These aircraft help police, fire and other first responders to locate missing children, fight wildfires and save lives in the event of natural disasters.
The small UAV market is in a growing phase and there is ample opportunity for market players for creating advanced miniature systems to reduce the weight of the UAV.
A lot of money is spent on the technology up-gradation of small UAVs systems. The research and development spending on UAVs is increasing. Israel is a major exporter of unmanned vehicles and there are lot of developments ongoing for hand held UAVs.
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Manufacturers are also trying to develop stealth capabilities for small UAVs, which are analogous to those of a conventional stealth plane in terms of design. In order to allow an uncooled IR sensor and a visible-light sensor to be mounted on a small UAV, manufacturers have developed a sensor gimbal that is compact, lightweight, and possesses a 2- axis drive capability. The communication systems used need to be compact for small UAVs performance.
The use of small UAVs for commercial purpose is related to civilian demand, social acceptability and approval from regulatory authority. It greatly helps in reducing carbon dioxide emissions and has great economic impact.
In many nations, the defense spending has been reduced. Despite this fact, the use of UAVs is increasing and a lot of developments are happening in the industry. The major concern for small UAVs is the risk of collision with other aircraft. Once the issue is resolved, the use of drones will increase drastically. The Middle East market will grow drastically for small UAVs in order to keep borders secure.
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