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Military Drones Market

Global Military Drones Market Size, Share & Trends Analysis Report, By Type (Rotary Wing, Fixed Wing, and Hybrid), By Application (Surveillance, Combat Operations, Transportation & Delivery, and Battle Damage Management) and Forecast 2019-2025
    Update Available - Forecast 2024-2030   

Published: Jul 2023 | Report Code: OMR2020033 | Category : Aerospace and Defense | Delivery Format: /

The global military drones market is projected to grow at a significant CAGR of 10.9% during the forecast period. The major factor that is contributing to the growth of the market includes the growing application of unmanned aircraft vehicles (UAV) in various military operations such as monitoring, surveying, mapping, and combat operations. The growing adoption of advanced technology in surveillance and military operations coupled with the growing defense budget in emerging economies are other major factors that provides ample opportunity for market growth. 

The defense sector is emerging considerably across the globe due to growing funding in the form of official budgets and ongoing investments by the governments. The countries are supporting the defense expenditure with huge budget sanctions which as a result is propelling the purchasing and acquisition of advanced systems such as drones and other systems for military operations that in turn, propels the market growth. 

 Segmental Outlook  

The global military drones market is classified on the basis of type and application. Based on type, the market is segmented into the rotary wing military drones, fixed wing military drones, and hybrid military drones. The hybrid military drones segment is projected to have significant growth in the market owing to the increasing preference of multiple wing type drones for various military applications. On the basis of application, the market is divided into surveillance, combat operations, transportation & delivery, and battle damage management. The transportation & delivery segment is projected to have significant growth during the forecast period owing to the increasing adoption of drones for the deployment of soldiers in remote locations as well as providing supply to them. 

Global Military Drones Market Share by Application, 2018(%)

Global Military Drones Market Share by Application

Global Military Drones Market to be Driven by the Surveillance Application\

The surveillance application segment is projected to contribute significant share in the market due to the high demand for military drones in applications such as intelligence, reconnaissance, and target acquisition. Surveillance and reconnaissance are essential activities for both military and civilian organizations for several purposes, such as hostage and survivor rescue and target acquisition. Military surveillance drones allow the monitoring of changing environment and behavior activities with the view to direct, protect or support military personnel by integrating drones with various equipment includes hidden cameras, CCTV, and microphones. 

Moreover, increasing demand for UAVs for military surveillance and reconnaissance operations is significantly contributing to the growth of the market. For instance, in January 2019, SRC, Inc. has been awarded a contract from the US Army. The contract was valued $108 million to support defeat enemy drones on the battlefield. 

Regional Outlook 

Geographically, the global military drones market is classified into North America, Europe, Asia-Pacific and Rest of the World. Asia-Pacific is estimated to have a considerable growth in the global market due to increasing military spending and focus on increasing the capabilities of space and naval warfare systems. Globally, China holds the second position in military spending with $250 billion in 2018. Moreover, India held the fourth position and invested $66.5 billion in 2018, as per SIPRI (Stockholm International Peace Research Institute). This rise in military spending results due to encouragement in the modernization of military power and rising demand for electronic warfare systems.

Global Military drones Market Growth, by Region 2019-2025
Global Military Drones Market Share by Region

North America Has a Considerable Share in the Global Military Drones Market

Geographically, North America is projected to have a significant share in the global market due to the presence of major market players such as Northrop Grumman Corp., Boeing Co., and others. Along with the presence of major market players, the region marks the huge defense expenditure which as a result, is supporting the market growth. 
The US and Canada being the major economies of North America spend substantial amount of the GDP on the military and defense. According to the data from the World Bank Group, in 2017, the US spent almost 3.1% of GDP on military expenditure, whereas Canada spent 1.3% of GDP on military. With the huge investment in the military and defense sector, modernization is accelerating at a considerable rate. The US and Canada are rapidly emerging towards the modernization of the defense technology, which as a result account for the increase in the investment for military in the region.

