Unmanned combat aerial vehicle (UCAV) market to grow at a CAGR of 6.74% by 2027: Emergence of long-range spy combat drones to be a leading trend - Technavio

NEW YORK, Feb. 17, 2023 /PRNewswire/ -- According to Technavio, the global unmanned combat aerial vehicle (UCAV) market size is estimated to grow by USD 1,061.1 million from 2022 to 2027. The market is estimated to grow at a CAGR of 6.74%. Moreover, the growth momentum will accelerate. North America will account for 33% of the growth of the global market during the forecast period. The report includes historic market data from 2017 to 2021. In 2017, the unmanned combat aerial vehicle (UCAV) market was valued at USD 2,063.31 million. For more Insights on market Request a sample report

Unmanned combat aerial vehicle (UCAV) market - Five forces
The global unmanned combat aerial vehicle (UCAV) market is fragmented, and the five forces analysis covers – 

• Bargaining Power of Buyers 
• The threat of New Entrants
• Threat of Rivalry
• Bargaining Power of Suppliers
• Threat of Substitutes
• For an interpretation of Porter's five forces model– buy the report!

Unmanned combat aerial vehicle (UCAV) market – Customer landscape 

The report includes the market's adoption lifecycle, from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Unmanned combat aerial vehicle (UCAV) market - Segmentation assessment

Segment overview

Technavio has segmented the market based on type (medium-altitude UCAV and high-altitude UCAV) and platform (defense, government, civil, and commercial).

• The medium-altitude UCAV segment will grow at a significant rate during the forecast period. Defense authorities are concentrating on the development of medium-altitude UCAVs rather than land-based UAVs due to their surveillance and strike capabilities in response to the growing requirement for multi-purpose UAVs. These unmanned combat aerial vehicles (UCAVs) are more combat-durable than manned aircraft and can handle stealthy, discrete, and strategic tasks. Medium-altitude UCAVs are offered by numerous suppliers. These factors will accelerate market expansion during the forecast period.

Geography overview

By geography, the global unmanned combat aerial vehicle (UCAV) market is segmented into North America, Europe, APAC, Middle East and Africa, and South America. The report provides actionable insights and estimates the contribution of all regions to the growth of the global unmanned combat aerial vehicle (UCAV) market.

• North America is estimated to account for 33% of the growth of the global market during the forecast period. The need for UCAVs has grown significantly as the nation works to reduce the number of personnel losses during missions with a high degree of danger. The nation anticipates the creation of affordable unmanned aerial vehicles (UCAVs) that can be quickly deployed for a variety of high-risk tasks. The US Air Force has worked with Composite Engineering (CEI) Unmanned Systems division in Sacramento, California, US, to develop a low-cost UCAV technology that can successfully carry out aerial attacks in remote areas where forward basing is challenging. This has been done in response to the growing demand for low-cost attack drones. These factors will accelerate market expansion during the forecast period.

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Unmanned combat aerial vehicle (UCAV) market – Market dynamics

Key factor driving market growth

• One of the main factors propelling the expansion of the global UCAV market is the rising export demand from smaller economies.
• Due to developments in AI technology, the deployment of autonomous systems is currently similar to the most recent revolution in warfare.
• Small-economy countries are focusing on new research and UCAV purchases as a result of the rising need for cutting-edge autonomous technology.
• Developing countries have increased their investments in this sector as a result of the prospective uses of UCAVs for security and surveillance operations in urban areas.
• Due to these investments from developing countries, leading defense companies are investing in R&D to come up with very sophisticated UCAVs. During the forecast period, these factors will accelerate the expansion of the global UCAV market.

Leading trends influencing the market 

• The emergence of long-range spy combat drones is the leading trend in the global UCAV market. 
• UAVs have become an important tool and are used in countermeasure operations for national security.  They are incorporated with weapons that support those countermeasures ops. 
• Due to their multifunctional roles, nations are significantly investing in the development and procurement of UAVs, especially combat UAVs.
• Such developments with the growing need for autonomous platforms are likely to fuel the growth of the global UCAV market during the forecast period.

