Military Unmanned Aircraft Systems Market Huge Growth Scope Witnessed Worldwide


Posted July 9, 2020 by bisrsrch

Why should an investor consider venturing into the military unmanned aircraft systems market, and what are the future growth opportunities?

 
The growing political tensions in the global arena has resulted in the development of new technologies to enhance the current inventory by military forces. Unmanned aerial systems is one of the major verticals in the military that is experiencing a significant growth. Unmanned Aircraft Systems (UAS) have rapidly become one of the primary military weapons for crucial lethal and non-lethal operations. UAS largely comprise unmanned aerial vehicle, the ground control station, and an operator. The UAV operator controls the UAV using a radio, cellular or satellite link from a remote location. GCS can be mobile, vehicle mounted, or stationary based on the application.

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UAVs are classified as Remotely Piloted Vehicles (RPVs) and automated drones based on their mode of operations. Unmanned aerial vehicles were first used during World War I where both the U.S. and France were working on the development of automatic aircraft. However, France was the one that developed an automatic airplane, Voisin BN3 biplane that has a range of XXkm. Moreover, the need for the development of unmanned aerial vehicles is perceived during the World War II due to huge losses occurred by the reconnaissance aircraft. Although the adoption of UAVs took long time as the technology was under research for a long time. However, unmanned aerial vehicles were first seen during 1973 during Vietnam War for reconnaissance operation.

Moreover, other countries also started exploring the UAV technologies. Over the years, UAVs are becoming more advanced with enhanced endurance and range. Since the 9/11 attacks, the U.S. has significantly increased the usage of UAVs primarily for inspection operation. However, there is a controversy as well, especially when the UAV operation results in civilian deaths.

UAVs come in numerous forms, each having its own application. For years, UAVs were used by individuals for aerial photography and videography. However, there are innumerable opportunities in different industries, and these opportunities need different take-off or launching mechanisms to achieve the desired output. Moreover, in defense industry, each UAV has its own application and each application require a different launch type to complete the task. The three primary types of drones based on the launching mechanism are fixed wing, rotary wing, and hybrid wing. The application determines which type of drone has to be used.

Military UAS are also classified based on applications. Certain UAVs are designed to carry out specific mission such as small drones for ISR and battlefield damage management. However, few UAVs can be used for multiple applications. The following table demonstrates the list of UAVs based on their application. Moreover, based on range, UAVs are classified as Visual Line of Sight (VLOS), Extended Visual Line of Sight (EVLOS), and Beyond Visual Line of Sight (BVLOS). During the forecast period, BVLOS acquires the highest market share with a value of $5.34 billion and growing with a CAGR of 29.05% during the forecasted period. The following figure illustrates the growth of global military unmanned aircraft systems, by range.

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Key Questions Answered in this Report

• Why should an investor consider venturing into the military unmanned aircraft systems market, and what are the future growth opportunities?
• For a new company looking to enter into the market, which areas could it focus upon to stay ahead of the competition?
• How do the existing market players function to improve their market positioning?
• Which companies have been actively involved in innovation through patent applications, and which products have witnessed maximum patent applications during the period 2010-2019?
• Which product and technology segment is expected to witness the maximum demand growth in the military unmanned aircraft systems market during 2019-2024 and how is their growth pattern across different regions and countries?
• Which are the key application areas in the military unmanned aircraft systems market?

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Categories Defense , News , Technology
Tags defense , military unmanned aircraft systems , military unmanned aircraft systems market
Last Updated July 9, 2020