Military Drones Market Research Depth Study, Segmentation Growth, Trends And Forecast 2031
The global military drones market report by the business research company identifies Increasing government funding for military drones to enhance efficiency in military operations boosts the demand for the production to be a major growth driver for the military drones market. According to the 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 drone market.
The global military drones market grew from $13.31 billion in 2021 to $13.98 billion in 2022 at a compound annual growth rate (CAGR) of 5.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The military drone market is expected to grow to $16.73 billion in 2026 at a CAGR of 4.6%.
Purchase The Military Drones Market Report Here:
Asia Pacific was the largest region in military drones market in 2021. Western Europe is expected to be the fastest growing region in the forecast period. The regions covered in the global military drones market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major players in the military drones market are Northrop Grumman, Lockheed Martin, Boeing, AeroVironment, General Atomics, Textron, Elbit Systems, Israel Aerospace Industries, Thales, China Aerospace Science And Technology Corporation.
The global military drones market is segmented -
1) By Drone Type: MALE, HALE, TUAV, UCAV, SUAV
2) By Type: Fixed-Wing, Rotary Wing, Hybrid
3) By Technology: Remotely Operated, Semi-Autonomous, Autonomous
4) By Application: Search and Rescue, National Defense, Military Excercises
Request A Sample Of The Military Drones Market Report Here:
The Military Drones Market Report Contents Include
1. Executive Summary
2. Military Drones Market Characteristics
3. Military Drones Market Trends And Strategies
4. Military Drones Market - Macro Economic Scenario
5. Military Drones Market Size And Growth
26. Africa Military Drones Market
27. Military Drones Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Military Drones Market
29. Military Drones Market Future Outlook and Potential Analysis
This 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.
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Check Out Our:
TBRC Blog: http://blog.tbrc.info/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Healthcare Blog: https://healthcareresearchreports.com/
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that excels in company, market, and consumer research. It has published over 3000 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.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Military Drones Market Research Depth Study, Segmentation Growth, Trends And Forecast 2031 here
News-ID: 2821277 • Views: 153
More Releases from The Business research company
Vertical - Specific Software Market Insights, Trends, Segments And Global Foreca …
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032 As per the vertical - specific software minerals market report by The Business Research Company, The adoption of 5G technology is expected to propel the growth of the vertical-specific software market going forward. 5G is the fifth generation of mobile networks that enables a new type
Therapeutic Nutrients And Minerals Market Trends, Growth, Major Players Analysis …
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032 As per the therapeutic nutrients and minerals market report by The Business Research Company, The rising demand for immunity-boosting products is expected to propel the growth of the therapeutic nutrients and minerals market going forward. Immunity-boosting products are dietary supplements, foods, or beverages that improve or
Networking Support Services Market Trends, Top Companies, Share, Growth And Fore …
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032 Networking Support Services Market Size, Growth Rate, And Forecast The global networking support services market size is expected to grow from $838.14 billion in 2022 to $886.56 billion in 2023 at a compound annual growth rate (CAGR) of 5.8%. The Russia-Ukraine war disrupted the chances of global
Household Natural Gas Distribution Market
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032 Household Natural Gas Distribution Market Size, Growth Rate, And Forecast The global household natural gas distribution market size is expected to grow from $169.49 billion in 2022 to $179.20 billion in 2023 at a compound annual growth rate (CAGR) of 5.7%. The Russia-Ukraine war disrupted the chances
More Releases for Drone
Skyline X Drone - Legit Foldable Drone
Visit Official Website Here >> https://bit.ly/3IjfkCq The Skyline X Drone is a compact and efficient quad copter with a modern design, made for users who love capturing beautiful, spectacular, wide angled, high-definition aerial photographs and videos. Contrary to common beliefs and opinions of portable drones being just toys, the Skyline X drone has numerous great features that the user can greatly benefit from, and this puts it far apart from toy views. Get
QuadAir Drone - Best Affordable Drone of 2021
QuadAir Drone is a precision engineered drone which is specifically designed for easy flying, making it perfect to fly inside or to record action shots whilst on the move. Get Exclusive Discount on QuadAir Drone >> https://bit.ly/2YwTw3H About QuadAir Drone A marvel of engineering and design, the QuadAir Drone Pro was built to go wherever you travel. Inheriting the best of the QuadAir Drone series, this ultraportable and foldable drone features
Quadair Drone review;The latest Drone
QUADAIR DRONE REVIEW 2021; IS THIS LATEST DRONE WHAT YOU ACTUALLY NEED? Quadair Drone review; It is so amazing how the world keeps unfolding with many technologies. Though this has all been proved decades back in paperwork, the practical aspect will never cease to be a wonder scientists keep proving their worth. To say that unmanned aerial vehicles popularly known as drones keep advancing from what was majorly used by the
Novum Drone Reviews : Read This Novum Drone Review Before Buying This Foldable D …
After over 550 hours of research and thorough reviews of the latest drones and consultation with experts for Novum drone reviews, we came up with this post about the Novum drone. There are lots of cheap knock offs drones which promise to give you incredible shots under delivers on its advertising claims. So, we took our time to review Novum Drone to ensure you don’t lose your money for craps. According to
XPRO Drone Reviews: A Legit or A Scam 4k Drone? [$199 USA Best Drone]
XPRO Drone Review: Everybody understands that the large technology companies are taking advantage of us. They do not appear to make much progress from year to year, but their drones seem to be growing more and more expensive every year. For a long time, the drone business was dominated by a limited number of large corporations who were able to set any pricing they desired due to the lack of
QuadAir Drone Reviews : Read This Quad Air Drone Review Before Buying This Folda …
QuadAir Drone Review: The way things are done has changed and improved dramatically as a result of technological advancements. The use of drones in photography and videography has had a positive impact on the film industry. A drone is a device that is used in photography and videography to take still aerial shots. There are many different types of drones available on the market. Quadcopter drones have recently piqued the interest