Small Drones Market
- 4100.00 Dollar US$
- Published date: January 19, 2021
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- Pune, Pune, Maharashtra, India
Small Drones Market is expected to grow from USD 8.36 Billion in 2019 to USD XX Billion by 2026, at a CAGR of XX % between 2019 and 2026. (Detailed analysis of the market CAGR is provided in the report) The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region. Small drones are used for collecting, analyzing, and synthesizing data of different objects, structures or areas from numerous sensors. Small drones are remotely operated and collect information with least human intervention and with no need of a person on board. Further, they are useful for the collection of confidential or sensitive information about a private property or a private behavior of the object. Changes in government policies and the increase in the number of exceptions permitted to the companies for the commercial use of Small drones are some of the key factors driving market growth. Enhanced operational efficiency provided by small drones, a growing need for miniature drones with advanced technology, the rise in the need for enhanced surveillance, and rapid technological advancements and declining prices are the major factors driving the growth of small drone market. However, lack of skilled operators and strict airspace regulations are the key restraining factors for the market growth. Further key findings from the report: • Small drones market for commercial applications to hold the largest market share in 2017 owing to rising demand for drones and drone-generated data in commercial applications, increasing use in retail and e-commerce sectors. Additionally, in some countries, the rules for operating drones in the airspace have been relaxed, that is further increasing the adoption rate of commercial drones • Lithium-ion segment from the propulsion system is expected to grow at higher CAGR during the forecast period followed by fuel-cell battery and hybrid propulsion system respectively.
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