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

  • ID: 4771753
  • Report
  • 110 pages
  • Mordor Intelligence
until Dec 31st 2019
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  • AeroVironment Inc.
  • DJI
  • Elbit Systems
  • FLIR Systems
  • Parrot Drones SAS
  • Textron Inc.
  • MORE
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 are procuring nano drones for different military missions.
  • Over the years, regulations have also been changed for the commercial usage of drones in certain 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 are propelling the growth of the small UAV market.
Key Market Trends

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

The use of UAVs is dominant in the defense sector, primarily due to its applications in various military missions. In the past decade, the use of small UAVs by law enforcement agencies has 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 is capable of processing 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, are 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.

North America Held a Major Share in the Small UAV Market in 2018

Countries, like the US, China, Russia, the UK, and India, are progressing rapidly, in terms of technology advancement in small drones. In 2018, North America accounted for a major market share, followed by Asia-Pacific and Europe. The procurement of small UAVs is on a rise in the US and Canada by the military, law enforcement, and commercial sector. However, several countries in Asia-Pacific are also 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.

Competitive Landscape

There are several players in the small UAV market. Few prominent players in the market are DJI, Northrop Grumman Corporation, Parrot, AeroVironment Inc., Lockheed Martin Corporation, and Textron Inc. Product innovation plays an important role and helps 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.
Note: Product cover images may vary from those shown
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  • AeroVironment Inc.
  • DJI
  • Elbit Systems
  • FLIR Systems
  • Parrot Drones SAS
  • Textron Inc.
  • MORE
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study



4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Industry Attractiveness - Porter's Five Forces 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

5.1 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 Military and Law Enforcement
5.3.2 Civil and Commercial
5.4 Geography
5.4.1 North America United States Canada
5.4.2 Europe Germany United Kingdom France Russia Rest of Europe
5.4.3 Asia-Pacific China Japan India Rest of Asia-Pacific
5.4.4 Latin America Brazil Mexico Rest of Latin America
5.4.5 Middle East & Africa United Arab Emirates Saudi Arabia Rest of Middle East & Africa

6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Vendor Market Share
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Northrop Grumman Corporation
6.4.2 DJI
6.4.3 Parrot Drones SAS
6.4.4 AeroVironment Inc.
6.4.5 Textron Inc.
6.4.6 The Boeing Company
6.4.7 YUNEEC
6.4.8 Guangzhou Walkera Technology Co. Ltd
6.4.9 FLIR Systems
6.4.10 Elbit Systems
6.4.11 Thales Group
6.4.12 Lockheed Martin Corporation

Note: Product cover images may vary from those shown
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  • Northrop Grumman Corporation
  • DJI
  • Parrot Drones SAS
  • AeroVironment Inc.
  • Textron Inc.
  • The Boeing Company
  • Guangzhou Walkera Technology Co. Ltd
  • FLIR Systems
  • Elbit Systems
  • Thales Group
  • Lockheed Martin Corporation*
Note: Product cover images may vary from those shown
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