Research Nester has released its report titled “Mini Drones Market: Global Demand Analysis & Opportunity Outlook 2020-2027” that delivers detailed overview of the global mini drones market in terms of market segmentation by type, product, control, distribution channel and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The global mini drones market comprises of four segments which are segmented by type into with camera (FPV), without camera and racing, by product into rotary and fixed wing drones, by control into smartphone app and dual-joystick controller and by distribution channel into online and offline channel. The global mini drones market is estimated to grow at a moderate CAGR over the forecast period (2020-2027).
The growth of the global mini drones market is driven by various factors, some of them being the fact that it enables the individuals to carry these drones along, wherever the individual travels and also for entertainment and recreational purposes at homes and their use as toys for children. Apart from that, mini drones are also finding their applications in agriculture and military and defence areas, which include automatic aerial spraying of pesticides and fertilizers on crops and the use of such drones by army personnel while engaging in military combat with enemy nation for protecting the territories of the country.
The global mini drones market is segmented into five major regions comprising of North America, Latin America, Europe, Asia Pacific and Middle East & Africa. The market in North American region is estimated to witness the highest market share, owing to the presence of various leading market players bringing out new innovative products that are equipped with latest technologies. The market in Asia Pacific region is anticipated to grow rapidly, owing to their increasing utilities for various commercial purposes such as photography, insurance coverage and other areas.
However, the global mini drones market may suffer from some limitations such as reduced flight duration time due to lower battery power and rising number of threats associated with the privacy and security of individuals, which may temporarily act as major restraints to the growth of the market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global mini drones market which includes company profiling of key companies such as DJI Sciences & Technologies Ltd., AeroVironment, Inc. (NASDAQ: AVAV), The Boeing Company (NYSE: BA), Yuneec International, Potensic, Lockheed Martin Corporation (NYSE: LMT), Autel Robotics, Elbit Systems Ltd. (TLV: ESLT), Parrot S.A. (EPA: PARRO) and Thales Group (EPA: HO). The outlining enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global mini drones market that is expected to help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.