Market Players Outlook

The key players in the military drones market contributing significantly by providing advanced technology-based products and increasing their geographical presence across the globe. Some of the key players in the market include Aeronautics Ltd., AeroVironment, Inc., Altavian, Inc., BAE Systems PLC, Boeing Co., Dedrone Holdings, Inc., General Atomics, Leonardo S.p.A., Lockheed Martin Corp., Northrop Grumman Corp., Raytheon Co., Textron Systems Corp., Thales Group, and others.

These market players adopt various strategies such as government contracts, product launch, partnerships, collaborations, mergers, and acquisitions to sustain a strong position in the market. For Instance, in April 2019, Altavian received the contract from Defense Innovation Unit (DIU) of the US military for development of Development of next generation drone weighing less than 5 pounds flown by a single operator. 

The Report Covers

  • Market value data analysis of 2018 and forecast to 2025.
  • Annualized market revenues ($ million) for each market segment.
  • Country-wise analysis of major geographical regions.
  • Key companies operating in the global military drones market. Based on the availability of data, information related to products, and relevant news is also available in the report.
  • Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
  • Analysis of market-entry and market expansion strategies.
  • Competitive strategies by identifying ‘who-stands-where’ in the market.   

1. Report Summary

1.1. Research Methods and Tools

1.2. Market Breakdown

1.2.1. By Segments

1.2.2. By Geography

2. Market Overview and Insights

2.1. Scope of the Report

2.2. Analyst Insight & Current Market Trends

2.2.1. Key Findings

2.2.2. Recommendations

2.2.3. Conclusion

2.3. Rules & Regulations

3. Competitive Landscape

3.1. Company Share Analysis

3.2. Key Strategy Analysis

3.3. Key Company Analysis

3.3.1. Aeronautics Ltd.

3.3.1.1. Overview 

3.3.1.2. Financial Analysis 

3.3.1.3. SWOT Analysis

3.3.1.4. Recent Developments

3.3.2. AeroVironment, Inc.  

3.3.2.1. Overview 

3.3.2.2. Financial Analysis 

3.3.2.3. SWOT Analysis

3.3.2.4. Recent Developments

3.3.3. Boeing Co. 

3.3.3.1. Overview 

3.3.3.2. Financial Analysis 

3.3.3.3. SWOT Analysis

3.3.3.4. Recent Developments

3.3.4. Lockheed Martin Corp. 

3.3.4.1. Overview 

3.3.4.2. Financial Analysis 

3.3.4.3. SWOT Analysis

3.3.4.4. Recent Developments

3.3.5. Northrop Grumman Corp. 

3.3.5.1. Overview 

3.3.5.2. Financial Analysis 

3.3.5.3. SWOT Analysis

3.3.5.4. Recent Developments

4. Market Determinants

4.1. Motivators

4.2. Restraints

4.3. Opportunities

5. Market Segmentation

5.1. Global Military Drones Market by Type

5.1.1. Rotary Wing 

5.1.2. Fixed Wing  

5.1.3. Hybrid 

5.2. Global Military drones Market by Application

5.2.1. Surveillance 

5.2.2. Combat Operations  

5.2.3. Transportation and Delivery 

5.2.4. Battle Damage Management  

6. Regional Analysis

6.1. North America

6.1.1. United States

6.1.2. Canada

6.2. Europe

6.2.1. UK

6.2.2. Germany

6.2.3. Italy

6.2.4. Spain

6.2.5. France

6.2.6. Rest of Europe 

6.3. Asia-Pacific

6.3.1. China

6.3.2. India

6.3.3. Japan

6.3.4. Rest of Asia-Pacific 

6.4. Rest of the World

7. Company Profiles

7.1. Aeronautics Ltd.

7.2. AeroVironment, Inc. 

7.3. Airbus S.A.S.

7.4. Altavian, Inc.

7.5. BAE Systems PLC

