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Unmanned Combat Aerial Vehicle Market - Growth, Trends, and Forecast (2019 - 2024)

  • ID: 4557769
  • Report
  • 105 pages
  • Mordor Intelligence
UP TO OFF
until Dec 31st 2019
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FEATURED COMPANIES

  • BAE Systems plc
  • BAYKAR
  • Dassault Aviation
  • Elbit Systems Ltd.
  • General Atomics
  • The Boeing Company
  • MORE
Market Overview

The unmanned combat aerial vehicle market is anticipated to grow at a CAGR of above 8% during the forecast period.
  • Drones were primarily utilized for the patrolling and reconnaissance. However, with the growing requirement and the increased risks involved in the operations, the existing UAVs are being armed and converted for the combat missions. This conversion of reconnaissance drones will propel the growth of the market during the forecast period.
  • The growing defense budgets and a large number of territorial disputes existing between the nations particularly in the Asia-Pacific and the Middle East & Africa is the major reason for the development of combat UAVs.
  • With the growing demand for combat drones, the companies and governments are investing in new and innovative UCAVs with advanced target detection and identification capabilities.
Scope of the Report

An unmanned combat aerial vehicle (UCAV) is an unmanned aerial vehicle (UAV) that usually carries combat payloads like missiles. These are generally surveillance and reconnaissance drones with combat payloads. The market of UCAV is segmented into Fixed-wing, Rotary-wing, and Others. The Others segment includes hybrid drones, suicide drones, and delta-wing structure combat drones.

Key Market Trends

Other Types Segment to Experience the Highest Growth During the Forecast Period

Other Types segment of the market currently has the highest share and is expected to register the highest CAGR during the forecast period. This is mainly due to the increase in investments into the development of delta wing and complex delta wing UCAVs with advanced combat capabilities and can fly at supersonic speeds. Countries like the US, India, China, Iran, Israel, and Russia among others have invested in such combat UAVs. China is currently utilizing stealth technology to unmanned platforms and unveiling more UCAV variants. The country has recently announced that the state-owned, China Academy of Aerospace Aerodynamics (CAAA) is currently developing Cai Hong 7, high-altitude UCAV. Similarly, Russia has unveiled the prototype of Okhotnik (Hunter) heavy unmanned aerial vehicle (UAV). Such developments in the UCAVs are expected to generate demand for this segment during the forecast period. Also, development and deployment of suicide drones are expected to boost the growth of the segment during the forecast period.

Asia-Pacific Region to Experience the Highest Growth During the Forecast Period

Asia Pacific region is anticipated to have the highest growth during the forecast period. This is majorly due to the increasing military spending of the countries in this region. The political tensions between the nations are the major reason for this increased military spending. The countries are investing in procurements of UAVs that have combat capabilities along with capabilities for intelligence, reconnaissance and surveillance (ISR) missions along their borders. For instance, in February 2019, Indian Air Force announced its plans to procure 54 Israeli HAROP loitering munitions system that can search, detect and attack time-critical and high-value mobile targets at land or sea. Also, the indigenous development of UCAVs by companies of Australia, China, and India is further propelling the growth of the market during the forecast period.

Competitive Landscape

The prominent players in the market of unmanned combat aerial vehicle are The Boeing Company, China Aerospace Science and Technology Corporation, General Atomics, Israel Aerospace Industries Ltd., and Lockheed Martin Corporation. The market is highly fragmented due to the presence of many local players that are funded by the government of the respective countries for indigenous development. Development of new UAV payloads that help in increasing the lethality of the drone with better target hitting capability will also support the growth of the UCAV market. The strategic investments by the key companies for expanding their global presence is expected to help them increase their market share.
Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • BAE Systems plc
  • BAYKAR
  • Dassault Aviation
  • Elbit Systems Ltd.
  • General Atomics
  • The Boeing Company
  • MORE
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Buyers/Consumers
4.4.2 Bargaining Power of Suppliers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 Altitude of Operation
5.1.1 Below 30,000 feet
5.1.2 Above 30,000 feet
5.2 Type
5.2.1 Fixed-wing
5.2.2 Rotary-wing
5.2.3 Other Types
5.3 Geography
5.3.1 North America
5.3.2 Europe
5.3.3 Asia-Pacific
5.3.4 Latin America
5.3.5 Middle East & Africa

6 COMPETITIVE LANDSCAPE
6.1 Market Share Analysis
6.2 Company Profiles
6.2.1 General Atomics
6.2.2 Dassault Aviation
6.2.3 BAE Systems plc
6.2.4 Israel Aerospace Industries Ltd.
6.2.5 China Aerospace Science and Technology Corporation
6.2.6 Lockheed Martin Corporation
6.2.7 Northrop Grumman Corporation
6.2.8 BAYKAR
6.2.9 The Boeing Company
6.2.10 Elbit Systems Ltd.
6.2.11 Kratos Defense and Security
6.2.12 BlueBird Aero Systems Ltd.

7 MARKET OPPORTUNITIES AND FUTURE TRENDS
Note: Product cover images may vary from those shown
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  • General Atomics
  • Dassault Aviation
  • BAE Systems plc
  • Israel Aerospace Industries Ltd.
  • China Aerospace Science and Technology Corporation
  • Lockheed Martin Corporation
  • Northrop Grumman Corporation
  • BAYKAR
  • The Boeing Company
  • Elbit Systems Ltd.
  • Kratos Defense and Security
  • BlueBird Aero Systems Ltd.
Note: Product cover images may vary from those shown
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