Small UAV Market Size, Share, Growth Analysis, By Type(Micro size, mini size and nano size), By Application(Military and law enforcement and civil and commercial), By Region - Industry Forecast 2024-2031


Report ID: SQMIG20A2088 | Region: Global | Published Date: February, 2024
Pages: 157 |Tables: 60 |Figures: 76

Small UAV Market Insights

Global Small UAV Market size was valued at USD 0.59 billion in 2022 and is poised to grow from USD 0.70 billion in 2023 to USD 2.74 billion by 2031, growing at a CAGR of 18.6% during the forecast period (2024- 2031).  

The global small unmanned aerial vehicle (UAV) market has experienced significant growth and transformation in recent years. The market has witnessed a surge in demand for small UAVs as they offer numerous advantages, including cost-effectiveness, maneuverability, real-time data collection, and remote sensing capabilities. Technological advancements, such as improved battery life, enhanced flight control systems, and the integration of artificial intelligence, have further propelled the market growth. Additionally, the regulatory environment surrounding UAVs has become more favorable, with governments worldwide implementing regulations and guidelines to facilitate the safe and responsible use of drones. The market is characterized by the presence of numerous players, ranging from established aerospace and defense companies to emerging startups, all striving to innovate and capture a share of the growing market. As a result, the competition is intense, leading to continuous product development and improvements. Looking ahead, the global market is expected to continue its upward trajectory, driven by factors such as increasing demand for aerial data collection and surveillance, expanding applications in various industries, and ongoing advancements in drone technologies.

US Small UAV Market is poised to grow at a sustainable CAGR for the next forecast year

Market Snapshot - 2024-2031

Global Market Size

USD 0.50 billion

Largest Segment

Mini

Fastest Growth

Mini

Growth Rate

18.6% CAGR

Global Small UAV Market ($ Bn)
Country Share for Asia Pacific Region (%)

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Small UAV Market Segmental Analysis

Global Small UAV Market is segmented by type, application, and region. Based on type, the market can be segmented into Micro size, mini size and nano size. Based on application, the market is segmented into Military and law enforcement and civil and commercial. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Analysis by Type

The mini-size segment holds a dominant position in the market. Mini-sized UAVs are widely utilized across industries due to their optimal balance between payload capacity, flight range, and maneuverability. These UAVs are equipped with advanced imaging systems, stabilized cameras, and precise navigation capabilities, making them suitable for applications such as aerial photography, surveillance, inspection, and monitoring. The mini-size segment benefits from a broad customer base, including government agencies, commercial enterprises, and individual consumers, driving its dominance in the global small UAV market. Additionally, the mini-size UAVs are often more affordable and accessible compared to larger counterparts, further contributing to their market dominance.

The fastest growing segment in the small UAV market is the nano-size category. Nano-sized UAVs are extremely compact and lightweight, offering enhanced agility and maneuverability in confined spaces. These drones are typically used for indoor applications, close-quarters inspections, and reconnaissance missions. Nano-sized UAVs are witnessing rapid adoption across industries such as construction, oil and gas, security, and emergency response. Their small form factor allows them to navigate through tight spaces, perform intricate tasks, and gather data in environments where larger drones cannot operate effectively. Moreover, advancements in miniaturization technology, improved battery life, and cost-effectiveness have contributed to the growing popularity of nano-sized UAVs. As a result, this segment is expected to experience substantial growth in the coming years, driven by increasing demand for specialized applications that require compact and agile UAV solutions.

Analysis by Application

The military and law enforcement segment holds a dominant position in the small UAV market. Small UAVs have become indispensable tools for military and law enforcement agencies worldwide, offering enhanced situational awareness, intelligence gathering, and surveillance capabilities. These UAVs are utilized for a wide range of applications, including border surveillance, reconnaissance, target acquisition, and monitoring of critical infrastructure. The military and law enforcement sector heavily invests in advanced drone technologies to enhance operational effectiveness and reduce risks to personnel. Additionally, the development of sophisticated features such as thermal imaging, advanced payload systems, and autonomous functionalities has further strengthened the dominance of the military and law enforcement segment in the global small UAV market.

The civil and commercial segment is the fastest growing segment in the small UAV market. The adoption of small UAVs in civil and commercial applications has witnessed exponential growth due to their wide range of uses and benefits. In the commercial sector, small UAVs are employed for aerial photography, videography, filmmaking, real estate, agriculture, infrastructure inspection, and delivery services. The accessibility and affordability of small UAVs have allowed businesses of all sizes to leverage their capabilities and gain a competitive edge. Moreover, regulatory frameworks have evolved to facilitate the integration of small UAVs into commercial airspace, further driving the growth of this segment. The civil and commercial sector is experiencing continuous innovation, with advancements in technology, payload capabilities, and automation, fueling the demand for small UAVs. With the increasing adoption of drones across diverse industries, the civil and commercial segment is poised for significant expansion in the coming years.

