The Global Unmanned Combat Aerial Vehicle (UCAV) Market - Key Opportunities to 2023 - ResearchAndMarkets.com

September 12, 2018
The “Global Unmanned Combat Aerial Vehicle Market - Segmented By Performance, Type and Geography - Market Trends, Opportunities and Challenges (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.The global unmanned combat aerial vehicles or UCAVs market is expected to register a CAGR close to 10% during the forecast period, 2018 to 2023.

The changing nature of advanced warfare is likely to drive the growth prospects for the global unmanned combat aerial vehicle (UCAV) market from 2017 to 2021.

Currently a total of 28 countries use unmanned combat aerial vehicles in active service, a number, which will go only higher as the years go by. 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 in the coming years.

Currently there are only a handful of countries, which possess this technology namely US of America, Israel, China, United Kingdom etc. The Unmanned Combat Aerial Vehicle Market has been growing at a tremendous pace, as is evidence by the large number of deals taking place in this sector.

Major Market Developments

Poalim and Israel aerospace industries announced strategic blockchain and cyber collaborationBAE Systems and Cranfield University developed dual-mode UAVs for armed forcesBAE Systems Australia got a USD 30 million contact from Royal Australian Navy to upgrade maritime satellite communications terminals in four yearsCompanies FeaturedGeneral Atomics Aeronautical SystemsDassault AviationBAE SystemsIsrael Aerospace IndustriesLockheed Martin Corp.Defence Research & Development OrganisationNorthrop GrummanNESCOMAirbusBoeingAurora Flight SciencesElbit Systems

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Related Topics:Military Unmanned Systems



SOURCE: Research and Markets

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PUB: 09/12/2018 08:16 AM/DISC: 09/12/2018 08:16 AM


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