The unmanned aerial vehicle market is expected to witness a strong compounded annual growth which is primarily driven by the rising adoption of UAVs in civil and commercial applications, increasing deployment of UAVs in border patrolling and combating terrorism, and exemptions made by the regulatory authorities around the globe to permit the use of UAVs in several industries. The overall Unmanned Aerial Vehicle (UAV) Market is expected to reach $21.8 billion by 2027, at a CAGR of 14.1% during the forecast period of 2020 to 2027
Here are the top 10 companies operating in Unmanned Aerial Vehicle Market–
General Atomics
Founded in 1955, General Atomics offers products in various categories like power reactor systems, electromagnetic systems, unmanned aerial vehicles, airborne sensors, nuclear instrumentation, aircraft platforms, and ground control stations as well as provides information technology services.
The Company has its geographic presence in North America. Some of the major subsidiaries of General Atomics are General Atomics Aeronautical Systems (U.S), General Atomics Systems Integration (U.S), Diazyme Laboratories, Inc. (U.S), ConverDyn (U.S), Cotter Corporation (U.S), and others.
Northrop Grumman Corporation
Northrop Grumman Corporation offers products in various categories such as military aircraft & unmanned aerial vehicles, military vessels, missiles & missile defense systems, autocannons, chain guns & munitions, satellites & space, information technology, electronic sensors and systems, and rocket launch systems. The Company operates through four business segments, namely, Aerospace Systems, Innovation Systems, Mission Systems, and Technology Services.
The Company has its geographic presence in North America, Europe, Asia-Pacific, and the Middle East and Africa and Rest of World. Some of the major subsidiaries of Northrop Grumman Corporation are Northrop Grumman Innovation Systems (U.S), Northrop Grumman Federal Credit Union (U.S), Scaled Composites (U.S.), Litton Industries (U.S.), Northrop Grumman Mission Systems, Inc. (U.S), and others.
The Boeing Company
The Boeing Company designs, manufacture, and sells airplanes, rotorcraft, rockets, satellites, telecommunications equipment, and missiles worldwide. The Company also provides leasing and product support services. The Company offers products in various categories such as commercial aircraft, military aircraft, satellites, space vehicles, and launchers. The Company operates through four business segments, namely, Commercial Airplanes, Defense, Space & Security, Global Services, and Boeing Capital. The Company operates in an unmanned aerial vehicle market through its Defense, Space & Security segment.
With all its subsidiaries, the Company has its geographic presence in North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
BAE Systems plc
BAE Systems plc develops, delivers, and supports advanced defense and aerospace systems. The group manufactures military aircraft, surface ships, submarines, radar, avionics, communications, electronics, and guided weapon systems. The Company operates through six business segments, namely, Electronic Systems, Cyber & Intelligence, Platforms & Services (US), Air, Maritime, and HQ. The Company operates in unmanned aerial vehicle market through its Air segment.
The Company has its geographic presence in North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa. Some of the major subsidiaries of BAE Systems plc are BAE Systems Inc.(U.S.), BAE Systems Australia Limited (Australia), and BAE Systems Applied Intelligence (U.K.).
Israel Aerospace Industries Ltd.
Israel Aerospace Industries Ltd. (IAI) is a government owned corporation. The Company is specializing in developing and manufacturing advanced state-of-the-art systems for air, space, sea, land, cyber, and homeland security. The Company provides advanced technology solutions to government and commercial customers worldwide including satellites, missiles, weapon systems and munitions, unmanned and robotic systems, radars, C4ISR, and more. The Company operates through four business segments, namely, ELTA Systems, Aviation Group, Military Aircraft, and Systems Missiles & Space. The MALAT group is engaged in providing UAV commercial solution for precision agriculture, oil & gas, and first response.
The Company has its geographic presence across the North America, Europe, Asia-Pacific, Middle East and Africa and rest of world. Some of the major subsidiaries of IAI are ELTA Systems Ltd. (Israel), TSG IT Advanced Systems Ltd. (TSG) (Israel), TAMAM Division (Israel), IAI North America Inc. (U.S.), Bedek Aviation Group (Israel) and others.
