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The market size for military drones was estimated at USD 4.9 billion in 2022. Military drone sales are anticipated to increase from $5.09 billion in 2023 to $10.49 billion in 2030, expanding at a compound annual growth rate (CAGR) of 13.77% from 2023 to 2030. Recent years have demonstrated that the trend toward a new generation of tactical drones and the improvement of technology will probably continue and accelerate growth in the years to come. Real-time intelligence may be the most effective self-defense tool available to soldiers, leaders, and troops to ensure the success of crucial military objectives. These are the main market factors boosting market expansion.
Due to an increase in military budget and a rise in demand for better surveillance technologies, the market for military drones has expanded globally. The market's expansion, however, is being hampered by the high cost of UAV solutions. Additionally, the factor anticipated to present growth prospects during the forecast period is defense modernization. Type, range, technology, application, and region are the segments used to divide the market for military drones. It is divided into fixed-wing, rotary-wing, and hybrid/transitional aircraft types. It is broken down into three categories based on distance: beyond line of sight (BLOS), extended visual line of sight (EVLOS), and visual line of sight (VLOS). It can be remotely operated, semi-autonomous, or autonomous depending on the technology. It is divided into intelligence, surveillance, reconnaissance, and target acquisition, combat operations, delivery and transportation, and other applications, depending on the function. The report is broken down into North America, Europe, Asia-Pacific, and LAMEA for regional analysis.
To increase the effectiveness of military operations, the government is investing more money on military drones. As a result, demand for and manufacturing of military drones will rise. The US Navy's funding for unmanned systems climbed by USD 1 billion (38%) and the US Army's funding increased by USD 719 million (73%) in 2019, respectively, according to a research released by the Bard College Center for the Study of the Drone. Additionally, the US Department of Defense (DOD) requested roughly USD 9.39 billion for drones and related technologies in the fiscal year 2019, which is a considerable increase of 26% over the budgeted amount of USD 7.5 billion for drones in 2018. According to a recent research by the Association for Unmanned Vehicle Systems International, the DOD has been given around USD 7.5 billion in the fiscal year 2021 for a range of robotic platforms and related technology. Drone research and development and drone purchases account for the majority of international defense budget.
Military drones must assure the dependability of the entire unmanned aerial system, which comprises UAVs, ground control stations, and communication equipment, in contrast to conventional aircraft. Drones may fly at a variety of altitudes and need experienced pilots to fly and control them. There are not many pilots available for highly precise operations. The demand for skilled drone pilots is increasing as more drones are being used in military applications. Currently, work is being done to increase the autonomy of these systems in an effort to decrease the amount of mishaps brought on by drone operators' subpar control abilities.
Due to ongoing research and development, drone technology has seen rapid progress in recent years. Possibilities exist for innovation that would increase the capability and adoption of current, technologically advanced UAVs. The majority of highly developed drones feature various sensor systems, including air-to-air missiles, communication intelligence sensors, and GSM communications. The most modern unmanned aerial vehicles are now capable of transporting a small amount of equipment attached to substantial sensors and internal weapon stores.
Commercial AI research is being used to develop autonomous flight systems for high-altitude military drones. The market will probably rise as artificial intelligence and autonomous systems develop. The market for military unmanned aircraft is anticipated to increase significantly as a result of this development in the future. The weapon's payload consists of guided missile and bomb components.
Report Coverage
Global Military Drone research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Military Drone report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Military Drone competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Military Drone market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Military Drone market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Military Drone market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Asteria Aerospace Limited, Aeronautics Group, The Boeing Company, Teal Drones, Inc., Shield AI Inc., Israel Aerospace Industries, Northrop Grumman Corporation, Saab AB, Thales Group, Insitu, Anduril Industries, Inc., AeroVironment, Inc., Elbit Systems Ltd., Aeryon Labs Inc, Animal Dynamics Ltd, American Dynamics (U.S.), General Atomics Aeronautical Systems Inc. (U.S.), Lockheed Martin (U.S.), AAI Corporation – Textron Systems (U.S.), BAE Systems (U.K.).
