Military Drone Market Size, Share, Emerging Trends And Forecast 2025-2032

The military drone market was valued at USD 14.14 billion in 2023 and is expected to grow from USD 16.07 billion in 2024 to USD 47.16 billion by 2032, reflecting a compound annual growth rate (CAGR) of 13.15% during the forecast period. In 2023, North America held the largest market share of 36.1% in the military drone sector. The market in the U.S. is also projected to experience substantial growth, with an estimated value of USD 10.71 billion by 2030, fueled by increased R&D investments from key industry players such as Sikorsky, Boeing, and other regional companies.

The military drone market refers to the industry that deals with the production, sale, and deployment of unmanned aerial vehicles (UAVs) specifically designed for military purposes The market for military drones has experienced significant growth in recent years due to advancements in technology, increasing defense budgets of various countries, and the growing demand for unmanned systems in modern warfare. Military drones offer several advantages over manned aircraft, such as cost-effectiveness, increased endurance, and the ability to operate in hazardous or inaccessible environments.

𝐆𝐞𝐭 𝐚 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/military-drone-market-102181

𝐋𝐢𝐬𝐭 𝐨𝐟 𝐊𝐞𝐲 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐏𝐫𝐨𝐟𝐢𝐥𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐌𝐢𝐥𝐢𝐭𝐚𝐫𝐲 𝐃𝐫𝐨𝐧𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭:
• Textron Systems (US)
• BAE Systems (UK)
• Thales Group (France)
• AeroVironment, Inc. (US)
• Elbit Systems Ltd. (Israel)
• General Atomics Aeronautical Systems, Inc. (US)
• SAAB Group (Sweden)
• Boeing (US)
• Lockheed Martin Corporation (US)
• Israel Aerospace Industries Ltd. (Israel)
• Northrop Grumman Corporation (US)

𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐫𝐢𝐯𝐞𝐫
Promising Advancements in Autonomous UAVs to Boost Growth
The introduction of the artificial intelligence (AI) in UAVs has triggered an unprecedented wave of innovation in drone technology. Several companies and start-ups are actively researching and developing UAVs armed with autonomous tools powered by AI and machine learning (ML) capabilities, which is fueling the military drone market growth. For example, Lockheed Martin, the aerospace & defense behemoth, offers a drone designed for field use called 'Desert Hawk III' that can be operated by a single user. The drone can chart its upcoming flight path and even train the operator on how to deploy and maneuver it in the field. Similarly, another US-based defense company, AeroVironment, has a novel line-up of military drones called the Raven series, which can fly autonomously along a route using GPS coordination and computer vision. Such innovations are intensifying technology-based conflicts between countries and widening the scope of this market.

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:
By Product Type
• Fixed Wing
• Hybrid
• Rotary Wing
By Technology
• Remotely Operated Drones
• Semi-Autonomous Drones
• Autonomous Drones
By Range
• Visual Line of Sight (VLOS)
• Extended Visual Line of Sight (EVLOS)
• Beyond Line Of Sight (BLOS)
By System
• Airframe
• Avionics
• Propulsion
• Electric Propulsion Engine
• Turboprop Engine
• Turboshaft Engine
By Applications
• Intelligence, Surveillance Reconnaissance and Targeting (ISRT)
• Combat Operations
• Battle Damage Management
• Logistics & Transportation
• Others
By Geography
• North America (Product Type, Technology, Range, System, Application, Country)
• Europe (Product Type, Technology, Range, System, Application, Country)
• Asia Pacific (Product Type, Technology, Range, System, Application, Country)
• Rest of World (Product Type, Technology, Range, System, Application, Country)

𝐁𝐫𝐨𝐰𝐬𝐞 𝐒𝐮𝐦𝐦𝐚𝐫𝐲:
https://www.fortunebusinessinsights.com/military-drone-market-102181

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬
Massive Investments in Drone Technology to Drive Market Growth in North America
The market size in North America stood at USD 3.8 billion in 2019 and the region is expected to retain its dominant position throughout the forecast period. The central factor propelling the regional market growth is the large-scale investments being made by the governments and private defense companies and OEMs in the US and Canada in UAV technology.
Europe occupies a strong position in the military drone market share owing to the increasing adoption of tactical drones for conducting surveillance operations. Their demand has also spiked in recent years due to the increasing threat of terrorist attacks. In Asia Pacific, market growth will be led by the steadily rising military expenditures of India and China.

Competitive Landscape
Core Competitors to Strategically Invest to Broaden Operational Horizons
The competitive dynamics of this market are being shaped by the activities of dominant players in the defense industry such as Boeing and Textron. These players are heavily investing in R&D to diversify their offerings and expand their operations through government contracts and private partnerships.

𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬:
• June 2020: The Thales Group entered into an agreement with the State of North Dakota to establish a statewide unmanned aircraft systems network to conduct beyond visual line of sight (BVLOS) operations. Thales will be coordinating with a consortium of companies based in North Dakota and facilitate systems integration as well as provide engineering services.
• February 2020: BAE Systems successfully completed the maiden test flight of the Persistent High Altitude Solar Aircraft (PHASA-35) in South Australia. Backed by Australia's Defence Science and Technology Group and UK's Defence Science and Technology Laboratory, the PHASA-35 has been engineered to stay airborne for up to a year and is touted to be game-changer in the drone surveillance domain.

𝐒𝐩𝐞𝐚𝐤 𝐓𝐨 𝐀𝐧𝐚𝐥𝐲𝐬𝐭:
https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/military-drone-market-102181

𝐑𝐞𝐚𝐝 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:
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https://www.fortunebusinessinsights.com/non-destructive-testing-ndt-market-103596
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https://www.fortunebusinessinsights.com/industry-reports/ground-support-equipment-market-101823

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This release was published on openPR.