Military Drone Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Product Type, By Technology, By Altitude, By Range, Extended Visual Line of Sight, Beyond Line of Sight), By Weight, and By Region

The global military drone market is anticipated to grow at an impressive CAGR in the forecast period, 2023-2027. The market is driven by the growing popularity of unmanned aerial vehicles in the armed forces and increasing defense expenditure by developing countries. Unmanned aerial vehicles are now being used by military forces for a variety of purposes, including crowd control, border security, crime prevention, conducting insurgencies, threat detection, identifying risk-prone locations, and disaster management, among others. They are considered a more affordable alternative to hiring defense professionals for the armed forces. Modern warfare is increasingly dependent on military drones. Soldiers who are in inhospitable locations or on the battlefield can receive logistical help from drones. Drones have the capacity to transport missiles, heavy armaments, and tons of ammunition.

Besides, the rising popularity of unmanned aerial vehicles in the armed services due to their extensive military applications, including surveying and mapping, monitoring, and combat operations are contributing to the market growth. Moreover, increased defense spending and ongoing R&D activities are anticipated to positively influence the growth of the global military drone market.

The global military drone market is segmented on the basis of product type, technology, altitude, range, weight, regional distribution, and competitive landscape. Based on product, the market is divided into fixed-wing, rotary-wing, and hybrid. Fixed-wing aircraft are expected to hold the largest market share in the forecast period, 2023-2027. The primary benefit of fixed-wing aircraft is their ability to travel long distances on a single battery, making them suitable for monitoring and surveillance operations. Military drones with fixed wings can still fly and land safely in the event of total failure. Because fixed-wing aircraft have outstanding aerodynamics, the most sophisticated and potent unmanned aerial vehicles are built using fixed-wing constructions.

Major market players operating in the global military drone market are Northrop Grumman Corporation, Elbit Systems Ltd., Israel Aerospace Industries, AeroVironment, Inc. , Lockheed Martin Corporation, The Boeing Company, Thales Group, Textron Inc., Raytheon Technologies Corporation, BAE Systems plc.

Years considered for this report:

• Historical Years: 2017-2020
• Base Year: 2021
• Estimated Year: 2022
• Forecast Period: 2023-2027

Objective of the Study:

• To analyze the historical growth in the market size of the global military drone from 2017 to 2021.
• To estimate and forecast the market size of global military drone market from 2023 to 2027 and growth rate until 2027.
• To classify and forecast the global military drone market based on product type, technology, altitude, range, weight, region, and company.
• To identify the dominant region or segment in the global military drone market.
• To identify drivers and challenges for the global military drone market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the global military drone market.
• To identify and analyze the profiles of leading players operating in the global military drone market.
• To identify key sustainable strategies adopted by market players in global military drone market.

The publisher performed both primary as well as exhaustive secondary research for this study. Initially, the publisher sourced a list of manufacturers across the country. Subsequently, the publisher conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, the publisher could include the manufacturers who could not be identified due to the limitations of secondary research. The publisher analyzed the manufacturers, distribution channels and presence of all major players across the country.

The publisher calculated the market size of the Global military drone market using a top-down approach, wherein data for various end-user segments was recorded and forecast for the future years. The publisher sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these products and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied.

Key Target Audience:

• Market research and consulting firms
• Government bodies such as regulating authorities and policy makers
• Organizations, forums, and alliances

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as product manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, global military drone market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Military Drone Market, By Product Type:

• Fixed Wing
• Rotary Wing
• Hybrid

Military Drone Market, By Technology:

• Remotely Operated Drones
• Semi-Autonomous Drone
• Autonomous Drone

Military Drone Market, By Altitude:

• HALE
• MALE
• LALE

Military Drone Market, By Range:

• Visual Line of Sight (VLOS)
• Extended Visual Line of Sight (EVLOS)
• Beyond Line of Sight (BLOS)

Military Drone Market, By Weight:

• Below 500 kg
• 500-1000 kg
• 1000- 2000 kg
• Above 2000 kg

Military Drone Market, By Region:

• North America
• United States
• Canada
• Mexico
• Asia-Pacific
• China
• India
• Japan
• Thailand
• Indonesia
• Australia
• South Korea
• Europe & CIS
• Germany
• France
• United Kingdom
• Spain
• Italy
• Netherlands
• Russia
• Poland
• South America
• Brazil
• Argentina
• Middle East & Africa
• Saudi Arabia
• Iran
• Israel
• UAE
• Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global military drone market.

Available Customizations:

With the given market data, the publisher offers customizations according to a company’s specific needs.


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