The global Small Unmanned Aerial Vehicle (UAV) market size was USD 13.70 Billion in 2022 and is expected to register a rapid revenue CAGR of 24.6% during the forecast period. Rising product demand for Intelligence, Surveillance, Target Acquisition, and Reconnaissance (ISTAR) from the defense sector and increasing need for aerial surveying and mapping are key factors driving market revenue growth.
The study offers a clear understanding of the current market scenario owing to the COVID-19 pandemic and offers a comprehensive analysis of the current and future impact of the pandemic on the overall market landscape. The economic landscape and the market environment have observed drastic changes due to the social restrictions and government-enforced lockdowns imposed to curb the spread of COVID-19. The report is furnished with the latest scenario and growth outlook of the market with regard to the impact of the pandemic.
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Competitive Outlook: The leading companies operating in the Small UAV market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.
Top Companies Operating in the Small UAV Market and Profiled in the Report are:
Northrop Grumman, Bayer Tech, DJI, Parrot Drone SAS, Israel Aerospace Industry Ltd., AeroVironment, Inc., Lockheed Martin Corporation, Teledyne FLIR LLC, BAE Systems, Elbit Systems Ltd., AIRBUS, Textron Inc., Autel Robotics, Yuneec, and PowerVision Inc
Objectives of the Report:
Study of the global Small UAV market size by key regions, types, and applications with reference to historical data (2017-2018) and forecast (2020-2027)
Industrial structure analysis of the Small UAV market by identification of various sub-segments
Extensive analysis of key market players along with their SWOT analysis
Competitive landscape benchmarking
Analysis of Small UAV market based on growth trends, futuristic outlook, and contribution to the total growth of the market
Analysis of drivers, constraints, opportunities, challenges, and risks in the global Small UAV market
Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances
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Segments Covered in this report are:
Type Outlook (Revenue, USD Billion; 2019-2032)
- Fixed Wing
- Conventional Take-Off and Landing (CTOL)
- Vertical Take-Off and landing (VTOL)
- Rotary Wing
- Single
- Multi
- Bicopters
- Tricopters
- Quadcopters
- Hexacopters
- Octocopters
- Hybrid Wing
- Fixed Wing
Platform Outlook (Revenue, USD Billion; 2019-2032)
- Civil Commercial
- Defense Government
Maximum Take-Off Weight Outlook (Revenue, USD Billion; 2019-2032)
- Less than 5kg
- 5 to 25kg
- Above 25 to 150kg
Regional Analysis:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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