Market Share of Unmanned Combat Aerial Vehicle Industry
The unmanned combat aerial vehicle market is fragmented in nature with the presence of several global and local players holding significant shares in the UCAV market. Some prominent market players are Boeing, General Atomics, Israel Aerospace Industries Ltd, Northrop Grumman and Lockheed Martin Corporation.
Several players are involved in designing and developing unmanned combat aerial vehicles due to increased funding by the governments of the respective countries. The development of new UAV payloads that help in increasing the lethality of the drones, with better target-hitting capabilities, will also support the growth of the UCAV market. The strategic investments by the key OEMs for expanding their global presence are expected to increase their market shares in the UCAV market. For instance, in April 2022, Turkey's new unmanned combat aerial vehicle AKINCI, developed by Baykar, engaged a sea target with an MK-82 bomb fitted with a TEBER guidance kit.
Unmanned Combat Aerial Vehicle Market Leaders
General Atomics
Israel Aerospace Industries Ltd
Lockheed Martin Corporation
Boeing
Northrop Grumman
*Disclaimer: Major Players sorted in no particular order
