Fixed Wing Military Drones Market - Demand, Size, Share, Scope & Forecast To 2031

Military drones are the combat version of unmanned aerial vehicles (UAVs). Military drones are used for number of missions such as surveillance, intelligence gathering, early warning, artillery & gunship guidance, and threat detection. In recent years, military drones have become advanced and are equipped with high quality video cameras, improved GPS system, bombs, precision guided missiles etc. Such improvements have made these drones much more lethal and thereby military drones or combat drones have being used widely in operations against terrorism, spying on other countries etc.

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COVID-19 Scenario analysis:

Due to COVID-19 situation, the research & development in fixed wing military drone companies across the globe has been hampered due to the declared lockdowns and government restrictions on public gatherings.

As governments spending shift towards economic recovery due to COVID-19 pandemic, industries may experience reduction in quantity of order for fixed wing military drones, which will directly affect the growth of fixed wing military drones making companies.

Production rate of fixed wing military drone making companies have been affected adversely due to COVID-19 situation.

Cancellation of several military exercises between nations and reduction in military activities worldwide due to COVID-19, has been impacting adversely to military drones market as demand of relevant spare parts is also low.

Rising use of drones for combat missions, increase in the role of military drones for ocean surveillance, and cost effectiveness as compared to manned aircraft are some of the major factors which drive the fixed wing military drones market. However, lack of skilled manpower for operating the drones may hamper the fixed wing military drones market. Contrarily, technological advancements such as increase in endurance limit can be opportunistic for the fixed wing military drones market.

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At instance, USA killed Iranian general Qassem from MQ-9 Reaper drone (a fixed wing drone) on January 2020. Similarly, Israel is also reportedly conducting several operations using such type of military drones. Further, India have ordered more than 50 combat drones from Israel and there are ongoing discussions with USA for procurement of long-range fixed wing military drones. Hence, rising use of military drones worldwide will generate significant demand in the future and thereby driving the global fixed wing military drones market.

Key benefits of the report:

This study presents the analytical depiction of the fixed wing military drones industry along with the current trends and future estimations to determine the imminent investment pockets.

The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global fixed wing military drones market share.

The current market is quantitatively analysed from 2020 to 2027 to highlight the global fixed wing military drones market growth scenario.

Porter's five forces analysis illustrates the potency of buyers & suppliers in the market.

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