Major challenges hindering market growth

• One of the major challenges impeding market growth is the rapid development of anti-drone technology. 
• Countries across the globe are developing anti-drone defense systems and mechanisms to keep up with the development of UAVs happening worldwide.
• They are concentrating on developing anti-drone technologies in order to build a strong defense system as the use of drones by one country is a significant threat to other countries
• For instance, Boeing recently tested a 10 kW anti-drone laser cannon that can shoot down drones.
• Such developments in anti-drone technology will impede the growth of the global UCAV market during the forecast period.

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this unmanned combat aerial vehicle (UCAV) market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the unmanned combat aerial vehicle (UCAV) market between 2023 and 2027
• Precise estimation of the unmanned combat aerial vehicle (UCAV) market size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the unmanned combat aerial vehicle (UCAV) market industry across North America, Europe, APAC, Middle East and Africa, and South America
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of unmanned combat aerial vehicle (UCAV) market vendors

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Table of Contents:

1 Executive Summary

• 1.1 Market Overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Platform
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market Definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global unmanned combat aerial vehicle (UCAV) market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global unmanned combat aerial vehicle (UCAV) market 2017 - 2021 ($ million)

• 4.2 Type Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ million)

• 4.3 Platform Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Platform Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

• 6.1 Market segments 
• Exhibit 30: Chart on Type - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Type - Market share 2022-2027 (%)

• 6.2 Comparison by Type 
• Exhibit 32: Chart on Comparison by Type
• Exhibit 33: Data Table on Comparison by Type

• 6.3 Medium-altitutde UCAV - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Medium-altitutde UCAV - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Medium-altitutde UCAV - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Medium-altitutde UCAV - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Medium-altitutde UCAV - Year-over-year growth 2022-2027 (%)

• 6.4 High-altitude UCAV - Market size and forecast 2022-2027
• Exhibit 38: Chart on High-altitude UCAV - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on High-altitude UCAV - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on High-altitude UCAV - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on High-altitude UCAV - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Type 
• Exhibit 42: Market opportunity by Type ($ million)

7 Market Segmentation by Platform

• 7.1 Market segments 
• Exhibit 43: Chart on Platform - Market share 2022-2027 (%)
• Exhibit 44: Data Table on Platform - Market share 2022-2027 (%)

• 7.2 Comparison by Platform 
• Exhibit 45: Chart on Comparison by Platform
• Exhibit 46: Data Table on Comparison by Platform

• 7.3 Defense and government - Market size and forecast 2022-2027 
• Exhibit 47: Chart on Defense and government - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Data Table on Defense and government - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Chart on Defense and government - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on Defense and government - Year-over-year growth 2022-2027 (%)

• 7.4 Civil and commercial - Market size and forecast 2022-2027
• Exhibit 51: Chart on Civil and commercial - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Civil and commercial - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Civil and commercial - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Civil and commercial - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Platform 
• Exhibit 55: Market opportunity by Platform ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 57: Chart on Market share by geography 2022-2027 (%)
• Exhibit 58: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 59: Chart on Geographic comparison
• Exhibit 60: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 61: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 62: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 63: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 64: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 65: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 66: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 67: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 68: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027
• Exhibit 69: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 73: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027
• Exhibit 77: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 81: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
• Exhibit 85: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Russia - Market size and forecast 2022-2027
• Exhibit 89: Chart on Russia - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on Russia - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on Russia - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on Russia - Year-over-year growth 2022-2027 (%)

• 9.11 Israel - Market size and forecast 2022-2027
• Exhibit 93: Chart on Israel - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on Israel - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on Israel - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on Israel - Year-over-year growth 2022-2027 (%)

• 9.12 UK - Market size and forecast 2022-2027
• Exhibit 97: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 101: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 102: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 103: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 104: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 105: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 106: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 107: Matrix on vendor position and classification

• 12.3 AeroVironment Inc. 
• Exhibit 108: AeroVironment Inc. - Overview
• Exhibit 109: AeroVironment Inc. - Business segments
• Exhibit 110: AeroVironment Inc. - Key news
• Exhibit 111: AeroVironment Inc. - Key offerings
• Exhibit 112: AeroVironment Inc. - Segment focus

