Military Drone Market 2021 Strategic Assessment- Northrop Grumman, General Atomics, Lockheed Martin, Textron

Global Military Drone Market Size, Manufacturers, Supply Chain, Sales Channel And Clients, 2021-2027

The report presents an in-depth assessment of the Military Drone Market including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents SWOT Analysis and forecast for Military Drone investments from 2021 till 2027.

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Key Market Players:  Northrop Grumman, General Atomics, Lockheed Martin, Textron, Boeing, Airbus, IAI, AVIC, CASC, Thales Group, AeroVironment

In 2020, the global Military Drone market size was US$ 10300 million and it is expected to reach US$ 16120 million by the end of 2027, with a CAGR of 6.6% during 2021-2027.

Northrop Grumman is the leading manufacturer in the global military drone market with the market share of about 34.5%.

Increasing government funding on military drones to enhance efficiency in military operations boosts the demand for the production of military drones. According to the 2018 report published by the Bard College Center for the Study of the Drone, in 2019, the U.S. Navy funding for unmanned systems increased by $1 billion (38%) and the U.S Army funding increased by $719 million (73%), when compared to 2018. Furthermore, the Department of Defense in the US requested approximately $9.39 billion for drones and associated technologies in the fiscal year 2019, representing a significant expansion of 26% in drone spending over the 2018 budget, which was $7.5 billion. Hence, the increasing government spending on unmanned drones is driving the military drones market.

The rising usage of drones in military applications are other factors fueling demand for the global military drones market in the coming years. Growing defense budget and growing adoption of UAVs for several military applications are fueling demand for this market in the coming years. In addition, the military drones are increasingly used in defense sector for various applications such as monitoring, mapping and surveying, product delivery and for border surveillance. 

Segment by Type, the Military Drone market is segmented into
Fixed Wing
Rotary Wing
By type, fixed wing is the most commonly used type, with over 98% market share in 2018.

Segment by Application, the Military Drone market is segmented into
Search and Rescue
National Defense
Military Exercises
Others
National defense segment accounted for the most of market share (about 54% in 2018), in terms of value.

For comprehensive understanding of market dynamics, the Military Drone Market is analysed across key geographies namely: United States, China, Europe, Japan, South-east Asia, India and others. Each of these regions is analysed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

Highlights of Military Drone Market:

-The report provides a detailed analysis of current and future market trends to identify the investment opportunities of the Market.

- The updated study provides insights, analysis, estimations, and forecasts, considering the COVID-19 impact on the market.

-Key Military Drone market trends across the business segments, regions and countries

-Key developments and strategies observed in the market

-In-depth company profiles of key players and upcoming prominent players

-Key market dynamics such as drivers, restraints, opportunities and other trends

Browse the report description:

https://www.marketinsightsreports.com/reports/08023129230/global-military-drone-market-size-manufacturers-supply-chain-sales-channel-and-clients-2021-2027?mode=Neha        

Major points from Table of Contents:
Chapter 1    Introduction   
Chapter 2    Research Methodology
Chapter 3    Executive Summary   
Chapter 4    Market Outlook
Chapter 5    Military Drone Market by Application   
Chapter 6    Military Drone Market by Component   
Chapter 7    Military Drone Market by Technology   
Chapter 8    Military Drone Market by Region   
Chapter 9    Competitive Landscape   
Chapter 10    Company Profiles

Research Methodology:

A recent market intelligence report that is published on the global Military Drone market makes an offering of analysis of segments and sub-segments in the regional and international market. The research also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and global market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of global Military Drone market is offered.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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