Military Drone Market Key Player Analysis by Israel Aerospace Industries Ltd., Leonardo, Northrop Grumman, Textron Systems

The Military Drone Market Report consists of all the basic information regarding the Military Drone Market. The all-inclusive report will aid users to understand the market current trends, industry growth drivers, share, analysis, size, production, forecast trends, supply, sales, demands, and many other aspects. The analysis is accomplish using an objective amalgamation of primary and secondary data including contributions from major participants in the market. The global Military Drone Market report is an essential reserve of data, primarily for the industry administrators.

The prime objective of Military Drone Market report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing. Deep researches and analysis were done during the preparation of the report.

Description: Military Drone Market is estimated to surpass the fleet of 18 thousand units with the revenue of over 13 billion by 2024. The increasing demand of the UAVs for combat and surveillance operations is the primary factor driving the market growth. The government across the countries are increasingly procuring the drones for enhancing their armed forces and safety and security.

This report focuses on the top Manufacturers and players in global market are given bellow:-

BAE Systems Inc., Aerovironment Inc., Boeing, General Atomic, China Aerospace, Israel Aerospace Industries Ltd., Leonardo, Northrop Grumman, Textron Systems. and Lockheed Martin.

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The market of the drone used for VLOS operation are estimated to grow with the CAGR of 16.4% during the forecast period. The growth of the market is attributed to the demand of the VLOS drone in government applications such as traffic monitoring, police operations & law enforcement, and firefighting & disaster management application. The maximum limit for VLOS is different in countries as specified by the local aviation authorities. In Europe, the maximum VLOS is typically set at not more than 400 ft. AGL (above ground level) vertically and 500 m horizontally. Drone operators in Australia are required to maintain a VLOS and fly below 400 ft. AGL. With prior approvals and air traffic control clearance, flights above 400 ft. are allowed only in designated areas of controlled airspace.

The drone with the payload between 25KG and 150KG is dominating the military drone market with more than 50% revenue share in the 2016. Their ability to perform critical missions such as surveillance mission, rescue operation, support to ground forces and traffic monitoring are the major factors augmenting their demand in the market. Furthermore, their high versatility and high tactical capabilities is also estimated to foster the demand.  

The demand from government applications, especially for traffic monitoring and police operation & law enforcement is driving the military UAV market. The traffic departments around the world have started testing and deploying drones to monitor and manage urban traffic systems. For instance, in December 2017, the police department in Dubai launched drones to monitor the traffic on the roads. These drones use 4G technology and are controlled by officers from the Dubai Command Room. They also provide a live broadcast of traffic jams during peak hours enabling quick dispatching on patrol units to ease the congestion.

Military Drone/Unmanned Aerial Vehicle (UAV) Market Size By Product

Fixed Wing, Rotary Blade, Hybrid

By Technology

Remotely Operated, Semi-Autonomous, Autonomous

By Range

VLOS (Visual Line of Sight)

BVLOS (Beyond VLOS)

EVLOS (Elevated VLOS))

By Maximum Take-Off Weight (150KG)

By Application (Defense [Intelligence, Surveillance & Reconnaissance, Combat Operations, Battle Damage Management, Border Management], Government [Traffic Monitoring, Police Operations & Investigation, Firefighting & Disaster Management])

Analysis Report, Regional Outlook

U.S., Canada, Mexico, France, UK, Poland, Italy, Spain, Austria, Germany, Sweden, Russia, China, India, Japan, South Korea, Australia, Indonesia, Philippines, Saudi Arabia, Iran, UAE, Egypt, Nigeria, Kenya, Morocco, South Africa, Brazil, Argentina, Columbia, Chile, Venezuela

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