Small Unmanned Aerial Systems Market Analysis, Size, Trends and Growth Opportunities Forecast to 2023
The global small unmanned aerial systems market is growing, due to increasing use of unmanned aerial systems for law enforcement, need for advanced patrolling systems for marine borders, and requirement of high efficiency and technological advancements. Moreover, the enhanced capabilities of unmanned aerial systems to fight terrorism and their increasing demand for non-military applications are also supporting the growth of the market.
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The implementation of sense and avoid systems in unmanned aerial systems, and increasing defense budgets of Russia, Asia-Pacific, and Middle-East are two of the factors providing ample growth opportunities for the market in the coming years. Some of the factors restraining the growth of the global small unmanned aerial systems market are lack of skilled and trained pilots, lack of track record usage, and strict airspace regulations.
North America leads the global market, due to increasing applications in the commercial sectors and high production volume. The market in Europe is expected to grow with a significant rate in the coming years, due to increasing applications in law enforcement and agriculture, and relaxation in regulations within the region. Additionally, the favorable government regulations are supporting the growth of the small unmanned aerial systems market in the region. The Asia-Pacific small unmanned aerial systems market is also expected to grow in the coming years, due to increased use of unmanned aerial vehicles in agricultural activities within the countries of the region.
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Some of the competitors in the global small unmanned aerial systems market are The Boeing Company, Lockheed Martin Corporation, Finmeccanica SpA, AeroVironment Inc., Israel Aerospace Industries Ltd., Airbus Group SE, Elbit Systems Ltd. and Textron Inc.
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