Market Share of Military Unmanned Aerial Vehicles Industry
Some prominent players in the military unmanned aerial vehicles market are Israel Aerospace Industries Ltd, General Atomics, China Aerospace Science, Technology Corporation, AeroVironment, Inc., and Elbit Systems Ltd. The market is highly fragmented due to the presence of many local players funded by the governments of the respective countries for the indigenous developments of UAVs for the military sector. Players are trying to expand their presence and product portfolio by adopting different strategies and investing strategically in key markets to increase their market shares. The development of new UAV payloads that help in increasing the effectiveness of drones. Several UAV manufacturers are developing newer-generation military UAVs with advanced payloads to aid in several combat and non-combat missions. Players are also entering into partnerships with other players, which may facilitate technology transfer and help reduce development times.
Military Unmanned Aerial Vehicles Market Leaders
Israel Aerospace Industries Ltd.
General Atomics
China Aerospace Science, and Technology Corporation
AeroVironment, Inc.
Elbit Systems Ltd.
*Disclaimer: Major Players sorted in no particular order
