Worldwide Tactical UAV Market Outlook to 2023 - Analysis by Application and Geography - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jan 21, 2019--The “Tactical UAV Market - Segmented by Application (Military, Law Enforcement, Other Applications) and Geography - Growth, Trends and Forecast (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.
The rising military expenditures are driving the subsidies into research & development in the unmanned systems, which is helping more efficient, capable UAVs to shape into existence.
There has been a gradual increase in the money spent to procure advanced unmanned systems from all the armies across the world. The global military expenditure experienced an increase of 1.1 % from 2016, to reach USD 1,739 billion in 2017, which is good news for the military tactical UAV market.
Increase in the demand for UAVs has brought about significant advancements in processor technology, which have enabled significant performance gains in ISR systems. The improvements in capability have also helped to bring about a standardized system-level architecture which helps to reduce cost and complexity in the manufacturing and operation of the tactical UAVs due to which the market of tactical UAVs is expected to grow at a CAGR of 19.18% during the forecast period.
Key HighlightsTechnological Innovations in Tactical UAVs Growing Demand for UAVs in Civil & Commercial Sectors Growing Use of UAVs in Military Operations
Companies ProfiledDJI Aeronautics Ltd. General Atomics BAYKAR BlueBird Aero Systems Elbit Systems Ltd. AeroVironment Inc. Israel Aerospace Industries (IAI) Boeing Safran Leonardo SpA Textron Inc. Lockheed Martin Corporation Northrop Grumman Saab
2. Research Methodology
3. Market Insights
4. Market Dynamics
5. Tactical UAV Market, Segmented by Application
6. Tactical UAV Market, Segmented by Geography
7. Competitive Landscape
8. Company Profiles
9. Future Market Outlook
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View source version on businesswire.com:https://www.businesswire.com/news/home/20190121005247/en/
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Related Topics:Unmanned Aerial Vehicles (UAVs) - Drones,Military Unmanned Systems
INDUSTRY KEYWORD: MANUFACTURING AEROSPACE DEFENSE OTHER DEFENSE
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 01/21/2019 09:36 AM/DISC: 01/21/2019 09:36 AM