Growing focus of countries on safeguarding and securing their borders is expected to drive market growth. The major restraint that is impacting the market is the high cost associated with advance military drones. Technological advancement in military drones is expected to act as opportunities for the market in the future. However, lack of highly skilled drone operators are challenges for the market
Access Full Report @ https://www.databridgemarketresearch.com/reports/global-military-drones-market
Data Bridge Market Research analyses that the Global Military Drones Market is expected to reach USD 34,457.24 million by 2030 from USD 11,933.75 million in 2022, growing with a substantial CAGR of 14.3% in the forecast period of 2023 to 2030.
Key Findings of the Study
Rising Demand for Wireless Headphones
The global military drones market is a significant and dynamic segment of the semiconductor industry. Military drones play a crucial role in modern warfare by providing strategic, tactical advantage with subsonic speed, and used in wide range of applications like reconnaissance, surveillance & and target acquisition (ISRT), intelligence gathering, combat operations, and delivery and transportation. The global military drones market is fragmented in nature, as it consists of many global players and regional players as well. The presence of these companies maintains a competitive environment resulting in technological development, and services with various features and characteristics at a competitive price. Increasing government spending in defense and military sector, growing focus of countries on safeguarding and securing their borders, and the increasing demand for UAVs for combat missions are driving the demand for military drones. The increasing collaboration and partnership among market players, industrial automation, technological advancement in military drones, and military logistic drones creates a compelling opportunity for the military drones market.
Thus, the above advantages for the businesses had them improve customer service as there is a rise in demand for improvement of customer services, which is expected to drive the growth of the global military drones market.
Report Scope and Market Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2023 to 2030
|
|
Base Year
|
2022
|
|
Historic Years
|
2021
|
|
Quantitative Units
|
Revenue in USD Million
|
|
Segments Covered
|
Platform (Strategic, Tactical, Small), Speed (Subsonic, Supersonic), Service Type (Fixed Wing, Rotary Wing, Hybrid/Transitional), Propulsion Type (Hybrid Fuel Cell, Battery Powered, Others), Launching Mode (Catapult Launcher, Automatic Take-Off and Landing, Hand Launched, Vertical Take-Off), Range (Beyond Line Of Sight (BLOS), Extended Visual Line Of Sight (EVLOS), Visual Line Of Sight (VLOS)), Application (Reconnaissance, Surveillance & Target Acquisition (ISRT), Intelligence, Combat Operations, Delivery and Transportation, and Battle Damage Management), Endurance (>6 Hours, 2–6 Hours, and <1–2 Hours), MTOW (>150 Kilograms, 25–150 Kilograms, and <25 Kilograms)
|
|
Countries Covered
|
U.S., Canada, Mexico, Germany, France, U.K., Russia, Italy, Spain, Netherlands, Poland, Switzerland, Belgium, Sweden, Turkey, Denmark, Norway, Finland, Rest of Europe, China, Japan, India, South Korea, Australia & New Zealand, Singapore, Taiwan, Thailand, Indonesia, Malaysia, Philippines, Vietnam, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, Saudi Arabia, U.A.E., Israel, South Africa, Egypt, Kuwait, Qatar, Oman, Bahrain, Rest of Middle East and Africa
|
|
Market Players Covered
|
SAFRAN (U.K.), General Atomics (U.S.), IAI. (Israel), LOCKHEED MARTIN CORPORATION (U.S.), AeroVironment Inc. (U.S.), Textron Systems (U.S.), Teledyne FLIR LLC (U.S.), Northrop Grumman (U.S.), BAE Systems (U.K.), AERONAUTICS (Israel), Boeing (U.S.), Thales (France), Leonardo S.p.A. (Italy), Elbit Systems Ltd (Israel), and SAAB (Sweden) among others.
|
|
Data Points Covered in the Report
|
In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
|
Segment Analysis:
The global military drones market is segmented into nine notable segments which are on the basis of platform, speed, service type, propulsion type, launching mode, range, application, endurance, and MTOW.
- On the basis of platform, the market is segmented into strategic, tactical, and small.
In 2023, the strategic segment is expected to dominate the global military drones market
In 2023, the strategic segment is expected to dominate with the 48.39% market share, due to due to their versatility, cost-effectiveness, and ability to perform critical missions with reduced risk to human lives. Furthermore, tactical is expected to increase the segment in the future.
- On the basis of speed, the market is segmented into subsonic, and supersonic.
In 2023, the subsonic segment expected to dominate the global military drones market
In 2023, the subsonic segment is expected to dominate with 92.74% market share, due to their exceptional speed, which enables rapid response and target acquisition. They are cost-effective, lighter, and offer improved stealth capabilities, making them a preferred choice for various military applications.
- On the basis of service type, the market is segmented into fixed wing, rotary wing, and hybrid/transitional. In 2023, fixed wing segment is expected to dominate with a market share of 50.08%.
- On the basis of propulsion type, the market is segmented into hybrid fuel cell, battery powered, and others. In 2023, the hybrid fuel cell segment is expected to dominate with a market share of 51.80%.
