Forecasts of the lack of demand for unmanned combat aerial vehicles (UCAVs) have been greatly exaggerated. That is, at least according to a 152-page market report from Visiongain. The report, “Unmanned Combat Aerial Vehicle (UCAV) Market Report 2018-2028,” predicts that the global UCAV market is expected to reach $3.8 billion in 2018. The study breaks down forecasts in terms of different types of unmanned aerial vehicles, such as long-range UCAVs, medium-range UCAVs, and tactical UCAVs, as well as by country. It includes analyses of the leading companies supplying UCAVs as well as the types of technologies used in these unmanned aircraft..
A number of different countries are expected to boost their investments in air warfare capabilities over the time period studied, accounting for the faster-than-expected market growth in this tactical technology. For the period from 2018 through 2028, the demand for UCAVs is expected to grow at a steady pace as political and regional tensions rise and the need for increased aerial tactical strength grows as well. The report sees this especially being the case for China, with a strong buildup in naval capabilities, as well as in India, which is attempting to procure additional UCAVs to strengthen its military capabilities.
The market study provides tables, charts, and graphs to explain the developing trends in UCAV procurement. It also highlights the market growth in nine leading national markets, including Russia and China. Finally, it profiles the top 10 companies in the UCAV market, among them BAE Systems, Boeing, Northrop Grumman, Dassault Aviation, Kratos Solutions, and Israel Aerospace Industries Ltd.
