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Global Small Drones Market to Reach $13.4 Billion by 2023

North America and Europe, together accounted for about 64.6% of the total small drones market in 2016, with the former constituting around 37.4%. From growth perspective, Asia-Pacific and LAMEA are the two potential markets, expected to witness considerable increase in growth rates during the forecast period. At present, these two segments account for 35.4% of the small drones market. Their cumulative contribution in the overall market of the Asia-Pacific and LAMEA regions is anticipated to reach 36.8% by 2023, owing to high market growth over the next seven years. Asia-Pacific is expected to grow at a lucrative rate of 12.5% during the forecast period.<br><br>Get the Sample Copy@ https://www.alliedmarketresearch.com/request-sample/2312<br><br>The small drones market was valued at $6.2 billion in 2016, and is projected to reach at $13.4 billion by 2023, growing at a CAGR of 11.8% from 2017 to 2023. In 2016, the mini drones segment accounted for the highest revenue share in the small drones market.

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Global Small Drones Market to Reach $13.4 Billion by 2023

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  1. GLOBAL SMALL DRONES MARKET Small Drones Market by Size (Mini and Micro), Type (Fixed Wing and Rotary Wing), and Application (Commercial and Defense) GLOBAL OPPORTUNITY AND FORECAST 2017- 2023

  2. SMALL DRONES MARKET ANALYST REVIEW North America and Europe, together accounted for about 64.6% of the total small drones market in 2016, with the former constituting around 37.4%. From growth perspective, Asia-Pacific and LAMEA are the two potential markets, expected to witness considerable increase in growth rates during the forecast period. At present, these two segments account for 35.4% of the small drones market. Their cumulative contribution in the overall market of the Asia-Pacific and LAMEA regions is anticipated to reach 36.8% by 2023, owing to high market growth over the next seven years. Asia-Pacific is expected to grow at a lucrative rate of 12.5% during the forecast period. Seapee Bajaj Lead Analyst, Aerospace & Defense at AMR

  3. CURRENT AND FUTURE MARKET SCENARIO • The global small drones market was valued at $6.2 billion in 2016. • The global small drones market is projected to reach at $13.4 billion by 2023. • The global small drones market growing at a CAGR of 11.8% from 2017 to 2023. • The micro/nano drone segment is expected to exhibit a significant increase in the small drones market growth during the forecast period. • The micro/nano drone segment is expected to exhibit a significant increase in the small drones market growth during the forecast period.

  4. TOP IMPACTING FACTORS TO MARKET GROWTH • Growth in Need for Enhanced Surveillance. High threat from terrorism and increase in security concerns globally have led to increased governmental expenditure for small drones. Small drones are used for surveillance of major events in large cities. In addition, several government agencies have mandated strict policies and guidelines to be complied for installation of small drones at high-risk locations. • Modernization of Military and Decline in Defense Budgets of Advanced Economies. Various nations are expected to lay out a comprehensive military modernization program as a part of their national defense strategy. These nations are expected to be dependent on unmanned systems for information gathering, reconnaissance, observation, and communication. The reduced cost and advancement in smaller drones are expected to enhance national security at a comparatively lower cost than by using other sophisticated weapons.

  5. SMALL DRONES MARKET SEGMENTATION BY TYPE BY APPLICATION BY SIZE • • • • • • Fixed Wing Rotary Wing Defense Commercial Mini Drones Micro/Nano Drones Get PDF Sample Copy@ https://www.alliedmarketresearch.com/request-sample/2312

  6. DOMINATING SEGMENTS MICRO/NANO DRONE SEGMENT DEFENSE SEGMENT The micro/nano drone segment is expected to exhibit a significant increase in the small drones market growth during the forecast period. The defense segment generated the highest revenue in the small drones market.

  7. GEOGRAPHICAL OVERVIEW • Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. • In 2016, the rotary wing small drone generated the highest revenue among the small drone types. • Asia-Pacific is anticipated to exhibit a substantial growth during the forecast period.

  8. DOMINATING MARKET PLAYERS PROFILED IN THE STUDY • Lockheed Martin Corporation • Aerovironment Inc. • Elbit Systems Ltd. • Parrot SA • 3D Robotics Inc. • BAE Systems Inc. • The Boeing Company • SAAB AB • Thales Group and • Textron Inc.

  9. A Report Titled “Small Drones Market- Opportunities And Forecasts, 2017– 2023” has been recently published by Allied Market Research. It makes an In-depth Analysis of current trends, drivers, and restraining factors that affect Financial Ratios relevant to the industry. Company profiles for key vendors in business builds a comprehensive picture of profitable opportunities from Stakeholder’s Perspective. To Know More About To Know More About Small Drones Market- Opportunities and Forecasts 2017-2023 https://www.alliedmarketresearch.com/small-drones-market Get PDF Sample Copy Get PDF Sample Copy https://www.alliedmarketresearch.com/request-sample/2312 Follow Allied Market Research Follow Allied Market Research

  10. ABOUT ALLIED MARKET RESEARCH Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. Contact: Shriram Dighe 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States Toll Free: +1-800-792-5285 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-20-66346060 Fax: +1-855-550-5975 help@alliedmarketresearch.com Web: https://www.alliedmarketresearch.com

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