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Global Small UAV Market Forecast to Grow at 12.31% CAGR from 2014 to 2020

Reviewed

Sep 10 2014

Research and Markets has announced the addition of the "Small UAV Market by Application (Military, Commercial & Civil, Homeland Security), by Payloads, by Propulsion System, by Geography - Market Forecast and Analysis (2014 - 2020)" report to their offering.

The global Small UAV market is expected to reach $1.9 billion by 2020 and is expected to register a CAGR of 12.31% from 2014 to 2020

Advances in the commercial and military technologies are rapidly increasing the capabilities of low cost micro and SUAVs, enabling them to carry out missions that are comparable to the larger UAVs at a considerably lesser cost and risk.

In addition, new concepts of operation, such as cooperative behavior protocols or swarming, will open the door to numerous missions that were once thought impossible for small low-cost and low-tech UAVs. In future, micro and small UAV will conduct missions across the full spectrum of conflict, from intelligence, surveillance, and reconnaissance (ISR), suppression of enemy air defenses (SEAD), and electronic warfare (EW) to attack and strike operations. Given their inherent low cost, flexibility, and expendability, micro and small UAV will play a major role in the success of the future Air Force.

Micro-UAVs can operate in three-dimensional environments, explore, and map multi-story buildings, manipulate, and transport objects. SUAVs are opening up several new opportunities from pilots for UAVs to electronics, sensors, and camera.

Small UAV are flexible to applications depending on the payloads attached. The various types of payloads that can be attached to the SUAV include sensors, cameras, telemetry, Nuclear, Biological, and Chemical (NBC) detection, autopilots, and several others. There are different types of sensor payloads such as electro-optics, surveillance, laser, and meteorology amongst others. These payloads have increased the capability of SUAVs in the commercial sectors. However, the market for small UAV is currently being restrained, largely by the regulation of unmanned operations in civilian airspace. However, in future, regulatory changes are expected to increase the huge potential of this market.

Due to terrorist attacks, the UAV spending across the globe, has gained critical importance. The multi usage of micro and mini UAV's in various applications also helps the market increase their shares. The U.S., Europe, and Israel are the major players in the small UAV market.

Key Topics Covered:

1 Introduction

2 Executive Summary

3 Market Overview

4 Trend Analysis

5 Market forecast, By Application

6 Market forecast, By Payload Systems

7 Market forecast, By Propulsion System

8 Market forecast, By Geography

9 Competitive Landscape

10 Company Profiles