About Small UAV
Small UAVs are classified based on their size; they are small enough to be carried and operated by a single person. Small UAVs can be hand-launched, and can have vertical take-off and landing (VTOL), or short take-off and landing (STOL) capabilities. A majority of the small UAVs are either electric-powered or solar-powered. Some of them are also powered by fuel, which are mostly used for defense applications.
Technavio’s analysts forecast the global small UAV market to grow at a CAGR of 6.52% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global small UAV market for 2016-2020. The report provides a global overview of the market and the growth prospects by region (Americas, APAC, and EMEA).Technavio's report, Global Small UAV Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global Small UAV Market 2016-2020
Technavio recognizes the following companies as the key players in the Global Small UAV Market: AeroVironment, Elbit Systems, Israel Aerospace Industries, SAAB and Thales.
Other Prominent Vendors in the market are: Aeronautics Limited, Aeyron Labs, Aibotrix, BAE Systems, DJI, Lockheed Martin, and Prox Dynamics.
Commenting on the report, an analyst from Technavio’s team said: “COTS components are being extensively used in small UAVs due to rapid designing and innovations in COTS-based technologies, which have enhanced the computing capability and have enabled compact designing. Reduction of complete system development costs and diminishing long-term maintenance costs have driven the use of COTS components.”
According to the report, one of the drivers of the global small UAV market is the growing demand for civil or commercial applications. Improvements in technology, and economical acquisition and operation have led to the rapid demand for commercial small UAVs. Commercial UAVs are used for surveying, scanning, aerial photography, 3D mapping, oil and gas pipeline monitoring, wind turbine blade inspection, real estate survey, and many other similar applications.
Further, the report states that small UAVs are used for defense applications, including ISR and spy missions. Therefore, with the ongoing defense budget cuts, especially in the US, and economic slowdown in Europe, it is expected that the demand for military small UAVs will decrease until 2020
AeroVironment, Elbit Systems, Israel Aerospace Industries, SAAB, Thales, Aeronautics Limited, Aeyron Labs, Aibotrix, BAE Systems, DJI, Lockheed Martin, Prox Dynamics.
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