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Military Drone Market 2020 – 2024 | Segments, Key Drivers and Competitive Landscape

Author : Ronak Bora | Published Date : 2020-08-26 

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.

The demand from government applications, especially for traffic monitoring and police operation & law enforcement is driving the military UAV 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.

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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.

It has been anticipated that North America, by 2024, will be accounting for 70% of the overall military drone market share. This expansive growth can be aptly credited to the heavy adaptation of drones in civil applications and the ongoing ‘War on Terror’ that the U.S. is current involved in. Till date, the United States has carried out several lethal drone strikes in Pakistan, Somalia and Yemen. Incidentally, these are the countries that the U.S. and its allies are not openly at war with, as is the case with Afghanistan, Libya and Iraq. As a measure to extend the reach of the war against terrorism, the U.S. has also concentrated its drone campaigns in North Africa, using Predator drones for surveillance and targeting radical terrorist groups. Undeniably, U.S. has emerged as a viable revenue pocket for North America military drone market.

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.

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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 5.   Global Military Drone Market, By Product

5.1.  Global military drone market, by product, 2013 & 2024

5.2.  Fixed wing drone      

5.2.1. Market estimates and forecast, 2013 - 2024

5.2.2. Market estimates and forecast, by region, 2015 – 2024

5.3.  Rotary blade drone

5.3.1. Market estimates and forecast, 2013 - 2024

5.3.2. Market estimates and forecast, by region, 2013 - 2024

5.4.  Hybrid drone

5.4.1. Market estimates and forecast, 2013 - 2024

5.4.2. Market estimates and forecast, by region, 2013 – 2024

Chapter 6.   Global Military Drone Market, By Technology

6.1.  Global military drone market share by technology, 2013 & 2024

6.2.  Remotely operated drone

6.2.1. Market estimates and forecast, 2013 - 2024

6.2.2. Market estimates and forecast, by region, 2013 – 2024

6.3.  Semi-autonomous drone

6.3.1. Market estimates and forecast, 2013 - 2024

6.3.2. Market estimates and forecast, by region, 2013 – 2024

6.4.  Autonomous drone

6.4.1. Market estimates and forecast, 2013 - 2024

6.4.2. Market estimates and forecast, by region, 2013 – 2024

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.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

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