Pune, India -- (SBWIRE) -- 05/17/2018 -- Market Highlights:
The global small UAV market is expected to reach billion by 2021, to grow at a CAGR of around 7%. Small UAVs can mainly be classified as mini-UAV and micro-UAV. They are small enough to be carried and operated by a single person. During military operations, they can be launched as a portable air-defense system by infantrymen. The development of small UAVs mainly began in 1997, with Defense Advanced Research Projects Agency (DARPA's) multi-year USD 35 million project to develop micro air vehicles (MAVs).
Mini-UAVs, are larger than micro-UAVs but still compact, are used for military as well as civil-commercial applications. Bayraktar mini-UAV and Imperial Eagle are few of the examples of mini-UAVs mainly used for military applications. For commercial applications, mini-UAVs such as DJI Phantom have become quite popular.
The cost effectiveness and ease to acquire and operate these small UAVs in comparison to manned aircraft (and other larger UAVs) have led to the increase in demand from multiple segments such as military, industries, agriculture, and real estate. As of 2015, small UAVs are still largely being used by military in conflict regions throughout the world. However, the market growth rate for civil-commercial segment is much higher.
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Major Key Players
Israel Aerospace Industries Ltd.,
Aeronautics Limited, and Northrop Grumman
The global Small UAV Market is expected to reach billion by 2021, to grow at a CAGR of around 7%.
Industry/ Innovation/ Related News:
September 19, 2017:- AeroVironment, announced that it has delivered M1/M2/M5-compatible Raven® and Puma™ AE unmanned aircraft systems (UAS) to two DoD customers, with more orders and deliveries scheduled. In addition, the company will begin taking orders in December 2017 for M1/M2/M5-configured Wasp® AE micro air vehicles (MAV) for delivery in spring 2018.
June 1, 2017 - Aero Vironment announced the selection of the Wasp AE small unmanned aircraft system by the Australian Defence Force (ADF). The ADF Indefinite Delivery/Indefinite Quantity (ID/IQ) contract calls for the delivery of Wasp AE systems over a three-year period, as well as training and logistics support for up to ten years, for a total AeroVironment contract value of up to USD 36.5 million.
January 13, 2016:- Saab will deliver three UAV systems to the Swedish Police. Each system comprises air vehicles equipped with day/night sensors and a ground station, plus spare parts, consumables, documentation, training and technical support. The contract will be in effect from 2016 to 2018.
September 16, 2015:- Thales's new modular Watchkeeper X system reflects a growing need for high-end military-standard Intelligence, Surveillance, Target Acquisition and Reconnaissance (ISTAR) capability to wider markets. This modular Unmanned Aircraft System offers a range of options that can be adapted to specific operational resquirements. The versatile system is ideal for providing high-performance ISTAR over a wide range of air, land and maritime scenarios but can now also provide covert, rapid reaction to threats if required. Thales aims to deliver Watchkeeper X through collaboration with local industries and partnerships. This unique approach to unmanned aircrafts systems means that Thales can help to build a truly sovereign capability for our customers
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The global Small UAV market is characterized by the presence of many global, regional, and local vendors. The market is highly competitive with all the players competing to gain the maximum market share. Intense competition, rapid advances in technology, frequent changes in government policies, and environmental regulations are key factors that confront the market growth. In addition, in-house manufacturing capabilities, global footprint network, product offerings, R&D investments, and a strong client base have become the key areas to have the edge over the competitors.
The vendors compete based on cost, product quality, reliability, and aftermarket service. It is crucial for the vendors to provide advanced and high-quality helicopters in order to survive and succeed in an intensely competitive market environment.
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