Latin America Commercial Uav Market Size & Outlook
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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 Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| 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 | https://www.ehang.com |
| Draganfly Inc Ordinary Shares | View profile | 54 | 235 103rd Street East, Saskatoon, SK, Canada, S7N 1Y8 | https://www.draganfly.com |
| AeroVironment Inc | View profile | 1279 | 241 18th Street South, Suite 415, Arlington, VA, United States, 22202 | https://www.avinc.com |
| Parrot SA | View profile | 404 | 174 quai de Jemmapes, Paris, France, 75010 | http://www.parrot.com |
| General Dynamics Corp | View profile | 111600 | 11011 Sunset Hills Road, Reston, VA, United States, 20190 | https://www.gd.com |
| Boeing Co | View profile | 171000 | 929 Long Bridge Drive, Arlington, VA, United States, 22202 | https://www.boeing.com |
| BAE Systems PLC | View profile | 99800 | 6 Carlton Gardens, Stirling Square, London, United Kingdom, SW1Y 5AD | https://www.baesystems.com |
| Elbit Systems Ltd | View profile | 18984 | Advanced Technology Center, P.O. Box 539, Haifa, Israel, 3100401 | https://www.elbitsystems.com |
| Textron Inc | View profile | 35000 | 40 Westminster Street, Providence, RI, United States, 02903 | https://www.textron.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 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.
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Our clientele includes a mix of commercial uav market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America commercial uav market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America commercial uav market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Latin America commercial uav market size, by country, 2018-2030 (US$M)
Latin America Commercial UAV Market Outlook Share, 2023 & 2030 (US$M)
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