The small UAV market is poised to grow significantly in the European segment, expected to register a CAGR of XX% during the forecast period 2017-2022. UAVs, short for Unmanned Aerial Vehicles (commonly known as drones), have found wide-ranging applications in many fields, ranging from military related combat purposes to general application (like topography assessment, package delivery, video recording/photography, etc). Valued at US$ XX in 2017, the market is projected to reach a valuation worth US$ XX by 2022.
Small UAVs (SUAVs) are typically portable UAVs that can be transported and launched like an infantry man-portable-air-defence system. While UAVs are generally associated with air-defence and rescue related applications, there have also been recent discussions on their potential as carriers by commercial agencies. They are also quite popular among geologists for their ability to map and video-graph topographical landscapes and project them as 3D map models.
In an effort to oust competition from Israel and USA, Europe has started investing resources into development and manufacture of small UAVs locally. This comes amidst the rising popularity of drones, both within military as well as commercial functionality. While primarily adopted by the military for surveillance and data gathering purposes, small UAVs have begun to enjoy high adoption rates within the retail sector as well. They are being tested for compatibility in many other sectors, such as geography, weather analysis, healthcare, etc. They have even found wide-ranging applications within the consumer sector, especially within market segments such as toys and hobbyist related.
While being home to most of the global aerospace giants and cutting-edge research and innovation has helped the market’s growth, many factors threaten to pull down and hurdle estimated growth. Chief amongst these are restricted airspace, concern over privacy and security compromises, potential dangers, etc. Addressing concerns such as these would definitely boost the market’s growth, coupled with rising competition amongst rivalling manufacturers, as a result of which product costs compete for the lower segments (thus empowering higher purchasing power at the consumer sector).
The market is segmented by application into military, civil, commercial, toy, and hobbyist markets. While military holds the highest place in terms of market share, the commercial segment is expected to grow further during the forecast period. Mainstream drone utility within the consumer sector is also gaining a lot of popularity these days.
Considering how the market needs regions specifically rich in skilled work force coupled with ample research and funding, it is generally the bigger economies in the region that have invested interests into the small UAV market. These include France, Germany, UK, Spain, and Italy.
However, surprisingly it is the Swiss who are noteworthy for exceptionally precise and functional drone manufacturing. This is in coherence with the country’s long history with precision engineering and expertise in measurement and material sciences.
The key players in the small UAV market in Europe include Boeing Corporation, Thales SA, Airbus GroupSwissDrones, Flyability, senseFly, and Lockheed Martin.
- Market segments
- Market Drivers, Restraints and Opportunities
- Market Size & Forecast 2016 to 2022
- Supply & Demand Value Chain
- Market – Current Trends
- Competition & Major Companies
- Technology and R&D Status
- Porters Five Force Analysis
- Strategic and Critical Success Factor Analysis of Key Players
- Western Europe
- EU5 (Germany, France, Italy, Spain, U.K.)
- Nordic Countries (Denmark, Finland, Norway, and Sweden)
- Benelux (Belgium, The Netherlands, and Luxembourg)
- Rest of Western Europe
- Eastern Europe
- Rest of Eastern Europe
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
- Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
- Consumer and Pricing Analysis
- Market dynamics of the industry
- Market Segmentation
- Estimated Market Sizing in terms of volume and value
- Recent trends in Market and impact
- Research Status and Technology Overview
- Extensive Industry Structure Coverage