Defense Drone Market 2023 Report By Key Companies, Regional Analysis And Forecast 2032

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

Defense Drone Market Size, Growth Rate, And Forecast
The global defense drone market size is expected to grow from $10.41 billion in 2022 to $11.18 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. 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, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global defense drone market size is expected to grow to $14.57 billion in 2027 at a CAGR of 6.8%.

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Defense Drone Market Drivers
The increasing defense expenditure is expected to propel the growth of the defense drone market going forward. Defense expenditure includes all current and capital expenditures on the armed forces, including peacekeeping troops of defense ministries and other government organizations involved in defense initiatives, paramilitary forces, and military activities. Defense drones are widely used in military operations due to their flexibility, minimal crew engagement, and lower manufacturing and maintenance costs.

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Defense Drone Market Segments
• By Product: Fixed-Wing Systems, Multirotor Systems, Other Products

• By Range: Short Range, Medium Range, High Range

• By Payload: Small Drones, Medium Drones, Large Drones

• By Application: Intelligence, Surveillance Reconnaissance and Targeting (ISRT), Combact Operations, Other Applications

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the defense drone market.

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Defense Drone Market Key Players
Major competitors in the defense drone market include General Atomics Aeronautical Systems Inc., Northrop Grumman Corporation, Israel Aerospace Industries Ltd., BAE Systems Plc., Lockheed Martin Corporation

The Business Research Company's "Global Defense Drone Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.

The Table Of Content For The Defense Drone Market Include:
1. Executive Summary
2. Defense Drone Market Characteristics
3. Defense Drone Market Trends And Strategies
4. Defense Drone Market - Macro Economic Scenario
5. Defense Drone Market Size And Growth
……
26. Africa Defense Drone Market
27. Defense Drone Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Defense Drone Market
29. Defense Drone Market Future Outlook and Potential Analysis
30. Appendix

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