Military Unmanned Aerial Vehicles market was valued at US$ 12170 million in 2022 and is anticipated to reach US$ 16970 million by 2029, witnessing a CAGR of 5.7% - Valuates Reports

The global Military Unmanned Aerial Vehicles market was valued at US$ 12170 million in 2022 and is anticipated to reach US$ 16970 million by 2029, witnessing a CAGR of 5.7% during the forecast period 2023-2029.

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Military Unmanned Aerial Vehicles is an aircraft that does not require human pilot onboard, and is mainly used for military purposes. The drone is an integral part of the UAS; it includes the drone, the ground controller and the communication system between the two. The flight of the drone can be operated with varying degrees of autonomy: remotely controlled by the operator or autonomously operated by the onboard computer.
The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The industry's leading producers are Northrop Grumman, General Atomics and Lockheed Martin, with revenues of 34.49%, 22.71% and 7.73% in 2019.

This report aims to provide a comprehensive presentation of the global market for Military Unmanned Aerial Vehicles, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Military Unmanned Aerial Vehicles.
The Military Unmanned Aerial Vehicles market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Military Unmanned Aerial Vehicles market comprehensively. Regional market sizes, concerning products by type, by application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Military Unmanned Aerial Vehicles companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.

Segment by Type
Fixed Wing
Rotary Wing

Segment by Application
Search and Rescue
National Defense
Military Exercises
Others

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