About Small UAV
Small Unmanned aerial vehicles are used for bridge inspections, military, entertainment, marketing and advertising. Additionally, they are used for surveying, aerial photography, and 3D mapping. Also, it can be used for dull as well as dangerous missions. Small UAV can be divided into two types that are mini and micro UAV and can be operated by single person. They are electric powered or solar powered. The importance of the surveillance systems is increasing for military applications which is propelling the market of Small UAVs.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Small UAV market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
DJI (China), AeroVironment (United States), Parrot (France), Lockheed Martin (United States), Applied Aeronautics (United States), Textron (United States), FLIR Systems (United States), IAI (India), Elbit Systems (Israel) and Zero Tech (China) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are McKinsey & Company (United States), Microdrones (Germany) and Goldman Sachs (United States).
Segmentation Overview
AMA Research has segmented the market of Global Small UAV market by Type (Fixed-Wing UAVs, Multirotor UAVs, Single Rotor UAVs and Hybrid VTOL UAVs), Application (Military, Civil & Commercial and Homeland Security) and Region.
On the basis of geography, the market of Small UAV has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Size, the sub-segment i.e. Nano UAVs will boost the Small UAV market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution, the sub-segment i.e. OEM will boost the Small UAV market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Range, the sub-segment i.e. Visual Line of Sight (VLOS) will boost the Small UAV market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Developments in Small Unmanned Aerial Vehicles, AI and Machine Learning Deployment to Boost Drone Automation and Rising Application in Entertainment and Sport Industry
Market Growth Drivers:
Increasing Applications in Military is Fueling the Market and Easy Operation of Small UAVs and Cost Effectiveness
Challenges:
Stiff Competition among the Major Players and Concerns Regarding Public Safety and Privacy
Restraints:
High Costs Associated with the Manufacturing of UAVs and Lack of Skilled Drone Operators
Opportunities:
Rising Usage in Civil as Well as Commercial Applications, Government Initiative towards the Security and Use of UAVs in Federal Applications and Cargo Distribution in Military Operations
Market Leaders and their expansionary development strategies
In January 2019, FLIR systems has acquired Aeryon labs which is a developer of unmanned arial systems. This acquisition will help in development of complete solutions.
In July 2019, Drone deploy has launched solutions for drone operations. It includes manual onsite data capture, greater workflow integrations. It is launched to meet the demand from the customers for complete enterprise grade drone operating system.
UAVs drone operations involve high risk thus, stringent regulations have been imposed by various governing bodies such as FAA, ESSA and others. Though, regulations vary country wise with some common restrictions stated below. The regulations bar drones to fly near sensitive locations such as airports, government offices and military warehouses among others. Moreover, drones must be flown within the line of sight with restriction on maximum altitude. Flying UAV drones over public places is restricted in most part of the world.
Key Target Audience
Manufacturers of UAVs, Component Manufacturers of UAVs, System Integrators, Government Agencies, Research Institute, Market Research Firms and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.