Military Drones Global Market Report 2024

Description

A military drone refers to an unmanned aerial vehicle specifically designed for military applications, including tasks such as border surveillance, battle damage assessment, combat operations, communication, delivery, and anti-terrorism weaponry.

The primary types of military drones are fixed-wing, rotary-wing, and hybrid. Fixed-wing drones are unmanned planes that operate without a human pilot on board. These UAVs can be remotely controlled by a human operator or operate autonomously through onboard systems. Various categories of military drones include MALE (Medium Altitude Long Endurance), HALE (High Altitude Long Endurance), TUAV (Tactical Unmanned Aerial Vehicle), UCAV (Unmanned Combat Aerial Vehicle), SUAV (Small Unmanned Aerial Vehicle), and involve technologies ranging from remotely operated to semi-autonomous and fully autonomous. Military drones find applications in search and rescue operations, national defense, military exercises, and other strategic activities.

The military drones market research report is one of a series of new reports from The Business Research Company that provides military drones market statistics, including military drones industry global market size, regional shares, competitors with a military drones market share, detailed military drones market segments, market trends and opportunities, and any further data you may need to thrive in the military drones industry. This military drone market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

The military drones market size has grown strongly in recent years. It will grow from $15.8 billion in 2023 to $17.22 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The growth observed in the historical period can be attributed to increasing military expenditure, a rise in the use of military drones, increased government funding for military drone programs, and low interest rates.

The military drones market size is expected to see strong growth in the next few years. It will grow to $22.03 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The anticipated growth in the forecast period can be attributed to an increase in government funds and the rising concerns over internal and external security threats. Key trends in the forecast period include strategic mergers and acquisitions, a focus on the use of 3D printing, the integration of the Internet of Things (IoT), an emphasis on implementing autonomous systems, and a focus on adopting emerging technologies such as artificial intelligence (AI).

The demand for the production of military drones is experiencing a boost due to increasing government funding aimed at enhancing efficiency in military operations. For instance, in May 2021, the US Defense Department allocated $7.5 billion for robotic platforms and associated technologies in fiscal year 2021, with significant portions earmarked for unmanned systems. The Navy and Air Force each received about $1.1 billion, the Army received $885 million, the Marine Corps $70 million, and SOCOM $90 million. Consequently, the escalating government spending on unmanned drones is a key driver of the military drone market demand.

The growth of the military drone market is anticipated to be fueled by the increasing global threat of terrorism. Governments and military organizations utilize military drones in counter-terrorism efforts, leveraging their capabilities in intelligence, surveillance, and reconnaissance (ISR). Drones play a crucial role in monitoring and tracking terrorist activities, providing real-time data and actionable intelligence for counter-terrorism operations. According to a report from the Center for Strategic and International Studies (CSIS) in May 2022, the number of terrorist attacks increased by 53% in 2021, with a significant focus on government, armed forces, and law enforcement targets. Therefore, the rising menace of terrorism is contributing to the growth of the military drone market.

Drone swarm technology is gaining prominence in the military drone market due to its cost efficiency and enhanced firepower. Drone swarms, consisting of a large group of small drones, coordinate to perform various actions, including surveying enemy territories, search and rescue missions, and coordinated attacks. This technology offers cost and time efficiency by producing several small, cost-effective drones instead of a single large and expensive drone. Microsystems developed the WOLF-PAK, a drone swarming system capable of flying small drones in groups and enabling them to split away individually. In February 2022, Halcon unveiled the Hunter 2-S, a tube-launched swarming drone system designed for communication, tracking targets, holding positions, and engaging multiple targets simultaneously.

Major companies in the military drone market are introducing innovative products such as hybrid unmanned aerial systems to expand their customer bases and increase revenue. Hybrid unmanned aerial systems combine multiple propulsion systems or energy sources to enhance operational capabilities. For instance, in February 2023, BAE Systems Plc launched the STRIX, a tandem-wing, multi-domain drone with capabilities for air-to-ground strikes, surveillance, and reconnaissance missions in high-risk conditions.

In January 2023, Highlander Partners L.P. acquired Black Sage Technologies for an undisclosed amount. This acquisition strengthens Highlander's presence in Counter-Unmanned Aircraft Systems (C-UAS)/Unmanned Aircraft Systems (UAS) and aligns with its strategy of partnering with technological leaders in these high-growth industries. Black Sage Technologies, a US-based manufacturer of military drones, contributes sophisticated technologies to enhance defense capabilities.

Major companies operating in the military drones market report are Lockheed Martin Corporation, Northrop Grumman Corp, Thales Group, The Boeing Company, Raytheon Technologies, General Atomics Aeronautical Systems, Inc., Aerovironment, Inc., Elbit Systems Ltd., Israel Aerospace Industries Ltd., Textron Inc., Central Aircraft Manufacturing Company, ChemChina, China Academy of Launch Vehicle Technology, China Communications Construction Company, China Electronics Corporation, China National Chemical Engineering, Babcock International, BAE Systems, BMARC, BMT Group, British Aerospace, Panstwowe Wytwornie Uzbrojenia, Panstwowe Zaklady Inzynierii, Polish Armaments Group, Polish Navy Shipyard, Gyrofly Innovations, Drone Livre, Santos Lab, Alexandria Shipyard, Arab American Vehicles, Arab Organization for Industrialization

Asia-Pacific was the largest region in military drones market in 2023. Western Europe is expected to be the fastest-growing region in the global military drones market share during the forecast period. The regions covered in the military drones market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the military drones market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain

The military drone market consists of sales of military drones for purposes such as operations, surveillance, mapping, communication, and equipment delivery in military. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Military Drones Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on military drones market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
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Where is the largest and fastest growing market for military drones? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The military drones market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of covid 19 on supply chains and consumption patterns.

Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

1) By Drone Type: MALE; HALE; TUAV; UCAV; SUAV
2) By Technology: Remotely Operated; Semi-Autonomous; Autonomous
3) By Type: Fixed-Wing; Rotary Wing; Hybrid
4) By Application: Search And Rescue; National Defense; Military Exercises; Other Applications
Companies Mentioned: Lockheed Martin Corporation; Northrop Grumman Corp; Thales Group; The Boeing Company; Raytheon Technologies
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.

Product Code: r14527

1. Executive Summary

2. Military Drones Market Characteristics

3. Military Drones Market Trends And Strategies

4. Military Drones Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Military Drones Market Size and Growth

5.1. Global Military Drones Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Military Drones Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Military Drones Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Military Drones Market Segmentation

6.1. Global Military Drones Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Fixed-Wing
Rotary Wing
Hybrid
6.2. Global Military Drones Market, Segmentation By Drone Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
MALE
HALE
TUAV
UCAV
SUAV
6.3. Global Military Drones Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Remotely Operated
Semi-Autonomous
Autonomous
6.4. Global Military Drones Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Search and Rescue
National Defense
Military Exercises
Other Applications

7. Military Drones Market Regional And Country Analysis

7.1. Global Military Drones Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Military Drones Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Military Drones Market

8.1. Asia-Pacific Military Drones Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Military Drones Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Military Drones Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Military Drones Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Military Drones Market

9.1. China Military Drones Market Overview
9.2. China Military Drones Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Military Drones Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Military Drones Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Military Drones Market

10.1. India Military Drones Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Military Drones Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Military Drones Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Military Drones Market

11.1. Japan Military Drones Market Overview
11.2. Japan Military Drones Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Military Drones Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Military Drones Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Military Drones Market

12.1. Australia Military Drones Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Military Drones Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Military Drones Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Military Drones Market

13.1. Indonesia Military Drones Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Military Drones Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Military Drones Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Military Drones Market

14.1. South Korea Military Drones Market Overview
14.2. South Korea Military Drones Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Military Drones Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Military Drones Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Military Drones Market

15.1. Western Europe Military Drones Market Overview
15.2. Western Europe Military Drones Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Military Drones Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Military Drones Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Military Drones Market

16.1. UK Military Drones Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Military Drones Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Military Drones Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Military Drones Market

17.1. Germany Military Drones Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Military Drones Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Military Drones Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Military Drones Market

18.1. France Military Drones Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Military Drones Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Military Drones Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Military Drones Market

19.1. Italy Military Drones Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Military Drones Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Military Drones Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Military Drones Market

20.1. Spain Military Drones Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Military Drones Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Military Drones Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Military Drones Market

21.1. Eastern Europe Military Drones Market Overview
21.2. Eastern Europe Military Drones Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Military Drones Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Military Drones Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Military Drones Market

22.1. Russia Military Drones Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Military Drones Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Military Drones Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Military Drones Market

23.1. North America Military Drones Market Overview
23.2. North America Military Drones Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Military Drones Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Military Drones Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Military Drones Market

24.1. USA Military Drones Market Overview
24.2. USA Military Drones Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Military Drones Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Military Drones Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Military Drones Market

25.1. Canada Military Drones Market Overview
25.2. Canada Military Drones Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Military Drones Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Military Drones Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Military Drones Market

26.1. South America Military Drones Market Overview
26.2. South America Military Drones Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Military Drones Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Military Drones Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Military Drones Market

27.1. Brazil Military Drones Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Military Drones Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Military Drones Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Military Drones Market

28.1. Middle East Military Drones Market Overview
28.2. Middle East Military Drones Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Military Drones Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Military Drones Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Military Drones Market

29.1. Africa Military Drones Market Overview
29.2. Africa Military Drones Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Military Drones Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Military Drones Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Military Drones Market Competitive Landscape And Company Profiles

30.1. Military Drones Market Competitive Landscape
30.2. Military Drones Market Company Profiles
- 30.2.1. Lockheed Martin Corporation
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Northrop Grumman Corp
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Thales Group
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. The Boeing Company
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Raytheon Technologies
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Military Drones Market Other Major And Innovative Companies

31.1. General Atomics Aeronautical Systems, Inc
31.2. Aerovironment, Inc
31.3. Elbit Systems Ltd
31.4. Israel Aerospace Industries Ltd
31.5. Textron Inc
31.6. Central Aircraft Manufacturing Company
31.7. ChemChina
31.8. China Academy of Launch Vehicle Technology
31.9. China Communications Construction Company
31.10. China Electronics Corporation
31.11. China National Chemical Engineering
31.12. Babcock International
31.13. BAE Systems
31.14. BMARC
31.15. BMT Group

32. Global Military Drones Market Competitive Benchmarking

33. Global Military Drones Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Military Drones Market

35. Military Drones Market Future Outlook and Potential Analysis

35.1 Military Drones Market In 2028 - Countries Offering Most New Opportunities
35.2 Military Drones Market In 2028 - Segments Offering Most New Opportunities
35.3 Military Drones Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer