Market Share of North America Small UAV Industry
The North American small UAV market is comprised of a handful of established players who enjoy a strong foothold in the market, such as AeroVironment Inc., Thales Group, IAI, Lockheed Martin Corporation, and Elbit Systems Ltd. However, several small companies and startups entered the market in the past few years due to the high profitability in the market. Companies are competing to gain market shares and are developing advanced technology-integrated drone hardware and software solutions that reduce human effort in applications such as mining, construction, and aerial mapping. Since the payload, endurance, and flight range of a drone platform are the primary concerns of OEMs and operators alike, the emergence of alternative fuel-powered drones is expected to cause significant changes in the competitive scenario. Moreover, the use of composite-based materials for the construction of critical components and parts of drones would likely increase the capabilities of the drone platforms and fuel their widespread adoption across different industries.
North America Small UAV Market Leaders
Elbit Systems Ltd.
Thales Group
AeroVironment Inc.
Lockheed Martin Corporation
IAI
*Disclaimer: Major Players sorted in no particular order