• 12.4 BAE Systems Plc 
• Exhibit 113: BAE Systems Plc - Overview
• Exhibit 114: BAE Systems Plc - Business segments
• Exhibit 115: BAE Systems Plc - Key offerings
• Exhibit 116: BAE Systems Plc - Segment focus

• 12.5 Baykar Tech 
• Exhibit 117: Baykar Tech - Overview
• Exhibit 118: Baykar Tech - Product / Service
• Exhibit 119: Baykar Tech - Key offerings

• 12.6 C Astral d.o.o. 
• Exhibit 120: C Astral d.o.o. - Overview
• Exhibit 121: C Astral d.o.o. - Product / Service
• Exhibit 122: C Astral d.o.o. - Key offerings

• 12.7 Dassault Aviation SA 
• Exhibit 123: Dassault Aviation SA - Overview
• Exhibit 124: Dassault Aviation SA - Product / Service
• Exhibit 125: Dassault Aviation SA - Key offerings

• 12.8 Denel Dynamics 
• Exhibit 126: Denel Dynamics - Overview
• Exhibit 127: Denel Dynamics - Product / Service
• Exhibit 128: Denel Dynamics - Key offerings

• 12.9 Elbit Systems Ltd. 
• Exhibit 129: Elbit Systems Ltd. - Overview
• Exhibit 130: Elbit Systems Ltd. - Product / Service
• Exhibit 131: Elbit Systems Ltd. - Key offerings

• 12.10 General Atomics 
• Exhibit 132: General Atomics - Overview
• Exhibit 133: General Atomics - Product / Service
• Exhibit 134: General Atomics - Key offerings

• 12.11 Israel Aerospace Industries Ltd. 
• Exhibit 135: Israel Aerospace Industries Ltd. - Overview
• Exhibit 136: Israel Aerospace Industries Ltd. - Product / Service
• Exhibit 137: Israel Aerospace Industries Ltd. - Key news
• Exhibit 138: Israel Aerospace Industries Ltd. - Key offerings

• 12.12 Kratos Defense and Security Solutions Inc.
• Exhibit 139: Kratos Defense and Security Solutions Inc. - Overview
• Exhibit 140: Kratos Defense and Security Solutions Inc. - Business segments
• Exhibit 141: Kratos Defense and Security Solutions Inc. - Key offerings
• Exhibit 142: Kratos Defense and Security Solutions Inc. - Segment focus

• 12.13 Lockheed Martin Corp. 
• Exhibit 143: Lockheed Martin Corp. - Overview
• Exhibit 144: Lockheed Martin Corp. - Business segments
• Exhibit 145: Lockheed Martin Corp. - Key news
• Exhibit 146: Lockheed Martin Corp. - Key offerings
• Exhibit 147: Lockheed Martin Corp. - Segment focus

• 12.14 Northrop Grumman Systems Corp. 
• Exhibit 148: Northrop Grumman Systems Corp. - Overview
• Exhibit 149: Northrop Grumman Systems Corp. - Business segments
• Exhibit 150: Northrop Grumman Systems Corp. - Key news
• Exhibit 151: Northrop Grumman Systems Corp. - Key offerings
• Exhibit 152: Northrop Grumman Systems Corp. - Segment focus

• 12.15 Skyeton 
• Exhibit 153: Skyeton - Overview
• Exhibit 154: Skyeton - Product / Service
• Exhibit 155: Skyeton - Key offerings

• 12.16 The Boeing Co. 
• Exhibit 156: The Boeing Co. - Overview
• Exhibit 157: The Boeing Co. - Business segments
• Exhibit 158: The Boeing Co. - Key news
• Exhibit 159: The Boeing Co. - Key offerings
• Exhibit 160: The Boeing Co. - Segment focus

• 12.17 Ukrspecsystems 
• Exhibit 161: Ukrspecsystems - Overview
• Exhibit 162: Ukrspecsystems - Product / Service
• Exhibit 163: Ukrspecsystems - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 164: Inclusions checklist
• Exhibit 165: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 166: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 167: Research methodology
• Exhibit 168: Validation techniques employed for market sizing
• Exhibit 169: Information sources

• 13.5 List of abbreviations 
• Exhibit 170: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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