Market Share of Tactical UAV Industry
The market for tactical UAVs is fragmented, with several providers and UAVs that can be used for tactical and ISR missions. The key players in the market are The Boeing Company, Lockheed Martin Corporation, Northrop Grumman Corporation, Israel Aerospace Industries Ltd, and Textron Inc. These players are all major international companies trying to expand their presence and product portfolio by adopting different strategies.
Several UAV manufacturers are developing newer tactical UAVs with advanced payloads of electro-optical or infrared sensors and the capability to transmit live video and other invaluable information that can empower troops. For instance, in February 2024, Israel’s Elbit Systems unveiled the Hermes 650 Spark UAV. It delivers medium-altitude long-endurance (MALE) UAV capabilities and features eight modular storage stations and six hardpoints on the wings. This multi-payload capability integrates high-quality electro-optical sensors, radar, signals intelligence equipment, and advanced payloads.
The growing focus on the indigenous development of tactical UAVs is anticipated to help the advent of new players in the market. In recent years, several smaller players have constantly grown their market presence. They are expected to play a critical role in the future as their technology matures and gains flight hours while building technologies and capabilities made for their local users, including both military and non-military customers. For instance, in February 2023, Kalyani Group (India) unveiled its first foray into the unmanned aerial vehicle (UAV) sector at the Maharashtra MSME Defence Expo with the showcase of a new short-range tactical UAV.
Tactical Unmanned Aerial Vehicle (UAV) Market Leaders
The Boeing Company
Lockheed Martin Corporation
Northrop Grumman Corporation
Israel Aerospace Industries Ltd.
Textron Inc.
*Disclaimer: Major Players sorted in no particular order