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Military Drone market based on the below-mentioned segments:
Global Military Drone Market, By Type
Fixed Wing
Rotary Wing
Hybrid
Global Military Drone market, By Application
Intelligence, Surveillance, Reconnaissance, and Target Acquisition
Combat Operations
Delivery and Transportation
Others
Global Military Drone Market, By Technology
Remotely operated
Semi-autonomous
Autonomous
Global Military Drone market, Regional Analysis
Due to an increase in military budget and a rise in demand for better surveillance technologies, the market for military drones has expanded globally. The market's expansion, however, is being hampered by the high cost of UAV solutions. Additionally, the factor anticipated to present growth prospects during the forecast period is defense modernization. Type, range, technology, application, and region are the segments used to divide the market for military drones. It is divided into fixed-wing, rotary-wing, and hybrid/transitional aircraft types. It is broken down into three categories based on distance: beyond line of sight (BLOS), extended visual line of sight (EVLOS), and visual line of sight (VLOS). It can be remotely operated, semi-autonomous, or autonomous depending on the technology. It is divided into intelligence, surveillance, reconnaissance, and target acquisition, combat operations, delivery and transportation, and other applications, depending on the function. The report is broken down into North America, Europe, Asia-Pacific, and LAMEA for regional analysis.
To increase the effectiveness of military operations, the government is investing more money on military drones. As a result, demand for and manufacturing of military drones will rise. The US Navy's funding for unmanned systems climbed by USD 1 billion (38%) and the US Army's funding increased by USD 719 million (73%) in 2019, respectively, according to a research released by the Bard College Center for the Study of the Drone. Additionally, the US Department of Defense (DOD) requested roughly USD 9.39 billion for drones and related technologies in the fiscal year 2019, which is a considerable increase of 26% over the budgeted amount of USD 7.5 billion for drones in 2018. According to a recent research by the Association for Unmanned Vehicle Systems International, the DOD has been given around USD 7.5 billion in the fiscal year 2021 for a range of robotic platforms and related technology. Drone research and development and drone purchases account for the majority of international defense budget.
Military drones must assure the dependability of the entire unmanned aerial system, which comprises UAVs, ground control stations, and communication equipment, in contrast to conventional aircraft. Drones may fly at a variety of altitudes and need experienced pilots to fly and control them. There are not many pilots available for highly precise operations. The demand for skilled drone pilots is increasing as more drones are being used in military applications. Currently, work is being done to increase the autonomy of these systems in an effort to decrease the amount of mishaps brought on by drone operators' subpar control abilities.
Due to ongoing research and development, drone technology has seen rapid progress in recent years. Possibilities exist for innovation that would increase the capability and adoption of current, technologically advanced UAVs. The majority of highly developed drones feature various sensor systems, including air-to-air missiles, communication intelligence sensors, and GSM communications. The most modern unmanned aerial vehicles are now capable of transporting a small amount of equipment attached to substantial sensors and internal weapon stores.
Commercial AI research is being used to develop autonomous flight systems for high-altitude military drones. The market will probably rise as artificial intelligence and autonomous systems develop. The market for military unmanned aircraft is anticipated to increase significantly as a result of this development in the future. The weapon's payload consists of guided missile and bomb components.
Report Coverage
Global Military Drone research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Military Drone report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Military Drone competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Military Drone market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Asteria Aerospace Limited, Aeronautics Group, The Boeing Company, Teal Drones, Inc., Shield AI Inc., Israel Aerospace Industries, Northrop Grumman Corporation, Saab AB, Thales Group, Insitu, Anduril Industries, Inc., AeroVironment, Inc., Elbit Systems Ltd., Aeryon Labs Inc, Animal Dynamics Ltd, American Dynamics (U.S.), General Atomics Aeronautical Systems Inc. (U.S.), Lockheed Martin (U.S.), AAI Corporation – Textron Systems (U.S.), BAE Systems (U.K.). |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Military Drone Market from 2021 to 2030.
- Market Forecast for Military Drone Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Military Drone competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Military Drone
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Military Drone market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Military Drone market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Asteria Aerospace Limited, Aeronautics Group, The Boeing Company, Teal Drones, Inc., Shield AI Inc., Israel Aerospace Industries, Northrop Grumman Corporation, Saab AB, Thales Group, Insitu, Anduril Industries, Inc., AeroVironment, Inc., Elbit Systems Ltd., Aeryon Labs Inc, Animal Dynamics Ltd, American Dynamics (U.S.), General Atomics Aeronautical Systems Inc. (U.S.), Lockheed Martin (U.S.), AAI Corporation – Textron Systems (U.S.), BAE Systems (U.K.).
Primary Target Market
- Market Players of Military Drone
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Military Drone market based on the below-mentioned segments:
Global Military Drone Market, By Type
Fixed Wing
Rotary Wing
Hybrid
Global Military Drone market, By Application
Intelligence, Surveillance, Reconnaissance, and Target Acquisition
Combat Operations
Delivery and Transportation
Others
Global Military Drone Market, By Technology
Remotely operated
Semi-autonomous
Autonomous
Global Military Drone market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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