The global Unmanned Aerial Vehicle(UAV) market was valued at USD 19.3 billion in 2019 and is likely to reach USD 45.8 billion by 2025, at a CAGR of 15.5% from 2019 to 2025.This market growth can be attributed to the growing use of UAVs in civil &commercial, military, marine patrolling, and counterterrorism applications.
In 2019, the Unmanned Aerial Vehicle market was dominated by General Atomics (US), Northrop Grumman Corporation (US), Boeing (US),and DJI (China). A few of the key strategies executed by these players to compete in the Unmanned Aerial Vehicle market include contracts, new product developments, productlaunches, and expansions.
General Atomics (US) is one of the best Unmanned Aerial Vehiclesmanufacturers. The company caters to customers in the commercial, defense,and security sectors. It offers Unmanned Aircraft Systems (UAS), Tactical Reconnaissance Radars, and Surveillance Systems. The company is an expert in designing, manufacturing, and integrating Lynx multi-mode radar, highly sophisticated Claw Sensor,and image analysis software.
June 2020 –General Atomics is creating an Automated Tasking of ISR Platforms by using its Metis Application.
July 2019–General Atomics collaborated with Cobham Aviation Services for through-life support for the protector RG MK1 Remotely Piloted Aircraft (RPA).
Northrop Grumman Corporation (US) is a global defense and security organization that offers a range of products &solutions in the global information &services, electronics, aerospace, and technical services segments. The company mainly offers C4ISP systems, electronic warfare systems, Air and Missile Defense Integration, and other similar solutions. Its key products in the UAV market include a high-altitude, long-endurance system known as the Global Hawk System, which is used for real-time high-resolution imagery of landmasses for threat awareness.
June 2020– Northrop Grumman won a USD 222.5 million contract for upgrading technology of the Defence Support Program.
June 2020 –Northrop Grumman Corporation partnered with Kitron for the production of Integrated Communications, Navigation and Identification (ICNI) modules for the F-35 Lightning II program.
June 2020– Northrop Grumman received a five-year, USD 89.6 million deal to support the US Armyby designing, building, and sustaining their long-range radar systems.