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Tactical UAVs are generally used for applications like reconnaissance, surveillance, and target acquisition (RSTA). The tactical UAV missions can also include target designation, chemical-bio detection, mine countermeasures, theater air missile defense, electronic warfare, and information warfare.
According to a new report, the Tactical UAV Market 2019-2024, by Industry Research, this market is anticipated to reach $6.48 billion by 2024, with a CAGR of 19.21%.
This growth is due to the growing procurements of UAVs by the armies to provide a competitive advantage on the battlefield.
It is also due to the increasing investments in tactical UAVs in the Asia-Pacific region. Countries like China and India are investing in these UAVs. In the past few years, China deployed a number of UAVs, which includes tactical and strategic UAVs, such as the ASN-209 tactical UAV system.
Integrating the technologies, like artificial intelligence, cloud computing, hypersonic technologies, and swarms of small drones into the existing tactical UAV technologies will provide future opportunities for the development of advanced tactical UAV systems, according to portnews24.com.
The military segment currently has the highest market share due to high investments by military and armed forces into the procurement of advanced tactical UAVs, along with high R&D investments by the companies to provide advanced tactical features to the UAVs. Such advancements in the military sector are expected to drive the growth of the segment during the forecast period.
The rest of the world segment of the market is expected to register the highest CAGR due to increasing R&D programs in countries like Israel and increasing procurements by countries like Germany, according to the report.
This growth is also due to the increasing advancements in tactical UAVs in Russia and Ukraine. For instance, Anotov developed and deployed Gorlysta, a new tactical unmanned aerial vehicle for the Ukrainian forces.
Key Players include, as per the report:
BlueBird Aero Systems
Elbit Systems Ltd
Israel Aerospace Industries (IAI)
The Boeing Company
Lockheed Martin Corporation
Northrop Grumman Corporation