UNMANNED COMBAT AERIAL VEHICLE MARKET ANALYSIS

Unmanned Combat Aerial Vehicle MarketSize and Trends

Unmanned combat aerial vehicle (UCAV), also called as combat drones are used as missiles and other ordnance carriers that do not require the onboard human pilots for the control and operation of the drones. These are featured with remote, real time controlling from distant locations with varying levels of autonomy. Drones were primarily utilized for the patrolling and reconnaissance, however, with the growing requirement and the increased risks involved in the operations, these UAVs were armed and converted for the combat missions.

Incorporation of artificial intelligence in these drones and development of long range spy combat drones are few key market trends gaining global market traction

In July 2017, U.S. Navy sent out proposals to four defense contractors to the General Atomics, Boeing, Lockheed Martin, and Northrop Grumman for modulated reconnaissance requirement while enhancing the proposed unmanned aircraft’s aerial tanking duties. UCAVs with long-ranged striking capabilities are incorporated with Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance (C4ISR) systems into airborne platforms, which are capable of deploying precision-guided munitions, bombs, and missiles. These factors are expected to drive the demands through the forecast period.

Medium-altitude UCAVs was the largest revenue contributor in 2016, is expected to remain the largest revenue contributor over the next few years

In conjunction with the growing requirement for multi-purpose drones, the defense agencies are increasingly emphasizing on the medium-altitude UCAVs development owing to better striking and surveillance capabilities, difficult detection, and high combat sustainability. Moreover, owing to these factors these are expected to dominate the industry through the forecast period.

Market Trends

Unmanned Combat Aerial Vehicles Market Taxonomy

On the basis of UCAV types, the global Unmanned Combat Aerial Vehicle (UCAV) Market is classified into:

• Medium-altitude UCAVs
• High-altitude UCAVs
• Others