7.6. Boeing Co.

7.7. China Aerospace Science and Technology Corp. 

7.8. Dedrone Holdings, Inc. 

7.9. FLIR Systems, Inc.

7.10. General Atomics

7.11. Leonardo S.p.A.

7.12. Lockheed Martin Corp.

7.13. Northrop Grumman Corp.

7.14. Raytheon Co.

7.15. Saab AB

7.16. Safran Group

7.17. Textron Systems Corp.

7.18. Thales Group 

1. GLOBAL MILITARY DRONES MARKET RESEARCH AND ANALYSIS BY TYPE, 2018-2025 ($ MILLION)

2. GLOBAL ROTARY WING MILITARY DRONES MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)

3. GLOBAL FIXED WING MILITARY DRONES MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)

4. GLOBAL HYBRID MILITARY DRONES MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)

5. GLOBAL MILITARY DRONES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)

6. GLOBAL MILITARY DRONES FOR SURVEILLANCE MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)

7. GLOBAL MILITARY DRONES FOR COMBAT OPERATIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)

8. GLOBAL MILITARY DRONES FOR TRANSPORTATION AND DELIVERY MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)

9. GLOBAL MILITARY DRONES FOR BATTLE DAMAGE MANAGEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)

10. GLOBAL MILITARY DRONES MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2018-2025 ($ MILLION)

11. NORTH AMERICAN MILITARY DRONES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)

12. NORTH AMERICAN MILITARY DRONES MARKET RESEARCH AND ANALYSIS BY TYPE, 2018-2025 ($ MILLION)

13. NORTH AMERICAN MILITARY DRONES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)

14. EUROPEAN MILITARY DRONES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)

15. EUROPEAN MILITARY DRONES MARKET RESEARCH AND ANALYSIS BY TYPE, 2018-2025 ($ MILLION)

16. EUROPEAN MILITARY DRONES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)

17. ASIA-PACIFIC MILITARY DRONES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)

18. ASIA-PACIFIC MILITARY DRONES MARKET RESEARCH AND ANALYSIS BY TYPE, 2018-2025 ($ MILLION)

19. ASIA-PACIFIC MILITARY DRONES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)

20. REST OF THE WORLD MILITARY DRONES MARKET RESEARCH AND ANALYSIS BY TYPE, 2018-2025 ($ MILLION)

21. REST OF THE WORLD MILITARY DRONES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)

1. GLOBAL MILITARY DRONES MARKET SHARE BY TYPE, 2018 VS 2025 (%)

2. GLOBAL MILITARY DRONES MARKET SHARE BY APPLICATION, 2018 VS 2025 (%)

3. GLOBAL MILITARY DRONES MARKET SHARE BY GEOGRAPHY, 2018 VS 2025 (%)

4. US MILITARY DRONES MARKET SIZE, 2018-2025 ($ MILLION)

5. CANADA MILITARY DRONES MARKET SIZE, 2018-2025 ($ MILLION)

6. UK MILITARY DRONES MARKET SIZE, 2018-2025 ($ MILLION)

7. FRANCE MILITARY DRONES MARKET SIZE, 2018-2025 ($ MILLION)

8. GERMANY MILITARY DRONES MARKET SIZE, 2018-2025 ($ MILLION)

9. ITALY MILITARY DRONES MARKET SIZE, 2018-2025 ($ MILLION)

10. SPAIN MILITARY DRONES MARKET SIZE, 2018-2025 ($ MILLION)

11. ROE MILITARY DRONES MARKET SIZE, 2018-2025 ($ MILLION)

12. INDIA MILITARY DRONES MARKET SIZE, 2018-2025 ($ MILLION)

13. CHINA MILITARY DRONES MARKET SIZE, 2018-2025 ($ MILLION)

14. JAPAN MILITARY DRONES MARKET SIZE, 2018-2025 ($ MILLION)

15. REST OF ASIA-PACIFIC MILITARY DRONES MARKET SIZE, 2018-2025 ($ MILLION)

16. REST OF THE WORLD MILITARY DRONES MARKET SIZE, 2018-2025 ($ MILLION)

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