According to the most recent estimate by Emergen Research, the market for military drones will be worth USD 35.71 billion in 2028 with a consistent CAGR of 10.9%. The market for military drones has been seeing steady revenue growth, which can be linked to the growing need for drone deployment in intelligence, surveillance, and reconnaissance activities. Military drones are frequently employed to track enemy movements and positions in battle zones in real-time. The information obtained through intelligence gathering, surveillance, and reconnaissance gives forces a great military advantage and significantly raises mission success rates.
To find and gather information pertinent to the market, the research study on the military drone market made heavy use of secondary sources, directories, and databases like Hoovers, Bloomberg Businessweek, and Factiva. Industry experts from the military drones market, as well as suppliers, manufacturers, solution providers, technology developers, alliances, and organizations associated with all areas of the aerospace & defense industry’s value chain, were among the primary sources taken into account. To gather and verify important qualitative and quantitative data about the military drones market as well as to evaluate the market’s growth prospects, in-depth interviews with a variety of primary respondents, including key industry participants, Subject Matter Experts (SMEs), industry consultants, and C-level executives, have been conducted.
Some Key Highlights from the Report
- BAE Systems and UAVTEK announced their collaboration to build nano Bug drones in December 2020. The Bug drones can maintain flight even amid severe winds and have a low visual profile for covertly patrolling in hostile areas.
- Military drones with fixed wings use wings similar to those on an airplane to produce lift. Fixed-wing drones can fly for extended periods while monitoring a target and covering greater distances since they have wings (instead of vertical rotors). Additionally, fixed-wing drones with gas engines have the potential to stay in the air for at least 16 hours.
- In 2020, the North American military drone market generated the greatest revenue share, which may be ascribed to increased concerns about safety and security, rising defense spending, and rising investment in manned aircraft system R&D. Leading drone producers like Northrop Grumman and Lockheed Martin Corporation are also present in the area, aiding market expansion.
- The Boeing Company, Israel Aerospace Industries, Raytheon Technologies Corporation, Elbit Systems Ltd., Textron Inc., and AeroVironment Inc. are a few notable market participants, as well as Lockheed Martin Corporation, Thales Group, Northrop Grumman, BAE Systems, and the Thales Group.
Emergen Research has segmented the global military drones market based on wing type, range, mode of launching, maximum takeoff weight, application, and region:
Wing Type Outlook (Revenue, USD Billion; 2018–2028)
Range Outlook (Revenue, USD Billion; 2018–2028)
- Visual Line of Sight (VLOS)
- Extended Visual Line of Sight (EVLOS)
- Beyond Visual Line of Sight (BVLOS)
Mode of Launching Outlook (Revenue, USD Billion; 2018–2028)
- Vertical Takeoff and Landing (VTOL)
- Catapult Launcher
- Hand Launched
Maximum Takeoff Weight Outlook (Revenue, USD Billion; 2018–2028)
- Below 25 Kg
- 25 Kg to 150 Kg
- Above 150 Kg
Application Outlook (Revenue, USD Billion; 2018–2028)
- Intelligence, Surveillance, Reconnaissance, and Target Acquisition
- Combat Operations
- Delivery & Transportation
- Battle Damage Management
Regional Outlook (Revenue, USD Billion; 2018–2028)
- North America
- the U.S.
- the U.K.
- Rest of Europe
- the Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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