Asia Pacific is home to a lot of geopolitical tensions amongst countries. With the economy growing so is the military budget in the countries in this region. In 2013, China was second on the list of the biggest military spenders. India is on a buying spree for military hardware. There are lot of regional disturbances between the countries and also inside the countries. So the demand for Small UAV will increase to protect both the inside and borders of the country. In addition the region also has a huge coastline and small UAV provide vital intelligence to prevent piracy in the region.
The use of Small UAV has broadened now to various fields apart from the military applications. It is being used for disaster relief operations, anti-piracy operations, border patrolling, and movie shooting and logistics. The market will witness high growth over the period of 2018-2023, as Asia Pacific has shown a trend to adopt technology more easily compared to other regions. However, the market growth of small UAVs will be defined on how the countries define policies which reduce the market barriers and ease the way for the commercial drone industry to operate at varying degrees of autonomy.
Commercialising of UAVs will help society in many ways, however, they are also a potential threat to an individual’s liberty and autonomy. In addition, they also carry a huge risk of crashes, around 400 large U.S. military drones have crashed since 2001 and more than 450 of the British Black Hornets (Nano Drone, used by British infantrymen in Afghanistan) since their inception. Though, small commercial drones aren’t capable of causing the disaster these drones may cause, they still have the capability to cause serious injuries.
The Asia Pacific Small UAV Market report has been segmented on the basis of product type: Light Fixed-Wing Small UAV, Heavy Fixed-Wing Small UAV, Multi-Rotor VTOL Small UAV, Single-Rotor VTOL Small UAV, Nano UAV and others. They are further classified on the Propulsion Systems used i.e. Hydrogen Cell Propulsion System, Hybrid Propulsion System, Solar Propulsion System, Lithium-Ion Battery Propulsion System. The report discuss small UAV application in different industry such as Defence, Transport/Logistics, Media and Entertainment, Retail, Manufacturing among others.
The report also discusses the key factors that will impact the industry and profiles leading suppliers of UAV; like that of Thales SA, Boeing Corporation, Lockheed Martin and Airbus Group among others.
What the Report Offers:
1.Report gives complete market insights, the driving forces of the market, the challenges it faces, different type of small UAVs and their applications
2.Market Segmentation and forecasts have been done for different types of small UAV products and their end user industry applications
3.A complete market breakdown has been done by different geographies along with country level segmentation to give a detailed picture of the market in that particular region
4.The report also gives information of major vendors of small UAVs, their existing share in the market, strategies they adopt along with the major products, financials, recent developments and profile of these vendors.