News Contact Us

Military Drone Market by Emerging Trends and Competitive Landscape Forecast To 2024

Author : Ronak Bora | Published Date : 2020-09-10 

North America is the leading region in the military drone market with the revenue share of over 70% in the year 2016. The growth of the market is attributed to the increasing adoption of the drone in the U.S. for the military and government application. For instance, the U.S the Federal Bureau of Investigation (FBI) and Department of Homeland Security is using drone for law enforcement and police investigation. They are also planning to use drones for disaster management and firefighting application.

Asia Pacific region is estimated to grow fastest in the military drone market with a CAGR of 17.6%, owing to the increase in the use of UAVs in countries such as Japan, China, Australia, and India, where there are opportunities in abundance for traffic monitoring, border management, and surveillance. South Korea is estimated to emerge as a market leader in drone technology in the APAC region because of its government's firm commitment towards heavy investment in drone for varied applications and use cases.The drone with the payload between 25KG and 150KG is dominating the military drone market with more than 50% revenue share in the 2016. Their ability to perform critical missions such as surveillance mission, rescue operation, support to ground forces and traffic monitoring are the major factors augmenting their demand in the market. Furthermore, their high versatility and high tactical capabilities is also estimated to foster the demand.

Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/2484

The demand from government applications, especially for traffic monitoring and police operation & law enforcement is driving the military drone market. The traffic departments around the world have started testing and deploying drones to monitor and manage urban traffic systems. For instance, in December 2017, the police department in Dubai launched drones to monitor the traffic on the roads. These drones use 4G technology and are controlled by officers from the Dubai Command Room. They also provide a live broadcast of traffic jams during peak hours enabling quick dispatching on patrol units to ease the congestion.

Drones used as UAVs or Remotely Piloted Aerial Systems (RPAS) by armed forces are making significant contributions to their warfighting capabilities. In war zones, drones enable enemy tracking, reconnaissance of unknown areas/buildings and force protection. As these machines are becoming increasingly smaller, quieter, lighter with better optics, increased battery-life, fuel capacity, and flight times, militaries are expected to deploy more drone-based attacks and defense systems to avoid the risk of harming human resource.

The changing face of warfare in the recent years has been a pivotal factor stimulating military drone market. Aided by cumulative product demand and rapidly progressive technological advancements, this vertical is expected to add a new dimension to the evolving smart industry. Ironically, the latest news about the U.S. military having developed drones that can decide who to kill has created major undulations in military drone industry. As a potential aftermath, the world is still debating over what such a technology can mean for the future of warfare and war ethics. However, it would be fair to state that the advantages of using drones in warfare and military operations have surpassed all debatable boundaries. This is quite evident from the estimates that claim military UAV market share to register a CAGR of 12% over 2017-2024.

Request for customization @ https://www.gminsights.com/roc/2484

Some of the prominent vendors of the military drone are BAE Systems Inc., Aerovironment Inc., Boeing, General Atomic, China Aerospace, Israel Aerospace Industries Ltd., Leonardo, Northrop Grumman, Textron Systems. And Lockheed Martin.

Table of Contents (ToC) of the report:

Chapter 1.   Methodology & Scope

1.1.  Methodology

1.1.1. Initial data exploration

1.1.2. Statistical model and forecast

1.1.3. Industry insights and validation

1.1.4. Scope, definition and research parameters

1.2.  Data Sources

1.2.1. Primary

1.2.2. Secondary

Chapter 2.   Executive Summary

2.1.  Military drone market 360º synopsis, 2013 - 2024

2.1.1. Business trends

2.1.2. Regional trends

2.1.3. Product trends

2.1.4. Technology trends

2.1.5. Range trends

2.1.6. Maximum take-off weight trends

2.1.7. Application trends

Chapter 3.   Military Drone Market Insights

3.1.  Introduction

3.2.  Military drone segmentation

3.3.  Military drone industry landscape, 2013 - 2024

3.4.  Military drone market ecosystem analysis

3.5.  Military drone evolution

3.6.  Market news

3.7.  Drone regulations

3.7.1. U.S.

3.7.2. Canada

3.7.3. U.K.

3.7.4. Germany

3.7.5. France

3.7.6. Italy

3.7.7. Spain

3.7.8. Australia

3.7.9. China

3.7.10.  India

3.7.11.  Japan

3.7.12.  South Korea

3.7.13.  Brazil

3.7.14.  Mexico

3.7.15.  Argentina

3.7.16.  UAE

3.7.17.  Israel

3.7.18.  South Africa

3.8.  Technology & innovation landscape

3.8.1. AI in drones

3.8.2. Nano & Mini drones

3.8.3. Cloud computing-based services

3.8.4. Advanced material in manufacturing of drones

3.8.5. IoT drones

3.8.6. Spy drones

3.8.7. Swarm drones

3.8.8. Combat drones

3.9.  Industry impact forces

3.9.1. Growth drivers    Venture capital investment in drone technology    Modernization initiatives taken by armed forces across the globe    Increasing internal and external security threats    Advancement in design and integrated data intelligence    Growing demand from developing economies

3.9.2. Industry pitfalls & challenges    Stringent government regulations    Security & privacy issues

3.10.    Growth potential analysis

3.11.      Porter's analysis

3.12.      PESTEL analysis

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/military-drone-market

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

Related News

Positron Emission Tomography Market To Witnessed An Appreciable Growth By 2026

Published Date: 2020-11-30         Author: Ronak Bora

Tentatively called ‘Global Positron Emission Tomography Market Research Report’, has compiled the report having undertaken extensive research and providing an in-depth evaluation of the global market. The report is basically inclusive of a detailed study of this market in combination wit... Read More

Medical Imaging Workstations Market Is Predicted to Witness A Massive Growth Up To 2026

Published Date: 2020-11-30         Author: Ronak Bora

An inherent blend of vital market definitions, the medical imaging workstations market report comprises details pertaining to the overall scope of the industry, pivotal insights, and parameters such as the industry ecosystem analysis, growth drivers responsible for fueling the commercialization matr... Read More

Surgical Devices Market Revenue & Regional Analysis Forecast to 2026

Published Date: 2020-11-30         Author: Ronak Bora

The research report on surgical devices market, in substance, presents an exclusive understanding of the vast expanse of the business space in question. The report comprises a gist of the industry by means of providing an executive summary, industry insights, industry ecosystem analysis, market segm... Read More

© 2020 Fractovia. All Rights Reserved