Military Drone Market to Hit USD 17000 Billion by 2027, Registering a CAGR of 7.3%

1. (/) Military Drone Market RESEARCH EXPERTS (/RESEARCHLEADERSHIP.ASP) CONTACT US (/CONTACTUS.ASP) Sign In (https://www.marketsandmarkets.com/signin.asp) LEADERSHIP TEAM (/LEADERSHIPTEAM.ASP) BRIEFINGS (/ANALYSTBRIEFINGS.HTML) Search Reports  HOME (/) ABOUT US (/ABOUTUS-8.HTML) CAREERS (/CAREER.ASP) HOME (/) ❯ TOP MARKET REPORTS (/TOP-MARKET-REPORTS.ASP)❯ MILITARY DRONE MARKET GLOBAL TOP 2000 STRATEGIST RELY ON US FOR THEIR GROWTH STRATEGIES. KNOW MORE Military Drone Market Size, Share & Industry Growth Analysis Report by Platform, Type (Fixed Wing, Rotary Wing, And Hybrid), Application, Mtow, Propulsion (Turbo Engine, Piston Engine and Battery), Operation Mode, Speed, Launching Mode & Region - Global Growth Driver and Industry Forecast to 2027 (/Knowledgestore.asp#request_free_trial)  FREE BROCHURE (/pdfdownloadNew.asp?id=221577711)  FREE SAMPLE REPORT (/requestsampleNew.asp?id=221577711) Report Code: AS 6717Aug, 2022, by marketsandmarkets.com DESCRIPTION TABLE OF CONTENTS METHODOLOGY DOWNLOAD PDF (/PDFDOWNLOADNEW.ASP?ID=221577711) Updated on : April 03, 2023 The Global Military Drone Market Size was valued at $12.0 Billion in 2022 and is projected to reach $17.0 Billion by 2027 at a CAGR (Compound Annual Growth Rate) of 7.3%. Military drones equipped with sensors, transmitters, and weapons can be guided autonomously, by remote control, or both. They are used for strategic and combat zone reconnaissance, and can also designate targets for precision-guided munitions or directly deploy them. This report offers insights into market trends, drivers, challenges, and opportunities in the military drone industry (https://www.marketsandmarkets.com/PressReleases/military-drone.asp). The earliest UAVs were known as remotely piloted vehicles (RPVs) or drones. They were small radio-controlled aircraft first used during World War II for target training for fighters and antiaircraft guns. Today, all major military powers and even some militia groups employ battlefield surveillance UAVs to extend the view of the ground and naval forces and to enhance the reach and accuracy of their supporting fire. We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info (https://www.marketsandmarkets.com/Privacy-12.html). X

2. (/) Sign In (https://www.marketsandmarkets.com/signin.asp) LEADERSHIP TEAM (/LEADERSHIPTEAM.ASP) BRIEFINGS (/ANALYSTBRIEFINGS.HTML)  HOME (/) RESEARCH EXPERTS (/RESEARCHLEADERSHIP.ASP) CONTACT US (/CONTACTUS.ASP) ABOUT US (/ABOUTUS-8.HTML) CAREERS (/CAREER.ASP) To know about the assumptions considered for the study, Request for Free Sample Report (https://www.marketsandmarkets.com/requestsampleNew.asp?id=221577711) Military drone market Dynamics: Driver: Increasing government funding for military drones The government funding for military drones is increasing to enhance the efficiency of military operations. This will boost demand and increase the production of military drones. According to a report published by the Bard College Center for the Study of the Drone, in 2019, the US Navy’s funding for unmanned systems increased by USD 1 billion (38%) and the US Army’s funding increased by USD 719 million (73%) when compared to 2018. The US Department of Defense (DOD) also requested approximately USD 9.39 billion for drones and associated technologies in the fiscal year 2019, representing a significant expansion of 26% in drone spending over the 2018 budget, which was USD 7.5 billion. The DOD has been allocated about USD 7.5 billion in the fiscal year 2021 for a variety of robotic platforms and related technologies, according to a recent study by the Association for Unmanned Vehicle Systems International. Most of the global defense spending is attributed to the development and procurement of drones. Restraint: Lack of trained personnel top operate drone Unlike conventional aircraft, military (https://www.marketsandmarkets.com/Market-Reports/military-lighting-market- 220722552.html) drones need to ensure the reliability of the entire unmanned aerial system, which includes UAVs, ground control stations, and communication equipment. Drones can fly at different altitudes and require skilled pilots to control and operate them. The number of pilots available for high precision operations is comparatively low. An increase in drone adoption in the military drone verticals adds to the growing need for skilled drone pilots. Presently, to reduce the number of accidents caused due to the poor control skills of drone operators, efforts are underway to improve the autonomy of these systems. We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info (https://www.marketsandmarkets.com/Privacy-12.html). X

