The Asia Pacific Small Unmanned Aerial Vehicle (SUAV) Market size is projected to expand at a significant CAGR during the forecast period, 2021-2028. The growth of the market is attributed to rising use of UAV in military and surveillance operations.
Unmanned aerial vehicle (UAV), also known as drone, is an airborne system that is operated remotely by a human operator or can fly without a pilot onboard. UAVs are used for observation and are used for monitoring and strategic planning. This technology is now used in assisting the team members, aerial photography & videography, real estate photography, and mapping & surveying. UAVs are classified in altitude range, endurance and weight, and support a wide range of applications.
A number of companies conducted drone delivery trails during the pandemic, usually operating with special, tightly limited waivers for flight beyond visual line of sight issued by the Federal Aviation Administration.
Market Trends, Drivers, Restraints and Opportunities
- Increasing political tension between the countries in Asia Pacific is projected to drive the market growth during the forecast period.
- Rising demand for small UAVs is expected to boost the market growth in the coming years.
- Growing latest technological implantation is projected to drive the market growth during the forecast period.
- Rising modernization of military with respect to technology and decline in defense budgets of advanced economies is expected to boost the market growth in the coming years.
- Lack of skilled pilots and strict airspace regulations is estimated to restrict the market growth in the coming years.
- Increasing commercial applications and enhanced operational efficiency can create lucrative opportunities during the forecast period.
Scope of the Report of Small Unmanned Aerial Vehicle (SUAV) Market
The report on the Asia Pacific 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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Asia-Pacific Small UAV Market- Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Types (Fixed Wing and Rotary Wing), Sizes (Micro, Mini, and Nano), and Applications (Military and Law Enforcements and Civil and Commercials)
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Geography
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China, India, Japan, Australia, and Rest of Asia Pacific
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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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SZ DJI Technology Co., Ltd. (DJI); Yuneec Europe GmbH; Elbit Systems Ltd.; Hubsan; and MicroMultiCopter Aero Technology Co., Ltd.
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Small Unmanned Aerial Vehicle (SUAV) Market Segment Insights
Rotary Wing segment to hold a significant market share
Based on types, the market is divided into fixed wing and rotary wing. The fixed wing segment is anticipated to hold a key share of the market in the coming years due to their ability to cover great distances on a single battery. However, the fixed wing segment is anticipated to expand at a rapid pace during the forecast period, as this type of UAV takes vertical take-off and requires minimal space for landing. However, the rotary wing UAVS have high demand from the defense sector for surveillance and reconnaissance applications.
Mini segment is expected to grow at a rapid pace
On the basis of sizes, the market is divided into micro, mini, and nano. The micro segment is expected to represent a major share of the market in the coming years due to ability to fly lower and in more directions, allowing them to easily navigate traditionally hard-to-access areas. On the other hand, the mini segment is anticipated to expand at a rapid pace during the forecast period, as it is easily deployable and secure.
Civil and commercials segment is anticipated to hold a large market share
Based on applications, the market is bifurcated into military and law enforcements and civil and commercials. The military and law enforcements segment is anticipated to hold a key share of the market in the coming years due to increasing use for monitoring purposes. However, the civil and commercials segment is anticipated to expand at a rapid pace during the forecast period owing to legislative uncertainty and precision.
North America is estimated to account a major market share
In terms of geography, the market is classified as China, India, Japan, Australia, and Rest of Asia Pacific. India is expected to constitute a key share of the market during the projected period due to increasing use of small drones for border and maritime surveillance activities. However, the market in China is anticipated to expand at a rapid pace during the forecast period. The government of China is also providing various subsidy schemes and other favorable domestic policies to promote the usage of small UAVs in the country.
Segments
Segments Covered in the Report
The Asia-Pacific small UAV market has been segmented on the basis of
Types
Sizes
Applications
- Military and Law Enforcements
- Civil and Commercials
Geography
- China
- India
- Japan
- Australia
- Rest of Asia Pacific
Key Players
- SZ DJI Technology Co., Ltd. (DJI)
- Yuneec Europe GmbH
- Elbit Systems Ltd.
- Hubsan
- MicroMultiCopter Aero Technology Co., Ltd.
Competitive Landscape
Key players competing in the small UAV market includes SZ DJI Technology Co., Ltd. (DJI); Yuneec Europe GmbH; Elbit Systems Ltd.; Hubsan; and MicroMultiCopter Aero Technology Co., Ltd.
Some of these players are engaging in business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market share.
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