: Military Drone Market to be Worth USD 47.16 Billion by 2032; Rise in Defense Expenditure to Propel Market Growth

The military drone market size was valued at USD 14.14 billion in 2023. The market is projected to grow from USD 16.07 billion in 2024 to USD 47.16 billion by 2032, exhibiting a CAGR of 13.15% during the forecast period.
A military drone refers to an aircraft system operated remotely used in military operations. The increase in defense expenditure of different nations to procure modernized and technologically advanced military drones for the intensified combat capability to drive market expansion.

𝐅𝐨𝐫𝐭𝐮𝐧𝐞 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬™ 𝐦𝐞𝐧𝐭𝐢𝐨𝐧𝐬 𝐭𝐡𝐢𝐬 𝐢𝐧 𝐚 𝐫𝐞𝐩𝐨𝐫𝐭 𝐭𝐢𝐭𝐥𝐞𝐝, "𝐌𝐢𝐥𝐢𝐭𝐚𝐫𝐲 𝐃𝐫𝐨𝐧𝐞 𝐌𝐚𝐫𝐤𝐞𝐭, 𝟐𝟎𝟐𝟒-𝟐𝟎𝟑𝟐."

The military drone market is experiencing unprecedented growth, driven by advancements in technology and the increasing demand for unmanned systems in defense operations. As nations seek to enhance their surveillance, reconnaissance, and combat capabilities, drones equipped with cutting-edge sensors and artificial intelligence are becoming essential tools for modern warfare. The integration of machine learning and automation is enabling real-time data processing, allowing for more precise and effective decision-making on the battlefield. Moreover, the rise of hybrid and electric propulsion systems is paving the way for longer flight durations and reduced operational costs, further bolstering the appeal of military drones. With geopolitical tensions escalating and defense budgets expanding, the market is projected to reach new heights, making it a focal point for military innovation and investment in the coming years.

𝐆𝐞𝐭 𝐚 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/military-drone-market-102181

𝐋𝐢𝐬𝐭 𝐨𝐟 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐏𝐫𝐞𝐬𝐞𝐧𝐭 𝐢𝐧 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:
● General Atomics Aeronautical Systems, Inc. (U.S.)
● Northrop Grumman Corporation (U.S.)
● Elbit Systems Ltd. (Israel)
● Israel Aerospace Industries Ltd. (Israel)
● AeroVironment, Inc. (U.S.)
● Lockheed Martin Corporation (U.S.)
● Thales Group (France)
● Boeing (U.S.)
● BAE Systems (U.K.)
● SAAB Group (Sweden)
● Textron Systems (U.S.)

𝐑𝐮𝐬𝐬𝐢𝐚-𝐔𝐤𝐫𝐚𝐢𝐧𝐞 𝐖𝐚𝐫 𝐈𝐦𝐩𝐚𝐜𝐭
Growing Use of Military Drones in Russia-Ukraine War to Propel Market Growth
The Russia-Ukraine war has a positive impact on the market growth. The market's growth is attributed to the contract signed between Russia and China to provide military drones for the Russian Armed Forces amid the ongoing war.

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬
𝐅𝐢𝐱𝐞𝐝 𝐖𝐢𝐧𝐠 𝐒𝐞𝐠𝐦𝐞𝐧𝐭 𝐭𝐨 𝐃𝐨𝐦𝐢𝐧𝐚𝐭𝐞 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐮𝐞 𝐭𝐨 𝐓𝐡𝐞𝐢𝐫 𝐆𝐫𝐨𝐰𝐢𝐧𝐠 𝐔𝐬𝐞 𝐢𝐧 𝐃𝐞𝐟𝐞𝐧𝐬𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲
Based on product type, the military drone market is segmented into rotary wing, fixed wing, and hybrid wing. The fixed wing segment held the largest military drone market share in 2023 and is projected to maintain its dominance during the forecast period. The growth is attributed to the rising use of fixed wing aircrafts by different military authorities in the defense industry globally.

𝐆𝐫𝐨𝐰𝐢𝐧𝐠 𝐀𝐜𝐜𝐞𝐩𝐭𝐚𝐧𝐜𝐞 𝐨𝐟 𝐄𝐕𝐋𝐎𝐒 𝐔𝐀𝐕𝐬 𝐭𝐨 𝐃𝐫𝐢𝐯𝐞 𝐄𝐱𝐭𝐞𝐧𝐝𝐞𝐝 𝐕𝐢𝐬𝐮𝐚𝐥 𝐋𝐢𝐧𝐞 𝐨𝐟 𝐒𝐢𝐠𝐡𝐭 (𝐄𝐕𝐋𝐎𝐒) 𝐒𝐞𝐠𝐦𝐞𝐧𝐭 𝐆𝐫𝐨𝐰𝐭𝐡
By range, the market is classified into Extended Visual Line of Sight (EVLOS), Visual Line of Sight (VLOS), and Beyond Line Of Sight (BLOS). The Extended Visual Line of Sight (EVLOS) segment is expected to grow with the highest CAGR during the projected period. The segment's growth is attributed to the high use of EVLOS UAV in the long-range missions to gather essential information, electronic warfare, and battle management.

