Military drones are generally utilized for the patrolling and reconnaissance, but due to the growing risks involved in national security, these UAVs are armed and converted for the combat. The combat UAVs have several applications such as artillery fire direction, gathering electronic intelligence (ELINT) data, lasing targets for fighter planes, and post-strike damage assessment and surveillance. Combat UAV are employed to carry aircraft artillery such as laser weapons, bombs, and missiles.
MARKET SCOPE
The "Global Combat UAV Market Analysis to 2028" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of the combat UAV market with detailed market segmentation by type, propulsion type, endurance, application, and geography. The report provides key statistics on the market status of the leading combat UAV market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- On the basis of type, the market is segmented as fixed wing, rotary wing.
- Based on propulsion type, the market is segmented into battery powered, fuel cell, hybrid cell.
- Based on endurance, the market is segmnted into less than 1-2 hours, 2-6 hours, more than 6 hours.
- Based on application, the market is segmented into intelligence surveillance and reconnaissance, combat operations, battle damage management, delivery and transportation.
MARKET DYNAMICS
Drivers:
- The changing nature of advanced warfare, growing adoption of unmanned technologies and increasing investments by private players in UAVs.
- The developed nations, such as the US, Russia, China, France, and the UK, are focusing on the development and manufacturing of unmanned aerial vehicle (UAVs) for counter-insurgency and domestic warfare.
- UAVs are featured with remote, real-time controlling from distant locations with varying levels of autonomy. Currently, more than 30 countries are using combat UAVs. Increasing territorial disputes between the nations such as the Asia Pacific and the MEA region are anticipated to fuel the demands for combat UAVs.
Restraints:
- Dearth of trained & qualified personnel for running combat unmanned aerial vehicles.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW). The combat UAV market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 17 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive porter's five forces analysis affecting the combat UAV market.
IMPACT OF COVID-19 ON COMBAT UAV MARKET
As a result of COVID-19 pandemic, many countries have implemented different control measures to prevent COVID-19 from spreading. Due to great reduction in production activities of drones/unmanned aerial vehicles across the globe and ban on supply chain, the market for combat drones faced adverse impact on its growth.
On the upside down, it is anticipated that with inclination toward contracts for drones are getting signed, the scope of reinforcing the development of combat UAV will rise once again. According to Global investment bank Canaccord Genuity projects, the drone ecosystem is projected to grow and would be benefitted from structural changes made by COVID-19 pandemic. Also, the key defense manufacturers are looking ahead to either roll-out or develop counter unmanned aerial vehicle systems to counter growing threats. In July 2020, Northrop Grumman's Forward Area Air Defence Command and Control system is selected by the US Department of Defence as an interim command & control system for the future counter-small unmanned aerial system procurements. Such alliances/contracts will help the market to regain its competencies globally.
MARKET PLAYERS
The report covers key developments in the combat UAV market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from combat UAV market are anticipated to lucrative growth opportunities in the future with the rising demand for combat UAV in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the combat UAV market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- AeroVironment, Inc.
- BAE Systems plc
- Elbit Systems Ltd.
- Israel Aerospace Industries or IAI
- Leonardo S. p. A.
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- Thales Group
- The Boeing Company
- Raytheon Technologies Company
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.