3. Opportunity: Use of UAVs for cargo delivery in military operation Various new military applications are being uncovered wherein UAVs can be used. One of these applications involves the use of UAVs for the delivery of military cargo. Drones can be used to resupply soldiers on the battlefield. The idea of using UAVs for cargo delivery in the military sector came from the commercial sector, where drones are being used to deliver products to customers by companies such as Amazon. Currently, a major portion of military supplies is transported through road convoys, making the convoys vulnerable to enemy attacks. UAVs, on the other hand, take aerial routes, which can be changed so that the risks of enemy attacks on convoys can be reduced. The use of UAVs for military cargo delivery also eliminates high-risk situations for soldiers in convoys. Deliveries using UAVs will be faster and safer as compared to traditional road convoys. (/) Sign In (https://www.marketsandmarkets.com/signin.asp) LEADERSHIP TEAM (/LEADERSHIPTEAM.ASP) BRIEFINGS (/ANALYSTBRIEFINGS.HTML)  HOME (/) RESEARCH EXPERTS (/RESEARCHLEADERSHIP.ASP) CONTACT US (/CONTACTUS.ASP) ABOUT US (/ABOUTUS-8.HTML) CAREERS (/CAREER.ASP) The first military cargo delivery using drones was carried out by the US Marine Corps in 2012: it successfully used an unmanned K-MAX helicopter to deliver a cumulative of 2 million kilograms (4.4 million lbs.) of supplies to soldiers in Afghanistan. Though the delivery was successful, the use of UAVs for cargo delivery in the defense sector is not widespread. Researchers are trying to develop drones that can deliver supplies to soldiers in any location. For instance, the US military is developing a drone—the Joint Tactical Aerial Resupply Vehicle (JTARV)— capable of resupplying soldiers on the battlefield. The DeltaQuad Pro by Vertical Technologies—designed to carry industrial cargo over a 150 km range—is a military drone featuring a payload drop mechanism and advanced long- range communication systems. Challenge: Issue with safety and security of UAVs The security of UAVs during military operations is a major concern for militaries. UAVs operate remotely or autonomously. In both cases, there is a possibility of hacking flight control systems of UAVs and taking control of their operations. For instance, in July 2012, a team from Texas University was able to take control of a UAV using GPS spoofing devices that cost only USD 1,000, thereby disrupting operations of the UAV, and sending it off course. The US also wants to avoid incidents like the 2011 Iranian capture and eventual reverse engineering of the classified Lockheed Martin RQ-170. Manufacturers of military UAVs have to ensure that the control systems of UAVs cannot be hacked easily to make them more secure to use. Based on type, the fixed wing military drone segment is projected to grow at the highest CAGR during the forecast period. The military drone market Share has been segmented based on type into fixed wing, rotary wing, and hybrid. The fixed-wing segment has been further divided into conventional take-off and landing (CTOL) and vertical take-off and landing (VTOL), while the rotary wing segment has been classified into single rotor and multirotor. Fixed-wing drones make use of wings to move upward from the ground during take-off, just like airplanes. They require engines to offer them a forward thrust, while wings offer them the required vertical lift to fly. Fixed-wing UAVs (https://www.marketsandmarkets.com/Market-Reports/fixed-wing-vtol-uav-market-173456250.html) can fly longer than rotary-wing drones. They are most distinct in terms of their payloads, endurance ranges, and applications. The drawback of fixed-wing drones is the requirement of runways for their landing or take-off. Some examples of fixed-wing UAVs are MQ-9 Reaper and MQ-1 Predator from General Atomics (US) and RQ-4 Global Hawk from Northrop Grumman Corporation (US). Fixed-wing drones are further classified into conventional take- off and landing (CTOL) UAVs and vertical take-off and landing (VTOL) UAVs. The fixed-wing segment is projected to grow from USD 11,310 million in 2021 to USD 15,940 million by 2027, at a CAGR of 7.1% during the forecast period. We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info (https://www.marketsandmarkets.com/Privacy-12.html). X

