The global market for Military Drones is estimated at US$13.6 Billion in 2023 and is projected to reach US$28.0 Billion by 2030, growing at a CAGR of 10.9% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
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.
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.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Fixed-Wing Drones segment, which is expected to reach US$17.5 Billion by 2030 with a CAGR of a 11.5%. The Rotary-Wing Drones segment is also set to grow at 10.5% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $5.1 Billion in 2023, and China, forecasted to grow at an impressive 14.6% CAGR to reach $4.8 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Military Drones Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Military Drones Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Military Drones Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Aeronautics Ltd., AeroVironment, Inc., Anduril Industries, Inc., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
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
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISSOUTH KOREAREST OF ASIA-PACIFICBRAZILREST OF LATIN AMERICAIRANISRAELREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned
- 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
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 432 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 13.6 Billion |
| Forecasted Market Value ( USD | $ 28 Billion |
| Compound Annual Growth Rate | 10.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 17 |
