Exploring the Growth: Tactical UAV Market Set to Reach $15.30 Billion by 2033

23 Jul 2024

Tactical UAVs, also known as Unmanned Aerial Vehicles, are essential compact and versatile aircraft designed primarily for military and security applications. These UAVs excel in reconnaissance, surveillance, and intelligence gathering across challenging operational terrains. They deliver real-time data and crucial situational awareness, enhancing tactical decision-making without endangering human personnel.

The global tactical UAV market was $5.58 billion in 2023, and is projected to grow significantly, reaching an estimated value of $15.30 billion by 2033, reflecting a compound annual growth rate (CAGR) of 10.61% during the forecast period from 2023 to 2033.

These UAVs are crucial for their stealth, endurance, and precision in military and law enforcement applications, equipped with advanced sensors and cameras. They enhance operational efficiency and situational awareness amid increasing global tensions, driving demand for compact, versatile drones capable of real-time data collection.

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Tactical UAV Market Overview

With expanding defense budgets and evolving security threats, the market is innovating in autonomy and data analytics, ensuring its relevance in modern defense strategies.

Segmentation 1: by UAV Type
•    Fixed Wing
•    Rotary Wing

Segmentation 2: by System
•    Communication
•    Surveillance
•    Propulsion
•    Others

Segmentation 3: by Application
•    ISR
•    Target Acquisition
•    Combat Operations
•    Electronic Warfare
•    Others

Segmentation 4: Region
•    North America
•    Europe
•    Asia-Pacific
•    Rest-of-the-World

North America leads the global tactical UAV market due to its advanced technological infrastructure and robust defense industry. The region's emphasis on surveillance and reconnaissance capabilities across various security applications drives demand for tactical UAVs.

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Recent Developments in the Global Tactical UAV Market

Recent developments in the global tactical UAV market include Marlborough Communications Limited (MCL) and Skydio securing a $3.2 million contract from the UK Ministry of Defence for nano unmanned aerial systems. BAE Systems partnered with QinetiQ to develop a family of UAS and mission management systems to enhance interoperability. AeroVironment's JUMP 20 VTOL UAS demonstrated successful maritime operations during a U.S. Naval exercise, while Red Cat Holdings' Teal Drones received a $2.6 million contract to supply drones to the U.S. Defense Logistics Agency, totaling $5.2 million across two orders


Key Market Players and Competition Synopsis

The tactical UAV market comprises established key players with a deep understanding of the market, alongside startups aiming to establish themselves in this highly competitive industry.


Prominent names established in this market are:
•     Raytheon
•    Boeing
•    Lockheed Martin Corporation
•    AIRBUS
•    Northrop Grumman
•    Thales
•    Leonardo S.p.A.
•    Textron, Inc.
•    Adani Group
•    Elbit Systems Ltd.
•    Saab AB
•    Kratos Defense & Security Solutions, Inc.
•    AeroVironment, Inc.
•    Parrot Drone SAS
•    BlueBird

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Analyst’s Thoughts

As Rajat Srivastava, Principal Analyst at BIS Research, states, “The Tactical UAV market is growing rapidly driven by escalating demand for real-time intelligence and surveillance in military operations. Advancements in technology are enhancing UAV capabilities, including extended range, endurance, and advanced sensors.

Heightened global tensions and increased border security are spurring significant investments in defense, including tactical UAV procurement.

Moreover, expanding applications beyond military sectors into law enforcement, search and rescue, and disaster management sectors are further boosting market growth”.

 
 
 

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