LATIN AMERICA UNMANNED AERIAL VEHICLE MARKET 2021-2028

Aerospace & Defense | Aviation

LATIN AMERICA UNMANNED AERIAL VEHICLE MARKET 2021-2028

Market by UAV Size, End-use, and Country | Forecast 2021-2028

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A study by Triton Market Research has concluded that the unmanned aerial vehicle market in Latin America is likely to progress with a CAGR of 8.23% over the forecasting years between 2021 and 2028.


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The countries studied in this market include:

•           Brazil

•           Mexico

•           Rest of Latin America countries

Brazil dominates the unmanned aerial vehicle market in the region. Companies located here are trying to bring innovations in the field of drones. For instance, São Paulo-based iFood, saw an opportunity to distribute food by bikes and scooters, and thus, a giant was born. In September 2020, the company announced that it would team up with a UAV company SpeedBird Aero, to expedite certain routes in its distribution network.

Speedbird has designed a simple system that helps the drone bring food from one side of the city to another in short flights. This flight can be performed in BVLOS conditions, and has received approval from the Civil Aviation National Agency. This shows that the Brazilian market will grow significantly in the coming years.

On the other hand, Mexico is the second-largest economy in Latin America and also has the second-highest population. Drones are largely being adopted in the country. The commercial drone industry in Mexico is characterized not only by more use and consumption, but also by the growing preference for the nation to become a venue for manufacturing drones and UAVs.

Textron Inc mainly operates aircraft, defense, industrial, and finance businesses across the globe. The company's Aviation segment is involved in manufacturing and commercializing business jets, military trainers, piston engines, turboprops, and defense aircraft; it also provides maintenance and repair services.

The Bell segment offers commercial as well as military helicopters. The System segment offers unmanned, marine, and land systems as well as other defense & aviation mission support products and systems. The increase in demand for precision weapons in the domestic as well as international market has given the company an opportunity to grow its base.

