Global Military Drone Market

Military Drone Market Size, Share, Growth Analysis, By Platform (Small, Tactical), By Application (UACVs, Delivery), By MTOW (151-1200 KG, >1200 KG), By Speed (Subsonic, Supersonic), By Type, By Operation Mode, By Launching Mode, By Propulsion, By Region - Industry Forecast 2025-2032

Report ID: SQMIG20A2280 | Region: Global | Published Date: December, 2024
Pages: 197 | Tables: 109 | Figures: 72

Military Drone Market Insights

Military Drone Market size was valued at USD 16 Billion in 2023 and is poised to grow from USD 18.1 Billion in 2024 to USD 42.99 Billion by 2032, growing at a CAGR of 13.15% during the forecast period (2025-2032).

Technological developments, an expanding application portfolio across numerous industries, and falling drone technology prices are some of the driving factors of the industry. Technological improvements have led to the development of drones with enhanced capabilities, longer flying periods, better cameras, and better obstacle avoidance systems. The result of this has been to expand their utility beyond mere taking pictures and videos to complex tasks in aerial photography, cinematography, infrastructure inspection, and monitoring in agriculture, among others. Besides, the military continued to embrace drones in their operations. Suppliers are manufacturing drones that can be applied for most commercial purposes. Drones are being utilized for a wide range of other purposes, including internet connectivity in rural areas, surveying and photographing wildlife, taking aerial photos and videos, and public service projects.

Military drone technology has advanced dramatically in recent years, with major advances in stealth, artificial intelligence (AI) and autonomous flight and swarm technology. AI has revolutionized military drone technology by enabling autonomous decision-making. Embedded with AI algorithms, drones are able to process large amounts of data in real time, making decisions in two seconds without human intervention. Swarm technology enables multiple drones to work together as a cohesive team. This innovation has important implications for military policy and strategy. These drones are built with special materials and designs that reduce their radar range, making them difficult to detect even with advanced radar systems.

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FAQs

Global Military Drone Market size was valued at USD 12.9 billion in 2022 and is poised to grow from USD 14.5 billion in 2023 to USD 33.9 billion by 2031, growing at a CAGR of 11.2% during the forecast period (2024-2031). 

There are many companies operating in the highly fragmented global military drone market forecast. In the coming years, the global military drone market is expected to experience significant growth driven by the increased need for drones in a range of applications. The sector is crowded with competitors who use partnerships and new product development to gain market share. 'General Atomics Aeronautical Systems (United States) ', 'Northrop Grumman (United States) ', 'Boeing (United States) ', 'Kratos Defense & Security Solutions (United States) ', 'Israel Aerospace Industries (IAI) (Israel) ', 'Elbit Systems (Israel) ', 'Textron Systems (United States) ', 'Lockheed Martin (United States) ', 'AeroVironment (United States) ', 'BAE Systems (United Kingdom) ', 'Airbus (France) ', 'Leonardo (Italy) ', 'Thales Group (France)     ', 'Kalashnikov Concern (Russia) ', 'Shenyang Aircraft Corporation (China) ', 'Chengdu Aircraft Industry Group (China) ', 'Aviation Industry Corporation of China (AVIC) (China) ', 'Yuneec International (China) ', 'DJI (China) ', 'Parrot (France) '

As the use of drones in military operations becomes more widely accepted, suppliers are increasingly making drones that might be used for several commercial purposes. Drones are being employed in all areas of life, in agriculture above all, but also in environmental monitoring, and the fields of public services, rescue operations, and advertisement. Hundreds of enterprises produce small drones basically for agricultural use and for aerial images and data collection.

Technological Advancements in Drones: This fast-growing drone industry is always on the lookout for newer features and functionalities. The enhancement of drone batteries, cameras, sensors, and software has made the drones more efficient, reliable, and user-friendly. For example, artificial intelligence and machine learning have enabled some drones to complete complex tasks all by themselves.

North America dominated the market growth in 2023 and held a market share of 40.1%. This is attributed to the rapid adoption of drones in several commercial applications. Businesses in the area are using drones for land surveying, pipeline monitoring, infrastructure inspection, and agricultural monitoring. With their ever-improving capabilities and the regulatory support that countries such as the US and Canada have provided for commercial drone operations, drones are fast being adopted by businesses across many industries in the region. Further, appropriate policies have been drafted by the policy authorities within the U.S. for promulgating safe and responsible drone operations for the purpose of fostering innovation. This is because regulations have been drafted within Part 107 by the FAA of the US, while Transport Canada has also drafted similar regulations overseeing commercial operations by drones for ensuring safe compliance and operation for the business organizations for deploying drone technology in wide-scale applications.

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Global Military Drone Market

Report ID: SQMIG20A2280

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