Small UAV Market Share

The global small UAV market is positioned to grow over the forecast period at a compound annual growth rate of 6%. Market Research Future (MRFR) mentions in its in-depth study report that a major driver of the global market is the rising demand for civil and commercial-based applications. Also, advancements in technology and economical operation and acquisition have stimulated a fast-paced growth of the global market for small UAVs.

However, as many of these small UAVs are used for military-based applications like ISR and spy missions, it could be cause of concern for the growth of the global market. This is due to the ongoing budget cuts made in the US across the defense industry. Another key challenge to these electric-powered UAV Service Market is their limited flight range and battery life. Although these are major constraints, the market is expected to flourish in the coming years of the forecast period.

Competitive Landscape

The global small UAV market comprises key players like Lockheed Martin (US), Aibotix (Germany), BAE Systems (UK), AeroVironment, Inc. (US), DJI (China), Elbit Systems Ltd. (Israel), Prox Dynamics (Norway), Israel Aerospace Industries Ltd. (Israel), SAAB (Sweden), Thales Group (France), and others.

Market Segmentation

The global small UAV market segmentation is based in terms of the three key dynamics, namely platform, type, and application.

By type, the market divides into micro and mini-UAVs.

By platform, the market narrows down into rotary-wing, fixed-wing, and others.

By application, the market segments into military & defense and civil & commercial purposes.

Regional Analysis

The global small UAV market is geographically distributed across the following key regions: Europe, North America, Asia Pacific, and the Middle East & Africa.

As per the 2015 study of the global market of small UAVs, the market was spearheaded by the Americas with close to 40% of the shares under its name. The Americas market was followed up by Asia Pacific and EMEA, which boasted 28% and 32% shares of the market respectively. Over the years, emerging regional markets in Asia Pacific, Middle East, and South America have prompted in the increasing utilization of UAVs, primarily for military-based applications.

The North America market leads the global regional market standings with a significant share percentage. Moreover, the region is expected to garner a CAGR of 7% over the forecast period. The growth of the regional market is primarily due to the presence of the US. The US dominates a majority of the small UAV market. The dominated positioning of the country is due to its applications in the military and defense industry. Also, the US army is the single largest buyer of UAVs across the globe. The presence of major UAV manufacturers in the US is another key driving factor behind the growth nation. Some of the leading manufacturers in the US includes names like Northrop Grumman, Lockheed Martin, General Atomics, and AeroVironment.

In recent years, an increasing demand in the implementation of UAVs have been noticed among emerging economies across the globe for border security and surveillance functioning. The Middle East being one of the premier examples in the global landscape. The region is emerging at a rapid scale with Israel playing a major role in manufacturing and exporting UAVs.

Asia Pacific is another key region in the global landscape which is anticipated to garner considerable growth in the coming years. The region is primarily dominated by the demand incoming from China. The expansion of its military capabilities has prompted the nation to lay increasing importance upon the utilization of UAVs for major military operations. The government in China have further plans of using UAVs for patrol and coastal surveillance, thereby boosting the growth of the market in Asia Pacific.  

Key Update

May 8th, 2019, Roketsan, a Turkish-based manufacturer of weapons, revealed that it is developing a lightweight missile system, one that can be integrated onto small UAVs.

April 5th, 2019, IACIT of Brazil announced the development of an UAV jammer for military purpose, named Drone Blocker. This can block small as well as medium-sized aircrafts in multiple ways.

 Global Small UAV Market By Type (Micro & Mini), By Application (Civil & Commercial and Military & Defense), By Platform (Fixed-Wing, Rotary-Wing, & Others) – Forecast to 2027 @ https://www.marketresearchfuture.com/reports/small-uav-market-1136

Related Link:

  • Aircraft Docking Systems Market Research Report: Information by Type (Nose Docks, Complete/Combination Docks, Engine Docks, Fuselage Docks, Wing Docks and Tail Docks), Platform (Commercial, Military and General Aviation), Aircraft Type (Fixed-Wing Aircraft and Rotary-Wing Aircraft), Operation (Powered and Non-Powered), Application [Aircraft Manufacturing, Aircraft Maintenance Repair & Overhaul (MRO) and Aircraft Painting] and Region (North America, Europe, Asia-Pacific, Middle East & Africa and Latin America) - Forecast till 2027
  • Aircraft Doors Market Research Report: Information By End User (OEM and Aftermarket), Door Type (Passenger Doors, Cargo Doors, Emergency Doors, Service/Access Doors, Landing Gear Doors and Others), Application (Commercial and Military) and Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2027
  • Aircraft Mounts Market Report: By Mount Type (Interior Mounts and Exterior Mounts), End-Use (Aftermarket and OEM), Platform (Commercial Aviation and Military Aviation) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and Latin America) - Forecast till 2027

 

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

 

Contact:

Market Research Future®

99 Hudson Street,5Th Floor

New York, New York 10013

United States of America

 

Phone:

+1 628 258 0071(US)

+44 2035 002 764(UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com