Military Drones Market Research Depth Study, Segmentation Growth, Trends And Forecast 2031

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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%.

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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

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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
30. Appendix

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.

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