The North America small UAV market size was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of 7% during 2023–2031. Growth of the market is attributed to rapid urbanization, increasing overall efficiency & productivity for enterprises and increasing demand for advance small UAV.
A UAV is small enough to man portable also known as drones are an unmanned aerial vehicle. By infantryman small air vehicles which can carry a small UAVs range to individual transportable UAVs. The portable air defense system can be also launched by infantry man.
The Covid-19 pandemic affected the demand and supply of North America small UAV market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
North America Small UAV Market Trends, Drivers, Restraints, and Opportunities
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Increasing use of small UAV in defense sector is projected to boost the market.
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Rapid innovations in small UAV technologies are the major factor fueling the market.
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Lack of awareness about the small UAV is projected to restrict the market expansion during the forecast period.
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High price of small UAV is anticipated to hamper the market growth in the coming years.
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R&D investment and technological advancement in small UAV market is projected to offer lucrative opportunities for the market players.
Scope of North America Small UAV Market Report
The report on the North America small UAV market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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North America Small UAV Market–Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016-2021
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Forecast Period
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2023-2031
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Segmentation
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Types (Single-rotor VTOL Small UAV, Light Fixed–wing Small UAV, Multi-rotor VTOL Small UAV, and Heavy Fixed-wing Small UAV), Propulsion Types (Lithium-ion Battery Propulsion System, Hydrogen Cell Propulsion Systems, Solar Propulsion Systems, Hybrid Propulsion Systems, and Other Systems), Industrial Applications (Media & Entertainment, Mining & Metals, Defense, Energy, Retail, and Others)
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Geographical Scope
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United States, Canada, Mexico, and Rest of the North America
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players covered in the Report
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Lockheed Martin Corp.; Airbus SE; BAE Systems PLC; The Boeing Company; Israel Aerospace Industries (IAI); Aerovironment Inc.; Elbit Systems Ltd.; Thales SA; DJI; and Aeronautics Ltd.
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North America Small UAV Market Segment Insights
The retail segment accounts for key share of the market
Based on industrial applications, the North America small UAV market is fragmented into media & entertainment, mining & metals, defense, energy, retail, and others. The retail segment accounts for a key share of the market. Growth of the market is attributed to rising industrialization and increasing research & development activities in small UAV sector. However, the defense segment is anticipated to expand at a rapid pace during the forecast period due to rapid expansion in development & research, increasing per capita income, and rising demand for small UAV from mining sector.
The multi-rotor VTOL small UAV segment is anticipated to hold significant market share
On the basis of types, the market is divided into single-rotor VTOL small UAV, light fixed–wing small UAV, multi-rotor VTOL small UAV, and heavy fixed-wing small UAV. The multi-rotor VTOL small UAV segment accounts for a significant share of the market. Growth of the market is attributed to low-cost alternatives to combat aircrafts and rapid technological advancement in industrial development & infrastructure. The heavy fixed-wing small UAV segment is anticipated to expand at a rapid pace during the forecast period due to factors such as rising investment by government & private sectors, rapidly growing population, and increasing spending on military sector.
The hybrid propulsion systems segment accounts for key share of the market
Based on propulsion types, the North America small UAV market is segmented into lithium-ion battery propulsion system, hydrogen cell propulsion systems, solar propulsion systems, hybrid propulsion systems, and other systems. The hybrid propulsion systems segment accounts for a key share of the market. Growth of the market is attributed to rapid economic growth and countries upgrading their inventories of military UAVs. However, the solar propulsion systems segment is anticipated to expand at a rapid pace during the forecast period due to rapid development of small UAVs for commercial sector, presence of major market players, and rapid industrialization.
The United States is estimated to hold major market share
On the basis of region, the North America small UAV market is categorized as the United States, Canada, Mexico, and Rest of the North America. The market of Canada is estimated to expand at a high CAGR during the forecast period due to factors such as rising adoption of advanced technologies through easier access to low-cost UAVs. The market of United States is estimated to hold major market share due to end of ban on commercial drone flights.
Segments
The North America small UAV market has been segmented on the basis of
Types
- Single-rotor VTOL Small UAV
- Light Fixed–wing Small UAV
- Multi-rotor VTOL Small UAV
- Heavy Fixed-wing Small UAV
Propulsion Types
- Lithium-ion Battery Propulsion System
- Hydrogen Cell Propulsion Systems
- Solar Propulsion Systems
- Hybrid Propulsion Systems
- Other Systems
Industrial Applications
- Media & Entertainment
- Mining & Metals
- Defense
- Energy
- Retail
- Others
Geography
- The United States
- Canada
- Mexico
- Rest of the North America
Key Players
- Lockheed Martin Corp.
- Airbus SE
- BAE Systems PLC
- The Boeing Company
- Israel Aerospace Industries (IAI)
- Aerovironment Inc.
- Elbit Systems Ltd.
- Thales SA
- DJI
- Aeronautics Ltd.
Competitive Landscape
Key players competing in the North America small UAV market include Lockheed Martin Corp.; Airbus SE; BAE Systems PLC; The Boeing Company; Israel Aerospace Industries (IAI); Aerovironment Inc.; Elbit Systems Ltd.; Thales SA; DJI; and Aeronautics Ltd.
Some of these players are using several market strategies such as collaborations, acquisitions, partnerships, merger, product launches, and capacity expansion to enhance their market shares, generate revenue and raise their production line of the business in the coming years.
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