Tactical UAV Market expands with the increasing deployment for aerial remote sensing

Market Overview:
The global tactical UAV market is expected to post a CAGR of 19.85% during the forecast period. The growing sales of tactical drones are mainly due to the fact that acquisitions of these drones by armies give them a competitive advantage on the battlefield. In addition, there is an increase in investments from several countries in the Asia-Pacific region in the local development of tactical drones. Countries like China and India have invested in these drones, and China is already deploying a number of drones, including tactical and strategic drones, such as the ASN-209 tactical drone system. The inclusion of novel technologies like artificial intelligence, cloud computing, hypersonic technologies and small drones in the present tactical UAV technologies is foreseen to create lucrative opportunities for the expansion of advanced tactical UAV systems.

Recent Developments:
Skydio, a US-based autonomous drone company known for its 'selfie drones' that use AI to automatically film a person cycling through a forest, is launching a new drone for commercial and defense use.
https://www.thehindu.com/sci-tech/technology/us-autonomous-drone-maker-pivots-to-military-with-new-model/article32087915.ece

Market Drivers and Restraints:
Due to the diverse profile of military applications, the demand for tactical UAVs has multiplied by several during the last decade. As a result, several purchase orders are in the pipeline or in the process of being placed to meet the growing demand from global military forces. Also, the global defense scenario has strengthened R&D efforts dedicated to the development of advanced tactical drones. Therefore, new purchases, as part of global defense forces' fleet upgrade programs, as well as investments in new drone development are expected to drive the growth of the military segment in the global tactical UAV market over the calculated period. The many problems associated with the political and social acceptance of UAVs and the shortage of skilled and trained manpower for UAV operation are some of the factors that can hamper the market for tactical UAVs.

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Report is segmented as:
By Application:
• Military
• Law enforcement
• Other applications

Geographical segmentation:
On the basis of geography, the global tactical UAV market is segregated into regions namely Asia Pacific, Latin America, North America, Europe, the Middle East and Africa. Among these regions, rest of the world is forecasted to have the highest CAGR during the estimated time frame.

Key market players:
Some of the major players influencing the global tactical UAV market include DJI, General Atomics, Israel Aerospace Industries Ltd., Elbit Systems Ltd., Boeing, Textron Inc., Lockheed Martin Corporation, BlueBird Aero Systems Ltd., Leonardo SpA, and Aeronautics Ltd. among others.

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Scope of the report:
The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated.
The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.

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