Defense Drone Market Size Forecast: $16.8 Billion by 2029 | Global Outlook

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What Is the Projected Market Size Valuation of the Defense Drone Market by 2025?
The size of the defense drone market has seen a significant expansion in recent years. The market size, which is projected to be $11.9 billion in 2024, is set to escalate to $12.75 billion in 2025 indicating a compound annual growth rate (CAGR) of 7.2%. This growth during the historical period can be credited to factors such as escalating security issues, updates in military strategy, enhanced border security and surveillance, operations countering terrorism, and advancements in unmanned systems.

What Is the Estimated Market Growth Value for the Defense Drone Industry in 2029?
In the coming years, the defense drone market is anticipated to witness robust growth, expanding to $16.8 billion in 2029 with a compound annual growth rate (CAGR) of 7.1%. The expected growth throughout this period can be related to the rising geopolitical uncertainties and threats, increased focus on maritime domain awareness, advances in counter-drone technology, military procurement initiatives, and integration with command and control systems. Throughout the forecast period, prominent trends comprise counter-drone technologies, dual-use applications, collaborative partnerships and alliances, growth of regulatory frameworks, and advancements towards environmental sustainability.

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What Are the Growth Drivers and Opportunities in the Defense Drone Market?
The boost in the defense expenditure is anticipated to spur the expansion of the defense drone market. The financing for defense encapsulates all ongoing and capital expenditures on military forces, also includes defense ministries' peacekeeping forces and other governmental bodies engaged in defense programs, paramilitary organizations, and defense activities. Defense drones have become significantly prevalent in military procedures due to their versatility, reduced crew interaction, and decreased manufacturing and upkeep expenses. For example, a study conducted by the Stockholm International Peace Research Institute (SIPRI), an independent international organization based in Sweden that investigates into conflicts, armaments, and disarmament, indicated in April 2022 that in 2021, there was a 0.7% increase in global defense expenditure, reaching a total of $2,113 billion. Thus, the surge in defense expenditure is fueling the demand for the defense drone market.

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What Are the Primary Segments Covered in the Global Defense Drone Market Report?
The defense drone market covered in this report is segmented -

1) By Product: Fixed-Wing Systems, Multirotor Systems, Other Products
2) By Range: Short Range, Medium Range, High Range
3) By Payload: Small Drones, Medium Drones, Large Drones
4) By Application: Intelligence, Surveillance Reconnaissance And Targeting (ISRT), Combat Operations, Other Applications

Subsegments:
1) By Fixed-Wing Systems: Tactical UAVs, Strategic UAVs, Reconnaissance And Surveillance Drones
2) By Multirotor Systems: Quadcopters, Hexacopters, Octocopters
3) By Other Products: Hybrid Drones, Nano Drones, Ground Control Stations, Drone Accessories And Payloads

What Are the Top Growth Trends in the Defense Drone Market?
Leading companies in the defense drone market are investing in the creation of novel technologies to solidify their market standing. These breakthrough technologies serve to enhance the capabilities and efficacy of the defense drone market. For instance, AquaAirX, a drone manufacturer based in India, in December 2023, unveiled the nation's first AI-powered amphibious drone. The drone is designed for underwater visual inspection in naval, oil, and gas sectors. This impressive drone, devised by Nmit and NSRCEL-incubated startups, is expected to find extensive usage in defense and commercial scenarios. Concurrently, the Indian Navy is developing an Extra Large Unmanned Underwater Vehicle (XLUUV) for functions like intelligence, surveillance, reconnaissance, and mine warfare.

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Which Companies Are Shaping the Future of the Defense Drone Market?
Major companies operating in the defense drone market include Raytheon Company, The Boeing Company, Lockheed Martin Corporation, Airbus SE, General Dynamics Corporation, Northrop Grumman Corporation, BAE Systems Plc., Thales Group, L3Harris Technologies, Inc., Leonardo S.p.A., Elbit System Ltd., Israel Aerospace Industries Ltd., Teledyne FLIR LLC, Saab Group, Hindustan Aeronautics Ltd., General Atomics Aeronautical Systems Inc., QinetiQ Group plc, FLIR Systems, Inc., Turkish Aerospace Industries Inc., Textron Systems, Kratos Defense & Security Solutions, Inc., Insitu Inc., AeroVironment Inc.

Which Region Holds the Largest Market Share in the Defense Drone Industry?
North America was the largest region in the defense drone market share in 2024. Asia-Pacific is expected to be the fastest-growing region in the global defense drone market analysis during the forecast period. The regions covered in the defense drone market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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