Global Military Drone/Unmanned Aerial Vehicle (UAV) Market By Technology 2024 | BAE Systems Inc., Aerovironment Inc., Boeing, General Atomic, China Aerospace, Israel Aerospace Industries Ltd., Leonardo, Northrop Grumman

The global military drone or unmanned aerial vehicle (UAV) market has depicted outstanding growth in the recent years, on account of the rising procurement of these devices for battle operations and surveillance activities by governments across the globe. Indeed, mounting internal & external threats are promoting governments to adopt drone solutions to gather intelligence information related to battlefield preparation, battle damages, and for conducting high-level investigation activities.

North America is the leading region in the military drone market with the revenue share of over 70% in the year 2016. The growth of the market is attributed to the increasing adoption of the drone in the U.S. for the military and government application. For instance, the U.S the Federal Bureau of Investigation (FBI) and Department of Homeland Security is using drone for law enforcement and police investigation. They are also planning to use drones for disaster management and firefighting application.

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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. Moreover, the rise in internal and external threat across the globe and terrorist activities are also impacting the market to grow government sector. Furthermore, the rise in investment in the drone technology especially from developing economies for strengthening their military is increasing the need for drones. However, the safety and security issues associated with the drones is estimated to be the major constraint in the growth of the market. Also, the stringent regulations on the use of drones is impacting the market revenue.

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.

Asia Pacific region is estimated to grow fastest in the military drone market with a CAGR of 17.6%, owing to the increase in the use of UAVs in countries such as Japan, China, Australia, and India, where there are opportunities in abundance for traffic monitoring, border management, and surveillance. South Korea is estimated to emerge as a market leader in drone technology in the APAC region because of its government?s firm commitment towards heavy investment in drone for varied applications and use cases.

Some of the prominent vendors of the military drone are 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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Table of Content:

Chapter 1. Methodology & Scope

Chapter 2. Executive Summary

Chapter 3. Military Drone Industry Insights

Chapter 4. Competitive Landscape

Chapter 5. Global Military Drone Market, By Product

Chapter 6. Global Military Drone Market, By Technology

Chapter 7. Global Military Drone Market, By Range

Chapter 8. Global Military Drone Market, By Maximum Take-Off Weight

Chapter 9. Global Military Drone Market, By Application

Chapter 10. Global Military Drone Market, By Region

Chapter 11. Company Profiles

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Outer scope of this report In a recent turn of events, China has disclosed that it would be selling 48 high-end military drones to Pakistan. The military drone called the Wing Loong II is reportedly a high-end investigation, strike, and multiple role resilience UAV system, which can be fitted with air-to-surface armaments. Experts familiar with the development claim that this announcement has come in the backdrop of India's acquisition of S-400 missile defense systems from the Russian government. Hence, it can be concluded that pressurized relations amidst countries would propel the demand for military drone/unmanned aerial vehicles in the ensuing years.
Apart from the aforesaid, military drone industry is also being propelled by the rising implementation of UAVs in administrative activities like traffic monitoring and crime investigation. For instance, the Spokane Police Department has recently disclosed its plans to use drones to investigate crime & crash scenes and to track down people who have been reported missing or fleeing from law enforcement. The extensive use of these products in emergency response services like firefighting and disaster management would boost military drone market size in the coming years.

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