Military Drone Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Military Drone Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Military Drone Market

The military drone market size was valued at USD 12.55 billion in 2022, and the market is now projected to grow from USD 14.14 billion in 2023 to USD 35.60 billion by 2030, exhibiting a CAGR of 14.10% during the forecast period of 2023-2030.

The COVID-19 pandemic created significant opportunities on the military drone market growth as curbing coronavirus outbreak was prioritized. Disruptions inside the delivery chain because of the pandemic have affected the availability of components and preservation resources for drones, potentially impacting their operational readiness. Some countries can also have shifted their protection priorities in response to the pandemic, leading to adjustments inside the development and procurement plans for drones.

The military drone market share globally has been contributed due to the increasing military spending and growing procurement of military drones. Growing border disputes among nations over land ownership and manipulation of the place between two or more states are expected to grow product demand.

Furthermore, there’s been a notable trend of Introduction of artificial intelligence with autonomous flight systems. The drone era has witnessed a strong increase in the past few years because of continuous studies and development. Innovation, enhancing competencies, and the growing adoption of modernized, technologically advanced UAVs have opportunities.

Comprehensive Analysis of Military Drone Market

The military drone market and aerospace & defense industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the aerospace & defense industry. These segmentations are methodically segregated by product, range, technology, system, and application. The product types include, fixed wing, hybrid wing, and rotary wing. However, the technology are such as semi-autonomous drones, remotely operated drones, and autonomous drones.

The North American region is conducive to the global military drone market, leading to a recall of USD 4.53 billion owing to several OEMs, in the U.S. Advances were made in drone generation, which delivered the foremost developments within the U.S. Army, and elevated investment through key regional players boosted the marketplace boom.

The top players in the market play a crucial role in the aerospace & defense industry assuring industrial prospectus growth and setting market standards. These players include, General Atomics Aeronautical Systems, Inc. (U.S.), Lockheed Martin Corporation (U.S.), Elbit Systems Ltd. (Israel), AeroVironment, Inc. (U.S.), Thales Group (France), Boeing (U.S.), Northrop Grumman Corporation (U.S.), BAE Systems (U.K.), SAAB Group (Sweden), Israel Aerospace Industries Ltd. (Israel), and Textron Systems (U.S.) these market players provide a level-playing competitive landscape.

In February 2023, the U.S. Air Force completed the improvement of the face popularity era in UAVs. Autonomous drones ought to discover the goal and may be killed by themselves. Further, the drones can be run by using unique operations forces to acquire intelligence and project portions of facts.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2030

Base Year 2022

Estimated Year 2023

Forecast Period 2023-2030

Historical Period 2019-2021

Growth Rate CAGR of 14.10% from 2023 to 2030

Unit Value (USD Billion)

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

Payload

- Cameras

- CBRN Sensors

- EOIR Payload

- Radar

- LiDAR

- Others

Software

Others

By Application

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)

- U.S. (By Application)

- Canada (By Application)

Europe (Product Type, Technology, Range, System, Application, Country)

- U.K. (By Application)

- Germany (By Application)

- France (By Application)

- Italy (By Application)

- Spain (By Application)

- Russia (By Application)

- Rest of Europe (By Application)

Asia Pacific (Product Type, Technology, Range, System, Application, Country)

- Japan (By Application)

- China (By Application)

- India (By Application)

- Australia (By Application)

- Southeast Asia (By Application)

- Rest of Asia Pacific (By Application)

Rest of the World (Product Type, Technology, Range, System, Application, Country)

- Latin America (By Application)

- Middle East & Africa (By Application)


Please Note: It will take 2-3 business days to complete the report upon order confirmation.