Global Military Drones Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Military Drones Market 2021 (Includes Business Impact of COVID-19)
Global Military Drones Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights, which offers in-depth insights, revenue details, and other vital information regarding the global military drones market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global military drones market report has been segmented on the basis of type, propulsion type, launching mode, range, application, and region.

The global Military Drones market size was valued at USD $14.02 billion in 2020 and is projected to reach USD $46.77 billion by 2030, and is anticipated to expand at a CAGR of 12.85% over the forecast period from 2020 to 2030.


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This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Overview:

Military drones are unmanned arial aircrafts that are used for military operations. They are also used for carrying missile and drone strikes. Micro drones, Nano drones, large combat and surveillance drones, small tactical drones, and medium-sized reconnaissance drones are a few types of military drones. Various types of drones are used for different purposes such as micro and Nano drones are used for spying activities and receiving scenario in the battle field. Medium-sized reconnaissance drones are commonly used for surveillance purposes. Availability of various types of military drones in various sizes is making defense sector more inclined towards its usage especially for enhanced intelligence gathering techniques.

Dynamics:

Growing adoption of unmanned aerial vehicles for risky tactical operations is a major factor driving growth of the global military drones market. Growing usage of drones for modern warfare is another factor supporting growth of the global market. Increasing use of UAVs for monitoring and surveillance on land as well as sea surface border areas is a factor expected to fuel growth of the target market. Furthermore, increasing investments in R&D activities to improve payload drones for military applications is another major factor expected to boost growth of the global military drones market in the near future.

However, lack of skilled manpower for operating the drones may hamper growth of the global military drones market. In addition, security concerns regarding drones is another factor that could affect the adoption rate of these drones thereby hampering growth of the global market to a certain extent.

Segment Analysis:

On the basis of application, the delivery and transportation segment is anticipated to register fastest growth in terms of revenue in the near future. Increasing use of unmanned arial vehicles for delivery and transportation in order to deliver supplies to solider troops in remote locations is a factor supporting growth of this segment in the global market.

Regional Analysis:

Market in North America is expected to dominate in the global market in terms of revenue, and is expected to maintain its dominance over the forecast period. High military budget and increasing adoption of drones with advanced technology are factors driving growth of the target market in countries in this region. Asia Pacific market in anticipated to register high growth in terms of revenue in the near future, owing to increasing defence budget especially in emerging economies such as China and India.

Global Military Drones Market Segmentatio

Segmentation by type:

  
Rotary Wing
  
Fixed Wing
  
Hybrid/Transitional

Segmentation by propulsion type:

  
Fuel Cell
  
Hybrid Cell
  
Battery Powered

Segmentation by launching mode:

  
Automatic Take-off and Landing
  
Catapult Launcher
  
Hand Launched
  
Vertical Take-off

Segmentation by range:

  
Extended Visual Line of Sight (EVLOS)
  
Beyond Line of Sight (BLOS)
  
Visual Line of Sight (VLOS)

Segmentation by application:

  
Combat Operations
  
Intelligence, Surveillance, Reconnaissance, and Target Acquisition (ISRT)
  
Battle Damage Management
  
Delivery and Transportation


Key Market Players included in the report:


  
Aeronautics
  
AeroVironment Inc. (US)
  
Airbus
  
AVIC
  
BAE Systems
  
Ball Corporation
  
Boeing (US)
  
CASC
  
China Aerospace Science And Technology Corporation
  
Elbit Systems Ltd. (Israel)
  
General Atomics Aeronautical Systems Inc. (GA-ASI) (US)
  
Leonardo S.P.A
  
Mitsubishi Electric Corporation
  
Northrop Grumman Corporation (US)
  
Orbital ATK Inc.
  
Planet Labs Inc.
  
Raytheon
  
Saab
  
Space Exploration Technologies Corporation
  
Textron
  
Thales Group (France)
  
VTOL Technologies.