Market Share of Asia-Pacific Tactical UAV Industry
The Asia-Pacific tactical UAV market is semi-consolidated due to the presence of a few players holding significant shares in the market. Some of the key players in the market are Elbit Systems Ltd, IAI, General Atomics, The Boeing Company, and Northrop Grumman Corporation.
Key OEMs are focusing on integrating technologies like artificial intelligence (AI), stealth, hypersonic propulsion, advanced electronic warfare capabilities, and better avionics into the existing systems to further enhance the capabilities of tactical UAVs. This will help them gain new contracts, thereby propelling their growth during the forecast period.
Globally renowned tactical UAV manufacturers are also partnering with the local players to develop new tactical UAVs. For instance, in June 2023, the Defense Research Development Organization (DRDO) in India announced that the tactical aerial platform for advanced surveillance (TAPAS) 201 designed and developed by Bengaluru-based Aeronautical Development Establishment (ADE) is ready for user evaluation trials.
Asia-Pacific Tactical UAV Market Leaders
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Elbit Systems Ltd.
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General Atomics
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The Boeing Company
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Northrop Grumman Corporation
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IAI
*Disclaimer: Major Players sorted in no particular order
