Market Share of Unmanned Systems Industry
The unmanned systems market is highly fragmented, with many suppliers providing unmanned platforms such as UGVs, UAVs, and USVs. Some of the key players in the market are Lockheed Martin Corporation, BAE Systems PLC, The Boeing Company, Teledyne FLIR LLC, and Northrop Grumman Corporation. These OEMs provide all types of unmanned systems, which help the companies capitalize and expand their geographic presence and diversify their cash flows. The primary factor is product innovation, which aids companies in getting new contracts from the defense and commercial sectors. In addition, the mergers and acquisitions of local companies with major companies allow them to expand their product portfolio and market presence. In July 2023, SZ DJI Technology Co. Ltd announced the DJI Air 3 drone launch. The Air 3 has an f/1.7 primary camera with a focal length of 24 mm and an f/2.4 telephoto lens with a focal length of 70 mm.
Unmanned Systems Market Leaders
Northrop Grumman Corporation
Lockheed Martin Corporation
BAE Systems PLC
The Boeing Company
Teledyne FLIR LLC
*Disclaimer: Major Players sorted in no particular order
