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The Latin America Small UAV Market is Segmented by Wing Type (Fixed Wing, Rotary Wing), Size (Micro, Mini, Nano), Application (Military and Law Enforcement, Civil and Commercial), and Country.
The Latin America small UAV market is projected to witness a CAGR of more than 5% during the forecast period.
UAVs of a weight class of less than 25 kg are considered as small UAVs for the study.
|Civil and Commercial|
|Military and Law Enforcement|
|Rest of Latin America|
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The use of small UAVs in Latin America is constantly increasing in the civil and commercial sectors. Small UAVs are being adopted widely for monitoring applications, like mining, agriculture, engineering, and construction, in various countries in the region. Small UAVs have a bright future in Latin America with other potential applications, including shipping, transportation, and security. Drones are being used by various government agencies as well, in the region. For instance, under Amazon Region Protected Areas (ARPA) program, Chico Mendes Institute for Biodiversity Conservation (ICMBio) is in plans to test small UAVs for the surveillance and monitoring of Amazon rainforest. This plan is anticipated to set into motion, once the internal regulations have been approved before the end of 2019. Thus, the growing adoption of small UAVs for various civil and commercial purposes is expected to boost market growth in the years to come.
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By the end of 2018, Brazil had the highest market share in the Latin American small UAV market. The usage of small UAVs is constantly increasing in Brazil, especially in the civil and commercial segments. In this segment, around two-third of the existing drones are used for recreational purposes and around one-third for commercial usage. For operating any type of UAV, users need to register themselves and the UAVs at the National Civil Aviation Agency (Agência Nacional de Aviação Civil in Portuguese), also known as ANAC, which is the Brazilian Civil Aviation Authority. ANAC classifies UAVs into three classes based on their MTOW and operating range. UAVs of weight less than 250 grams and flying under 400 feet are considered by ANAC as licensed for their respective purposes, and the operators need not have any additional documentation. Thus, the eased regulations for drone usage are helping the growth of the market in the country. However, the autonomous operation of drones for non-military purposes is prohibited in the country.
The use of small UAVs is also increasing in the military, as the country is slowly trying to enhance its autonomous capabilities. In April 2019, the Brazilian company, Jetwind Brasil Services and Technologies, developed a 3-in-1 small UAV that has military applications and can be operated in three ways. The Jetwind UAV is designed for long-endurance, long-range missions, such as ISR (intelligence, surveillance, and reconnaissance) missions. Thus, the ongoing developments in UAV technologies are expected to help the country dominate the Latin American small UAV market in the years to come.
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DJI, Parrot Drones SAS, The Boeing Company, AeroVironment, Inc., and JETWIND are some of the major players in the market, currently. Most of the players, mainly in military small UAV technologies, are local manufacturers supplying small UAVs to the military organizations. Latin America is one of the smallest markets in the world for small UAVs but with large growth potential. The United States is also influencing the military procurements of the countries in the region, like Columbia and Mexico, with many bilateral initiatives, such as Plan Colombia and the Merida Initiative. This is expected to bring more contracts to the US-based companies in Latin America in the next few years. Local manufacturers can compete with prominent foreign players by upgrading their offerings with advanced technologies, thereby increasing their market share in the region.
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
5.1.1 Fixed Wing
5.1.2 Rotary Wing
5.3.1 Civil and Commercial
5.3.2 Military and Law Enforcement
5.4.4 Rest of Latin America
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.2 Parrot Drones SAS
6.2.3 AeroVironment Inc.
6.2.5 The Boeing Company
6.2.6 Unmanned Systems AG
6.2.7 FT Sistemas
6.2.8 Nostromo LLC
6.2.9 Santos Lab
6.2.11 Hydra Technologies
6.2.12 Northrop Grumman Corporation
6.2.13 FLIR Systems
7. MARKET OPPORTUNITIES AND FUTURE TRENDS