PUBLISHER: Lucintel | PRODUCT CODE: 1456093
PUBLISHER: Lucintel | PRODUCT CODE: 1456093
Military Drone Trends and Forecast
The future of the global military drone market looks promising with opportunities in the intelligence, surveillance, reconnaissance, & target acquisition, combat operation, and delivery & transportation applications. The global military drone market is expected to reach an estimated $20.5 billion by 2030 with a CAGR of 7.4% from 2024 to 2030. The major drivers for this market are escalating geopolitical conflicts and disagreements between nations and growing government investments in defense budgets across multiple countries.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Military Drone by Segment
The study includes a forecast for the global military drone by type, range, technology, application, and region.
List of Military Drone Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies military drone companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the military drone companies profiled in this report include-
Military Drone Market Insights
Lucintel forecasts that fixed wing is expected to witness the highest growth over the forecast period due to its ability to use less power and carry a larger load for longer flight times.
Within this market, intelligence, surveillance, reconnaissance, & targeting is expected to witness the highest growth due to growing use of military drone in this application given its ability to gather information on the targeted territory or terrorist area and to supply vital information.
North America is expected to witness highest growth over the forecast period.
Features of the Global Military Drone Market
Market Size Estimates: Military drone market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Military drone market size by various segments, such as by type, range, technology, application, and region in terms of value ($B).
Regional Analysis: Military drone market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, ranges, technologies, applications, and regions for the military drone market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the military drone market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q1. What is the military drone market size?
Answer: The global military drone market is expected to reach an estimated $20.5 billion by 2030.
Q2. What is the growth forecast for military drone market?
Answer: The global military drone market is expected to grow with a CAGR of 7.4% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the military drone market?
Answer: The major drivers for this market are escalating geopolitical conflicts and disagreements between nations and growing government investments in defense budgets across multiple countries.
Q4. What are the major segments for military drone market?
Answer: The future of the military drone market looks promising with opportunities in the intelligence, surveillance, reconnaissance, & target acquisition, combat operation, and delivery & transportation applications.
Q5. Who are the key military drone market companies?
Answer: Some of the key military drone companies are as follows:
Q6. Which military drone market segment will be the largest in future?
Answer: Lucintel forecasts that fixed wing is expected to witness the highest growth over the forecast period due to its ability to use less power and carry a larger load for longer flight times.
Q7. In military drone market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.