Market Share of Europe Small UAV Industry
The Europe small UAV market is currently fragmented, with many players producing drones for civilian and commercial purposes. SZ DJI Technology Co. Ltd, Parrot Drones SAS, Northrop Grumman Corporation, Teledyne FLIR LLC, and Lockheed Martin Corporation are some of the major players in the market. In Europe, the newly formulated drone regulations are to be strictly adhered to while operating a drone. As the small UAV market is still in its initial stage, players have the privilege of reaching out to untapped markets to gain significant revenues. Technological innovations may also help players attract new customers, thereby boosting their revenue growth. For instance, in May 2022, The UK MOD granted a contract to Marlborough Communications Limited (MCL) and Skydio as part of the Future Capabilities Group (FCG) nano unmanned aerial systems (nUAS) framework. The contract, worth USD 3.32 million, is for the supply of Skydio's autonomous X2D drones, as well as its artificial intelligence (AI) and 3D Scan capacity. Skydio drones can execute surveillance, security patrol, and incident response missions and have 360°obstacle avoidance and night operation capabilities.
Europe Small UAV Market Leaders
Lockheed Martin Corporation
Parrot Drones SAS
Northrop Grumman Corporation
SZ DJI Technology Co., Ltd.
Teledyne FLIR LLC
*Disclaimer: Major Players sorted in no particular order
