Global Unmanned Defense Aerial Vehicle Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends

The unmanned defense aerial vehicle market consists of sales of unmanned aerial vehicles (UAV) and related services to defense. Unmanned aerial vehicles are drones and aircrafts with no onboard human and are guided autonomously. UAVs carry sensors, target designators, aircraft ordnance such as ATGMs, missiles, and bombs, or electronic transmitters that are designed to destroy enemy targets.

Global Unmanned Defense Aerial Vehicle Market Size And Drivers:

The global unmanned defense aerial vehicle market is expected grow from $6.9 billion in 2020 to $7.71 billion in 2021 at a compound annual growth rate (CAGR) of 11.7%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $18.76 billion in 2025 at a CAGR of 25%. Increasing spend on defense for unmanned technologies is predicted to contribute to the growth of unmanned defense aerial vehicle market during the forecast period.

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Trends In The Global Unmanned Defense Aerial Vehicle Market

The business expansion by key players operating in the industry is a leading trend in the unmanned defense aerial vehicle market. For instance, in December 2019, Turkish Aerospace Industries Inc. (TUSAS) opened a new office in National Science & Technology Park (NSTP) located in Pakistan. The company became the first Turkish entity to set up its operations in the country. TUSAS is Turkey’s main aerospace contractor engaged in designing, development, and manufacturing of military aircraft for Turkish Armed Forces (TSK). The product portfolio of the company includes Anka unmanned aerial vehicle (UAV), T129 ATAK attack helicopter, and Hürkus trainer and light combat aircraft. Hence, the business expansions by leading players are shaping the unmanned defense aerial vehicle market.

Global Unmanned Defense Aerial Vehicle Market Segments:
The global unmanned defense aerial vehicle market is further segmented –
By UAV Type: Multi Rotor, Single Rotor, Fixed Wing, Fixed Wing Hybrid VTOL
By Range: Visual Line of Sight (VLOS), Extended Visual Line of Sight (EVLOS), Beyond Line of Sight (BLOS)
By Technology: Remotely Operated, Semi-Autonomous, Fully-Autonomous
By Geography: The global unmanned defense aerial vehicle market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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Unmanned Defense Aerial Vehicle Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides unmanned defense aerial vehicle market overviews, analyzes and forecasts market size and growth for the global unmanned defense aerial vehicle market, unmanned defense aerial vehicle market share, unmanned defense aerial vehicle market players, unmanned defense aerial vehicle market segments and geographies, unmanned defense aerial vehicle market’s leading competitors’ revenues, profiles and market shares. The unmanned defense aerial vehicle market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.