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Table of Content

1. LATIN AMERICA UNMANNED AERIAL VEHICLE MARKET – SUMMARY

2. INDUSTRY OUTLOOK

2.1. IMPACT OF COVID-19 ON THE UNMANNED AERIAL VEHICLE INDUSTRY

2.2. KEY INSIGHTS

2.2.1. USAGE OF UAVs IN BVLOS RANGE APPLICATIONS

2.2.2. NUMEROUS OPPORTUNITIES FOR GROWTH OF THE UAV MARKET IN DIFFERENT REGIONS

2.3. PARENT MARKET ANALYSIS: UNMANNED VEHICLE MARKET

2.4. PORTER’S FIVE FORCES ANALYSIS

2.4.1. THREAT OF NEW ENTRANTS

2.4.2. THREAT OF SUBSTITUTE

2.4.3. BARGAINING POWER OF BUYERS

2.4.4. BARGAINING POWER OF SUPPLIERS

2.4.5. THREAT OF COMPETITIVE RIVALRY

2.5. MARKET ATTRACTIVENESS INDEX

2.6. VENDOR SCORECARD

2.7. KEY IMPACT ANALYSIS

2.8. KEY MARKET STRATEGIES

2.8.1. ACQUISITIONS

2.8.2. PRODUCT LAUNCHES

2.8.3. CONTRACTS & PARTNERSHIPS

2.8.4. BUSINESS EXPANSIONS 

2.9. MARKET DRIVERS

2.9.1. VARIED APPLICATIONS OF UAVs, SPECIFICALLY FOR COMMERCIAL PURPOSES

2.9.2. PROVISION OF AN AERIAL REMOTE SENSING PLATFORM IN UAVs

2.10. MARKET CHALLENGES

2.10.1. STRINGENT REGULATORY POLICIES AND PREVALENCE OF POLICIES & PROCEDURAL ISSUES WITH UAVs

2.10.2. ISSUES WITH ACCEPTABILITY

2.10.3. LACK OF EXPERIENCED PERSONNEL

2.11. MARKET OPPORTUNITIES

2.11.1. INCREASE IN WORLDWIDE DEFENSE BUDGETS

2.11.2. ANTITERRORISM CAPABILITIES OF UAVs

3. LATIN AMERICA UNMANNED AERIAL VEHICLE MARKET OUTLOOK – BY UAV SIZE

3.1. SMALL UAV

3.1.1. FIXED WING

3.1.2. ROTARY

3.2. LARGE UAV

3.2.1. STRATEGIC

3.2.2. TACTICAL

3.2.3. SPECIAL PURPOSE

4. LATIN AMERICA UNMANNED AERIAL VEHICLE MARKET OUTLOOK – BY END-USE

4.1. COMMERCIAL

4.1.1. HOBBYIST

4.1.2. INFRASTRUCTURE

4.1.3. TRANSPORT

4.1.4. INSURANCE

4.1.5. MEDIA AND ENTERTAINMENT

4.1.6. TELECOMMUNICATION

4.1.7. AGRICULTURE

4.1.8. MINING

4.1.9. OIL AND GAS

4.1.10. ENVIRONMENTAL

4.2. MILITARY

4.2.1. ISR

4.2.2. COMBAT TARGETING

4.3. HOMELAND SECURITY

4.3.1. BORDER SECURITY & SURVEILLANCE

4.3.2. POLICE INVESTIGATION

4.3.3. TRAFFIC MONITORING

4.3.4. SEARCH & RESCUE

4.3.5. DISASTER MANAGEMENT

5. LATIN AMERICA UNMANNED AERIAL VEHICLE MARKET – REGIONAL OUTLOOK

5.1. BRAZIL

5.2. MEXICO

5.3. REST OF LATIN AMERICA

6. COMPETITIVE LANDSCAPE

6.1. 3D ROBOTICS INC

6.2. AEROVIRONMENT INC

6.3. BAE SYSTEMS INC

6.4. ELBIT SYSTEMS LTD

6.5. GENERAL ATOMICS AERONAUTICAL SYSTEMS INC

6.6. ISRAEL AEROSPACE INDUSTRIES

6.7. LOCKHEED MARTIN CORPORATION

6.8. NORTHROP GRUMMAN CORPORATION

6.9. PARROT SA

6.10. SAAB AB

6.11. SZ DJI TECHNOLOGY CO LTD

6.12. TEXTRON INC

6.13. THALES GROUP

6.14. THE BOEING COMPANY

7. RESEARCH METHODOLOGY & SCOPE

7.1. RESEARCH SCOPE & DELIVERABLES

7.2. SOURCES OF DATA

7.3. RESEARCH METHODOLOGY

List of Tables

TABLE 1: LATIN AMERICA UNMANNED AERIAL VEHICLE MARKET, BY GEOGRAPHY, 2021-2028 (IN $ MILLION)          

TABLE 2: VENDOR SCORECARD        

TABLE 3: TOP 20 COUNTRIES WITH LEADING DEFENSE BUDGET IN 2020 (IN $ BILLION)

TABLE 4: KEY COUNTRIES ADVERSELY AFFECTED BY TERRORISM IN 2019          

TABLE 6: LATIN AMERICA UNMANNED AERIAL VEHICLE MARKET, BY UAV SIZE, 2021-2028 (IN $ MILLION)

TABLE 7: LATIN AMERICA UNMANNED AERIAL VEHICLE MARKET, BY SMALL UAV, 2021-2028 (IN $ MILLION)          

TABLE 8: LATIN AMERICA UNMANNED AERIAL VEHICLE MARKET, BY LARGE UAV, 2021-2028 (IN $ MILLION)

TABLE 9: LATIN AMERICA UNMANNED AERIAL VEHICLE MARKET, BY END-USE, 2021-2028 (IN $ MILLION)        

TABLE 10: LATIN AMERICA UNMANNED AERIAL VEHICLE MARKET, BY COMMERCIAL, 2021-2028 (IN $ MILLION)

TABLE 11: LATIN AMERICA UNMANNED AERIAL VEHICLE MARKET, BY MILITARY, 2021-2028 (IN $ MILLION)

TABLE 12: LATIN AMERICA UNMANNED AERIAL VEHICLE MARKET, BY HOMELAND SECURITY, 2021-2028 (IN $ MILLION)

TABLE 13: LATIN AMERICA UNMANNED AERIAL VEHICLE MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)                     

List of Figures

FIGURE 1: MARKET ATTRACTIVENESS INDEX       

FIGURE 2: KEY IMPACT ANALYSIS     

FIGURE 3: LATIN AMERICA UNMANNED AERIAL VEHICLE MARKET, BY UAV SIZE, 2020 & 2028 (IN %)

FIGURE 4: LATIN AMERICA UNMANNED AERIAL VEHICLE MARKET, BY SMALL UAV, 2021-2028 (IN $ MILLION)          

FIGURE 5: LATIN AMERICA UNMANNED AERIAL VEHICLE MARKET, BY SMALL UAV, 2020 & 2028 (IN %)  

FIGURE 6: LATIN AMERICA UNMANNED AERIAL VEHICLE MARKET, BY FIXED WING, 2021-2028 (IN $ MILLION)          

FIGURE 7: LATIN AMERICA UNMANNED AERIAL VEHICLE MARKET, BY ROTARY, 2021-2028 (IN $ MILLION)        

FIGURE 8: LATIN AMERICA UNMANNED AERIAL VEHICLE MARKET, BY LARGE UAV, 2021-2028 (IN $ MILLION)          

FIGURE 9: LATIN AMERICA UNMANNED AERIAL VEHICLE MARKET, BY LARGE UAV, 2020 & 2028 (IN %)  

FIGURE 10: LATIN AMERICA UNMANNED AERIAL VEHICLE MARKET, BY STRATEGIC, 2021-2028 (IN $ MILLION)          

FIGURE 11: LATIN AMERICA UNMANNED AERIAL VEHICLE MARKET, BY TACTICAL, 2021-2028 (IN $ MILLION)          

