Increasing deployment of drones in intelligence, surveillance, and reconnaissance operations is a key factor driving revenue growth of the global military drones market
The global military drones market size is expected to reach USD 35.71 Billion at a steady CAGR of 10.9% in 2028, according to latest analysis by Emergen Research. Steady revenue growth of the military drones market can be attributed to increasing need for deployment of drones for intelligence, surveillance, and reconnaissance operations. Military drones are widely used for providing real-time tracking of enemy activities and their positions in combat zones. The intelligence gathered through intelligence, surveillance, and reconnaissance provides keen military-edge to soldiers and considerably increases mission success rates.
The latest market intelligence report, titled ‘Global Military Drones Market’, is intended to provide the target audience with the necessary information about the global Military Drones industry.
Drones play a crucial role in executing advanced-level military tactics that are essential to improve a country’s security and sovereignty. Military drones find application in surveillance and creating 3D maps of large areas in a short time span, especially at high altitudes, to enhance the geographical and situational awareness of military personnel by offering fast target detection, recognition, profiling, and precise geo-tagging.
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Key players in the market include Lockheed Martin Corporation, Thales Group, Northrop Grumman, BAE Systems, the Boeing Company, Israel Aerospace Industries, Raytheon Technologies Corporation, Elbit Systems Ltd., Textron Inc., and AeroVironment Inc.
Fixed-wing military drones possess wings similar to an airplane to generate lift. The presence of wings (instead of vertical rotors) allows fixed-wing drones to cover longer distances, fly for long time monitoring a target, and map larger areas. Also, fixed-wing drones powered by gas engines have capability to stay aloft for a minimum of 16 hours.
The report contains unbiased industry expert opinions on the current market scenario, past market performance, production & consumption rates, demand & supply ratio, and revenue generation forecasts over the estimated period. Furthermore, several analytical tools like investment assessment, SWOT analysis, and Porter’s Five Forces Analysis have been implemented by our analysts’ team to evaluate the production and distribution capacities of the Military Drones market players.
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The research study presents an industry-wide summary of the Military Drones market, including drivers, constraints, technological advancements, product developments, limitations, growth strategies, growth prospects, etc. among others. The Military Drones7 report analyzes the market based on different categories, such as product types, end-user applications, and leading geographical regions.
The Military Drones market report provides an in-depth analysis of the key competitors operating in the industry. The report offers insights into their product portfolio, business overview, financial standing, market position, revenue generation, market share and market size, and production and manufacturing capacity along with pricing analysis.
Emergen Research has segmented the global military drones market on the basis of 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
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The Military Drones industry report mainly focuses on the key market regions where the market is spread, including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The report further focuses on the key segments of the market, such as product types, application spectrum, technology, end-user industries, among others.
Major Geographies Analyzed in the Report:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Answered in the Report:
- What is the growth rate of the Military Drones market? What is the anticipated market valuation of the Military Drones industry by 2027?
- What are the key growth driving and restraining factors of the Military Drones market?
- Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
- What are the key opportunities and growth prospects of the Military Drones industry over the forecast period?
- Which region is expected to show significant growth in the coming years?
Take a look “Table of Content Military Drones market”:
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2020-2028
Chapter 3. Key Insights
Chapter 4. Military Drones Segmentation & Impact Analysis
4.1. Military Drones Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers’ analysis
126.96.36.199. Increasing use of drones to combat terrorist activities
188.8.131.52. Rise in military expenditure
184.108.40.206. Growing use of drones in ISR operations
220.127.116.11. Growing disputes across international borders
4.2.3. Market restraints analysis
18.104.22.168. High cost of advanced military drones
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Military Drones By Wing Type Insights & Trends, Revenue (USD Billion)
5.1. Wing Type Dynamics & Market Share, 2018–2028
Chapter 6. Military Drones By Range Insights & Trends, Revenue (USD Billion)
6.1. Range Dynamics & Market Share, 2018–2028
6.1.1. Visual Line of Sight (VLOS)
6.1.2. Extended Visual Line of Sight (EVLOS)
6.1.3. Beyond Visual Line of Sight (BVLOS)
Chapter 7. Military Drones By Mode of Launching Insights & Trends, Revenue (USD Billion)
7.1. Mode of Launching Dynamics & Market Share, 2018–2028
7.1.1. Vertical Takeoff and Landing (VTOL)
7.1.2. Catapult Launcher
7.1.3. Hand Launched
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