Global Predator Drone Market 2023-2030

Global Predator Drone Market 2023-2030

Global Predator Drone Market Size, Share & Trends Analysis Report by Type (Fixed Wing, Rotatory wing, Hybrid), by Range (Visual Line of Sight, Extended Visual Line of Sight, Beyond Line of Sight), and by Technology (Remotely Operated, Semi-Autonomous, Autonomous), by System (Software, Hardware, and Others), Forecast Period (2023-2030)

Global predator drone market is anticipated to grow at a CAGR of 10.7% during the forecast period (2023-2030). Predator drones have advanced significantly over the past several years as a result of ongoing research and development. Possibilities exist for innovation that would increase the capability and adoption of current, technologically advanced UAVs. The majority of highly developed predator drones have a variety of sensor systems, including air-to-air missiles, communication intelligence sensors, and GSM communications. Additionally, the factor anticipated to present growth prospects during the forecast period is defense modernization. Another factor supporting the market growth includes the growing adoption of strategic initiatives by various market key players. For instance, in February 2023, HENSOLDT, based in Germany, teams up with Hindustan Aeronautics Limited (HAL) to transfer all the technology for an obstacle avoidance system. The HAL engine division will support the turbo-propeller engines that power the MQ-9B Guardian High Altitude Long Endurance (HALE) RPAS for the Indian market, according to an announcement made at Aero India by Predator Remotely Piloted Aircraft Systems (RPAS) from the United States, General Atomics, and HAL.

Segmental Outlook

The global predator drone market is segmented by type, range, technology, and system. Based on the type of the market is sub-segmented into fixed wings, rotatory wings, and hybrid. Based on the range, the market is sub-segmented into visual lines of sight, extended visual Line of sight, and beyond the line of sight. Based on the technology the market is sub-segmented remotely operated, semi-autonomous, and autonomous. Further, based on the System, the market is sub-segmented into software, hardware, and others.

The Software Sub-Segment is Anticipated to Grow at the Highest Rate

Among the system, the software, sub-segment is expected to hold a considerable share of the global predator drone market. Predator drone management and control depend heavily on software systems. They make it possible for operators to organize, carry out, and keep track of missions as well as manage the flight, payload deployment, and data collection of the drone. For instance, in May 2023, a software framework has purportedly been released by the American technology company Anduril Industries that enables a single operator to command swarms of predator drones and other autonomous systems. The program, known as the Lattice for Mission Autonomy, is intended to free up military personnel and other resources, so they can be used in other ways. The device can precisely locate most drone types within a radius of one kilometer, as well as the position of the operator.

Regional Outlook

The global predator drone market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America. Among these, North America is anticipated to hold a prominent share of the market across the globe, owing to the high concentration of the market solution vendors including Northrop Grumman Corp, AeroVironment Inc., Textron Inc., Lockheed Martin Corp, and others.

North America is Expected to Hold a Significant CAGR in the Global Predator Market

Among all regions, the North American region is anticipated to grow at a considerable CAGR over the forecast period. Regional growth is attributed to economic developments and technological enhancements. Unmanned aerial vehicle exports from the US are one factor in the predicted expansion of the region. Military HALE and MALE drones have historically been ordered by NATO and significant defense partners such as India from Lockheed Martin Corp and General Atomic Aeronautics. More contracts for military drones, including those for MUM-T (Manned-Unmanned Teaming Platforms) or ISR or target acquisition, are anticipated to go to these companies.

According to the Arms control association, Defense industry lobbyists and spokespeople contend that the US will lag behind other countries in the multibillion-dollar, rapidly expanding global drone market if the current US policy for exporting drones is not changed. They worry that some states will seek drone capabilities from other vendors, such as China, for their armed forces and intelligence services. Furthermore, they note that if the US tries to undermine the MTCR to increase its market share globally, it will probably hinder attempts to guarantee that other missile and drone-producing governments comply with its rules.

Market Players Outlook

The major companies serving the market include General Atomics Aeronautical Systems Inc., Lockheed Martin Corp, Rafael Advanced Defense Systems, Northrop Grumman Corp, Hindustan's Aeronautics Ltd., AeroVironment Inc., Israel aerospace industries, Elbit Systems Ltd., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in June 2023, The India-US Defense Acceleration Ecosystem (INDUS-X) was introduced by the US Department of Defense (DoD) and the Ministry of Defense during a gathering in Washington, DC. Specifically, the program aims to ""expand the strategic technology partnership and defense industrial cooperation"" between the two nations. Innovative innovations from start-ups in the US and India were on display during the event. To Indian and US stakeholders, 15 Indian start-ups and 10 US start-ups presented their technologies in the fields of space, artificial intelligence, autonomous systems, and maritime.

The Report Covers

Market value data analysis of 2022 and forecast to 2030.

Annualized market revenues ($ million) for each market segment.

Country-wise analysis of major geographical regions.

Key companies operating in the global predator drone market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.

Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

Analysis of market-entry and market expansion strategies.

Competitive strategies by identifying ‘who-stands-where’ in the market.