Market Size of Asia-Pacific Tactical UAV Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 5.11 Billion |
| Market Size (2029) | USD 8.96 Billion |
| CAGR (2024 - 2029) | 11.89 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Asia-Pacific Tactical UAV Market Analysis
The Asia-Pacific Tactical UAV Market size is estimated at USD 5.11 billion in 2024, and is expected to reach USD 8.96 billion by 2029, growing at a CAGR of 11.89% during the forecast period (2024-2029).
In recent years, there has been rapid growth in technological advancements and trends in unmanned systems. The introduction of newer-generation tactical UAVs and the growing demand for advanced unmanned solutions for various military operations drive the growth of the market. Several UAV manufacturers are developing next-generation tactical UAVs with an advanced payload of electro-optical or infrared sensors, with capabilities to transmit live video and other invaluable information that can empower troops. Recently, China unveiled an unidentified jet UAV and a tactical UAV designed for electronic warfare and countermeasure purposes.
Furthermore, growing defense expenditure from countries like China, India, Japan, and South Korea and growing adoption of advanced UAVs to improve defense capabilities boost the market growth across the region. Several countries in the region are developing their own tactical UAV capabilities. Due to the ongoing R&D efforts toward the development of indigenous, advanced tactical UAVs are projected to drive market growth in the region during the forecast period. Stringent government regulations on the usage of UAVs and the use of small drones for criminal activities hampers the market growth across the Asia-Pacific.
