The combat drone market size has grown strongly in recent years. It will grow from $8.03 billion in 2023 to $8.81 billion in 2024 at a compound annual growth rate (CAGR) of 9.7%. The expansion observed in the historical period can be attributed to military modernization efforts, commercial innovations, evolution in doctrine and strategy, and the emergence of asymmetric warfare tactics.
The combat drone market size is expected to see strong growth in the next few years. It will grow to $12.59 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%. The anticipated growth in the forecast period can be attributed to advancements in artificial intelligence (AI) and autonomy, the miniaturization of sensors and payloads, the integration of swarming technology, and the development of stealth and low observable technologies. Major trends expected in this period include the proliferation of swarming technology, increased integration with manned platforms, the widespread adoption of artificial intelligence, and the emphasis on multi-domain operations.
The expanding defense sector is anticipated to drive the growth of the combat drone market in the foreseeable future. The defense sector encompasses industries involved in the development, manufacturing, procurement, and maintenance of military equipment, technologies, and systems crucial for national defense and security. Increased investments in the defense sector are expected to spur advancements and proliferation in combat drone technology, fostering innovation, stimulating market demand, and enhancing the capabilities of unmanned systems in military operations. For instance, according to the Stockholm International Peace Research Institute's April 2022 report, global military spending reached a record high of $2.1 trillion in 2021, with total global military expenditure increasing by 0.7% in real terms to USD 2.11 trillion. Notably, Russia increased its military spending by 2.9% in 2021, reaching $65.9 billion, while China allocated approximately $293 billion to its military, marking a 4.7% increase from 2020. Consequently, the rise in defense expenditure is propelling the expansion of the combat drone market.
Key players in the combat drone market are focusing on autonomous unmanned aircraft systems to address the growing demand for combat drones. Autonomous uncrewed aircraft systems, or drones, represent advanced technologies utilized in various applications such as surveillance, security, and force protection. For example, in September 2023, Anduril Industries, a US-based defense technology company, introduced the Ghost-X system, an enhanced version of its Ghost autonomous uncrewed aircraft system. The Ghost-X system boasts capabilities for carrying heavier payloads and extended flight durations. With an upgraded propulsion system enabling the accommodation of two batteries, the Ghost-X system can extend its flight time to 75 minutes while doubling its payload capacity to 9 kilograms (20 pounds). Moreover, it offers an optional long-range communications kit and can be configured to accommodate a variety of sensors and payloads, including electro-optical gimbals and a vision-based navigation module facilitating satellite-independent flight capabilities.
In July 2023, Anduril, a US-based defense technology company, successfully acquired Blue Force Technologies for an undisclosed amount. This strategic acquisition is geared towards expanding Anduril's suite of autonomous capabilities, with a specific focus on Group 5 autonomous aircraft. Blue Force Technologies, based in the US, is an aerospace design and manufacturing company that specializes in drones. The acquisition aligns with Anduril's mission to enhance its autonomous technologies, particularly in the domain of unmanned aerial systems, to address various defense and security challenges.
Major companies operating in the combat drone market are Raytheon Technologies Corporation, Lockheed Martin Corporation, China Aerospace Science and Technology Corporation, General Dynamics Corporation, Northrop Grumman Corporation, BAE Systems plc, Boeing Defense Space & Security, Textron Inc., Leonardo S.p.A., Rheinmetall AG, Elbit Systems Ltd., Saab AB, General Atomics Aeronautical Systems, Aerojet Rocketdyne, Turkish Aerospace Industries, Baykar Defense, Kratos Defense & Security Solutions, Denel Dynamics, Yuneec International, AeroVironment Inc., Israel Aerospace Industries Ltd., Aurora Flight Sciences, Chengdu Aircraft Industry Group, BlueBird Aero Systems, Icarus Aerospace Industries.
North America was the largest region in the combat drone market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the combat drone market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the combat drone market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
A combat drone, also referred to as an unmanned combat aerial vehicle (UCAV) or armed drone, is an unmanned aerial vehicle (UAV) specifically designed and equipped for military operations. These drones can be remotely controlled or operate autonomously, undertaking various combat missions such as reconnaissance, surveillance, targeting, and airstrikes. Equipped with sensors, cameras, weapons systems, and communication devices, they execute missions while minimizing risks to human personnel.