𝐒𝐭𝐫𝐢𝐜𝐭 𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭𝐬 𝐭𝐨 𝐃𝐫𝐢𝐯𝐞 𝐑𝐞𝐦𝐨𝐭𝐞𝐥𝐲 𝐎𝐩𝐞𝐫𝐚𝐭𝐞𝐝 𝐒𝐞𝐠𝐦𝐞𝐧𝐭 𝐄𝐱𝐩𝐚𝐧𝐬𝐢𝐨𝐧
Based on technology, the military drone market is segmented into semi-autonomous drones, remotely operated drones, and autonomous drones. The remotely operated segment held a majority market share. The segment's growth is attributed to the stringent government requirements for autonomous flight systems for high-altitude military drones.

𝐒𝐮𝐫𝐠𝐢𝐧𝐠 𝐀𝐝𝐨𝐩𝐭𝐢𝐨𝐧 𝐨𝐟 𝐔𝐧𝐦𝐚𝐧𝐧𝐞𝐝 𝐀𝐞𝐫𝐢𝐚𝐥 𝐕𝐞𝐡𝐢𝐜𝐥𝐞𝐬 𝐭𝐨 𝐃𝐫𝐢𝐯𝐞 𝐀𝐢𝐫𝐟𝐫𝐚𝐦𝐞 𝐒𝐞𝐠𝐦𝐞𝐧𝐭 𝐆𝐫𝐨𝐰𝐭𝐡
By system, the market is divided into avionics, airframe, payload, propulsion, software, and others. The airframe segment accounted for the largest market share in 2023 and is expected to lead the market during the forecast period. The surging adoption of unmanned aerial vehicles for various defense operations, such as combat, observation, and surveillance.

𝐑𝐨𝐥𝐞 𝐨𝐟 𝐔𝐀𝐕𝐬 𝐢𝐧 𝐃𝐞𝐟𝐞𝐧𝐬𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐭𝐨 𝐏𝐫𝐨𝐩𝐞𝐥 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞, 𝐒𝐮𝐫𝐯𝐞𝐢𝐥𝐥𝐚𝐧𝐜𝐞, 𝐑𝐞𝐜𝐨𝐧𝐧𝐚𝐢𝐬𝐬𝐚𝐧𝐜𝐞, 𝐚𝐧𝐝 𝐓𝐚𝐫𝐠𝐞𝐭𝐢𝐧𝐠 (𝐈𝐒𝐑𝐓) 𝐒𝐞𝐠𝐦𝐞𝐧𝐭 𝐆𝐫𝐨𝐰𝐭𝐡
On the basis of application, the market is categorized into intelligence, surveillance, reconnaissance, and targeting (ISRT), logistics & transportation, combat operations battle damage management, and others. The segment's expansion is attributed to the increasing role of UAVs in defense industry rather than combat operations.
Geographically, the market is studied across North America, Europe, Asia Pacific, and Rest of the World.

𝐆𝐞𝐭 𝐚 𝐐𝐮𝐨𝐭𝐞 𝐍𝐨𝐰:
https://www.fortunebusinessinsights.com/enquiry/get-a-quote/military-drone-market-102181

𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐨𝐯𝐞𝐫𝐚𝐠𝐞
The report offers:
☑ Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
☑ Comprehensive insights into regional developments.
☑ List of major military drone industry players.
☑ Key strategies adopted by the military drone market players.
☑ The latest industry developments include product launches, partnerships, mergers, and acquisitions.

𝐃𝐫𝐢𝐯𝐞𝐫𝐬 & 𝐑𝐞𝐬𝐭𝐫𝐚𝐢𝐧𝐭𝐬
Growing Use of Military Drones in the Military Sector to Propel Market Expansion
The increasing demand for the use of military drones (UAVs) in the military sector is driving the military drone market growth. The market's growth is also driven by the growing shift from conventional notion to the side that have better surveillance, intelligence, and reconnaissance (ISR) capabilities.
However, increasing geopolitical tensions globally is hampering the market expansion

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬
Increasing Key Players' Investment to Drive Market Growth in North America
North America accounted for USD 5.11 billion and held the largest military drone market share in 2023. The growth is attributed to the increasing investment by key players due to the advances in drone technology across North America.
Asia Pacific is anticipated to grow with the highest CAGR during the forecast period. The market's growth is attributed to the increasing shift in the procuring of the armed forces toward UAVs in the region.

𝐒𝐩𝐞𝐚𝐤 𝐓𝐨 𝐀𝐧𝐚𝐥𝐲𝐬𝐭:
https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/military-drone-market-102181

𝐑𝐞𝐚𝐝 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:
Aircraft Sensors Market
https://www.fortunebusinessinsights.com/industry-reports/aircraft-sensors-market-101816
Airborne Fire Control Radar Market
https://www.fortunebusinessinsights.com/airborne-fire-control-radar-market-104048

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞
Increasing Focus of Key Players' of Strong Product Portfolio to Drive Market Growth
In terms of the competitive landscape, the market comprises of key players, such as Lockheed Martin Corporation, Thales Group, and others. The increasing focus of these market players on strong product portfolios to boost the military drone market growth.

𝐊𝐞𝐲 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭
July 2023 - General Atomics Aeronautical Systems announced a contract worth USD 217.6 million to produce 4 MQ-9B SkyGuardian UAVs for Taiwan. The contract includes the construction of two certifiable ground-control stations, support equipment, and spare parts.

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This release was published on openPR.