North America is estimated to dominate the globe Unmanned Combat Aerial Vehicle (UCAV) market in the near future
North America is predicted to dominate the global Unmanned Combat Aerial Vehicle (UCAV) market in the near future. This can be attributed to the increase in demand for UAVs from homeland security, commercial areas, and the military sector. Also, the rise in the investment in the military industry is again driving the regional market growth. According to the Stockholm International Peace Research Institute, in 2019, the US military spending grew by 5.3%, thus, reaching USD 732 billion from USD 649 billion in 2018. The United States has the highest military spending in the world, and it accounted for 38% of the total global defense spending in 2019.
An unmanned combat aerial vehicle (UCAV), also known as unmanned aerial vehicles or combat UAV, is a fully-automated aircraft that is utilized for intelligence, surveillance, targeting, and reconnaissance by military or civilian operators and is flown by military personnel. UAVs are typically used in combat by the military to gather intelligence and more effectively strike their opponents. UAVs are also very useful when it comes to collecting weather information.
Multi-purpose UAVs are gaining demand from the defense sector as they are capable of providing better striking and surveillance capabilities. This is a major factor driving the growth of the Unmanned Combat Aerial Vehicle (UCAV) market. Moreover, increasing spending by the government across emerging economies such as India, China, and Brazil is also supporting the growth of the market. Rising technology advancement in the field of unmanned combat aerial vehicles is again fostering the growth of the Unmanned Combat Aerial Vehicle (UCAV) market. In March 2021, Kelley Aerospace, the company behind UAV, has officially launched the world’s first supersonic unmanned combat aerial vehicle (UCAV). It world’s first pilotless supersonic combat drone.
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In October 2020, British engineers have revealed some of the latest concepts under development for the Royal Air Force’s (RAF) next-generation combat air system. New radar technology delivers unparalleled data processing capability on the battlespace, equivalent to nine hours of HD video or the internet traffic of a large city every second
In October 2020, BAE Systems has been awarded an indefinite-delivery/indefinite-quantity contract to develop an attributable air vehicle system for the Skyborg program. The Skyborg program is intended to create a low-cost autonomous unmanned aerial vehicle that will partner with manned aircraft to increase air combat power
In June 2019, Airbus Defence and Space has embedded a software solution to develop an advanced Unmanned Aerial Vehicle (UAV) that will be engineered for speed, safety, and affordability
Frequently Asked Questions (FAQ) :
Is Unmanned Combat Aerial Vehicle (UCAV) Market Booming In Near Future?
Yes, Market Will Boom In Near Future
Which are the prominent Unmanned Combat Aerial Vehicle (UCAV) market players across the globe? Can I Add Specific Company?
Yes, You can add Specific Company upto 3 Companies.
Companies Covered as part of this study include: BAE Systems, General Atomics Aeronautical Systems, Boeing, Northrop Grumman, Israel Aerospace Industries, Denel Dynamics, Dassault Aviation, Lockheed Martin, and Elbit Systems.,
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