Military Drones

Military Drones

Global Military Drones Market to Reach US$28.0 Billion by 2030

The global market for Military Drones estimated at US$13.6 Billion in the year 2023, is expected to reach US$28.0 Billion by 2030, growing at a CAGR of 10.9% over the analysis period 2023-2030. Fixed-Wing Drones, one of the segments analyzed in the report, is expected to record a 11.5% CAGR and reach US$17.5 Billion by the end of the analysis period. Growth in the Rotary-Wing Drones segment is estimated at 10.5% CAGR over the analysis period.

The U.S. Market is Estimated at US$5.1 Billion While China is Forecast to Grow at 14.6% CAGR

The Military Drones market in the U.S. is estimated at US$5.1 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.8 Billion by the year 2030 trailing a CAGR of 14.6% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 7.5% and 8.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 10.1% CAGR.

Global Military Drones Market - Key Trends & Drivers Summarized

Military drones have become an integral part of modern warfare and defense strategies. Among the most widely used drone types by defense agencies, military drones are used to guard borders, and for combating missions and law enforcement. These drones are used for a variety of military applications, including surveillance, reconnaissance, target acquisition, and even direct combat roles. Equipped with advanced sensors, cameras, and sometimes weaponry, military drones provide real-time intelligence and battlefield awareness without risking human lives. They come in various sizes and capabilities, from small tactical drones that can be launched by hand to large, sophisticated systems which can carry out long-duration missions at high altitudes. The versatility and effectiveness of military drones have made them indispensable tools for armed forces around the world.

Technological advancements have played a significant role in the evolution of military drones, enhancing their performance, endurance, and capabilities. Continuous innovation is leading to the development and launch of new drone models tailored to the specific requirements of the defense and security sectors. AI-powered military drones are gaining increasing attention for security and defense applications such as surveillance and combat operations. Increasing defense spending is anticipated to clear the way for sophisticated drones built on autonomous flight systems and AI edge computing. Another innovation is swarm technology, marked by collaborative operations of different drones, facilitated by sophisticated AI, for large-scale and challenging operations. Swarm drones are suitable options for scenarios like reconnaissance, development of a battlefield’s 3D maps in real time or strikes. Modern military drones are being equipped with multi-sensor systems that include air-to-air missiles, Communication Intelligence (COMINT) Sensors, and Global System for Mobile Communications (GSM). These enhancements significantly improve the surveillance, reconnaissance, and engagement capabilities of drones.

The growth in the military drones market is driven by several factors, including the evolving nature of modern warfare, increasing security concerns, and advancements in drone technology. The global rise in security threats is anticipated to drive demand and market growth in the coming years. Geopolitical tensions and conflicts around the world are also driving demand, as countries seek to enhance their defense capabilities and maintain a strategic advantage. The changing dynamics of warfare, as seen by the shift towards strategic, technology-driven combat, is leading to heightened emphasis on autonomous systems, such as drones and unmanned underwater vehicles, especially for tasks like counter-terrorism. Drones have become indispensable in modern military operations due to their surveillance capabilities, precision in preemptive strikes, and effectiveness in threat neutralization. Furthermore, the cost-effectiveness of drones compared to manned aircraft, in terms of both procurement and operational costs, is making them an attractive option for defense budgets. The ongoing development of counter-drone technologies and electronic warfare capabilities is also spurring innovation in the sector, as militaries seek to protect their assets while disrupting enemy drones.

Select Competitors (Total 72 Featured) -

• Aeronautics Ltd.
• AeroVironment, Inc.
• Anduril Industries, Inc.
• Asteria Aerospace Limited
• BAE Systems plc
• Elbit Systems Ltd.
• General Atomics Aeronautical Systems, Inc. (GA-ASI)
• Israel Aerospace Industries Ltd.
• Lockheed Martin Corporation
• Northrop Grumman Systems Corporation
• Saab AB
• Shield AI Inc.
• Teal Drones, Inc.
• Teledyne FLIR LLC
• Textron Systems Corporation
• Thales Group
• The Boeing Company

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