Press release
Global Collaboration and AI Integration Boost Military Gliders and Drones Market to $54.4B by 2028 with 7.1% CAGR
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.Military Gliders and Drones 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 $54.4 billion In 2028 At A CAGR Of 7.1%:
The military gliders and drones market size has grown strongly in recent years. It will grow from $37.8 billion in 2023 to $41.33 billion in 2024 at a compound annual growth rate (CAGR) of 9.3%. The growth in the historic period can be attributed to tactical reconnaissance, target acquisition, cost savings, strategic intelligence, improved technology.
The military gliders and drones market size is expected to see strong growth in the next few years. It will grow to $54.4 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to swarm technologies, counter-uas (unmanned aircraft systems), autonomous capabilities, ai and machine learning integration, hybrid propulsion systems. Major trends in the forecast period include stealth and low observability, vertical takeoff and landing (vtol) drones, anti-jamming and cybersecurity, multi-mission platforms, global collaboration.
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Military Gliders and Drones Market Major Segments
The military gliders and drones market covered in this report is segmented -
1) By Type: Military Gliders, Military Drones
2) By Technology: Remotely Operated, Semi-Autonomous, Autonomous
3) By Application: Search and Rescue, National Defense, Military Exercises, Others
Key Driver - Increased Funding For Unmanned Aerial Vehicles (UAVS) Fuels Growth In The Military Glider And Drone Market
Increasing funding for unmanned aerial vehicles, or drones, is projected to contribute to the growth of the military glider and drone market. The growing requirement for intelligence, surveillance, and reconnaissance assets has generated higher demand for military gliders and drones. The militaries are expected to spend around $98 billion on new intelligence gathering and strike capabilities. According to the Teal Group, global research and development and procurement spending on drones is estimated to rise from $11.1 billion in 2020 to $14.3 billion by the end of 2029. Research and development spending is expected to increase from $3.2 billion in 2020 to $4 billion by 2029, and procurement funding is likely to increase from $7.9 billion in 2020 to $10.3 billion by the end of 2029. Such investments in unmanned aerial vehicles, or drones, are expected to drive the military glider and drone market during the forecast period.
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Prominent Trend - Rising Adoption Of Artificial Intelligence Enhances Capabilities Of Military Gliders And Drones
Artificial Intelligence (AI) in military gliders and drones is gaining popularity in the military drone and glider market. Top companies in the industry are focusing on designing and developing drones and UAVs with AI capabilities. For instance, the companies offering military drones with AI capabilities include Shield. AeroVironment (offers Nova, an autonomous drone for indoor navigation), AeroVironment (offers Raven series, the world's most widespread drones), Lockheed Martin (offers Desert Hawk III, a drone with operator training capabilities), and Neurala (offers Neurala Brain, an AI software that allows military drones to patrol missions and conduct reconnaissance missions.
Military Gliders and Drones Market Players
Major companies operating in the military gliders and drones market include Schempp-Hirth Flugzeugbau GmbH, China Aerospace Science and Industry Corporation, Lockheed Martin, Textron Systems, BAE Systems Inc., Jonker Sailplanes, Leonardo, Boeing Co., DG Flugzeugbau GmbH, Aerovironment Inc., Ascent Aerosystems, BFD Systems, Cleo Robotics, Corvus Robotics, DragonFly, Easy Aerial Inc., Teledyne FLIR LLC, Action Drone Inc., Drone America, Inova drone, Insitu Inc., Skyfish, Skypersonic, Raytheon Company, Northrop Grumman, Elbit Systems Ltd., Israel Aerospace Industries Ltd., General Atomics Aeronautical Systems Inc., SZ DJI Technology Co. Ltd.
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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the military gliders and drones market in 2023. Western Europe is expected to be the fastest-growing region in the military gliders and drones market during the forecast period. The regions covered in the military gliders and drones 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. Military Gliders and Drones Market Report Structure
3. Military Gliders and Drones Market Trends And Strategies
4. Military Gliders and Drones Market - Macro Economic Scenario
5. Military Gliders and Drones Market Size And Growth
…..
27. Military Gliders and Drones Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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