Global Small UAV Market 2016-2020

Outlook of the global small UAV market

Technavio’s market research analyst predicts the global small unmanned aerial vehicle (UAV) market to grow steadily at a CAGR of approximately 7% by 2020. The augmented demand for small UAVs in civil or commercial applications is a major factor that will foster market growth during the forecast period. Factors such as improvements in technology and the economical acquisition of small UAVs for various commercial operations will lead to the rapid growth of the small UAV market.

The ability of small UAVs to assist in surveying, scanning, aerial photography, 3D mapping, oil and gas pipeline monitoring, wind turbine blade inspection, and real estate surveys, will lead to its augmented adoption during the predicted period. Furthermore, with the increasing utilization of UAVs for military applications, especially in APAC, South America, and the Middle East, the market for small UAVs will witness a strong growth until the end of 2020.

Geographical segmentation of the small UAV market

• Americas
• EMEA
• APAC

In this market study, analysts have estimated the Americas to be the largest market for small UAVs during the forecast period. In this region, the US is the largest operator of UAVs owing to its widespread application in the military and defense sectors. The small UAV market in the South American region is also witnessing a strong growth owing to its application in border control, security surveillance, fighting organized crime and insurgency, and protection of natural resources. The augmented utilization of small UAVs by various governments in this region will lead to the strong growth of this market in the Americas during the forecast period.

Competitive landscape and key vendors

The global small UAV market is highly competitive due to the presence of many prominent players. In the military segment, the major vendors dominate this market as they have the capability to acquire major military projects. In the civil or commercial segments, many new players enter the market since it has low entry barriers. In this segment, the vendors compete on the basis of technological innovations, the functionality of the small UAV systems, and cost to gain maximum market prominence.

Key vendors in the market are -

• AeroVironment
• Elbit Systems
• Israel Aerospace Industries
• SAAB
• Thales

Other prominent vendors in the market include Aeronautics Limited, Aeyron Labs, Aibotrix, BAE Systems, DJI, Lockheed Martin, and Prox Dynamics.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the small UAV market?
• What are the key market trends impacting the growth of the small UAV market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the vendors in the small UAV market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the small UAV market?

Technavio also offers customization on reports based on specific client requirement.

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