Global Military Drones Market to Reach $53.7 Billion by 2030
The global market for Military Drones estimated at US$22.3 Billion in the year 2022, is projected to reach a revised size of US$53.7 Billion by 2030, growing at a CAGR of 11.6% over the analysis period 2022-2030. Fixed-Wing, one of the segments analyzed in the report, is projected to record 10.7% CAGR and reach US$20.2 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Rotary-Wing segment is readjusted to a revised 13.1% CAGR for the next 8-year period.The U.S. Market is Estimated at $6.1 Billion, While China is Forecast to Grow at 16.2% CAGR
The Military Drones market in the U.S. is estimated at US$6.1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$12.4 Billion by the year 2030 trailing a CAGR of 16.2% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.1% and 9.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 8.2% CAGR.Select Competitors (Total 33 Featured) -
- AAI Corporation - Textron Systems
- AeroVironment, Inc.
- Aeryon Labs Inc.
- American Dynamics
- BAE Systems
- Boeing
- Elbit Systems Ltd.
- General Atomics Aeronautical Systems, Inc.
- Israel Aerospace Industries Ltd.
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- Thales Group
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Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- AAI Corporation – Textron Systems
- AeroVironment, Inc.
- Aeryon Labs Inc.
- American Dynamics
- BAE Systems
- Boeing
- Elbit Systems Ltd.
- General Atomics Aeronautical Systems, Inc.
- Israel Aerospace Industries Ltd.
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- Thales Group
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 89 |
Published | May 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 22.3 Billion |
Forecasted Market Value ( USD | $ 53.7 Billion |
Compound Annual Growth Rate | 11.6% |
Regions Covered | Global |