Market Share of Latin America Small Uav Industry
DJI, Parrot Drones SAS, The Boeing Company, AeroVironment, Inc., and JETWIND are currently some of the major players in the market. Most of the players, mainly in military small UAV technologies, are local manufacturers supplying small UAVs to 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 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 regional market share.
Latin America Small Unmanned Aerial Vehicles (UAV) Market Leaders
DJI
Parrot Drones SAS
AeroVironment Inc.
The Boeing Company
JETWIND
*Disclaimer: Major Players sorted in no particular order
