Military Surveillance Drones Market 2018 Global Key Leaders: Boeing, Airbus Corporation, Lockheed Martin, Northrop Grumman Corporation, Thales Group

Market Highlights:

Market research future published a raw research report on Global Military surveillance drones market that contains the information from 2015 to 2023. Global Military surveillance drones market is expected to grow from USD 2083.0 Million in 2016 to USD 4549.4 Million in the year 2023 with the CAGR of 11.96 % from 2016 to 2023.

The global military surveillance drones market is a very dynamic market and is expected to witness high growth over the forecast period. The growth of military surveillance drones market is influenced by the internal and external security threats, increasing need for border monitoring, and development of next generation drones. However, the growth of this market is expected to be restrained by the issues associated with data processing and low endurance and flight range. The market also will experience growth opportunity owing to the evolution of solar-powered surveillance drones.

The market has been analyzed based on the three segments: type and payload in the regions of North America, Europe, APAC and rest of the world. On the basis of type, the global Military surveillance drones market has been segmented as Fixed Wing, Micro/ Nano and Mini. Moreover on the basis of payload, it includes Electro-Optic/Infrared Sensor, Cameras, Electronic Intelligence, Maritime Patrol Radar and Others.

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Major Key Players

Boeing (U.S.),
Airbus Corporation (Netherlands),
Lockheed Martin (U.S.),
Northrop Grumman Corporation (U.S.),
Thales Group (France),
Elbit Systems Ltd (Israel),
Saab Group (Sweden),
Israel Aerospace Industries Ltd. (Israel),
AeroVironment, Inc. (U.S.) and General Atomics (U.S.).

According to MRFR, the global Military Surveillance Drones Market size is projected to grow from USD 2083.0 Million in 2016 to USD 4549.4 Million in the year 2023, at the CAGR of 11.96 %.
North America region is expected to dominate the global military surveillance drones market, due to the increased applications of the unmanned aerial vehicles (UAVs) in military, homeland security, and commercial areas. In North America region, US comprises of the largest market for surveillance drones, and is also the largest manufacturer of unmanned systems globally. The country has established itself as a global leader in developing advanced unmanned systems, and as a specialist in their subsequent graduation from intelligence, surveillance, and reconnaissance (ISR) capabilities to warfare, as established in its decade long war against terrorism and insurgency. The necessity for continual and superior ISR capability by the armed forces has stimulated the US to invest substantially in surveillance drones and related technologies.

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This research report provides insights, on various levels of analysis such as industry analysis, and market share analysis for the leading players along with their profiles. It also helps in studying the target segments by providing views on emerging & high-growth segments. The market data comprises the basic assessment of the competitive scenarios & strategies in the global Military surveillance drones market, including high-growth regions and/or countries, and political, & economic environments. The project report, further, provides views on both the historical market values and pricing & cost analysis.

Military drones are powered aerial vehicles that do not carry human operators and can fly autonomously and remotely. These drones are largely being used for intelligence, surveillance, and reconnaissance (ISR) missions. The drones can stay in air for hours or days at a time, and their high-tech cameras can scan a wide geographic area required for surveillance. Such drones are procured by several countries for monitoring their national and sea borders.

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