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Military Drone Market worth $23.57 billion by 2030, growing at a CAGR of 7.34% - Exclusive Report by 360iResearch
Military Drone Market | 360iResearch
The Global Military Drone Market to grow from USD 14.35 billion in 2023 to USD 23.57 billion by 2030, at a CAGR of 7.34%.
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Military drones or unmanned aerial vehicles (UAVs) conduct defense missions of intelligence, reconnaissance, surveillance, and combat while being remotely controlled by drone pilots. These drones have long-range flights, improved endurance, and higher flight altitudes than conventional drones. Military drones are equipped with a more powerful engine, camera gear, and targeting system, which makes them an ideal choice for border patrolling across land and marine environments. Over the years, governments have significantly invested in deploying drones for surveillance and conducting R&D to develop advanced UAV versions. However, the non-availability of sustainable fuel to power drones and their immense safety issues have been major factors affecting the market development. With the emergence of advanced versions of UAVs focused on AI, ML, and big data and the improved capabilities of cargo delivery, the adoption of drones is set to rise across the military sector. Autonomous flights, highly-detailed 3D mapping, geotagging, and thermal detection are also the main focus areas of drone developers for improving aerial monitoring and data gathering of military drones.
The military drone market is highly evolving across the Americas and EMEA region owing to the rising need for advanced surveillance systems in military operations and increasing government expenditure for strengthening the defense sector. The ongoing research and development (R&D) activities by BAE Systems plc, Elbit Systems Ltd., Israel Aerospace Industries Ltd., Saab Group, and Thales Group, among others, have improved the availability and deployment of military drones in the EMEA region. The ongoing Russia-Ukraine war further increased the usage of various types of drones for communication, navigation, and surveillance due to rising geopolitical tensions. In addition, the major investments by the Asian economies, including China, India, Japan, South Korea, Singapore, and Australia, towards border security and surveillance have significantly increased the demand for military drones in past years.
Market Segmentation & Coverage:
This research report categorizes the Military Drone Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type, market is studied across Fixed Wing, Hybrid, and Rotary Wing. The Rotary Wing is projected to witness significant market share during forecast period.
Based on Propulsion, market is studied across Battery, Piston Engine, and Turbo Engine. The Battery is projected to witness significant market share during forecast period.
Based on Operation Mode, market is studied across Fully Autonomous, Optionally Piloted, and Remotely Piloted. The Fully Autonomous is projected to witness significant market share during forecast period.
Based on Speed, market is studied across Subsonic and Supersonic. The Subsonic is further studied across 51-300 Km/hr, 300 Km/hr. The Subsonic is projected to witness significant market share during forecast period.
Based on Launching Mode, market is studied across Automatic Take-off & Landing, Catapult Launcher, Hand Launched, and Vertical Take-off. The Vertical Take-off is projected to witness significant market share during forecast period.
Based on Platform, market is studied across Small, Strategic, and Tactical. The Small is further studied across Micro, Mini, and Nano. The Strategic is further studied across High Altitude Long Endurance and Medium Altitude Long Endurance. The Tactical is further studied across Close Range, Long Range, Medium Range, and Short Range. The Tactical is projected to witness significant market share during forecast period.
Based on Application, market is studied across Delivery, Intelligence, Surveillance, & Reconnaissance, and Unmanned Combat Aerial Vehicles. The Unmanned Combat Aerial Vehicles is further studied across Lethal, Stealth, and Target. The Unmanned Combat Aerial Vehicles is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 41.42% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Military Drone Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Military Drone Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Military Drone Market, highlighting leading vendors and their innovative profiles. These include Aerovironment, Inc., Airbus SE, Anduril Industries, Inc., Animal Dynamics Ltd., Asteria Aerospace Limited, BAE Systems plc, Elbit Systems Ltd., General Atomics, Griffon Aerospace, Israel Aerospace Industries Ltd., Leidos, Inc., Lockheed Martin Corporation, Northrop Grumman Corporation, Rafael Advanced Defense Systems Ltd., Raytheon Technologies Corporation, Robotican Corporation, Saab Group, Safran Group, Shield AI, Skydio, Inc., Teal Drones, Inc. by Red Cat Holdings, Teledyne FLIR LLC, Textron Systems, Thales Group, The Boeing Company, and Volansi, Inc..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Military Drone Market, by Type
7. Military Drone Market, by Propulsion
8. Military Drone Market, by Operation Mode
9. Military Drone Market, by Speed
10. Military Drone Market, by Launching Mode
11. Military Drone Market, by Platform
12. Military Drone Market, by Application
13. Americas Military Drone Market
14. Asia-Pacific Military Drone Market
15. Europe, Middle East & Africa Military Drone Market
16. Competitive Landscape
17. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Military Drone Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Military Drone Market?
3. What is the competitive strategic window for opportunities in the Military Drone Market?
4. What are the technology trends and regulatory frameworks in the Military Drone Market?
5. What is the market share of the leading vendors in the Military Drone Market?
6. What modes and strategic moves are considered suitable for entering the Military Drone Market?
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