Combat Drone Market Report 2024-2033: Size, Growth, Trends, Demand & Competitive Outlook

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Combat Drone Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $12.59 Bn In 2028 At A CAGR Of 9.3% :

The combat drone market size has grown strongly in recent years. It will grow from $8.03 billion in 2023 to $8.81 billion in 2024 at a compound annual growth rate (CAGR) of 9.7%. The growth in the historic period can be attributed to military modernization, commercial innovation, doctrine and strategy evolution, asymmetric warfare.

The combat drone market size is expected to see strong growth in the next few years. It will grow to $12.59 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%. The growth in the forecast period can be attributed to advancements in artificial intelligence (AI) and autonomy, miniaturization of sensors and payloads, integration of swarming technology, development of stealth and low observable technologies. Major trends in the forecast period include swarming technology, integration with manned platforms, adoption of artificial intelligence, multi-domain operations.

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Combat Drone Market Major Segments
The combat drone market covered in this report is segmented -

1) By Type: Fixed Wing, Rotary Wing, Hybrid
2) By Launching Mode: Air Launched Effect, Vertical Take-Off, Automatic Take Off and Landing, Catapult Launcher, Hand Launched
3) By Platform: Small, Nano, Micro, Mini, Tactical, Close Range, Short Range, Medium Range, Long Range, Strategic
4) By Application: Lethal, Stealth, Loitering Munition, Reversible, Expendable, Target

Key Driver - Defense Sector Expansion Fuels Growth in Combat Drone Market

The growing defense sector is expected to propel the growth of the combat drone market going forward. The defense sector refers to the industry involved in the development, manufacturing, procurement, and maintenance of military equipment, technologies, and systems used for national defense and security purposes. The increasing emphasis on defense sector investment can provide the necessary advancement and proliferation of combat drone technology, fostering innovation, driving market demand, and expanding the capabilities of unmanned systems in military operations. For instance, in April 2022, according to the Stockholm International Peace Research Institute, a Sweden-based institute and independent resource on global security, world military spending continued to grow in 2021, reaching an all-time high of $2.1 trillion. Total global military expenditure increased by 0.7% in real terms in 2021 to reach USD 2,113 billion. Russia increased its military expenditure by 2.9% in 2021, to $65.9 billion. Further, China allocated an estimated $293 billion to its military in 2021, an increase of 4.7% compared with 2020. Therefore, increasing defense expenditure is driving the growth of the defense market.

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Prominent Trend - Innovations Driving the Evolution of Combat Drones

Major companies operating in the combat drone market focus on autonomous unmanned aircraft systems to meet the growing demand for combat drones. An autonomous uncrewed aircraft system, or drone, is an advanced technology used in various applications such as surveillance, security, and force protection. For instance, in September 2023, Anduril Industries, a US-based defense technology company, launched the Ghost-X system, an upgraded version of its Ghost autonomous uncrewed aircraft system. The system can carry heavier payloads and fly for extended periods. The upgraded propulsion system allows it to take two batteries, extending its flight time to 75 minutes and doubling its payload capacity to 9 kilograms (20 pounds). Ghost-X also has an optional long-range communications kit and can be configured to fly a range of sensors and payloads, including electro-optical gimbals and a vision-based navigation module that allows it to fly without the global navigation satellite system.

Combat Drone Market Players
Major companies operating in the combat drone market are Raytheon Technologies Corporation, Lockheed Martin Corporation, China Aerospace Science and Technology Corporation, General Dynamics Corporation, Northrop Grumman Corporation, BAE Systems plc, Boeing Defense Space & Security, Textron Inc., Leonardo S.p.A., Rheinmetall AG, Elbit Systems Ltd., Saab AB, General Atomics Aeronautical Systems, Aerojet Rocketdyne, Turkish Aerospace Industries, Baykar Defense, Kratos Defense & Security Solutions, Denel Dynamics, Yuneec International, AeroVironment Inc., Israel Aerospace Industries Ltd., Aurora Flight Sciences, Chengdu Aircraft Industry Group, BlueBird Aero Systems, Icarus Aerospace Industries

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Largest And Fastest Growing Region In The Market
North America was the largest region in the combat drone market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the combat drone market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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

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