Impact Of COVID-19 Outbreak On Military Drones Market Business Outlook, Growth, Revenue, Trends And Forecasts 2030

The Business Research Company offers "Military Drones Global Market Report 2020-30: Covid 19 Impact And Recovery" in its research report store. It is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.

The global military drones market is expected decline from $13.55 billion in 2019 and to $11.83 billion in 2020 at a compound annual growth rate (CAGR) of -12.70%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and reach $20.16 billion in 2023 at CAGR of 19.45%.

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The military drones market consists of sales of military drones and related services. The military drones are specifically used for military purposes such as border surveillance, battle damage management, combat operations, communication, delivery, and anti-terrorism weaponry. Military drones include tactical drones, MALE (Medium altitude, long endurance) drones, HALE (High altitude, long endurance) drones, TUAV (Tactical unmanned air vehicle) drones, UCAV (Unmanned combat air vehicle) drones, SUAV (Small unmanned air vehicle) drones, and others.

Drone swarm technology is growing its popularity in the military drones market due to its cost efficiency and high fire-power. Drone swarms are a large group of small drones that coordinate with each other to perform actions such as a survey of enemy territories, search and rescue and attacks on hostile objects. Drone swarm technology involves the production of several small cheap drones than one large expensive drone, therefore offering military drone manufacturers and end-users efficiency in terms of cost and time.

Military Drones Market Segmentation: -
By Product Type
1. Fixed-Wing
2. Rotary Wing
3. Hybrid

By Drone Type
1. MALE
2. HALE
3. TUAV
4. UCAV
5. SUAV

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Few Points From Table Of Content
1. Executive Summary
2. Military Drones Market Characteristics
3. Military Drones Market Size And Growth
4. Military Drones Market Segmentation
5. Military Drones Market Regional And Country Analysis
......
25. Military Drones Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Global Military Drones Market Market
27. Military Drones Market Trends And Strategies
28. Military Drones Market Future Outlook and Potential Analysis
29. Appendix

The report covers the trends and market dynamics of the military drones market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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Some of the key players involved in the military drones market are Northrop Grumman, Lockheed Martin, Boeing, AeroVironment , General Atomics.

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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.

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