PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1448085
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1448085
The drone warfare market is anticipated to experience substantial growth, increasing from USD 20.1 billion in 2023 to USD 30.5 billion by 2028, with a Compound Annual Growth Rate (CAGR) of 8.6% during the forecast period. This growth is attributed to a heightened emphasis on advanced Command, Control, Communications, Computers, Intelligence, Surveillance, and Reconnaissance (C4ISR) capabilities. C4ISR solutions play a crucial role in reinforcing command and control strategies within military and intelligence frameworks, significantly impacting the success of air, naval, and military operations.
| Scope of the Report | |
|---|---|
| Years Considered for the Study | 2023-2028 |
| Base Year | 2022 |
| Forecast Period | 2023-2028 |
| Units Considered | Value (USD Million) |
| Segments | By Capability, Application, Mode of Operation & Region |
| Regions covered | North America, Europe, Asia Pacific, Rest of the World |
The military sector witness's continuous developments in Intelligence, Surveillance, and Reconnaissance (ISR) capabilities, with a notable example being the Fifth Generation C4ISR, a joint battle management system utilizing machine learning for data gathering, understanding, and seamless communication across its components. Artificial Intelligence (AI) in C4ISR enhances vehicle identification, image feeds, and provides driving assistance by issuing early warnings on obstacles and changing ground conditions. Governments worldwide are swiftly adopting these technologies to enhance their defense arsenals.
"Based on capability, the Platform segment is estimated to to grow with the highest market share in the forecast period."
The Platform segment expected to demonstrate the highest market share during the forecast period in the drone warfare market. The Drone warfare market, based on platform, is segmented into small, tactical, and strategic drones. Small drones, comprising nano, micro, and mini variants, operate at altitudes below 350 meters. Tactical drones are highly sought after in the drone warfare market due to their versatility, offering better awareness of situations, precise strike capabilities, and cost-effectiveness. Strategic drones are the eyes in the sky, offering a sweeping view of the battlefield from afar. They specialize in collecting detailed intelligence from distant areas and executing precise strikes on crucial targets with accuracy
"Based on platform, the Small segment witness strong growth in market during the forecast period."
Based on platform, the drone warfare market is divided into small, tactical, and strategic drones. Notably, the tactical segment is poised for robust growth throughout the forecast period. Small drones, comprising nano, micro, and mini variants, operate at altitudes below 350 meters. For instance, the Switchblade 300, akin to the size of a brick and weighing around 2.5 kilograms, stands as a representative small loitering munition drone, capable of targeting with a compact explosive payload. These drones are becoming increasingly sought-after by defense sectors for surveillance, reconnaissance, and border security needs due to their effective flight control systems and economical operational expenses. While technological enhancements tailor them for military use, challenges arise from the absence of proper air traffic management systems and safety concerns, especially concerning interactions with larger aircraft and critical ground installations like fuel depots, restraining their global expansion.
"The Europe regions are projected to be high growth potential markets for drone warfare during the forecast period."
Based on region, The Europe region is expected to emerge as a high-growth potential market for drone warfare during the forecast period. Drones provide real-time situational awareness of battlefields to defense forces. Technological upgrades in drones, in terms of sensors and miniature payloads, have fueled the growth of the market for drones in the European region. The demand for drones in military applications is continuously increasing. Heightened geopolitical tensions, particularly with the ongoing war in Ukraine and increased assertiveness from Russia and China, have accelerated the need for enhanced defense capabilities. Drone warfares, offering both reconnaissance and strike capabilities, are now recognized as crucial tools for bolstering regional security.
European countries are actively working towards harmonizing drone regulations, promoting cross-border collaboration, and streamlining deployment processes. This regulatory framework is expected to attract larger investments, facilitating market growth. the European drone warfare market is broadening its focus beyond traditional surveillance and reconnaissance. There is a growing exploration of drones for electronic warfare, logistics and resupply, and maritime patrol. This diversification of applications is opening new avenues for growth and market expansion.
Major players in the drone warfare market are 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). These companies have strong distribution networks in the logistics business across North America, Europe, Asia Pacific and other regions in turn driving the demand for last mile deliveries and drone package deliveries.
Research Coverage
This research report categorizes the drone warfare market on the basis of solution (system, software, and infrastructure), Capability (Platform, Application Software, Services, ground control station and Drone launch and recovery system), application (UCAVS, and ISR (Intelligence, Surveillance, and Reconnaissance), Delivery ), mode of operation (Semi-Autonomous, Autonomous). These segments have been mapped across major regions, namely, North America, Europe, Asia Pacific, Middle East, Latin America, and Africa.
The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the drone warfare market. A detailed analysis of the key industry players has been done to provide insights into their business overviews; solutions and services; key strategies; contracts, joint ventures, partnerships & agreements, acquisitions, and new product launches associated with the drone warfare market. Competitive analysis of upcoming startups in the drone warfare ecosystem is covered in this report.
Reasons to Buy this Report
This report is expected to help market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall drone warfare market and its segments. This study is also expected to provide region wise information about the end-use industrial sectors, wherein drone is used. This report aims at helping the stakeholders understand the competitive landscape of the market, gain insights to improve the position of their businesses, and plan suitable go-to-market strategies. This report is also expected to help them understand the pulse of the market and provide them with information on key drivers, restraints, challenges, and opportunities influencing the growth of the market.
(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))**