Latin America Commercial Uav Market Size & Outlook
The commercial uav market in Latin America is expected to reach a projected revenue of US$ 3,509.7 million by 2030. A compound annual growth rate of 21% is expected of Latin America commercial uav market from 2024 to 2030.
- Enterprise Technology & Automation
- Industrial Automation & Frontier Technologies
- Commercial UAV Market Outlook
- Industrial Automation & Frontier Technologies
Revenue, 2023 (US$M)
$923.4
Forecast, 2030 (US$M)
$3,509.7
CAGR, 2024 - 2030
21.0%
Report Coverage
Latin America
Latin America Commercial Uav Market, 2018-2030 (US$M)
Global Market
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Latin America commercial uav market highlights
- The Latin America commercial uav market generated a revenue of USD 923.4 million in 2023.
- The market is expected to grow at a CAGR of 21% from 2024 to 2030.
- In terms of segment, rotary blade uav was the largest revenue generating product in 2023.
- Hybrid UAV is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 923.4 million |
| Market revenue in 2030 | USD 3,509.7 million |
| Growth rate | 21% (CAGR from 2023 to 2030) |
| Largest segment | Rotary blade uav |
| Fastest growing segment | Hybrid UAV |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fixed wing UAV, Rotary blade UAV, Hybrid UAV, Nano UAV |
| Key market players worldwide | AeroVironment Inc, Boeing Co, BAE Systems PLC, Draganfly Inc Ordinary Shares, EHang Holdings Ltd ADR, Elbit Systems Ltd, General Dynamics Corp, Parrot SA, Textron Inc |
Other key industry trends
- In terms of revenue, Latin America region accounted for 7.7% of the global commercial uav market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 13,704.4 million by 2030.
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Commercial UAV Market Scope
Commercial UAV Market segmentation & scope
Commercial UAV Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Textron Inc | View profile | 35,000 | 40 Westminster Street, Providence, RI, United States, 02903 | www.textron.com |
| Elbit Systems Ltd | View profile | 18,984 | Advanced Technology Center, P.O. Box 539, Haifa, Israel, 3100401 | www.elbitsystems.com |
| BAE Systems PLC | View profile | 99,800 | 6 Carlton Gardens, Stirling Square, London, United Kingdom, SW1Y 5AD | www.baesystems.com |
| Boeing Co | View profile | 171,000 | 929 Long Bridge Drive, Arlington, VA, United States, 22202 | www.boeing.com |
| General Dynamics Corp | View profile | 111,600 | 11011 Sunset Hills Road, Reston, VA, United States, 20190 | www.gd.com |
| Parrot SA | View profile | 404 | 174 quai de Jemmapes, Paris, France, 75010 | www.parrot.com |
| AeroVironment Inc | View profile | 1,279 | 241 18th Street South, Suite 415, Arlington, VA, United States, 22202 | www.avinc.com |
| Draganfly Inc Ordinary Shares | View profile | 54 | 235 103rd Street East, Saskatoon, SK, Canada, S7N 1Y8 | www.draganfly.com |
| EHang Holdings Ltd ADR | View profile | 367 | No. 29 Bishan boulevard, EHang Technology Park, Floor 11, Building One, Huangpu District, Guangzhou, China, People's Republic of, 510700 | www.ehang.com |
Latin America Commercial UAV Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Commercial UAV Market Outlook will help companies and investors design strategic landscapes.
Rotary Blade Uav was the largest segment with a revenue share of 68.37% in 2023.
Horizon Databook has segmented the Latin America commercial uav market based on fixed wing uav, rotary blade uav, hybrid uav, nano uav covering the revenue growth of each sub-segment from 2018 to 2030.
- Latin America Commercial Uav Market Product Outlook (Revenue, USD Million , 2018-2030)
- Fixed wing UAV
- Rotary blade UAV
- Hybrid UAV
- Nano UAV
- Latin America Commercial Uav Market Application Outlook (Revenue, USD Million , 2018-2030)
- Agriculture
- Retail
- Energy
- Media & Entertainment
- Construction
- Government
- Others
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America Commercial UAV Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Latin America Commercial UAV Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Latin America Commercial Uav Market, 2018-2030 (US$M)
Latin America commercial uav market statistics, by product, 2018-2030 (US$M)
