Global Unmanned Combat Aerial Vehicle (UCAV) Market Report and Forecast 2024-2032

Global Unmanned Combat Aerial Vehicle (UCAV) Market Outlook

The global unmanned combat aerial vehicle (UCAV) market size is projected to expand at a CAGR of 8.1% between 2024 and 2032. The major drivers of the market include the growing demand for advanced weaponry and intelligent combat vehicles for civil and military uses and rapid technological advancements.

Key Trends in the Market

An unmanned combat aerial vehicle (UCAV), commonly known as a drone, is an aircraft without any human pilot, crew, or passengers on board. Unmanned combat aerial vehicles are guided autonomously or by remote control, or both, and carry several components like sensors, target designators, and electronic transmitters designed to interfere with or destroy enemy targets. These machines are primarily used in situations where the conditions are dangerous or unsuitable for human pilots.

• The increasing awareness about the various advantages associated with the utilisation of UCAVs is boosting the unmanned combat aerial vehicle (UCAV) market growth. Unmanned combat aerial vehicles can operate over greater range and remain airborne for extended periods of time, thus offering improved surveillance capability over manned aerial vehicles, helping target remote locations. The use of unmanned combat aerial vehicle facilitates real time intelligence, better surveillance, and enhanced precision, reducing collateral damages.

• UCAVs are smaller in size and cost less than one-third of a manned aircraft as various expensive components used for the safety of the pilots including cockpit glass, ejection seats, and life support system, among others are not installed in these vehicles. The absence of these expensive components lowers the manufacturing costs for UCAVs.

• The increased investments by various governments towards advanced weaponry to improve their military capabilities and protect their borders are expected to favour the market growth. With the adoption of unmanned combat aerial vehicles, countries can conduct military operations without risking lives of their pilots, ensuring better safety and reduced casualties.

Global Unmanned Combat Aerial Vehicle (UCAV) Market Analysis

Based on type, the market is segregated into high-altitude UCAV and medium-altitude UCAV. On the basis of wing type, the market is bifurcated into rotatory-wing and fixed-wing. By application, the market is divided into intelligence, target acquisition, surveillance, and reconnaissance, among others. Based on region, the unmanned combat aerial vehicle (UCAV) market segmentation includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global unmanned combat aerial vehicle market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

• Lockheed Martin Corporation

• Boeing Company

• Israel Aerospace Industries

• General Atomics Aeronautical Systems 

• AeroVironment Inc.

• Northrop Grumman 

• Textron Inc.

• BAE Systems

• Parrot Drone SAS

• Bluebird Aero Systems

• Others

Market Share by Application

The surveillance applications are anticipated to account for a significant unmanned combat aerial vehicle (UCAV) market share owing to the ability of the UCAVs to collect visual data through autonomous exploration and mapping. Besides real time intelligence, UCAVs also provide valuable information for planning and gather data across platforms while combining unique sets of information to reach decision making with precision, enhancing the efficiency of surveillance missions.

Market Share by Region

North America holds a significant market share, followed by the Asia Pacific region. Within North America, the United States is the highest contributor. The increasing expenditure by the government of the United States towards the defence sector is bolstering the unmanned combat aerial vehicle (UCAV) market demand. The rise in adoption of the UCAVs for disaster relief operations and surveillance in disturbed areas can be attributed to their efficient, lightweight, and cost-effective nature. The presence of supportive infrastructure is boosting the utilisation of UCAVs for various commercial applications including last-mile delivery of postal packages and medicines.

Competitive Landscape

Lockheed Martin Corporation is an American corporation formed by the  of Lockheed Corporation and Martin Marietta in March 1995. The company is headquartered in the Washington, D.C, United States and specialises in aerospace, arms, defence, information security, and technology corporation.

Boeing Company, headquartered in Virginia, United States, is an American multinational corporation formed by the merger of Pacific Aero product co. and Boeing Airplane company in 1997. Boeing is involved in the design, manufacture, and sale of airplanes, rotorcraft, rockets, satellites, telecommunications equipment, and missiles worldwide.

Israel Aerospace Industries, established in 1953, is Israel's major aerospace and aviation manufacturer. It specialises in producing aerial and astronautic systems for both military and civilian usage. IAI's main focus is engineering, aviation and electronics, though it also manufactures military systems for ground forces.

Other unmanned combat aerial vehicle (UCAV) market players include  General Atomics Aeronautical Systems, AeroVironment Inc., Northrop Grumman, Textron Inc., BAE Systems, Parrot Drone SAS, and Bluebird Aero Systems, among others.

Key Highlights of the Report