Market Share of Latin America Small Uav Industry
The Latin American small UAV market is semi-consolidated. SZ DJI Technology Co. Ltd, Parrot Drones SAS, The Boeing Company, AeroVironment Inc., and JETWIND BRAZIL are some of the major players in the market.
Most players, mainly in military small UAV technologies, are local manufacturers supplying small UAVs to military organizations. Latin America is one of the smallest markets in the world for small UAVs. However, it has significant growth potential. The United States is also influencing the military procurements of the countries in the region, like Colombia and Mexico, with many bilateral initiatives, such as Plan Colombia and the Merida Initiative. This will bring more contracts to US-based companies in Latin America in the next few years. Local manufacturers can compete with prominent foreign players by upgrading their offerings with advanced technologies, increasing their regional market share.
Latin America Small Uav Market Leaders
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Parrot Drones SAS
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The Boeing Company
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JETWIND BRAZIL
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SZ DJI Technology Co., Ltd.
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AeroVironment, Inc.
*Disclaimer: Major Players sorted in no particular order
