Latin America Unmanned Aerial Vehicle (UAV) Market is expected to progress at a CAGR of approximately 5% over the forecast period, owing to the increasing commercial applications along with the military and defense services.
Drones are useful to provide essentials, including water and food, in areas affected by natural disasters, including earthquakes and floods. Small unmanned aerial vehicles (UAVs) are used to locate hostages during search and rescue operations. They are often used in missions that are hazardous to human actions. Such instruments are rapidly becoming an essential part of modern warfare. They can be either remotely controlled, semi-autonomous, or fully autonomous. Increasing terrorism and natural disasters are leading to an increase in the number of rescue operations carried out each year. It is, in fact, has served for the good of the market.
Market Drivers and Restraints:
Significant factors that drive the Latin American Unmanned Aerial Vehicle Market forward are:
The factors holding the Latin America Unmanned Aerial Vehicle (UAV) Market back include:
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REPORT METRIC |
DETAILS |
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Market Size Available |
2021 – 2026 |
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Base Year |
2020 |
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Forecast Period |
2021- 2026 |
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CAGR |
5% |
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Segments Covered |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
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Market Leaders Profiled |
The Boeing Company, Sz DJI Technology, Aerovironment Inc., Lockheed Martin Corporation, Elbit Systems Limited, BAE Systems, Northrop Grumman Corporation, General Atomics, Parrot Drones SA, Thales SA, Airbus SE, Microdrones GmbH. |
Market Segmentation:
On the basis of application, The UAV market was segmented into the military, industrial, government and law enforcement, and consumer sectors. The commercial segment of the UAV market is projected to grow at the highest CAGR from 2021 to 2026. This rise can be due to the increased adoption of UAVs for various commercial applications, such as product delivery, tracking, surveying, mapping, and remote sensing.
The small UAV segment is expected to grow at the highest CAGR during the forecast period, due to the demand for surveillance and reconnaissance applications from the defense sector. The need for small UAVs from the commercial sector is also increasing, as these UAVs are used in precision agriculture, logistics & transport, wildlife surveys, search & rescue operations.
Latin America Unmanned Aerial Vehicle (UAV) Market is geographically segmented into the regions of
And the rest of Latin America. The advancements in the design of drones, increasing terrorist attacks, and commercial applications are driving the demand for these UAVs across all the regions of Latin America.
Leading Key Players covered in this research report are:
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 UAV Size
5.1.1 Introduction
5.1.2 Small UAV
5.1.3 Medium UAV
5.1.4 Large UAV
5.1.5 Y-o-Y Growth Analysis, By UAV Size
5.1.6 Market Attractiveness Analysis, By UAV Size
5.1.7 Market Share Analysis, By UAV Size
5.2 Application
5.2.1 Introduction
5.2.2 Military
5.2.3 Civil
5.2.4 Commercial
5.2.5 Y-o-Y Growth Analysis, By Application
5.2.6 Market Attractiveness Analysis, By Application
5.2.7 Market Share Analysis, By Application
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By UAV Size
6.1.3.3 By Application
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By UAV Size
6.1.4.3 By Application
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By UAV Size
6.1.5.3 By Application
6.2 Brazil
6.3 Mexico
6.4 Rest of Latin America
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 DJI
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Aerovironment Inc.
8.3 BAE Systems
8.4 Northrop Grumman Corporation
8.5 Elbit Systems Ltd
8.6 General Atomics
8.7 Parrot Drones SA
8.8 Israel Aerospace Industries Ltd
8.9 Thales SA
8.10 Airbus SE
9.Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
