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Latin America Small UAV Market - Growth, Trends, and Forecast (2019 - 2024)

  • ID: 4557787
  • Report
  • Region: Latin America
  • 91 pages
  • Mordor Intelligence
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FEATURED COMPANIES

  • AeroVironment, Inc.
  • FLIR Systems
  • Hydra Technologies
  • Nostromo LLC.
  • Santos Lab
  • Unmanned Systems AG
  • MORE
Market Overview

The Latin America Small UAV Market is projected to grow with a CAGR of more than 5% during the forecast period.
  • Procurements of Small UAVs for ISR applications is driven by the increasing defense budgets, especially in countries like Brazil.
  • In the commercial sector, the small UAVs are increasingly being adopted for industrial purposes like surveying, mapping, mining, agriculture, and construction in the region.
  • The growth of the UAV market could be affected by certain restraints during the forecast period. These factors include strict airspace regulations across major countries of the region, where government agencies are setting up regulations for the commercial use of drones.
Scope of the Report

UAVs of a weight class of less than 25 kg are considered as small UAVs for the study.

Key Market Trends

Civil and Commercial Sector Projected to grow with the Highest CAGR During the Forecast Period

The use of small UAVs in Latin America is constantly increasing in the civil and commercial sector. Small UAVs are being adopted widely for monitoring of the applications like mining, agriculture, engineering and construction in various countries in the region. There’s a bright future for small UAVs in Latin America, with other potential applications including shipping, transportation, and security. Drones are being used by various government agencies as well, in the region. For instance, under Amazon Region Protected Areas (ARPA) program, Chico Mendes Institute for Biodiversity Conservation (ICMBio) is in plans to test small UAVs for surveillance and monitoring of Amazon rainforest. This plan is anticipated to set into motion once the internal regulations have been approved, before the end of 2019. Thus the growing adoption of small UAVs for various civil and commercial purposes is expected to boost the market growth in the years to come.

Brazil is the Largest Market for Drones in 2018

By the end of 2018, Brazil had the highest market share in the Latin America small UAV market. The usage of small UAVs is constantly increasing in Brazil, especially in the civil and commercial segment. In this segment, around two-thirds of the existing drones for recreational purposes and around one-third of them are for commercial usage. For operating any type of UAV, users need to register themselves and the UAVs from the National Civil Aviation Agency (Agência Nacional de Aviação Civil in Portuguese), also known as ANAC, which is the Brazilian Civil Aviation Authority. ANAC classified the UAVs into three classes based on their MTOW and operating range. UAVs of weight less than 250 grams and are flying under 400 feet are considered by ANAC as licensed for their respective purposes, and the operators need not have any additional documentation. Thus the eased regulations for drone usage are helping the growth of the market in the country. However, autonomous operations of drones for non-military purposes are prohibited in the country.

The use of small UAVs is also increasing in the military, as the country is slowly trying to enhance its autonomous capabilities. Recently, in April 2019, the Brazilian company, Jetwind Brasil Services and Technologies developed a 3-in-1 small UAV that has military applicability and can be operated in three ways. The Jetwind UAV is designed for long-endurance, long-range missions, such as ISR (Intelligence, Surveillance, and Reconnaissance) missions. Thus the ongoing developments in the UAV technologies is expected to make the country dominate the Latin America small UAV market in the years to come.

Competitive Landscape

DJI, Parrot Drones SAS, The Boeing Company, AeroVironment, Inc., and JETWIND are some of the major players in the market currently. Most of the players, mainly in military small UAV technologies, are local manufacturers, supplying small UAVs to the militaries. Latin America is one of the smallest markets in the world for small UAVs, but with large growth potential. Hence, the United States is also influencing the military procurements of the countries in the region like Columbia and Mexico with many bilateral initiatives such as Plan Colombia and the Merida Initiative. This is expected to bring more contracts to the 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, thereby increasing their market share in the region.

Reasons to Purchase this report:
  • The market estimate (ME) sheet in Excel format.
  • Report customization as per the client's requirements.
  • 3 months of analyst support.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • AeroVironment, Inc.
  • FLIR Systems
  • Hydra Technologies
  • Nostromo LLC.
  • Santos Lab
  • Unmanned Systems AG
  • MORE
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Industry Attractiveness - Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 Wing Type
5.1.1 Fixed Wing
5.1.2 Rotary Wing
5.2 Size
5.2.1 Micro
5.2.2 Mini
5.2.3 Nano
5.3 Application
5.3.1 Civil and Commercial
5.3.2 Military and Law Enforcement
5.4 Country
5.4.1 Brazil
5.4.2 Argentina
5.4.3 Mexico
5.4.4 Rest of Latin America

6 COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 DJI
6.2.2 Parrot Drones SAS
6.2.3 AeroVironment, Inc.
6.2.4 JETWIND
6.2.5 The Boeing Company
6.2.6 Unmanned Systems AG
6.2.7 FT Sistemas
6.2.8 Nostromo LLC.
6.2.9 Santos Lab
6.2.10 XMobots
6.2.11 Hydra Technologies
6.2.12 Northrop Grumman Corporation
6.2.13 FLIR Systems

7 MARKET OPPORTUNITIES AND FUTURE TRENDS
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  • DJI
  • Parrot Drones SAS
  • AeroVironment, Inc.
  • JETWIND
  • The Boeing Company
  • Unmanned Systems AG
  • FT Sistemas
  • Nostromo LLC.
  • Santos Lab
  • XMobots
  • Hydra Technologies
  • Northrop Grumman Corporation
  • FLIR Systems
Note: Product cover images may vary from those shown
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