Press release
Worldwide Military Drones Market To Reach US$6.8 Bn By 2022, Increasing Application In Surveillance To Drive Growth
This 868-page market study, with the help of 397 tables and figures, presents a detailed assessment of the worldwide military drones market on the basis of various market parameters such as the production volume, pricing of products, the dynamics of demand and supply, and the growth rate of this market over the forecast period.
According to the research report, the worldwide market for military drones stood at US$4.4 bn in 2015. Analysts predict this market to reach an estimated value of US$6.8 bn by the end of the forecast period. The increasing application of military drones in surveillance and bombing, as well as intelligence missions and relief activities, is likely to drive the growth of this market significantly during the forecast period. Technical advancements in this field are also expected to boost this market in the coming years, notes the market study.
The report evaluates the worldwide military drones market on the basis of technology, application, and the regional distribution of this market. Based on the technology, the market has been classified into unmanned aerial systems (UAS) enhanced resilience, UAS surveillance, drone aerial systems perimeter surveillance, and small and micro-UAS drones. Based on the application, the market has been categorized into traffic monitoring UAS, agriculture mapping UAS, homeland security UAS, and UAS for scientific research.
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On the regional basis, the study segments the worldwide military drones market into North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa.
In this research report, the global market for military drones has also been analyzed on the basis of its competitive landscape. The company profiles of major market participants have been evaluated to determine the market hierarchy. As per the study, Insitu, Raytheon, BAE, General Atomics, China Aerospace, IAI, Honeywell, Northrop Grumman, Lockheed Martin, Draganflyer, and AeroVironment are leading the worldwide military drones market.
General Atomics, Challis Inc., Google, BAE Systems, General Dynamics, Elbit Systems, AeroVironment, Denel Dynamics, Aeryon Labs, Drone Innovation Holding Co., Finmeccanica, China Aerospace, Intel, Marcus UAV, and Boeing are the other prominent international manufacturers of military drones, mentioned in this market study.
The research study is aimed at providing a clear picture of the worldwide market for military drones to players and consultants who are currently operating in the market as well as those looking to venture into this market. It also attempts to assist them in making crucial strategies for the further expansion of their businesses.
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