SYS-CON MEDIA Authors: Zakia Bouachraoui, Liz McMillan, Carmen Gonzalez, Roger Strukhoff, David Linthicum

News Feed Item

North America Small UAV Market 2019-2024: Market is Anticipated to Record a CAGR of 9% to Reach a Value of USD 900 Million - ResearchAndMarkets.com

The "North America Small UAV Market (2019 - 2024)" report has been added to ResearchAndMarkets.com's offering.

The North American small UAV market is anticipated to record a CAGR of 9% to reach a value of USD 900 million by 2024

The increasing applications in surveying, aerial photography, 3D mapping, oil and gas pipeline monitoring and similar infrastructure inspection, and real estate surveys, are driving the growth of the North American small UAV market.

The demand for UAV from intelligence, surveillance, and reconnaissance missions in military and surveillance missions in law enforcement sectors, fueled by the increasing military spending of countries, are further expected to propel the North American small UAV market.

Integration of technologies, like IOT (Internet of Things) and AI (Artificial Intelligence), along with the use of innovative micro-electronic components in unmanned aerial vehicles, is expected generate future opportunities in the market.

Scope of the Report

Small UAVs have been defined in various terms among the national regulation authorities, often without including size precisions, and differences about weight measurement specifications. These definitions range from less than 2 kg for Canada to less than 25 kg for the United States.

Key Market Trends

Industrial Application Trends

The retail segment of the North American small UAV market is expected to witness the highest growth during the forecast period. This growth is propelled by the retail sector of North America, which is the home for the world's largest retailers. Online retail has witnessed rapid growth for the past three years. Service providers in the region find difficulties in making deliveries. In busy cities, where traffic is a major concern, drones (small UAVs) are the best possible solution for online retailers. Currently, the deliveries of Meds-By-Drone Delivery is initiated, and this is expected to be also used for the delivery of various parcels and other retail items that are likely to drive the growth for this segment during the forecast period.

Geography Trends

The United States currently has the largest market share and is expected to record the highest CAGR during the forecast period. This is due to the end of the ban on commercial drone flights, and may allow low-altitude flights of small drones within viewing range of a ground-based pilot. The necessity for constant and superior ISR capability by the armed forces has stimulated the United States to invest substantially in unmanned air systems and related technologies Presently, the US DoD operates more than 7,000 UAVs, mainly in international locations, such as Afghanistan, Pakistan, and Yemen, as well as domestically, along the United States-Mexico border. A majority of these are small UAVs, with a wingspan of between three to four feet, are used by ground units for real-time geographical or structural surveillance. The development of advanced small UAVs for the military and commercial sectors is boosting the growth of the market in this region.

Competitive Landscape

The North American small UAV market is a highly fragmented one, with about nine companies dominating the market. Some of the prominent players in the market are The Boeing Company, Israel Aerospace Industries (IAI), Thales SA, Airbus SE, and Elbit Systems Ltd.

In October 2017, Boeing announced that it was investing in Near Earth Autonomy, a Pittsburgh-based company that is focused on developing technologies for safe and reliable autonomous flight. In addition to the investment, the companies also announced a partnership to explore future applications and products for emerging markets, such as urban mobility. Such investments and partnerships by market leaders can help the companies to maintain strong presence in the market.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Market Dynamics

4.1 Market Overview

4.2 Market Drivers

4.3 Market Restraints

4.4 Porter's Five Forces Analysis

5 Market Segmentation

5.1 Type

5.1.1 Light Fixed-wing Small UAV

5.1.2 Heavy Fixed-wing Small UAV

5.1.3 Multi-Rotor VTOL Small UAV

5.1.4 Single-Rotor VTOL Small UAV

5.2 Propulsion Type

5.2.1 Hydrogen Cell Propulsion Systems

5.2.2 Hybrid Propulsion Systems

5.2.3 Solar Propulsion Systems

5.2.4 Lithium-ion Battery Propulsion System

5.3 Industrial Application

5.3.1 Defense

5.3.2 Retail

5.3.3 Media and Entertainment

5.3.4 Energy

5.3.5 Mining and Metals

5.4 Geography

5.4.1 United States

5.4.2 Canada

5.4.3 Rest of North America

6 Competitive Landscape

6.1 Market Share Analysis

6.2 Company Profiles

6.2.1 Elbit Systems Ltd

6.2.2 Israel Aerospace Industries (IAI)

6.2.3 Thales SA

6.2.4 The Boeing Company

6.2.5 Aerovironment Inc.

6.2.6 BAE Systems PLC

6.2.7 DJI

6.2.8 Airbus SE

6.2.9 Aeronautics Ltd

6.2.10 Lockheed Martin Corporation

7 Market Opportunities and Future Trends

For more information about this report visit https://www.researchandmarkets.com/research/x3mkvh/north_america?w=4

