Military drones are the new generation aerial transportation medium propelled by remote controlled or autonomous technology without on-board pilot or passengers. Military drones study mainly includes Fixed Wing UAV, Rotary Wing UAV, and Hybrid UAV among others.
Government regulations and rules has been imposed by several regulators to control the operations of the military drones across the globe. Agreements and contracts with law enforcement and military agencies, partnership, product development and product launch activities are the key strategies adopted by the market players. North America is the leading consumer of the military drones in the global market and it is expected to lead the market growth over the forecast period.
Fixed wing UAVs have several benefits such as flying at high altitudes, can carry heavier or multiple payloads, and are more stable in air. They also have a longer flight time and can cover more ground area. Thus, owing to such benefits, several nations are introducing new fixed-wing drone or unmanned aerial vehicle (UAVs) in their militaries to perform several operations. They are contracting the drone manufacturers to develop new fixed wing drone or unmanned aerial vehicles (UAVs) for military organizations.
The growth of the global military drone market has propelled, due to upsurge in military spending, and growth in demand for improved surveillance solution. However, high cost of UAV solution is the factor hampering the growth of the market. Furthermore, defense modernization is the factor expected to offer growth opportunities during the forecast period.
The military drone market is segmented on the basis of type, range, technology, application, and region. By type, it is segmented into fixed-wing, rotary-wing, and hybrid. By range, it is classified into visual line of sight, extended visual line of sight, and beyond line of sight. By technology, it is categorized into remotely operated, semi-autonomous, and autonomous. By on application, it is fragmented into intelligence, surveillance, reconnaissance, & target acquisition, combat operations, delivery & transportation, and others. Moreover, it analyzes the current market trends of military drone across different regions such as North America, Europe, Asia-Pacific, and LAMEA and suggests the future growth opportunities by analyzing the government regulations & policies.
Government regulations and rules has been imposed by several regulators to control the operations of the military drones across the globe. Agreements and contracts with law enforcement and military agencies, partnership, product development and product launch activities are the key strategies adopted by the market players. North America is the leading consumer of the military drones in the global market and it is expected to lead the market growth over the forecast period.
Fixed wing UAVs have several benefits such as flying at high altitudes, can carry heavier or multiple payloads, and are more stable in air. They also have a longer flight time and can cover more ground area. Thus, owing to such benefits, several nations are introducing new fixed-wing drone or unmanned aerial vehicle (UAVs) in their militaries to perform several operations. They are contracting the drone manufacturers to develop new fixed wing drone or unmanned aerial vehicles (UAVs) for military organizations.
The growth of the global military drone market has propelled, due to upsurge in military spending, and growth in demand for improved surveillance solution. However, high cost of UAV solution is the factor hampering the growth of the market. Furthermore, defense modernization is the factor expected to offer growth opportunities during the forecast period.
The military drone market is segmented on the basis of type, range, technology, application, and region. By type, it is segmented into fixed-wing, rotary-wing, and hybrid. By range, it is classified into visual line of sight, extended visual line of sight, and beyond line of sight. By technology, it is categorized into remotely operated, semi-autonomous, and autonomous. By on application, it is fragmented into intelligence, surveillance, reconnaissance, & target acquisition, combat operations, delivery & transportation, and others. Moreover, it analyzes the current market trends of military drone across different regions such as North America, Europe, Asia-Pacific, and LAMEA and suggests the future growth opportunities by analyzing the government regulations & policies.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the military drones market analysis from 2021 to 2031 to identify the prevailing military drones market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the military drones market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global military drones market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- Fixed Wing
- Rotary Wing
- Hybrid
By Range
- Visual Line of Sight
- Extended Visual Line of Sight
- Beyond Line of Sight
By Technology
- Remotely operated
- Semi-autonomous
- Autonomous
By Application
- Intelligence, Surveillance, Reconnaissance, and Target Acquisition
- Combat Operations
- Delivery and Transportation
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest Of Asia Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Northrop Grumman Corporation
- Anduril Industries, Inc.
- Shield AI Inc.
- Animal Dynamics Ltd
- Insitu
- Elbit Systems Ltd.
- Asteria Aerospace Limited
- Teal Drones, Inc.
- Aeronautics Group
- Aeryon Labs Inc
- Israel Aerospace Industries
- Thales Group
- The Boeing Company
- Saab AB
- AeroVironment, Inc.