The primary types of combat drones include fixed-wing, rotary wing, and hybrid configurations. Fixed-wing drones feature rigid wings and rely on aerodynamic lift for flight. They can be launched via various methods such as air-launched effects, vertical take-off, automatic take-off and landing, catapult launchers, and hand-launched platforms. These drones span across different sizes including small, nano, micro, mini, tactical, close-range, short-range, medium-range, long-range, and strategic, with applications encompassing lethal, stealth, loitering munitions, reversible, expendable, and target-focused operations.
The combat drone market research report is one of a series of new reports that provides combat drone market statistics, including combat drone industry global market size, regional shares, competitors with combat drone market share, detailed combat drone market segments, market trends, and opportunities, and any further data you may need to thrive in the combat drone industry. This combat drone market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The combat drone market consists of revenues earned by entities by providing services such as reconnaissance and surveillance, target acquisition, and aerial strikes. The market value includes the value of related goods sold by the service provider or included within the service offering. The combat drone market also includes sales of unmanned aerial vehicles, sensors, and payloads, weapons systems. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The combat drone market size is expected to see strong growth in the next few years. It will grow to $12.59 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%. The anticipated growth in the forecast period can be attributed to advancements in artificial intelligence (AI) and autonomy, the miniaturization of sensors and payloads, the integration of swarming technology, and the development of stealth and low observable technologies. Major trends expected in this period include the proliferation of swarming technology, increased integration with manned platforms, the widespread adoption of artificial intelligence, and the emphasis on multi-domain operations.
The expanding defense sector is anticipated to drive the growth of the combat drone market in the foreseeable future. The defense sector encompasses industries involved in the development, manufacturing, procurement, and maintenance of military equipment, technologies, and systems crucial for national defense and security. Increased investments in the defense sector are expected to spur advancements and proliferation in combat drone technology, fostering innovation, stimulating market demand, and enhancing the capabilities of unmanned systems in military operations. For instance, according to the Stockholm International Peace Research Institute's April 2022 report, global military spending reached a record high of $2.1 trillion in 2021, with total global military expenditure increasing by 0.7% in real terms to USD 2.11 trillion. Notably, Russia increased its military spending by 2.9% in 2021, reaching $65.9 billion, while China allocated approximately $293 billion to its military, marking a 4.7% increase from 2020. Consequently, the rise in defense expenditure is propelling the expansion of the combat drone market.
Key players in the combat drone market are focusing on autonomous unmanned aircraft systems to address the growing demand for combat drones. Autonomous uncrewed aircraft systems, or drones, represent advanced technologies utilized in various applications such as surveillance, security, and force protection. For example, in September 2023, Anduril Industries, a US-based defense technology company, introduced the Ghost-X system, an enhanced version of its Ghost autonomous uncrewed aircraft system. The Ghost-X system boasts capabilities for carrying heavier payloads and extended flight durations. With an upgraded propulsion system enabling the accommodation of two batteries, the Ghost-X system can extend its flight time to 75 minutes while doubling its payload capacity to 9 kilograms (20 pounds). Moreover, it offers an optional long-range communications kit and can be configured to accommodate a variety of sensors and payloads, including electro-optical gimbals and a vision-based navigation module facilitating satellite-independent flight capabilities.
In July 2023, Anduril, a US-based defense technology company, successfully acquired Blue Force Technologies for an undisclosed amount. This strategic acquisition is geared towards expanding Anduril's suite of autonomous capabilities, with a specific focus on Group 5 autonomous aircraft. Blue Force Technologies, based in the US, is an aerospace design and manufacturing company that specializes in drones. The acquisition aligns with Anduril's mission to enhance its autonomous technologies, particularly in the domain of unmanned aerial systems, to address various defense and security challenges.
Major companies operating in the combat drone market are Raytheon Technologies Corporation, Lockheed Martin Corporation, China Aerospace Science and Technology Corporation, General Dynamics Corporation, Northrop Grumman Corporation, BAE Systems plc, Boeing Defense Space & Security, Textron Inc., Leonardo S.p.A., Rheinmetall AG, Elbit Systems Ltd., Saab AB, General Atomics Aeronautical Systems, Aerojet Rocketdyne, Turkish Aerospace Industries, Baykar Defense, Kratos Defense & Security Solutions, Denel Dynamics, Yuneec International, AeroVironment Inc., Israel Aerospace Industries Ltd., Aurora Flight Sciences, Chengdu Aircraft Industry Group, BlueBird Aero Systems, Icarus Aerospace Industries.
