Unmanned Combat Aerial Vehicle (UCAV) Market Growth Opportunities, Driving Factors by Manufacturers, Regions, Type and Application, Forecast Analysis to 2026

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

Large number of territorial disputes existing between the nations that specifically include the Asia Pacific and the MEA region are expected to fuel the overall demands for development and manufacture. Some of the chief countries involved in territorial disputes that utilize these drones for various operations include China, India, Iran, Israel, North Korea, Pakistan, Taiwan, and Turkey. Some of the major economies that utilize these operational armed drones include Egypt, France, Germany, Italy, Mexico, the Netherlands, UK and the U.S. These countries are increasingly focusing on the development of these UAVs for domestic warfare and counter-insurgency, which are extensively used to monitor disputed areas and enhance the country security at a lower cost. The changing nature of next generation warfare will propel the global unmanned combat aerial vehicle market over the coming years.

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

In conjunction with the growing requirement for multi-purpose drones, the defense agencies are increasingly emphasizing on the medium-altitude UCAVs development owing to better striking and surveillance capabilities, difficult detection, and high combat sustainability. Moreover, owing to these factors these are expected to dominate the industry through the forecast period.

Global Key Players:

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.

On the basis of UCAV types, the global discrete capacitors market is classified into:
• Medium-altitude UCAVs
• High-altitude UCAVs
• Others

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This release was published on openPR.