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: MILITARY DRONES MARKET, BY TYPE
CHAPTER 5: MILITARY DRONES MARKET, BY RANGE
CHAPTER 6: MILITARY DRONES MARKET, BY TECHNOLOGY
CHAPTER 7: MILITARY DRONES MARKET, BY APPLICATION
CHAPTER 8: MILITARY DRONES MARKET, BY REGION
CHAPTER 9: COMPANY LANDSCAPE
CHAPTER 10: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, titled, “Military Drones Market," the military drones market was valued at $11.60 billion in 2021, and is estimated to reach $34.34 billion by 2031, growing at a CAGR of 11.7% from 2022 to 2031.North America is expected to dominate the global military drones market in 2021. North America is technologically advanced with higher adoption rate. The region has seen a significant surge in the use of advanced drone technologies in military applications for surveillance and defense. Many advanced drones made by the U.S. army are in demand globally for their accuracy and reliability. The growing use of military drones for border and maritime monitoring in countries such as the U.S. and Canada is propelling the North American military drones market forward.
The intelligence, surveillance, reconnaissance, and target acquisition segment accounted for a major share in 2021. Military drones provide real-time information on targets’ position, terrain, and enemy movements to commanders on the ground. As compared to high-altitude aircraft, drones can take closer footage without compromising the quality of both photos and videos. Drone manufacturers across the globe have received numerous contract from the several government for the development of drones that can be utilized for ISTAR applications. For instance, in June 2022, AeroVironment Inc., a global leader in intelligent, multi-domain robotic systems, received a contract of $6.2 million from the U.S. Marine Corps for the development of Puma 3 AE small unmanned aircraft systems (SUAS). Puma 3 AE (All Environment) is an unmanned aircraft system which delivers immediate tactical reconnaissance, surveillance, and target acquisition in day or night maritime and land-based operations.
The market for military drone is growing due to upsurge in military spending, and growth in demand for improved surveillance solution. However, high cost of UAV solution is the factor hampering the growth of the market. Moreover, defense modernization are the major factors that are expected to supplement the military drone market.
COVID-19 Impact Analysis
- The spread of the COVID-19 pandemic has negatively impacted the global military drone market. The purchase of defense equipment required related services has been affected due to lack of confidence in the market, resulting in fewer military drone’s business contracts. In addition, defense budget cuts from several countries such as the U.S., India, France and Israel have been observed. For instance, in 2021, the U.S. defense budget was reduced from $712 billion in 2020 to $705 billion in 2021.
- The major risk factors of the military drone market participants are regulatory & policy changes, dependency on labor, working capital management, and liquidity & solvency management. Majority of the developing facilities of drones has been shut down during the pandemic due to commute restrictions, workforce unavailability, and supply chain disturbance. Private and commercial security industries were one of the most severely affected industries by the pandemic and observed a decline of investments initially.
- Revenue crunch and rising maintenance costs were two of the major challenges adversely affecting the drone manufacturers. Furthermore, the reduced GDP of major economies such as the U.S., the UK, China, France, India, Germany, and others in 2020 resulted to a decline in investment in the industry.
Key Findings of the Study
- By type, the rotary-wing segment is anticipated to exhibit significant growth in the near future.
- By range, the extended visual line of sight segment is anticipated to exhibit significant growth in the near future.
- By technology, the autonomous segment is anticipated to exhibit significant growth in the near future.
- By application, the delivery and transportation segment is anticipated to exhibit significant growth in the near future.
- By region, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.
- Key players operating in the global military drones market include Aeronautics Group, Aerovironment, Inc., Anduril Industries, Animal Dynamics, Asteria Aerospace Ltd., Boeing, Elbit Systems Ltd., General Atomics, Israel Aerospace Industries, Northrop Grumman Corporation, SAAB AB, Shield AI, Teal Drones, Inc., Teledyne FLIR LLC, and Thales Group.
Companies Mentioned
- Northrop Grumman Corporation
- Anduril Industries, Inc.
- Shield Ai Inc.
- Animal Dynamics Ltd
- Insitu
- Elbit Systems Ltd.
- Asteria Aerospace Limited
- Teal Drones, Inc.
- Aeronautics Group
- Aeryon Labs Inc
- Israel Aerospace Industries
- Thales Group
- The Boeing Company
- Saab Ab
- Aerovironment, Inc.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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