North America was the largest region in the combat drone market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the combat drone market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the combat drone market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
A combat drone, also referred to as an unmanned combat aerial vehicle (UCAV) or armed drone, is an unmanned aerial vehicle (UAV) specifically designed and equipped for military operations. These drones can be remotely controlled or operate autonomously, undertaking various combat missions such as reconnaissance, surveillance, targeting, and airstrikes. Equipped with sensors, cameras, weapons systems, and communication devices, they execute missions while minimizing risks to human personnel.
The primary types of combat drones include fixed-wing, rotary wing, and hybrid configurations. Fixed-wing drones feature rigid wings and rely on aerodynamic lift for flight. They can be launched via various methods such as air-launched effects, vertical take-off, automatic take-off and landing, catapult launchers, and hand-launched platforms. These drones span across different sizes including small, nano, micro, mini, tactical, close-range, short-range, medium-range, long-range, and strategic, with applications encompassing lethal, stealth, loitering munitions, reversible, expendable, and target-focused operations.
The combat drone market research report is one of a series of new reports that provides combat drone market statistics, including combat drone industry global market size, regional shares, competitors with combat drone market share, detailed combat drone market segments, market trends, and opportunities, and any further data you may need to thrive in the combat drone industry. This combat drone market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The combat drone market consists of revenues earned by entities by providing services such as reconnaissance and surveillance, target acquisition, and aerial strikes. The market value includes the value of related goods sold by the service provider or included within the service offering. The combat drone market also includes sales of unmanned aerial vehicles, sensors, and payloads, weapons systems. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Combat Drone Market Characteristics3. Combat Drone Market Trends and Strategies32. Global Combat Drone Market Competitive Benchmarking33. Global Combat Drone Market Competitive Dashboard34. Key Mergers and Acquisitions in the Combat Drone Market
4. Combat Drone Market - Macro Economic Scenario
5. Global Combat Drone Market Size and Growth
6. Combat Drone Market Segmentation
7. Combat Drone Market Regional and Country Analysis
8. Asia-Pacific Combat Drone Market
9. China Combat Drone Market
10. India Combat Drone Market
11. Japan Combat Drone Market
12. Australia Combat Drone Market
13. Indonesia Combat Drone Market
14. South Korea Combat Drone Market
15. Western Europe Combat Drone Market
16. UK Combat Drone Market
17. Germany Combat Drone Market
18. France Combat Drone Market
19. Italy Combat Drone Market
20. Spain Combat Drone Market
21. Eastern Europe Combat Drone Market
22. Russia Combat Drone Market
23. North America Combat Drone Market
24. USA Combat Drone Market
25. Canada Combat Drone Market
26. South America Combat Drone Market
27. Brazil Combat Drone Market
28. Middle East Combat Drone Market
29. Africa Combat Drone Market
30. Combat Drone Market Competitive Landscape and Company Profiles
31. Combat Drone Market Other Major and Innovative Companies
35. Combat Drone Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Combat Drone Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on combat drone market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for combat drone ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The combat drone market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Type: Fixed Wing; Rotary Wing; Hybrid2) By Launching Mode: Air Launched Effect; Vertical Take-Off; Automatic Take Off and Landing; Catapult Launcher; Hand Launched.
3) By Platform: Small; Nano; Micro; Mini; Tactical; Close Range; Short Range; Medium Range; Long Range; Strategic.
4) By Application: Lethal; Stealth; Loitering Munition; Reversible; Expendable; Target
Key Companies Mentioned: Raytheon Technologies Corporation; Lockheed Martin Corporation; China Aerospace Science and Technology Corporation; General Dynamics Corporation; Northrop Grumman Corporation
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- Raytheon Technologies Corporation
- Lockheed Martin Corporation
- China Aerospace Science and Technology Corporation
- General Dynamics Corporation
- Northrop Grumman Corporation
- BAE Systems plc
- Boeing Defense Space & Security
- Textron Inc.
- Leonardo S.p.A.
- Rheinmetall AG
- Elbit Systems Ltd.
- Saab AB
- General Atomics Aeronautical Systems
- Aerojet Rocketdyne
- Turkish Aerospace Industries
- Baykar Defense
- Kratos Defense & Security Solutions
- Denel Dynamics
- Yuneec International
- AeroVironment Inc.
- Israel Aerospace Industries Ltd.
- Aurora Flight Sciences
- Chengdu Aircraft Industry Group
- BlueBird Aero Systems
- Icarus Aerospace Industries
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | April 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 8.81 Billion |
Forecasted Market Value ( USD | $ 12.59 Billion |
Compound Annual Growth Rate | 9.3% |
Regions Covered | Global |
No. of Companies Mentioned | 25 |