- On the basis of launching mode, the market is segmented into catapult launcher, automatic take-off and landing, hand launched, and vertical take-off. In 2023, the catapult launcher segment is expected to dominate with a market share of 48.00%.
- On the basis of range, the market has been segmented into beyond line of sight (BLOS), extended visual line of sight (EVLOS), and visual line of sight (VLOS). In 2023, the beyond line of sight (BLOS) segment is expected to dominate with a market share of 75.68%.
- On the basis of application, the market has been segmented into reconnaissance, surveillance & target acquisition (ISRT), intelligence, combat operations, delivery and transportation, and battle damage management. In 2023, the reconnaissance, surveillance & target acquisition (ISRT) segment is expected to dominate with a market share of 38.09%.
- On the basis of endurance, the market has been segmented into >6 hours, 2–6 hours, and <1–2 hours. In 2023, the >6 hours segment is expected to dominate with a market share of 54.40%.
- On the basis of MTOW, the market has been segmented into >150 Kilograms, 25–150 Kilograms, and <25 Kilograms. In 2023, the >150 Kilograms segment is expected to dominate with a market share of 51.65%.
Major Players
Data Bridge Market Research analysis the major key players in the global military drones market are LOCKHEED MARTIN CORPORATION (U.S.), Boeing (U.S.), Northrop Grumman (U.S.), SAFRAN (U.K.), BAE Systems (U.K.).
Market Development
- In February 2023, Boeing announced that its MQ-28 drone could be a promising addition to the U.S. Air Force's arsenal. This development marks a significant stride for the aerospace giant, opening up new avenues for growth and collaboration in the defense sector. Boeing's MQ-28 drone is well-positioned to meet the Air Force's evolving needs, showcasing the company's commitment to innovation and its ability to adapt to changing military requirements. This announcement has boosted Boeing's profile in the defense industry, potentially leading to lucrative contracts and further cementing its status as a key player in military technology.
- In August 2023, Northrop Grumman secured an $83.1 million contract for the retrofit of MQ-4C Triton unmanned aircraft systems (UAS) and associated bases, a move set to bolster both US Navy and Australian intelligence capabilities. This significant contract win not only strengthens Northrop Grumman's position as a key player in defense and aerospace but also underscores its commitment to advancing cutting-edge technology in support of national security. This retrofit initiative is poised to elevate the operational effectiveness of Triton UAS, a vital component of maritime surveillance and intelligence-gathering efforts for both nations.
- In June 2023, the SAFRAN Patroller was selected by the Greek Army to enhance their tactical drone capabilities, as announced by the NSPA. The Patroller, equipped with various sensors, supported intelligence missions for military and homeland security units. Notably, it boasted NATO certification for airworthiness standards under STANAG 4671, catering to fixed-wing drones over 150 kilograms. This development benefited the company by increasing profitability and maintaining its image in the market.
- In September 2023, BAE Systems and QinetiQ took a significant step towards innovation by announcing their exploration of a potential partnership in the field of uncrewed systems development. The British companies recently signed a framework agreement, signaling their interest in collaborating on projects related to aerial drones and mission management systems. This strategic move is expected to boost both companies' capabilities in the rapidly evolving unmanned systems sector, enabling them to tap into new markets and cutting-edge technology, ultimately strengthening their positions as leaders in the industry.
- In September 2022, Lockheed Martin invested $100 million to advance a cutting-edge manned-unmanned teaming capability that integrated F-35 fighter jets with combat drones. The initiative centered on harnessing artificial intelligence (AI), enhancing F-35 aircraft, and creating innovative communication systems enabling fighter pilots to control drones during flight. This development benefits the company in exploring the future opportunities of modern warfare and building and understanding human behavior with respect to UAVs over time.
Regional Analysis
Geographically, the countries covered in the global military drones market report are U.S., Canada, Mexico, Germany, France, U.K., Russia, Italy, Spain, Netherlands, Poland, Switzerland, Belgium, Sweden, Turkey, Denmark, Norway, Finland, Rest of Europe, China, Japan, India, South Korea, Australia & New Zealand, Singapore, Taiwan, Thailand, Indonesia, Malaysia, Philippines, Vietnam, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, Saudi Arabia, U.A.E., Israel, South Africa, Egypt, Kuwait, Qatar, Oman, Bahrain, Rest of Middle East and Africa.
As per Data Bridge Market Research analysis:
North America is the dominant region in the military drone market
North America is expected to dominate the global military drone market has a strong technological leadership, substantial defense budgets, a robust defense industry, and favorable regulatory conditions, and the U.S. was the pioneer of UAVs backed by a history of military drone use in modern warfare. These factors collectively contribute to North America's position as a dominant player in this industry.
Asia-Pacific is estimated to be the fastest growing region in the global military drones market in the forecast period 2023 - 2030
Asia-Pacific region is expected to dominate due to Growing focus of countries on safeguarding and securing their borders.
For more detailed information about the global military drones market report, click here – https://www.databridgemarketresearch.com/reports/global-military-drones-market
