Market Share of Asia-Pacific Unmanned Systems Industry
The market of Asian-Pacific unmanned systems is fragmented due to several players providing unmanned systems for commercial and military applications. Some prominent players in the Asian-Pacific unmanned systems market are Israel Aerospace Industries Ltd, Elbit Systems Ltd, Singapore Technologies Engineering Ltd, Defence Research and Development Organisation (DRDO), and DJI. The international players are also gradually expanding their presence in the market due to partnerships and agreements due to their brand value. For instance, in June 2021, Huntington Ingalls Industries received the first international order from the Royal New Zealand Navy for four REMUS 300 unmanned underwater vehicles. The delivery of the UUVs was scheduled to begin by 2022. In addition to the presence of international players, domestic companies also have a significant share in the market. The domestic companies are partnering with the local governments to introduce new and advanced unmanned systems into service to support land, airborne and maritime missions.
On this note, in December 2021, Korean Air signed an agreement with the Korea Research Institute for Defense Technology Planning and Advancement (KRIT) for the research and develop technology for stealth UAVs. The agreement is expected to run through 2025, and Korean Air will work on the application of high-performance low-observable technology for next-generation UAVs. Such investments are anticipated to make the market more competitive in the future.
APAC Unmanned Systems Market Leaders
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Israel Aerospace Industries Ltd
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Elbit Systems Ltd
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Singapore Technologies Engineering Ltd
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Defence Research and Development Organisation (DRDO)
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DJI
*Disclaimer: Major Players sorted in no particular order
