Small vendors in the market space to engage in partnerships and collaborations.
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five vendors for the global unmanned combat aerial unmanned vehicle market in their latest research report. This report also lists four other prominent vendors who are expected to contribute to this market’s growth between 2017-2021.
Competitive vendor landscape
The global market for unmanned combat aerial vehicle is highly competitive in nature. The market is characterized by the presence of prominent players competing to augment their market share. The growing implementation of stringent safety and regulatory norms along with the need for superior investments is anticipated to restrict the entry of new players in the market during the forecast period. Furthermore, the emergence of alternative powered UAVs is likely to bring significant competitive changes in terms of manufacturing of components during the forecast period.
According to Moutushi Saha, a lead analyst at Technavio for research on defense, “Companies with superior technical and financial resources have the capability to bring about significant changes in existing payloads and subsystems. Such developments can help them realize the development costs in shorter development cycle time. Similarly, small companies can establish collaborations to compete with the existing prominent vendors.”
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Top five vendors in the unmanned combat aerial vehicle market space
BAE Systems
BAE Systems was founded followed by a merger between the defense arm of General Electric, Marconi Electronic Systems. It operates in 40 countries globally. As of FY2016, the company has a recorded net revenue of around USD 26 billion.
Key products: Taranis.
Boeing
Boeing, along with its subsidiaries, engages in aerospace and defense businesses across the world. It supports airlines of the US and allied government customers in more than 150 countries. The company reported net revenue of almost USD 95 billion in FY2016.
Key products: Phantom Ray.
General Atomics Aeronautical Systems (GA-ASI)
GA-ASI designs and develops UCAVs, remotely piloted aircraft (RPA) systems such as Sea Avengers, radars, and electro-optic and related mission systems solutions. In 2016, the US Army awarded a contract to General Atomics to provide four MQ-1C Gray Eagle reconnaissance and attack drones. By 2018, the modified MQ-9 Reaper is expected to enter into service with the RAF, UK.
Key products: MQ-9 Reaper and Predator C Avenger.
Israel Aerospace Industries (IAI)
IAI provides missiles and loitering weapons, satellites and space systems, defense systems, special mission and early warning aircraft, unmanned aerial systems, radar and ELINT, passengers to freighter aircraft conversions, command and control strategic systems, cyber solutions, and robotics.
Key products: IAI Harop.
Northrop Grumman
Northrop Grumman offers products, systems, and solutions in electronics, aerospace, information systems, and technical service areas. It offers its products to the commercial and government customers. The company reported total revenue of $almost USD 25 billion in FY2016.
Key products: X-47B.
A more detailed analysis is available in the Technavio report, Global Unmanned Combat Aerial Vehicle Market 2017-2021. Technavio also customizes reports by other regions and specific segments upon request.
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