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Moroccanoil®, the global leader in oil-infused beauty, is thrilled to announce the NEW Moroccanoil Color Depositing Masks, a collection of dual-benefit hair masks that deposit pure pigments while providing the treatment benefits of a deep conditioning mask. The collection consists of seven curated shades for commitment-free, beautifully-colored hair that looks and feels healthy.
The textured-hair category is inarguably the hottest in the haircare space today. This has been driven by the proliferation of founder brands started by curly and coily consumers and savvy consumers who increasingly want products specifically for their texture type. This trend is underscored by the latest insights from NaturallyCurly's 2018 TextureTrends report, released today. According to the 2018 TextureTrends Report, more than 80 percent of women with curly and coily hair say they purcha...
The textured-hair category is inarguably the hottest in the haircare space today. This has been driven by the proliferation of founder brands started by curly and coily consumers and savvy consumers who increasingly want products specifically for their texture type. This trend is underscored by the latest insights from NaturallyCurly's 2018 TextureTrends report, released today. According to the 2018 TextureTrends Report, more than 80 percent of women with curly and coily hair say they purcha...
We all love the many benefits of natural plant oils, used as a deap treatment before shampooing, at home or at the beach, but is there an all-in-one solution for everyday intensive nutrition and modern styling?I am passionate about the benefits of natural extracts with tried-and-tested results, which I have used to develop my own brand (lemon for its acid ph, wheat germ for its fortifying action…). I wanted a product which combined caring and styling effects, and which could be used after shampo...
The precious oil is extracted from the seeds of prickly pear cactus plant. After taking out the seeds from the fruits, they are adequately dried and then cold pressed to obtain the oil. Indeed, the prickly seed oil is quite expensive. Well, that is understandable when you consider the fact that the seeds are really tiny and each seed contain only about 5% of oil in it at most, plus the seeds are usually handpicked from the fruits. This means it will take tons of these seeds to produce just one b...
Steaz, the nation's top-selling organic and fair trade green-tea-based beverage company, announces its 2017 "Mind. Body. Soul." tour, which will bring authentic experiences inspired by the brand's signature Mind. Body. Soul. tagline to life across the country. The tour will inform, educate, inspire and entertain through events, digital activations and partner-curated experiences developed to support the three pillars of complete health and wellness.
The platform combines the strengths of Singtel's extensive, intelligent network capabilities with Microsoft's cloud expertise to create a unique solution that sets new standards for IoT applications," said Mr Diomedes Kastanis, Head of IoT at Singtel. "Our solution provides speed, transparency and flexibility, paving the way for a more pervasive use of IoT to accelerate enterprises' digitalisation efforts. AI-powered intelligent connectivity over Microsoft Azure will be the fastest connected pat...
There are many examples of disruption in consumer space – Uber disrupting the cab industry, Airbnb disrupting the hospitality industry and so on; but have you wondered who is disrupting support and operations? AISERA helps make businesses and customers successful by offering consumer-like user experience for support and operations. We have built the world’s first AI-driven IT / HR / Cloud / Customer Support and Operations solution.
ScaleMP is presenting at CloudEXPO 2019, held June 24-26 in Santa Clara, and we’d love to see you there. At the conference, we’ll demonstrate how ScaleMP is solving one of the most vexing challenges for cloud — memory cost and limit of scale — and how our innovative vSMP MemoryONE solution provides affordable larger server memory for the private and public cloud. Please visit us at Booth No. 519 to connect with our experts and learn more about vSMP MemoryONE and how it is already serving some of...
Darktrace is the world's leading AI company for cyber security. Created by mathematicians from the University of Cambridge, Darktrace's Enterprise Immune System is the first non-consumer application of machine learning to work at scale, across all network types, from physical, virtualized, and cloud, through to IoT and industrial control systems. Installed as a self-configuring cyber defense platform, Darktrace continuously learns what is ‘normal' for all devices and users, updating its understa...
Codete accelerates their clients growth through technological expertise and experience. Codite team works with organizations to meet the challenges that digitalization presents. Their clients include digital start-ups as well as established enterprises in the IT industry. To stay competitive in a highly innovative IT industry, strong R&D departments and bold spin-off initiatives is a must. Codete Data Science and Software Architects teams help corporate clients to stay up to date with the mod...
As you know, enterprise IT conversation over the past year have often centered upon the open-source Kubernetes container orchestration system. In fact, Kubernetes has emerged as the key technology -- and even primary platform -- of cloud migrations for a wide variety of organizations. Kubernetes is critical to forward-looking enterprises that continue to push their IT infrastructures toward maximum functionality, scalability, and flexibility. As they do so, IT professionals are also embr...
Platform9, the leader in SaaS-managed hybrid cloud, has announced it will present five sessions at four upcoming industry conferences in June: BCS in London, DevOpsCon in Berlin, HPE Discover and Cloud Computing Expo 2019.
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...
When you're operating multiple services in production, building out forensics tools such as monitoring and observability becomes essential. Unfortunately, it is a real challenge balancing priorities between building new features and tools to help pinpoint root causes. Linkerd provides many of the tools you need to tame the chaos of operating microservices in a cloud native world. Because Linkerd is a transparent proxy that runs alongside your application, there are no code changes required. I...