Military Unmanned Aircraft Systems Market Drivers, Trends and Forecast to 2024


Posted December 15, 2020 by bisrsrch

The usage of military unmanned aircraft systems has been gaining traction owing to the rising need of sophisticated armed technology

 
UAVs are being used globally by the military forces across the world. UAVs have become pivotal forms of arsenal in all military forces due to their enhanced capabilities. It is being observed that military budgets for UAVs is growing due to advancement in UAV technologies.

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The strategies adopted by the key players in the global military unmanned aircraft systems market to gain a significant market share in the growing industry of military UAVs have been varying from product launches to acquisitions to partnerships, over time. The key developments and strategies segment provide comprehensive insights of the different market development activities that are currently being conducted by different key players in the industry to compete with each other directly. A company can lead the market and gain overall growth by adopting several strategies, such as introducing innovative products from time to time, improving the framework of its existing products, collaborating with other market leaders, and acquiring relatively weaker companies into its domain.

The strategy of launching new and innovative products is adopted by players, such as Airbus S.A.S, and Elbit Systems Ltd. to bring competitiveness in the market. Moreover, the market growth is further expected to attract the involvement of various companies across different segments of the value chain. The key players actively participating in the military unmanned aerial market are Airbus S.A.S, General Atomics Aeronautical Systems, Inc., Israel Aerospace Industries Inc., Lockheed Martin Corporation, and, Northrop Grumman Corporation, among others.

Industry analysis helps an organization to understand its position when compared to other organizations that offers similar services or products. Understanding the forces in the industry are a critical factor of effective planning. This chapter assists organizations to identify the opportunities and threats facing their businesses and emphasizing their resources on developing unique technologies that lead to a competitive advantage.

In the modern world, drones have a significant usage primarily for defense applications. Drones are used primarily for applications such as Intelligent, Surveillance, and Reconnaissance (ISR), Target Acquisition, battle damage management, search and rescue missions, combat operations, and delivery & transportation, among others.

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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.

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Issued By BIS RSRCH
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Categories News , Research , Technology
Tags military unmanned aircraft systems market
Last Updated December 15, 2020