Military Drones Market Growth, Global Survey, Analysis, Share, Company Profiles and Forecast by 2027

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The global Military Drones Market size is expected to reach USD 35.71 Billion at a steady CAGR of 10.9% in 2028, according to latest analysis by Emergen Research. Steady revenue growth of the military drones market can be attributed to increasing need for deployment of drones for intelligence, surveillance, and reconnaissance operations. Military drones are widely used for providing real-time tracking of enemy activities and their positions in combat zones. Military drones find application in surveillance and creating 3D maps of large areas in a short time span, especially at high altitudes, to enhance the geographical and situational awareness of military personnel by offering fast target detection, recognition, profiling, and precise geo-tagging. Analysis of the segments and their growth projection is carried out by extensive historical and current analysis of the market scenario.
Our experienced market research team has provided updated information on the ongoing COVID-19 pandemic and its adverse economic impact in the latter segment of the report. The coronavirus outbreak has led to drastic changes in the current Military Drones business landscape, limiting the growth opportunities for various manufacturers and buyers for the next few years. Besides making speculations about the market’s post-COVID-19 scenario, the report discusses its existing situation. The report eventually offers conclusive data related to the Military Drones market growth assessed on both regional and global levels.Military Drones Market Size – USD 15.44 Billion in 2020, Market Growth – at a CAGR of 10.9%, Market Trends – Rise in military expenditure.Military drones market in North America accounted for largest revenue share in 2020, attributed to increasing safety and security concerns, increasing defense budget, and rising investment in research & development activities of unmanned aircraft systems. Additionally, presence of leading drone manufacturers such as Lockheed Martin Corporation and Northrop Grumman in the region is supporting market growth.
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Key players in the market include Lockheed Martin Corporation, Thales Group, Northrop Grumman, BAE Systems, the Boeing Company, Israel Aerospace Industries, Raytheon Technologies Corporation, Elbit Systems Ltd., Textron Inc., and AeroVironment Inc.
Wing Type Outlook (Revenue, USD Billion; 2018–2028)
Fixed-wing
Rotary-wing
Hybrid
Range Outlook (Revenue, USD Billion; 2018–2028)
Visual Line of Sight (VLOS)
Extended Visual Line of Sight (EVLOS)
Beyond Visual Line of Sight (BVLOS)
Mode of Launching Outlook (Revenue, USD Billion; 2018–2028)
Vertical Takeoff and Landing (VTOL)
Catapult Launcher
Hand Launched
Maximum Takeoff Weight Outlook (Revenue, USD Billion; 2018–2028)
Below 25 Kg
25 Kg to 150 Kg
Above 150 Kg
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Application Outlook (Revenue, USD Billion; 2018–2028)
Intelligence, Surveillance, Reconnaissance, and Target Acquisition
Combat Operations
Delivery & Transportation
Battle Damage Management
Regional Analysis:
The report sheds light on the region expected to dominate the Military Drones market in the coming years. The report estimates the market size in terms of volume and value and offers an accurate estimate of the market share each region is anticipated to hold during the forecast period. The report analyzes the spread of the Military Drones market in key geographies covering North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The regional analysis offers an idea about the production and consumption pattern, import/export, supply and demand ratio, revenue contribution, market share and size, and the presence of prominent players in each region.
Table of Contents:
Chapter 1 includes an introduction of the global Military Drones market, along with a comprehensive market overview, market scope, product offerings, and an investigation of the market drivers, growth opportunities, risks, restraints, and other vital factors.
Chapter 2 offers an in-depth analysis of the key manufacturers engaged in this business vertical, along with their sales and revenue estimations.
Chapter 3 elaborates on the highly competitive terrain of the market, highlighting the key manufacturers and vendors.
In Chapter 4, our team has fragmented the market on the basis of regions, underscoring the sales, revenue, and market share of each region over the forecast timeline.
Chapters 5 and 6 have laid emphasis on the market segmentation based on product type and application.
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Overview of the Military Drones Market Market Report:
Introduction, Product Scope, Market Overview, and Opportunities
Analysis of the Manufacturers with sales, revenue, and price analysis
Comprehensive analysis of the competitive landscape
Extensive profiling of the key competitors along with their business strategies and market size
Regional analysis of the market along with sales, revenue, market share, and global position
Country-wise analysis of the market along with types, applications, and manufacturing
Strategic recommendations to established players as well as new entrants
In-depth analysis of the risks, restraints, and limitations in the Military Drones Market industry
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