4. Based on operation mode, remotely piloted segment is estimated to account for the largest share in 2022. Based on operation mode, the military drone market Report has been classified into remotely piloted, optionally piloted, and fully autonomous. The remotely piloted segment is projected to grow at a significant rate during the forecast period. The growth of this segment can be attributed to the cost-effective usage of remotely piloted drones in several applications, ranging from defense operations to surveys. Optionally piloted drones deliver high maneuverability and are equipped with advanced technologies. They have comparatively low maintenance costs. These drones are anticipated to be substituted by fully autonomous drones in the coming years as they have high payload capacity, enhanced propulsion power, and long endurance, as well as can operate without any human involvement. (/) Sign In (https://www.marketsandmarkets.com/signin.asp) LEADERSHIP TEAM (/LEADERSHIPTEAM.ASP) BRIEFINGS (/ANALYSTBRIEFINGS.HTML)  HOME (/) RESEARCH EXPERTS (/RESEARCHLEADERSHIP.ASP) CONTACT US (/CONTACTUS.ASP) ABOUT US (/ABOUTUS-8.HTML) CAREERS (/CAREER.ASP) The Asia Pacific region is projected to Grow at highest CAGR during the forecast period Asia Pacific military drone market outlook is expected to witness substantial growth and register the highest CAGR during the forecast period. The market growth in this region can be attributed to the rise in military spending of countries to enhance their defense capabilities. Political tensions in Asia Pacific countries have led to the deployment of drones to safeguard the security of their borders. This serves to be one of the most significant factors driving the growth of the market in this region. China is developing innovative technologies to manufacture low-cost drones. To know about the assumptions considered for the study, download the pdf brochure (https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=221577711) Top Military Drone Companies - Key Market Players The military drone companies (https://www.marketsandmarkets.com/ResearchInsight/military-drone-market.asp) are dominated by a few globally established players such as Northrop Grumman Corporation (US), Raytheon Technologies Corporation (US), Israel Aerospace Industries Ltd. (https://www.iai.co.il/) (Israel), General Atomics Aeronautical Systems (GA-ASI) (https://www.ga-asi.com/) (US), and Teledyne FLIR LLC (https://www.flir.in/) (US). We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info (https://www.marketsandmarkets.com/Privacy-12.html). X

5. These players have adopted various growth strategies such as contracts, joint ventures, partnerships & agreements, acquisitions, and new product launches to further expand their presence in the military drone market sta?s?cs. (/) Military Drone Market Report Scope: Sign In (https://www.marketsandmarkets.com/signin.asp) Report Metric LEADERSHIP TEAM (/LEADERSHIPTEAM.ASP) BRIEFINGS (/ANALYSTBRIEFINGS.HTML) Details CAREERS (/CAREER.ASP)  HOME (/) RESEARCH EXPERTS (/RESEARCHLEADERSHIP.ASP) CONTACT US (/CONTACTUS.ASP) ABOUT US (/ABOUTUS-8.HTML) Estimated Market Size Projected Market Size Growth Rate Forecast period USD 12.0 Billion USD 17.0 Billion 7.3% 2022-2027 Market size available for years 2019-2027 Base year considered 2021 Forecast units Value (USD) By Platform, By Type, By Application, By MTOW, By Propulsion, By Operation Mode, By Speed, By Launching Mode, and By Region Segments covered North America Asia Pacific Europe Middle East Latin America Africa Geographies covered Northrop Grumman Corporation (US), Raytheon Technologies Corporation (US), Israel Aerospace Industries Ltd. (Israel), General Atomics Aeronautical Systems (GA-ASI) (US), and Teledyne FLIR LLC (US) Companies covered Dynetics, Inc. (US), Robotican Corporation (Israel), Volansi, Inc. (US), Griffon Aerospace (US) Companies covered (Drone start-ups and military drone ecosystem) This research report categorizes the military drone market trends based on platform, type, application, mtow, propulsion, operation mode, speed, launching mode, and region By Platform Small Nano Micro Mini Tactical We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info (https://www.marketsandmarkets.com/Privacy-12.html). X Close Range

