Press release
Small UAV Market 2018 Key Players: Israel Aerospace Industries Ltd., SAAB, Thales, Lockheed Marti and Aeronautics LTD
Description:
Small UAV -Global Market Status and Trend Report 2018-2021 offers a comprehensive analysis on Small UAV industry, standing on the readers’ perspective, delivering detailed market data and penetrating insights. No matter the client is industry insider, potential entrant or investor, the report will provides useful data and information.
The global small UAV market is expected to reach billion by 2021, to grow at a CAGR of around 7%. Small UAVs can mainly be classified as mini-UAV and micro-UAV. They are small enough to be carried and operated by a single person. During military operations, they can be launched as a portable air-defense system by infantrymen. The development of small UAVs mainly began in 1997, with Defense Advanced Research Projects Agency (DARPA's) multi-year USD 35 million project to develop micro air vehicles (MAVs).
As a part of the effort, and in collaboration with companies such as Lockheed Martin and Aerovironment, multiple micro UAVs were designed and developed. The relevance and cost-effective operation of these micro UAVs (mainly for military applications) led to its increased utilization and demand.
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The cost effectiveness and ease to acquire and operate these small UAVs in comparison to manned aircraft (and other larger UAVs) have led to the increase in demand from multiple segments such as military, industries, agriculture, and real estate. As of 2015, small UAVs are still largely being used by military in conflict regions throughout the world. However, the market growth rate for civil-commercial segment is much higher.
Major Key Players
The leading market players in the global small UAV market primarily include AeroVironment, Elbit Systems, Israel Aerospace Industries Ltd., SAAB, Thales, Lockheed Martin, Aeronautics Limited, and Northrop Grumman
The global Small UAV Market is expected to reach billion by 2021, to grow at a CAGR of around 7%.
Industry/ Innovation/ Related News:
September 19, 2017:- AeroVironment, announced that it has delivered M1/M2/M5-compatible Raven® and Puma™ AE unmanned aircraft systems (UAS) to two DoD customers, with more orders and deliveries scheduled. In addition, the company will begin taking orders in December 2017 for M1/M2/M5-configured Wasp® AE micro air vehicles (MAV) for delivery in spring 2018.
June 1, 2017 - Aero Vironment announced the selection of the Wasp AE small unmanned aircraft system by the Australian Defence Force (ADF). The ADF Indefinite Delivery/Indefinite Quantity (ID/IQ) contract calls for the delivery of Wasp AE systems over a three-year period, as well as training and logistics support for up to ten years, for a total AeroVironment contract value of up to USD 36.5 million.
January 13, 2016:- Saab will deliver three UAV systems to the Swedish Police. Each system comprises air vehicles equipped with day/night sensors and a ground station, plus spare parts, consumables, documentation, training and technical support. The contract will be in effect from 2016 to 2018.
September 16, 2015:- Thales’s new modular Watchkeeper X system reflects a growing need for high-end military-standard Intelligence, Surveillance, Target Acquisition and Reconnaissance (ISTAR) capability to wider markets. This modular Unmanned Aircraft System offers a range of options that can be adapted to specific operational resquirements. The versatile system is ideal for providing high-performance ISTAR over a wide range of air, land and maritime scenarios but can now also provide covert, rapid reaction to threats if required. Thales aims to deliver Watchkeeper X through collaboration with local industries and partnerships. This unique approach to unmanned aircrafts systems means that Thales can help to build a truly sovereign capability for our customers
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