24 March 2021
Visiongain has published a new report on Small Drones Market Report to 2031: Forecasts By Type (Fixed Wing, Rotary Wing, and Hybrid/Transitional), By MTOW (5 Kilograms, 5-25 Kilograms, and 25-150 Kilograms), By Payload (Cameras, CBRN Sensors, Electronic Intelligence, UAV Radar), By Power Source (Lithium-ion, Solar Cells, Hybrid Cells, and Fuel Cells), and By Application (Military, Civil & Commercial, Homeland Security, Consumer, and Others). PLUS, Profiles of Leading Small Drones Companies and Regional and Leading National Market Analysis. PLUS COVID-19 Recovery Scenarios
Global Small Drones market was valued at US$ xx billion in xx and is projected to reach at a market value of US$ xx billion by 2031.
COVID-19 Impact on Small Drones Market
The COVID-19 pandemic has impacted lives of people all around the globe. It has proved quite detrimental for business across the globe and no industry and remained untouched by its impacts. This pandemic has caused a serious disruption in the supply chain and has resulted in a huge supply-demand gap in the market for small drones worldwide
Increasing Use of Small Drones Market in Commercial Applications
The civil & commercial application drones are projected to grow in high demand over the forecast timeframe. This growth in demand can be credited to the rising adoption of small drones for several civil & commercial applications, for instance, remote sensing, mapping monitoring, and surveying.
Growing Use of Small Drones Market in Various Military Applications
The growth in the procurement of small military drones by defense forces across the globe is one of the most noteworthy factors projected to drive the growth of the small drones market over the years.
Technological Developments in the Field of Drone Payloads
Drones have witnessed rapid development in technology to make them ready for several applications.
The constant development of technologies is taking place for the next generation drones which can carry different types of payloads. According to AirDroneCraze, (an Amazon Services LLC affiliate advertising program website), the drone technologies have seven potential generations, and the majority of current generation drones fit in the fifth and sixth generations.
Some of the companies profiled in the report include Northrop Grumman, Elbit Systems, Israel Aerospace Industries, Aerovironment, Lockheed Martin, Boeing, Textron, Thales, DJI, and Parrot.
• In April 2020, Orbital UAV signed new contract with Northrop Grumman to develop hybrid UAV propulsion system
• In May 2019, Parrot was selected by U.S. Department of Defense to take part in the development of the next-generation of Short-Range Reconnaissance drone for the U.S. Army
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