Global Unmanned Combat Aerial Vehicle Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Unmanned Combat Aerial Vehicle Market 2021 (Includes Business Impact of COVID-19)
Global Unmanned combat aerial vehicle Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights. The global unmanned combat aerial vehicle market report has been segmented on the basis of sensor type, application, and region.
Request Covid - 19 Impact

Global Unmanned Combat Aerial Vehicle Market: Overview


Unmanned combat aerial vehicle is a type of combat drone that carries various types of missiles and are mainly used for drone strikes. This vehicle contains various levels of autonomy and is commonly under human control in the real-time basis.  It is smaller in size as compared to the manned aircraft as operator operates the unmanned combat aerial vehicle from a remote station. Unmanned combat aerial vehicle is designed to carry out lethal strike missions. Unmanned combat aerial vehicle system demonstrates affordability for effectively engaging in combat using drones.


Global Unmanned Combat Aerial Vehicle Market: Dynamics


Increasing demand for unmanned combat aerial vehicles to carry out strike in life threatening areas without putting life of pilot at risk is a key factor driving growth of the global unmanned combat aerial vehicle market. In addition, growing use of unmanned arial vehicles for surveillance, data gathering, and lasing targets are some of the factors supporting growth of the global market. Increasing adoption of drones for precision guided munition from long distance and for surveillance and reconnaissance regional territories are also factors propelling growth of the target market. Furthermore, increasing investments for development of technologically advanced unmanned arial vehicles with high payload is a factor expected to boost growth of the global unmanned combat aerial vehicle market over the forecast period.

However, occurrence of computer malfunction is a factor that may hamper growth of the global unmanned combat aerial vehicle market. In addition, growing concerns regarding cybersecurity is another factor that could affect growth of the global market. Nevertheless, growing adoption of artificial intelligence in unmanned combat arial vehicles can create high revenue opportunities for players in the target market.


Global Unmanned Combat Aerial Vehicle Market: Segment Analysis


Among the type segments, the medium-altitude UCAVs segment is anticipated to account for significant share in terms of revenue. High demand for medium-altitude unmanned arial vehicle as it has high sustainability in the combat and is hard to detect are factors supporting growth of this segment in the target market.

Among the application type segments, the military segment is expected to account for major share in terms of revenue, and is expected to maintain its position over the forecast period. Increasing use of unmanned arial vehicles for intelligence, data gathering, surveillance, target identification, etc. is a factor anticipated to propel growth of this segment in the global market.


Global Unmanned Combat Aerial Vehicle Market: Regional Analysis


Currently, market in North America dominates in the global market in terms of revenue, and is expected to maintain its dominance over the forecast period. Presence of key players, and government initiatives in terms of high military budget are major factors are factors driving growth of the target market, especially in US, in this region. In addition, increasing investments for R&D activities in defense sector, coupled with high adoption of new technology are also factor supporting growth of the unmanned arial vehicle market in North America.

Global Unmanned Combat Aerial Vehicle Market Segmentation:

Segmentation by type:

  
High-altitude UCAVs
  
Medium-altitude UCAVs

Segmentation by application:

  
Military
  
Homeland Security
  
civil and commercial


Key Market Players included in the report:


  
AE Systems (United Kingdom)
  
AeroVironment Inc. (US)
  
Boeing (United States)
  
China Aerospace Science and Technology Corporation
  
Elbit Systems Ltd. (Israel)
  
General Atomics Aeronautical Systems (United States)
  
Israel Aerospace Industries (Israel)
  
Israel Aerospace Industries Ltd. (Israel)
  
Lockheed Martin Corporation (United States)
  
Northrop Grumman Corporation (US)
  
Parrot SA (France)
  
SZ DJI Technology Co.Ltd. (China)
  
Textron Inc. (United States) and AeroVironment Inc. (United States)
  
Thales Group (France)
  
The Boeing Company