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Unmanned Combat Aerial Vehicle (UCAV) Market Analysis Focusing Top Level Players AE Systems, General Atomics Aeronautical Systems, Boeing, Northrop Grumman, Israel Aerospace Industries, Denel Dynamics, Dassault Aviation, Lockheed Martin, and Elbit Systems

02-18-2019 10:51 AM CET | Politics, Law & Society

Press release from: Coherent Market Insights

Unmanned Combat Aerial Vehicle

Unmanned Combat Aerial Vehicle

Unmanned combat aerial vehicle (UCAV), also called as combat drones are used as missiles and other ordnance carriers that do not require the onboard human pilots for the control and operation of the drones. These are featured with remote, real time controlling from distant locations with varying levels of autonomy. Drones were primarily utilized for the patrolling and reconnaissance, however, with the growing requirement and the increased risks involved in the operations, these UAVs were armed and converted for the combat missions.

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Increased life threats in the low success rated missions, UCAVs are expected to find significant applications through the forecast period

These find significant applications for surveillance, artillery fire direction, gathering electronic intelligence (ELINT) data, lasing targets for fighter planes, and post-strike damage assessment. These critical missions have high risks associated with the human lives. Moreover, defense forces find these missions to be significantly important, are however, reluctant to face the loss of human lives. Moreover, utilization of these unmanned combat aerial vehicle also reduces the requirement of additional equipment required for the human pilots such as the cockpit space, ejection seat, flight controls, armor, and environmental controls for oxygen and pressure. This is expected to be the prominent factor driving the demand of these armed UAVs.

Requirement to establish military supremacy, sustain upper hand in the territorial disputed nations, and counter the extremist terrorist activities will drive the UCAV market

Incorporation of artificial intelligence in these drones and development of long range spy combat drones are few key market trends gaining global market traction

Medium-altitude UCAVs was the largest revenue contributor in 2016, is expected to remain the largest revenue contributor over the next few years

U.S. is expected to continue its dominance through 2025, primarily owing to the largest defense budget, increased focus on minimal troop casualties, minimize the financial wastage, and increased focus on the development of advanced airborne systems. Moreover the country is also featured with the presence of few major industry participants that include General Atomics, Boeing, Lockheed Martin, and Northrop Grumman among many others.

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Industry presence is highly fragmented owing to distributed presence of the major industry participants. Key players in the UCAV market include BAE Systems, General Atomics Aeronautical Systems, Boeing, Northrop Grumman, Israel Aerospace Industries, Denel Dynamics, Dassault Aviation, Lockheed Martin, and Elbit Systems.

About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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