Global Small UAV Market By Type

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Small UAV Market Regional Insights

Asia Pacific dominated the small UAV market due to increasing defense budgets, rising security concerns, strong manufacturing base, and expanding applications in industries such as agriculture and media. Countries like China, India, and South Korea have made significant investments in military modernization, including the procurement of small UAVs for surveillance and reconnaissance purposes.

North America is the fastest growing region in the small UAV market. The region benefits from the presence of leading drone manufacturers, favorable regulatory frameworks, and increasing adoption in commercial applications such as aerial photography, film production, and infrastructure inspection. Technological advancements and the emergence of innovative use cases further contribute to the rapid growth of the small UAV market in North America.

Global Small UAV Market By Geography
  • Largest
  • Fastest

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Small UAV Market Dynamics

Drivers

Increasing demand for aerial data collection and surveillance

  • One key driver of the small UAV market is the increasing demand for aerial data collection and surveillance. Small UAVs provide a cost-effective and efficient solution for capturing real-time data, imagery, and videos from the air. This is crucial for various industries such as agriculture, construction, and infrastructure inspection, where the ability to gather accurate and timely information is essential for decision-making, planning, and monitoring purposes. The demand for small UAVs for data collection and surveillance applications is driving the market growth.

Restraints

Regulatory challenges and concerns related to safety and privacy

  • One key restraint in the small UAV market is the regulatory challenges and concerns related to safety and privacy. As the number of small UAVs in operation continues to rise, authorities are implementing regulations and guidelines to ensure the safe and responsible use of drones. However, the evolving nature of the industry and the need to balance innovation with safety and privacy concerns can pose challenges. Compliance with regulations, obtaining necessary permits, and addressing public apprehensions regarding privacy invasion are important considerations for small UAV operators. These regulatory challenges and concerns can hinder the growth and adoption of small UAVs in some regions or industries until appropriate frameworks are established and addressed.

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Small UAV Market Competitive Landscape

The competitive landscape of the global small UAV market is characterized by a diverse range of players, including established aerospace and defense companies, technology giants, and emerging startups. The market is highly competitive, driven by continuous product development, technological advancements, and the pursuit of innovative solutions. Key factors influencing competition include product performance, reliability, cost-effectiveness, and regulatory compliance. Market players strive to differentiate themselves by offering specialized features, such as advanced imaging systems, autonomous capabilities, and extended flight durations. Partnerships and collaborations are common strategies to leverage complementary expertise and expand market reach. Additionally, investments in research and development, strategic acquisitions, and geographic expansion play significant roles in gaining a competitive edge in the global small UAV market.

Top Player’s Company Profiles

  • AeroVironment Inc (US)
  • SZ DJI Technology Co., Ltd. (China)
  • Teledyne Technologies Incorporated (US)
  • Thales Group (France)
  • Lockheed Martin Corporation (US)
  • Parrot SA (France)
  • FLIR Systems, Inc. (US)
  • Yuneec International Co. Ltd. (China)
  • Textron Inc. (US)
  • Israel Aerospace Industries Ltd. (Israel)
  • Autel Robotics (China)
  • General Atomics Aeronautical Systems, Inc. (US)
  • Ehang Holdings Limited (China)
  • Insitu, Inc. (US)
  • Northrop Grumman Corporation (US)
  • PrecisionHawk Inc. (US)
  • Wingtra (Switzerland)
  • PowerVision Robot Corporation (China)
  • AeroVironment Inc (US)
  • Draganfly Inc. (Canada)
  • Elistair (France)

Recent Development

  • In September 2023, specialists underlined the significance of participation between the U.S. and its partners, particularly in the Indo-Pacific area, for the progress of Washington's Replicator drive. This drive means to counter China's tactical benefit in numbers by conveying various smart and financially savvy drones. 
  • In February 2024, High Eye got a tender from the Netherlands Ministry of Defense with its Airboxer VTOL UAV. The success highlights the excellence and capacity of the Airboxer, which will be completely incorporated into the service's tasks over a program lasting over two years. This reconciliation will include both European and global tasks, displaying the adaptability of the Airboxer framework. 

Small UAV Key Market Trends

  • One key market trend in the small UAV market is the increasing integration of advanced tracking and surveillance technologies. Small UAVs are being equipped with sophisticated systems that enhance their tracking capabilities, allowing for improved target acquisition and surveillance operations. These technologies include advanced sensors, image recognition software, and real-time data processing capabilities. The integration of such technologies enables small UAVs to conduct more efficient intelligence, surveillance, and reconnaissance (ISR) missions, providing valuable information for military, law enforcement, and commercial applications. This trend signifies a shift towards enhanced situational awareness and the ability to gather actionable intelligence in real-time, driving the demand for small UAVs with advanced tracking and surveillance capabilities.

