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The Europe Small UAV Market is segmented by Wing Type (Fixed-wing and Rotary-wing), Size (Micro, Mini, and Nano), Application (Military and Law Enforcement, and Civil and Commercial), and Country.
Fastest Growing Market:
The Europe Small UAV Market is expected to register a CAGR of more than 8% over the forecast period.
UAVs of weight class of less than 25 kg are considered as small UAVs for the study.
|Military and Law Enforcement|
|Civil and Commercial|
|Rest of Europe|
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In segmentation by wing type, the rotary-wing segment currently has a larger market share, compared to the fixed-wing segment. Small helicopter drones and quadcopter drones are being used on a large scale both for military and commercial purposes in Europe. Quadcopters, in particular, are one of the majorly used small UAV models for commercial and civil purposes. They, along with the small helicopters, are now being used for surveillance purposes for the military. Due to their vertical takeoff and landing capabilities and the advantage in being able to be deployed from the ground instead of being launched by hand, their use has been increasing. Thus, the segment is also expected to grow with the highest CAGR during the forecast period.
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As of 2018, the United Kingdom has the highest market share in the European small UAV market. The United Kingdom has one of the largest fleets of small UAVs in Europe. Small UAVs are largely being adopted by police and law enforcement agencies in the United Kingdom. The military is also planning to order small UAVs for surveillance purposes. With the usage of small UAVs continuing to rise, the UK Government has enacted legislation to help achieve safer flying across the country. Additionally, registration with the Civil Aviation Authority may be made compulsory for drones weighing more than 250 g. All these factors may reduce the growth of the revenues from civil and commercial small UAVs in the country. At the same time, countries in the rest of Europe, like Belgium, Denmark, Poland, Greece, etc., are increasingly adopting the usage of drones for various purposes. In this regard, the growth of the Rest of Europe segment is expected to be the largest during the forecast period.
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DJI, Parrot Drones SAS, Northrop Grumman Corporation, AeroVironment Inc., Lockheed Martin Corporation, and Textron Inc., are some of the major players in the market. The market is currently fragmented, with many players producing their own drones for civilian and commercial purposes. In regions, like Europe, where drone regulations are to be taken the utmost care of, before manufacturing them for certain applications, the players need to keep in mind the regulations for the use of the small UAVs. As the small UAV market is still in its initial stage, the players have the privilege to reach out for the untapped markets to gain significant revenues. Technological innovations may also help the players to attract new customers, thereby boosting their revenue growth.
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 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. MARKET SEGMENTATION
5.1 Wing Type
5.3.1 Military and Law Enforcement
5.3.2 Civil and Commercial
5.4.1 United Kingdom
5.4.5 Rest of Europe
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Vendor Market Share
6.3 Company Profiles
6.3.2 Parrot Drones SAS
6.3.3 Northrop Grumman Corporation
6.3.4 Lockheed Martin Corporation
6.3.5 Textron Inc.
6.3.6 AeroVironment Inc.
6.3.7 The Boeing Company
6.3.9 Guangzhou Walkera Technology Co. Ltd
6.3.10 FLIR Systems
6.3.11 Elbit Systems
6.3.12 Thales Group*
7. MARKET OPPORTUNITIES AND FUTURE TRENDS