Aman Singh Gandhi
Unmanned Aerial Vehicles (UAV) are set to gain from the emergence of new application areas.
The global UAV market is expected to gain impetus from an increasing procurement of military UAV by defence forces across the world. A new report offers recommendations on robust strategies and guidelines for companies to enhance their positions in the market.
Semi & fully autonomous technology to grow rapidly owing to research advancements
In terms of technology, the UAV is categorised into semi-autonomous, remotely operated, and fully-autonomous. Amongst these, the remotely operated technology holds the highest share at present. It is because remotely operated drones are used beyond the visual line of sight to perform numerous operations. Additionally, those drones are capable of emergency handover between control channels as well as emergency landing.
The semi-autonomous and fully-autonomous technologies are anticipated to exhibit astonishingly high CAGR during the forthcoming years. The demand for semi-autonomous technology will rise due to the emergence of new application areas. Fully-autonomous technology, on the other hand, will showcase high demand due to its innovative features, namely, waypoint flight and stability enhancement.
Demand for UAV for marine and border surveillance activities to favour growth in North America
The unmanned aerial vehicle market is geographically divided into Asia Pacific, Europe, North America, the Middle East and Africa, and Latin America. Out of these regions, North America is projected to lead the market during the forecast period. It is likely to occur due to a rise in the adoption of UAV for border and marine surveillance activities.
Also, an increasing usage of commercial drones for engineering projects, personal use, security purposes, and agricultural applications in countries, such as Canada and the US are expected to contribute to growth in this region. Moreover, the presence of several renowned UAV players, namely Aeryon Labs, Textron, 3D Robotics, and General Atomics would fuel growth.
Northrop bags a contract from the US Navy and ADF to supply MQ-4C Triton unmanned aerial vehicles
Northrop Grumman Corporation, an aerospace and defence technology company headquartered in Virginia, announced that it has successfully bagged a contract from the US Navy and the Australian Defence Force (ADF) in June 2019. The contract is worth USD 65m and will enable Northrop to manufacture and deliver three LRIP Lot 5 MQ-4C Triton unmanned aerial vehicles.
It will also offer associated materials and equipment for two of the ground stations. The ADF requires seven long-endurance and high-altitude Triton Unmanned Aerial Vehicles. Northrop will make sure to deliver the same by cooperating with the US navy. Australia will also procure 15P-8A Poseidon MPA for enhancing its maritime surveillance capability.
The MQ-4C Triton Unmanned Aerial Vehicle (UAV) is based on the US Air Force RQ-4B Global Hawk. It provides maritime ISR capability by utilising multiple sensors persistently.
Aman Singh Gandhi is a content writer at Fortune Business Insights.