Small UAV Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our Global Small UAV Market analysis, the market is experiencing significant growth and transformation driven by their versatility, ease of use, and wide range of applications across various industries. The market is segmented based on type, application, and region. In terms of type, mini-sized UAVs dominate the market, offering optimal payload capacity and maneuverability. The military and law enforcement sector holds a dominant position, while the civil and commercial segment is the fastest growing, driven by increasing adoption in industries such as aerial photography, film production, and infrastructure inspection. Asia Pacific is the dominant region, fueled by defense investments and expanding applications, while North America is the fastest growing region, benefitting from leading manufacturers and favorable regulations. The market is highly competitive, with players focusing on product performance, cost-effectiveness, and regulatory compliance. Key drivers include the demand for aerial data collection and surveillance, while regulatory challenges and safety concerns act as restraints. Integration of advanced tracking and surveillance technologies is a key trend, enabling improved target acquisition and intelligence gathering.

Report Metric Details
Market size value in 2023 USD 0.50 billion
Market size value in 2031 USD 2.32 billion
Growth Rate 18.6%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Type
    • Micro size, mini size and nano size
  • Application
    • Military and law enforcement and civil and commercial
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • AeroVironment Inc (US)
  • SZ DJI Technology Co., Ltd. (China)
  • Teledyne Technologies Incorporated (US)
  • Thales Group (France)
  • Lockheed Martin Corporation (US)
  • Parrot SA (France)
  • FLIR Systems, Inc. (US)
  • Yuneec International Co. Ltd. (China)
  • Textron Inc. (US)
  • Israel Aerospace Industries Ltd. (Israel)
  • Autel Robotics (China)
  • General Atomics Aeronautical Systems, Inc. (US)
  • Ehang Holdings Limited (China)
  • Insitu, Inc. (US)
  • Northrop Grumman Corporation (US)
  • PrecisionHawk Inc. (US)
  • Wingtra (Switzerland)
  • PowerVision Robot Corporation (China)
  • AeroVironment Inc (US)
  • Draganfly Inc. (Canada)
  • Elistair (France)
Customization scope

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Small UAV Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Small UAV Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Small UAV Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Small UAV Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Small UAV Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Small UAV Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Small UAV Market size was valued at USD 0.50 billion in 2021 and is poised to grow from USD 0.59 billion in 2022 to USD 2.32 billion by 2030, growing at a CAGR of 18.6% during the forecast period (2023-2030).

The competitive landscape of the small UAV market is characterized by a diverse range of players, including established aerospace and defense companies, technology giants, and emerging startups. The market is highly competitive, driven by continuous product development, technological advancements, and the pursuit of innovative solutions. Key factors influencing competition include product performance, reliability, cost-effectiveness, and regulatory compliance. Market players strive to differentiate themselves by offering specialized features, such as advanced imaging systems, autonomous capabilities, and extended flight durations. Partnerships and collaborations are common strategies to leverage complementary expertise and expand market reach. Additionally, investments in research and development, strategic acquisitions, and geographic expansion play significant roles in gaining a competitive edge in the small UAV market. 'AeroVironment Inc (US)', 'SZ DJI Technology Co., Ltd. (China)', 'Teledyne Technologies Incorporated (US)', 'Thales Group (France)', 'Lockheed Martin Corporation (US)', 'Parrot SA (France)', 'FLIR Systems, Inc. (US)', 'Yuneec International Co. Ltd. (China)', 'Textron Inc. (US)', 'Israel Aerospace Industries Ltd. (Israel)', 'Autel Robotics (China)', 'General Atomics Aeronautical Systems, Inc. (US)', 'Ehang Holdings Limited (China)', 'Insitu, Inc. (US)', 'Northrop Grumman Corporation (US)', 'PrecisionHawk Inc. (US)', 'Wingtra (Switzerland)', 'PowerVision Robot Corporation (China)', 'AeroVironment Inc (US)', 'Draganfly Inc. (Canada)', 'Elistair (France)'

One key driver of the small UAV market is the increasing demand for aerial data collection and surveillance. Small UAVs provide a cost-effective and efficient solution for capturing real-time data, imagery, and videos from the air. This is crucial for various industries such as agriculture, construction, and infrastructure inspection, where the ability to gather accurate and timely information is essential for decision-making, planning, and monitoring purposes. The demand for small UAVs for data collection and surveillance applications is driving the market growth.

One key market trend in the small UAV market is the increasing integration of advanced tracking and surveillance technologies. Small UAVs are being equipped with sophisticated systems that enhance their tracking capabilities, allowing for improved target acquisition and surveillance operations. These technologies include advanced sensors, image recognition software, and real-time data processing capabilities. The integration of such technologies enables small UAVs to conduct more efficient intelligence, surveillance, and reconnaissance (ISR) missions, providing valuable information for military, law enforcement, and commercial applications. This trend signifies a shift towards enhanced situational awareness and the ability to gather actionable intelligence in real-time, driving the demand for small UAVs with advanced tracking and surveillance capabilities.

Asia Pacific dominated the small UAV market due to increasing defense budgets, rising security concerns, strong manufacturing base, and expanding applications in industries such as agriculture and media. Countries like China, India, and South Korea have made significant investments in military modernization, including the procurement of small UAVs for surveillance and reconnaissance purposes.

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