Global Small UAV Market expected to record a CAGR of above 15% by 2025

Market Overview:
As several countries seek to increase their military surveillance capabilities, large investments are being made in the development of small drones. The military around the world are obtaining nano drones for various military missions.Over the years, regulations have also changed for commercial use of drones in some countries, which has increased the purchase of drones by civilians.

The growing applications of small unmanned aerial vehicles in aerial photography, 3D mapping, surveying, and monitoring of oil and gas pipelines, among others, are driving the growth of the small UAV market.

Recent Developments:
The Swedish group Hexagon is now acquiring the flying robot manufacturer Kassel. Hexagon is a seasoned company with 14,000 employees in 40 countries and a world leader in integrated design, measurement and visualization technologies.

Market Drivers and Restraints:
One of the driving forces behind the global market for small UAVs is the growing demand for civil or commercial applications. Technological improvements and economic acquisitions and operations have led to the rapid growth of the market for small commercial drones. Commercial drones are used for surveying, aerial photography, oil and gas pipeline monitoring, 3D mapping, wind turbine blade inspection, and many other similar applications. In addition, the emerging markets of Asia-Pacific, South America and the Middle East have prioritized the increased use of drones mainly for military applications, which has contributed to the growth of the market.

Moreover, many small drones are used in military applications, including ISR and spy missions. So,the ongoing cuts to the defense budget in the United States and the economic downturn in Europe, are expected to affect the market for small military UAVs to some extent. In addition, most of the small drones in operation since 2015 are powered by batteries. One of the main challenges of these electric drones is their limited range and flight range.

To know more read:
https://www.marketdataforecast.com/market-reports/small-uav-market

Report is segmented as:
By Type
• Fixed Wing
• Rotary Wing
• Hybrid/Transitional

By Application
• Military
• Civil & Commercial
• Homeland Security
• Consumer

By MTOW
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