6. Short Range Medium Range Long Range Strategic High Altitude Long Endurance (HALE) Medium Altitude Long Endurance (MALE) HOME (/) ABOUT US (/ABOUTUS-8.HTML) RESEARCH EXPERTS (/RESEARCHLEADERSHIP.ASP) CONTACT US (/CONTACTUS.ASP) (/) Sign In (https://www.marketsandmarkets.com/signin.asp) LEADERSHIP TEAM (/LEADERSHIPTEAM.ASP) BRIEFINGS (/ANALYSTBRIEFINGS.HTML)  CAREERS (/CAREER.ASP) By Type Fixed Wing Rotary Wing Hybrid By Application Unmanned Combat Aerial Vehicles (UCAVs) Lethal Stealth Target Intelligence, Surveillance, and Reconnaissance (ISR) Delivery By Mtow <150 Kg 150-1,200 Kg >1,200 Kg By Propulsion Turbo Engine Piston Engine Battery By Operation Mode Remotely Piloted Optionally Piloted Fully Autonomous By Speed Subsonic <50 Km/hr 51-300 Km/hr >300 Km/hr Supersonic By Launching Mode Vertical Take-off Automatic Take-off and Landing Catapult Launcher (https://www.marketsandmarkets.com/Privacy-12.html). We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info X

7. Hand Launched By Region North America Europe Asia Pacific Middle East Latin America Africa (/) Sign In (https://www.marketsandmarkets.com/signin.asp) LEADERSHIP TEAM (/LEADERSHIPTEAM.ASP) BRIEFINGS (/ANALYSTBRIEFINGS.HTML)  HOME (/) RESEARCH EXPERTS (/RESEARCHLEADERSHIP.ASP) CONTACT US (/CONTACTUS.ASP) ABOUT US (/ABOUTUS-8.HTML) CAREERS (/CAREER.ASP) Recent Developments In March 2022, Gambit is an Autonomous Collaborative Platform (ACP) designed through digital engineering to speed its time to market and lower acquisition costs. The jet-powered platform is being built for air dominance and will heavily leverage advances in artificial intelligence (https://www.marketsandmarkets.com/Market-Reports/threat-intelligence-security-market-150715995.html) and autonomous systems. In December 2021, The Mojave is an unmanned aerial vehicle (UAV) capable of short takeoff and landing (STOL). Mojave essentially takes a Gray Eagle fuselage and adds enlarged wings with high-lift devices and a Rolls Royce 450-horsepower turboprop engine. The UAS is based on the avionics and flight control systems of the MQ-9 Reaper and the MQ-1C Gray Eagle- Extended Range. In October 2021, Teledyne FLIR Defense, a part of Teledyne FLIR LLC, announced the launch of the ION M640x tactical Unmanned Aerial System (UAS). The UAS builds on the capabilities of the ION M440 (a Blue sUAS) and will provide military and other government customers with best-in-class capabilities for their unique missions. In March 2021, the Boeing MQ-28 Ghost Bat, previously known as the Boeing Airpower Teaming System (ATS) and the Loyal Wingman project, completed its first test flight. In January 2021, Long Runner is a strategic UAV controlled by satellite communication with a precise automated take-off and landing (ATOL) capability. This innovative capability offers utmost operational flexibility by eliminating the need for a ground control station and flight crew to be allocated at the aircraft's forward base. Frequently Asked Questions (FAQs):  What is the current size of the military drone market?  Who are the winners in the military drone market?  What are some of the technological advancements in the market?  What are the factors driving the growth of the market? To speak to our analyst for a discussion on the above findings, click Speak to Analyst (https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=221577711) We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info (https://www.marketsandmarkets.com/Privacy-12.html). X

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