Small UAV market grow tremendously at a CAGR of about 6.52% by 2020

ALBANY, NY, May 19, 2017 :
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.

Technavios analysts forecast the global small UAV market to grow at a CAGR of 6.52% during the period 2016-2020.

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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.

Key vendors
AeroVironment
Elbit Systems
Israel Aerospace Industries
SAAB
Thales

Other prominent vendors
Aeronautics Limited
Aeyron Labs
Aibotrix, BAE Systems
DJI
Lockheed Martin
Prox Dynamics.

Market driver
Demand for small UAVs from emerging markets
For a full, detailed list, view our report

Market challenge
Defense budget cut
For a full, detailed list, view our report

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Market trend
Growing utilization of COTS components
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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This release was published on openPR.