“Global Military UAV market set to grow to US$8,250mn in 2018” says Visiongain report
31 August 2018
Visiongain has launched a new defence report Military Unmanned Aerial Vehicle Market Report : Forecasts & Analysis of Top Companies Leading Development of HALE, MALE, Small, Tactical & UCAV Systems Aisheng, Wing Loong, Falco, Eitan, Taranis, Avenger, TERN, Anka, Barracuda, Reaper, Predator, Orbiter, Aerostar, Scout, Searcher, Heron, Hermes, Nano, Raven, Zephyr, Sentinel, Global Hawk.
As per Visiongain analysis, the Military Unmanned Aerial Vehicles (UAV) Market is expected to reach US$8,250mn in 2018. The market for Military Unmanned Aerial Vehicles (UAV) is expected to witness growth of 6.9% over the forecast period 2018-2028 as the number of applications including surveillance, target tracking, Reconnaisance, Interdiction, Overwatch, etc is increasing. During the period 2018-2028, Military Unmanned Aerial Vehicles (UAV) demand will be growing at a steady rate owing to geopolitical rivalry and regional tension is increasing. Demand in emerging and strong national markets such as India, China and Russia will be strong, though economic growth fails to accelerate and the effects of oil price restraint and Western sanctions bite into the latter. Geopolitical rivalry and regional tension will demand more comprehensive surveillanceand strike capabilities in these markets, driving growth in the Military Unmanned Aerial Vehicles (UAV) market.
The 385 page report contains tables, charts and graphs that add visual analysis in order to explain developing trends within the Military Unmanned Aerial Vehicles (UAV) market. Visiongain provides market size and distribution forecasts for the period 2018-2028 for segmentation: HALE, MALE, UCAV, Tacitcal UAV, and Small UAVs, as well as being segmented by geography.
The comprehensive report offers market forecasts and analysis for the leading national markets, regional markets, and the rest of the world market. In addition, the report contains a dedicated
Leading companies featured in the report who are developing military radar systems include Northrop Grumman, Raytheon Company, Lockheed Martin, Rockwell Collins, BAE Systems, Saab AB, Thales Group, Airbus Group, Harris Corporation, and Israel Aerospace Industries Ltd.
This report defines the global UAV market as the sum of all national government spending on military unmanned aerial vehicle (UAV) systems. UAVs are defined within this report as being aircraft that do not carry onboard human operators and are either flown remotely by a pilot or autonomously by onboard computers. In the context of this report, these UAVs must exclusively be used for a military purpose such as but not limited to intelligence, surveillance and reconnaissance (ISR), intelligence, surveillance, target acquisition and reconnaissance (ISTAR), border surveillance, armed combat, logistics and target training.
This report splits the military unmanned aerial vehicle (UAV) market into five submarkets: High-Altitude Long Endurance (HALE), Medium Altitude Long Endurance (MALE), Small, Tactical, and Unmanned Combat Aerial Vehicle (UCAV).
UAVs can be referred to by many names across the sector. These include Drones, a term widely used by the public, Unmanned Aircraft Systems (UAS), which includes the unmanned aircraft and all equipment, network and personnel necessary to control the unmanned aircraft; as well as Remotely Piloted Aircraft (RPA) and Remotely Piloted Vehicles (RPV) which are terms more commonly associated with a military context. This report exclusively uses unmanned aerial vehicle or UAV to refer to the technology and sector examined within it.
This report does not include platforms bought by governments for uses other than those related to the military such as but not limited to weather tracking, energy infrastructure maintenance, and space exploration. Furthermore, while manned aircraft being modified to become unmanned is becoming an increasingly option, this report does not consider these units as they were not originally conceived or constructed as UAVs. Additionally, this report does not consider unmanned helicopters within its definition.
The intention of the report is to supply the reader with a full and complete understanding of the growth and financial prospects of the market as a whole as well as the submarket and national markets between the years 2018-2028 (inclusive). To this end, the report uses spending in 2017 as the base year, from which subsequent market values have been derived and forecast. The size of this market and its high growth potential means that the AGRs within it are generally stable and largely do not include dramatic divergences from the trendline.
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