“Meticulous Research in its latest publication on Unmanned Aerial Vehicle (UAV) Market has predicted the growth of 14.1% during the forecast year 2020-2027“
Lockheed Martin Corporation
Lockheed Martin Corporation is a global security and aerospace company primarily involved in the research, design, development, manufacture, integration, and sustainment of advanced technology systems, products, and services. It also provides a wide range of services including management, engineering, technological, science, logistics, system integration, and cybersecurity. The Company operates through four business segments, namely Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space.
The Company has its geographic presence in North America, Europe, Asia-Pacific, and the Middle East and Africa and other countries. Some of the major subsidiaries of Lockheed Martin Corporation are Sikorsky Aircraft (U.S.), Skunk Works (U.S.), United Space Alliance (U.S.), PZL Mielec (Poland), KAPL, Inc. (U.S.), and others.
Raytheon Company
Raytheon Technologies Corporation researches, develops, and manufactures advanced technology products in the aerospace and defense industry, including aircraft engines, avionics, aero structures, cyber security, missiles, air defense systems, and UAVs. The Company operates through five business segments, namely, Integrated Defense Systems, Intelligence, Information and Services, Missile Systems, Space and Airborne Systems, and Force point.
The Company has its geographic presence in North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Some of the major subsidiaries of Raytheon Technologies Corporation are Collins Aerospace (U.S), Pratt & Whitney (U.S), Raytheon Intelligence & Space (U.S), and Raytheon Missiles & Defense (U.S).
Textron Inc.
Textron Inc. is one of the world’s best-known multi-industry companies, recognized for its powerful brands such as Bell, Cessna, Beechcraft, E-Z-GO, Arctic Cat, and many more. The Company offers products in various categories such as aviation, defense, and industrial. The Company operates through five business segments, namely Textron Aviation, Bell, Textron Systems, Industrial, and Finance. The Company operates in the unmanned aerial vehicle market through its Textron aviation segment.
The Company has its geographic presence in North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Some of the major subsidiaries Textron Inc. are Arctic Cat (U.S), Bell Textron Inc. (U.S.), Textron Aviation Inc. (U.S.), and Lycoming Engine (U.S.).
Elbit Systems Ltd.
Elbit Systems Ltd. offers products in various categories such as military aircraft and helicopter systems, training & simulation, electro-optics systems, communication systems, intelligence surveillance, and reconnaissance, homeland security systems, helmet-mounted systems, commercial aviation, land systems, artillery systems, naval systems, UAS, aero structures, artillery systems, EW and SIGINT. The Company operates through five business segments, namely, Airborne Systems, C4isr Systems, Land Systems, Electro-Optic Systems, and Other (mainly non-defense engineering and production services).
The Company has its geographic presence in North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa. Some of the major subsidiaries of Elbit Systems Ltd are Elbit Systems of America, LLC (U.S), Elbit Systems Electro-Optics ELOP Ltd. (Israel), Elbit Systems Land and C4I (Israel), and Elbit Systems EW and SIGINT – Elisra Ltd. (Israel).
Turkish Aerospace Industries
Founded in 2005, and headquartered at Ankara, Turkey; Turkish Aerospace Industries manufactures fixed and rotary-wing aircraft. The Company produces military and civilian aircraft and aerospace components. Turkish Aerospace also offers maintenance, repair, and overhaul services.
Popular Mentions: AeroVironment, Inc. (U.S.), Parrot S.A.(France), Microdrones GmbH (Germany), PrecisionHawk Inc. (U.S.), SZ DJI Technology Co., Ltd (China), 3D Robotics (U.S.), Aeronautics (Israel), Saab AB (Sweden), EHang (china), Yuneec (China), and Primoco UAV SE (Czech Republic)
Authoritative Research on the Unmanned Aerial Vehicle (UAV) Market – Global Opportunity Analysis and Industry Forecast (2020-2027)
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