Market Size of Asia Pacific Small UAV Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | > 15.00 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Asia-Pacific Small UAV Market Analysis
The Asia-Pacific Small UAV Market is projected to grow at a CAGR of over 15% during the forecast period.
The COVID-19 pandemic had a moderate effect on the Asia-Pacific Small UAV Market. Although, during the pandemic, various countries worldwide witnessed an increase in the usage of drones by public authorities in order to curb pandemic-related issues. But on the other hand, rules and regulations related to border restrictions led to interruptions in the free flow of the raw materials needed by the manufacturers. This in turn hampered the production of the small UAVs and various manufacturers worldwide witnessed a decline in their revenues. The decline in the pandemic led to the opening up of border restrictions by various countries thus presenting a window of opportunity for manufacturers to receive the raw materials in order to increase the production of small UAVs. Thus, this will lead to the market witnessing gradual growth during the forecast period.
The effectiveness of a small UAV is not limited to making deliveries and undertaking high-end photography missions or as surveillance devices or weaponized tools for the military. UAVs possess tremendous potential to transform urban and rural infrastructure and enhance agricultural productivity in developing countries. In addition, drones are also seen as a possible solution to infrastructure problems, especially in underdeveloped regions of Asia-Pacific, where air transportation could help meet the challenges posed by poor or non-existent road and rail networks. Thus, development and advancement in drone technologies will lead to various manufacturers manufacturing advanced drones and this will propel the growth in the market during the forecast period.
Asia-Pacific Small UAV Industry Segmentation
UAVs, also known as drones, are systems that are controlled independently without a human pilot abroad; either autonomously, by an onboard computer, or by remote control from the ground or another vehicle. Small UAVs have a maximum gross takeoff weight (MGTOW) of below 25 kgs.
The Asia-Pacific Small UAV Market has been segmented based on type, size, application, and country. By type, the market has been segmented into fixed-wing and rotary-wing. By size, the market has been segmented into micro-UAV, mini-UAV, and nano-UAV. By application, the market has been segmented into military and law enforcement and civil and commercial. By country, the market has been segmented into China, Japan, India, South Korea, Australia, and the Rest of Asia-Pacific. Moreover, the report offers a market forecast and is represented by USD million. Furthermore, the report also includes various key statistics on the market status of leading market players and provides key trends and opportunities in the Asia-Pacific Small UAV market.
Type | |
Fixed Wing | |
Rotary Wing |
Size | |
Micro UAV | |
Mini UAV | |
Nano UAV |
Application | |
Military and Law Enforcement | |
Civil and Commercial |
Country | |
China | |
Japan | |
India | |
South Korea | |
Australia | |
Rest of Asia-Pacific |
Asia Pacific Small UAV Market Size Summary
The Asia-Pacific small UAV market is poised for substantial growth, driven by advancements in drone technology and increasing applications across various sectors. The market's expansion is supported by the rising demand for drones in military and law enforcement, where they are utilized for intelligence, surveillance, and reconnaissance operations. The effectiveness of small UAVs extends beyond military use, as they are also transforming urban and rural infrastructure and enhancing agricultural productivity in developing regions. The easing of pandemic-related restrictions has allowed manufacturers to resume production, further propelling market growth. The presence of indigenous drone manufacturing companies, such as Teledyne FLIR Defense, is contributing to the development of advanced small drones, which are increasingly being integrated into defense strategies globally.
China is expected to experience significant growth in the small UAV market, fueled by technological advancements and a robust manufacturing base. Companies like DJI and Huimingjie are at the forefront of developing advanced UAVs with enhanced capabilities. The collaboration between China and the Russian defense industry has positioned China as a leader in new war technologies, including small UAVs. The focus on miniaturization and improvement of sensor payloads is driving innovation, with manufacturers investing in research and development to enhance the performance and capabilities of small UAVs. This trend is expected to continue, with major players in the market striving to produce more efficient, reliable, and advanced drones, thereby ensuring sustained growth in the Asia-Pacific small UAV market during the forecast period.
Asia Pacific Small UAV Market Size - Table of Contents
-
1. Market Dynamics
-
1.1 Market Overview
-
1.2 Market Drivers
-
1.3 Market Restraints
-
1.4 Industry Attractiveness - Porter's Five Forces Analysis
-
1.4.1 Threat of New Entrants
-
1.4.2 Bargaining Power of Buyers/Consumers
-
1.4.3 Bargaining Power of Suppliers
-
1.4.4 Threat of Substitute Products
-
1.4.5 Intensity of Competitive Rivalry
-
-
-
2. Market Segmentation
-
2.1 Type
-
2.1.1 Fixed Wing
-
2.1.2 Rotary Wing
-
-
2.2 Size
-
2.2.1 Micro UAV
-
2.2.2 Mini UAV
-
2.2.3 Nano UAV
-
-
2.3 Application
-
2.3.1 Military and Law Enforcement
-
2.3.2 Civil and Commercial
-
-
2.4 Country
-
2.4.1 China
-
2.4.2 Japan
-
2.4.3 India
-
2.4.4 South Korea
-
2.4.5 Australia
-
2.4.6 Rest of Asia-Pacific
-
-
Asia Pacific Small UAV Market Size FAQs
What is the current Asia Pacific Small UAV Market size?
The Asia Pacific Small UAV Market is projected to register a CAGR of greater than 15% during the forecast period (2024-2029)
Who are the key players in Asia Pacific Small UAV Market?
SZ DJI Technology Co., Ltd. , Yuneec Europe GmbH, Elbit Systems Ltd., MicroMultiCopter Aero Technology Co., Ltd. and Hubsan are the major companies operating in the Asia Pacific Small UAV Market.