Enjoy complimentary customisation on priority with our Enterprise License!
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.
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.
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 -
Other prominent vendors in the market include Aeronautics Limited, Aeyron Labs, Aibotrix, BAE Systems, DJI, Lockheed Martin, and Prox Dynamics.
Technavio also offers customization on reports based on specific client requirement.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Aerospace and defense supply chain system
PART 07: Aerospace and defense value chain system
PART 08: Market segmentation by application
PART 09: Market segmentation by UAV type
PART 10: Geographical segmentation
PART 11: Market drivers
PART 12: Impact of drivers
PART 13: Market challenges
PART 14: Impact of drivers and challenges
PART 15: Market trends
PART 16: Vendor landscape
PART 17: Appendix
PART 18: Explore Technavio
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.