The global military drones market size is expected to reach USD 35.71 Billion at a steady CAGR of 10.9% in 2028, according to latest analysis by Emergen Research. Steady revenue growth of the military drones market can be attributed to increasing need for deployment of drones for intelligence, surveillance, and reconnaissance operations. Military drones are widely used for providing real-time tracking of enemy activities and their positions in combat zones. The intelligence gathered through intelligence, surveillance, and reconnaissance provides keen military-edge to soldiers and considerably increases mission success rates. Drones play a crucial role in executing advanced-level military tactics that are essential to improve a country’s security and sovereignty. Military drones find application in surveillance and creating 3D maps of large areas in a short time span, especially at high altitudes, to enhance the geographical and situational awareness of military personnel by offering fast target detection, recognition, profiling, and precise geo-tagging.
When accessing the major driving forces shaping the progress of the Military Drones industry the researchers also focus on the growth of the customer base in various emerging regions. Advantages offered by the products such as improved shelf life as well as durability and how they are impacting the development of the industry are also assessed during the research. While examining the major restricting factors researchers make an attempt to analyse the strict environmental regulations affecting the market.
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Key companies operating in the Military Drones market include:
Lockheed Martin Corporation, Thales Group, Northrop Grumman, BAE Systems, the Boeing Company, Israel Aerospace Industries, Raytheon Technologies Corporation, Elbit Systems Ltd., Textron Inc., and AeroVironment Inc
Key market aspects studied in the report:
Market Scope: The report explains the scope of various commercial possibilities in the global Military Drones market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.
Key Benefits of the Report:
- Comprehensive analysis of the competitive scenario and its changing dynamics
- Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
- In-depth 8-year analysis of the Global Military Drones Market
- Critical understanding of the key market segments
- Comprehensive analysis of the drivers, restraints, trends, and opportunities
- Detailed regional analysis and extensive company profiling
- Extensive assessment of current and emerging trends of the market
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Military Drones Market Segmentation:
-
Wing Type Outlook (Revenue, USD Billion; 2018–2028)
- Fixed-wing
- Rotary-wing
- Hybrid
-
Range Outlook (Revenue, USD Billion; 2018–2028)
- Visual Line of Sight (VLOS)
- Extended Visual Line of Sight (EVLOS)
- Beyond Visual Line of Sight (BVLOS)
-
Mode of Launching Outlook (Revenue, USD Billion; 2018–2028)
- Vertical Takeoff and Landing (VTOL)
- Catapult Launcher
- Hand Launched
Military Drones Market Segmentation by Regions:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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