Market Share of Small UAV Industry
The small UAV market is highly competitive, with many prominent players competing for a larger market share. The stringent safety and regulatory policies in the defense and homeland security segment are expected to restrict the entry of new players. However, the commercial and civil segment is expected to witness rapid growth due to the entry of many players, as the segment is not governed by economies of scale.
Some of the leading players in the Small UAV Market are AeroVironment, Inc., SZ DJI Technology Co., Ltd., Teledyne Technologies Incorporated, THALES, and Lockheed Martin Corporation, amongst others. Players use emerging technologies to design new types of advanced small UAV systems, thereby increasing their market share by attracting new customers. Product innovation and investment in R&D will play a vital role in the success of the new and existing players in this market in the coming years.
Small UAV Market Leaders
SZ DJI Technology Co., Ltd.
Teledyne Technologies Incorporated
Lockheed Martin Corporation
THALES
AeroVironment, Inc.
*Disclaimer: Major Players sorted in no particular order
