Global Unmanned Combat Aerial Vehicle Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
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The Unmanned Combat Aerial Vehicle Market report has been segmented on the basis of sensor type, application, and region.
Unmanned Combat Aerial Vehicle Market: Overview
“The Unmanned Combat Aerial Vehicle Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
An unmanned combat aerial vehicle is a type of combat drone that carries various types of missiles and is mainly used for drone strikes.
This vehicle contains various levels of autonomy and is commonly under human control on a real-time basis. It is smaller in size compared to the manned aircraft as operator operates the unmanned combat aerial vehicle from a remote station.
An unmanned combat aerial vehicle is designed to carry out lethal strike missions. The unmanned combat aerial vehicle system demonstrates affordability for effectively engaging in combat using drones.
Unmanned Combat Aerial Vehicle Market: Dynamics
Increasing demand for unmanned combat aerial vehicles to carry out strikes in life-threatening areas without putting the life of pilots at risk is a key factor driving the growth of the global unmanned combat aerial vehicle market.
In addition, the growing use of unmanned aerial vehicles for surveillance, data gathering, and lasing targets are some of the factors supporting the growth of the global market.
Increasing adoption of drones for precision-guided munition from long distances and for surveillance and reconnaissance of regional territories are also factors propelling the growth of the target market.
Furthermore, increasing investments in the development of technologically advanced unmanned aerial vehicles with high payloads is a factor expected to boost the growth of the global unmanned combat aerial vehicle market over the forecast period.
However, the occurrence of computer malfunction is a factor that may hamper the growth of the global unmanned combat aerial vehicle market.
In addition, growing concerns regarding cybersecurity are another factor that could affect the growth of the global market. Nevertheless, the growing adoption of artificial intelligence in unmanned combat aerial vehicles can create high revenue opportunities for players in the target market.
Unmanned Combat Aerial Vehicle Market: Segment Analysis
Among the type segments, the medium-altitude UCAVs segment is anticipated to account for a significant share in terms of revenue.
High demand for medium-altitude unmanned Arial vehicle as it has high sustainability in combat and is hard to detect are factors supporting the growth of this segment in the target market.
Among the application type segments, the military segment is expected to account for a major share in terms of revenue and is expected to maintain its position over the forecast period.
The increasing use of unmanned aerial vehicles for intelligence, data gathering, surveillance, target identification, etc. is a factor anticipated to propel the growth of this segment in the global market.
Unmanned Combat Aerial Vehicle Market: Regional Analysis
Currently, the market in North America dominates the global market in terms of revenue and is expected to maintain its dominance over the forecast period.
The presence of key players and government initiatives in terms of high military budget are major factors are factors driving the growth of the target market, especially in the US, in this region.
In addition, increasing investments for R&D activities in the defense sector, coupled with high adoption of new technology is also factors supporting the growth of the unmanned aerial vehicle market in North America.
Unmanned Combat Aerial Vehicle Market Segmentation:
Segmentation by type:
- High-altitude UCAVs
- Medium-altitude UCAVs
Segmentation by application:
- Homeland Security
- civil and commercial
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- General Atomics Aeronautical Systems, Inc.
- BAE Systems plc
- Northrop Grumman Corporation
- The Boeing Company
- Denel Dynamics company
- Israel Aerospace Industries Ltd.
- Lockheed Martin Corporation
- Dassault Aviation SA
- Elbit Systems Ltd
- SZ DJI Technology Co., Ltd.
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