Small UAV Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Small UAV Market is segmented by Wing Type (Fixed Wing and Rotary Wing), Size (Micro, Mini, and Nano), Application (Military and Law Enforcement, Civil, and Commercial), and Geography.

Market Snapshot

Small UAV Market Size
Study Period: 2018-2027
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: >15 %
Small UAV Market Major Players

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Market Overview

The small UAV market is anticipated to register a CAGR of over 15% during the forecast period.

  • As several countries look to increase their military surveillance capability, huge investments are being made in the development of small drones. Militaries across the world have been procuring nano drones for different military missions.
  • Over the years, regulations have changed for the commercial usage of drones in countries, which has increased the procurement of drones by civilians.
  • Growing applications of small UAVs in aerial photography, 3D mapping, surveying, and oil and gas pipeline monitoring, among others, have been propelling the growth of the small UAV market.

 

Scope of the Report

The market study includes the following aspects:

Wing Type
Fixed Wing
Rotary Wing
Size
Micro
Mini
Nano
Application
Military and Law Enforcement
Civil and Commercial
Geography
North America
United States
Canada
Europe
Germany
United Kingdom
France
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
United Arab Emirates
Saudi Arabia
Rest of Middle East & Africa

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Key Market Trends

The Civil and Commercial Segment is Expected to Register the Highest CAGR During the Forecast Period

UAVs have been dominant in the defense sector primarily due to their applications in various military missions. In the past decade, the use of small UAVs by law enforcement agencies increased steeply. Recently, FLIR Systems was assigned the task to provide the US Army with Black Hornet Personal Reconnaissance Systems (PRS). Research institutions, like the Massachusetts Institute of Technology, developed a honeybee-sized drone featuring a new navigation chip. According to the institution, the small drone can process complex images, up to 171 frames per second. Preference for miniaturization of UAVs is the current trend in the market.
However, the commercial and civil sector is expected to register the highest CAGR during the forecast period. This is due to the growing use of small drones in the energy and agriculture sector. Companies, like Amazon, have been planning to use small drones for faster delivery of goods. Medical institutions and hospitals are also considering the use of small drones to deliver medical packs during an emergency. With the changes in regulations on the use of commercial drones, the market for small drones is poised to register a steep rise, especially in the commercial and civil segment in the coming years. 
 

Small UAV Market Trends

North America Held a Major Share in the Small UAV Market in 2019

Countries, like the United States, China, Russia, the United Kingdom, and India, have been progressing rapidly in terms of technological advancement in small drones. In 2019, North America accounted for a significant market share, followed by Asia-Pacific and Europe. The procurement of small UAVs is on a rise in the United States and Canada by the military, law enforcement, and commercial sector. However, several countries in Asia-Pacific have also been increasing their procurement of smaller drones. India is a rapidly evolving market, especially in the drones market. Recently, the Government of India amended its regulations on the commercial use of drones, which is expected to fuel the growth of the small drones market in the next five years.

Small UAV Market Forecast

Competitive Landscape

There are several players in the small UAV market. Few prominent players in the market are DJI, Northrop Grumman Corporation, Parrot Drones SAS, AeroVironment Inc., Lockheed Martin Corporation, and Textron Inc. Product innovation plays an important role and has been helping the companies in expanding their market presence. The intensity of rivalry is high, as companies look to venture into new regions and to gain long-term contracts.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Wing Type

      1. 5.1.1 Fixed Wing

      2. 5.1.2 Rotary Wing

    2. 5.2 Size

      1. 5.2.1 Micro

      2. 5.2.2 Mini

      3. 5.2.3 Nano

    3. 5.3 Application

      1. 5.3.1 Military and Law Enforcement

      2. 5.3.2 Civil and Commercial

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Russia

        5. 5.4.2.5 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Rest of Asia-Pacific

      4. 5.4.4 Latin America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Mexico

        3. 5.4.4.3 Rest of Latin America

      5. 5.4.5 Middle East & Africa

        1. 5.4.5.1 United Arab Emirates

        2. 5.4.5.2 Saudi Arabia

        3. 5.4.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 Northrop Grumman Corporation

      2. 6.2.2 Dow Jones Industrial

      3. 6.2.3 Parrot Drones SAS

      4. 6.2.4 AeroVironment Inc.

      5. 6.2.5 Textron Inc.

      6. 6.2.6 The Boeing Company

      7. 6.2.7 YUNEEC

      8. 6.2.8 Guangzhou Walkera Technology CO. LTD

      9. 6.2.9 FLIR Systems Inc.

      10. 6.2.10 Elbit Systems Ltd

      11. 6.2.11 Thales Group

      12. 6.2.12 Lockheed Martin Corporation

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Frequently Asked Questions

The Small UAV Market market is studied from 2018 - 2027.

The Small UAV Market is growing at a CAGR of >15% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2021.

Northrop Grumman Corporation, DJI, Textron Inc., AeroVironment Inc., Parrot Drones SAS are the major companies operating in Small UAV Market.

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