Military Drone Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Product Type (Fixed Wing, Rotary Wing, Hybrid), By Technology (Remotely Operated Drones, Semi-Autonomous Drone, Autonomous Drone), By Altitude (HALE, MALE, LALE), By Range (Visual Line of Sight (VLOS), Extended Visual Line of Sight (EVLOS), Beyond Line of Sight (BLOS)), By Weight (Below 5
Published Date: January - 2025 | Publisher: MIR | No of Pages: 280 | Industry: Aerospace and Defense | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationMilitary Drone Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Product Type (Fixed Wing, Rotary Wing, Hybrid), By Technology (Remotely Operated Drones, Semi-Autonomous Drone, Autonomous Drone), By Altitude (HALE, MALE, LALE), By Range (Visual Line of Sight (VLOS), Extended Visual Line of Sight (EVLOS), Beyond Line of Sight (BLOS)), By Weight (Below 5
drone
Increased Demand for Unmanned Aerial Vehicles Drives the Market Demand
unmanned aerial vehicles
Growing Military Spending Propels the Market Demand
Countries have increased their spending on the procurement of advanced technologies, weapons, and equipment to secure their borders. There is a rise in cross-border conflicts, domestic disputes, and terrorism activities, making the government authorities strengthen their armed forces. Countries increase their defense expenditure based on their financial power, political scenario, internal, external, and geostrategic situation, and economic condition. Military expenditure is crucial for operations, maintenance, research and development activities, and procurement of the latest weapons, equipment, and technologies. The changing warfare techniques are accelerating the adoption of advanced technologies in weapons and equipment. Based on the report by Stockholm International Peace Research Institute (SIPRI), the defense expenditure was $2113 billion in 2021, and the top defense spender countries were the United States, China, India, the United Kingdom, and Russia. The increased defense expenditure is expected to increase the global military drone market share in the next five years.
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Market Segmentation
Market Players
Northrop Grumman Corporation, Elbit Systems Ltd., Israel Aerospace Industries, AeroVironment, Inc., Lockheed Martin Corporation, The Boeing Company, Thales Group, Textron Inc., Raytheon Technologies Corporation, BAE Systems plc, are the major market players operating in the global military drone market.
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Attribute |
Details |
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Base Year |
2021 |
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Historic Data |
2017 – 2020 |
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Estimated Year |
2022 |
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Forecast Period |
2023 – 2027 |
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Quantitative Units |
Revenue in USD Million, Volume in Units, and
CAGR for 2017-2021 and 2022-2027 |
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Report coverage |
Revenue forecast, volume forecast, company share, competitive
landscape, growth factors, and trends |
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Segments covered |
·
Product Type ·
Technology ·
Altitude ·
Range ·
Weight |
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Regional scope |
North America; Asia Pacific; Europe & CIS; South America;
Middle East & Africa |
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Country scope |
United States; Canada; Mexico; China,
India, Japan, Thailand, Indonesia, Australia, South Korea; Germany, France,
United Kingdom, Spain, Italy, Netherlands, Russia, Poland; Brazil, Argentina;
Saudi Arabia, Iran, Israel, UAE, Turkey |
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Key companies profiled |
Northrop Grumman Corporation, Elbit Systems Ltd., Israel
Aerospace Industries, AeroVironment, Inc. , Lockheed Martin Corporation, The
Boeing Company, Thales Group, Textron Inc., Raytheon Technologies Corporation,
BAE Systems plc |
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Customization scope |
10% free report customization with
purchase. Addition or alteration to country, regional & segment scope. |
|
Pricing and purchase options |
Avail customized purchase options to meet your exact research
needs. Explore purchase options |
|
Delivery Format |
PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request) |
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