DUBLIN--(BUSINESS WIRE)--The "Global Military UAV Market 2018-2028" report has been added to ResearchAndMarkets.com's offering.
This report offers a detailed analysis of the industry, with market size forecasts covering the next ten years. This report will also analyze factors that influence demand for military UAV, key market trends, and challenges faced by industry participants.
The military UAV market is estimated to be valued at around US$12.2 billion in 2018, and is expected to grow at a CAGR of just over 4% to a value of about US$18 billion by 2028. Cumulatively, the global market for military UAV is projected to be valued at US$153 billion during the forecast period and is expected to be dominated by Asia Pacific followed by North America and Europe. The Asia Pacific region is projected to garner a share of around 35% of the total global military UAV market during 2018-2028.
In terms of segments, the military UAV market is split into six segments: UCAV, HALE, MALE, VTOL-UAV, TUAV and MUAV. The UCAVs and HALE UAVs are expected to account for about 39.4% and 22.9% of the military UAV market, respectively, followed by MALE UAVs, with a share of 17.7%.
Category-wise, UCAVs are anticipated to be the top segment in the global UAV market. The demand for UCAVs is expected to be driven by the need to strike targets whenever detected by the UAV's ISR equipment, thereby providing enhanced lethality for the military. The demand for UCAVs is also driven by innovations that utilize solar energy in this segment, thus reducing costs in terms of fuel consumption. Combat UAVs (UCAVs) are the next generation of unmanned platforms, capable of carrying weapon payloads and accomplishing offensive missions.
UCAV's will be followed by HALE and MALE UAV's, which will account for the second and third largest segments over the forecast period, with cumulative spending of around US$35 billion and US$27 billion respectively. Spending on VTOL-UAVs and TUAV's will be relatively low with projected cumulative investments of about US$13.6 billion and US$11 billion, respectively, during 2018-2028. MUAV's will account for the lowest spending in the UAV market with a cumulative spending of US$5.9 billion during the forecast period.
Companies Featured
- Israel Aerospace Industries
- EMT Ingenieurgesellschaft
- AAI Corporation
- BlueBird Aero Systems
- Singapore Technologies Aerospace
- Airbus
- Boeing
- General Atomics Aeronautical Systems Inc.
- AeroVironment
- Aeronautics Ltd.
- Elbit Systems Ltd.
- Northrop Grumman Corporation
- Dassault Aviation SA.
- Denel Dynamics
- Korea Aerospace Industries
- BAE Systems
- Saab
For more information about this report visit https://www.researchandmarkets.com/research/32rr49/global_military?w=4