FIGURE 12: LATIN AMERICA UNMANNED AERIAL VEHICLE MARKET, BY SPECIAL PURPOSE, 2021-2028 (IN $ MILLION)

FIGURE 13: LATIN AMERICA UNMANNED AERIAL VEHICLE MARKET, BY END-USE, 2020 & 2028 (IN %)

FIGURE 14: LATIN AMERICA UNMANNED AERIAL VEHICLE MARKET, BY COMMERCIAL, 2021-2028 (IN $ MILLION)

FIGURE 15: LATIN AMERICA UNMANNED AERIAL VEHICLE MARKET, BY COMMERCIAL, 2020 & 2028 (IN %)          

FIGURE 16: LATIN AMERICA UNMANNED AERIAL VEHICLE MARKET, BY HOBBYIST, 2021-2028 (IN $ MILLION)          

FIGURE 17: LATIN AMERICA UNMANNED AERIAL VEHICLE MARKET, BY INFRASTRUCTURE, 2021-2028 (IN $ MILLION)

FIGURE 18: LATIN AMERICA UNMANNED AERIAL VEHICLE MARKET, BY TRANSPORT, 2021-2028 (IN $ MILLION)          

FIGURE 19: LATIN AMERICA UNMANNED AERIAL VEHICLE MARKET, BY INSURANCE, 2021-2028 (IN $ MILLION)          

FIGURE 20: LATIN AMERICA UNMANNED AERIAL VEHICLE MARKET, BY MEDIA AND ENTERTAINMENT, 2021-2028 (IN $ MILLION)

FIGURE 21: LATIN AMERICA UNMANNED AERIAL VEHICLE MARKET, BY TELECOMMUNICATION, 2021-2028 (IN $ MILLION) 

FIGURE 22: LATIN AMERICA UNMANNED AERIAL VEHICLE MARKET, BY AGRICULTURE, 2021-2028 (IN $ MILLION)

FIGURE 23: LATIN AMERICA UNMANNED AERIAL VEHICLE MARKET, BY MINING, 2021-2028 (IN $ MILLION)        

FIGURE 24: LATIN AMERICA UNMANNED AERIAL VEHICLE MARKET, BY OIL AND GAS, 2021-2028 (IN $ MILLION)          

FIGURE 25: LATIN AMERICA UNMANNED AERIAL VEHICLE MARKET, BY ENVIRONMENTAL, 2021-2028 (IN $ MILLION)

FIGURE 26: LATIN AMERICA UNMANNED AERIAL VEHICLE MARKET, BY MILITARY, 2021-2028 (IN $ MILLION)          

FIGURE 27: LATIN AMERICA UNMANNED AERIAL VEHICLE MARKET, BY MILITARY, 2020 & 2028 (IN %)  

FIGURE 28: LATIN AMERICA UNMANNED AERIAL VEHICLE MARKET, BY ISR, 2021-2028 (IN $ MILLION)      

FIGURE 29: LATIN AMERICA UNMANNED AERIAL VEHICLE MARKET, BY COMBAT TARGETING, 2021-2028 (IN $ MILLION)          

FIGURE 30: LATIN AMERICA UNMANNED AERIAL VEHICLE MARKET, BY HOMELAND SECURITY, 2021-2028 (IN $ MILLION)  

FIGURE 31: LATIN AMERICA UNMANNED AERIAL VEHICLE MARKET, BY HOMELAND SECURITY, 2020 & 2028 (IN %)  

FIGURE 32: LATIN AMERICA UNMANNED AERIAL VEHICLE MARKET, BY BORDER SECURITY & SURVEILLANCE, 2021-2028 (IN $ MILLION)

FIGURE 33: LATIN AMERICA UNMANNED AERIAL VEHICLE MARKET, BY POLICE INVESTIGATION, 2021-2028 (IN $ MILLION)   

FIGURE 34: LATIN AMERICA UNMANNED AERIAL VEHICLE MARKET, BY TRAFFIC MONITORING, 2021-2028 (IN $ MILLION)        

FIGURE 35: LATIN AMERICA UNMANNED AERIAL VEHICLE MARKET, BY SEARCH & RESCUE, 2021-2028 (IN $ MILLION)     

FIGURE 36: LATIN AMERICA UNMANNED AERIAL VEHICLE MARKET, BY DISASTER MANAGEMENT, 2021-2028 (IN $ MILLION)     

FIGURE 37: LATIN AMERICA UNMANNED AERIAL VEHICLE MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)

FIGURE 38: BRAZIL UNMANNED AERIAL VEHICLE MARKET 2021-2028 (IN $ MILLION)      

FIGURE 39: MEXICO UNMANNED AERIAL VEHICLE MARKET 2021-2028 (IN $ MILLION)     

FIGURE 40: REST OF LATIN AMERICA UNMANNED AERIAL VEHICLE MARKET 2021-2028 (IN $ MILLION)    

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