Global Military Drones Industry Research Report 2023: Rising Popularity of Drone Swarm Technology Revolutionizes Military Drone Market with Cost Efficiency and High Firepower

Dublin, Aug. 08, 2023 (GLOBE NEWSWIRE) -- The "Military Drones Global Market Report 2023" report has been added to * ResearchAndMarkets.com's* offering.

The global military drones market will grow from $14.54 billion in 2022 to $15.88 billion in 2023 at a compound annual growth rate (CAGR) of 9.2%. The military drones market is expected to grow to $20.64 billion in 2027 at a CAGR of 6.8%.

The military drones market caters to a wide range of purposes, including operations, surveillance, mapping, communication, and equipment delivery in the military sector. The values presented in this market represent the 'factory gate' values, encompassing goods sold by manufacturers or creators to other entities or directly to end customers, inclusive of related services sold by the creators.

Asia Pacific emerged as the largest region in the military drones market in 2022, while Western Europe is anticipated to be the fastest-growing region during the forecast period. The comprehensive coverage of the global military drones market spans across regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The main types of military drones include fixed-wing, rotary-wing, and hybrid. Fixed-wing drones operate as unmanned planes, remotely commanded by humans or autonomously through onboard systems. These drones find application in various sectors, such as search and rescue, national defense, and military exercises.

The market encompasses diverse drone types, such as MALE (Medium-Altitude Long-Endurance), HALE (High-Altitude Long-Endurance), TUAV (Tactical Unmanned Aerial Vehicle), UCAV (Unmanned Combat Aerial Vehicle), and SUAV (Small Unmanned Aerial Vehicle), each leveraging distinct technologies like remotely operated, semi-autonomous, and autonomous.

This robust growth in the military drones market signifies the increasing importance of unmanned aerial vehicles in defense and security operations globally. As technology continues to advance, military drones are expected to play a pivotal role in strengthening national security, conducting reconnaissance missions, and optimizing communication and equipment delivery capabilities for military forces worldwide.

Increasing government funding for military drones to enhance efficiency in military operations boosts the demand for the production of military drones. For instance, in May 2021, according to an article published by the National Defense Industrial Association, a US-based trade association for the United States' government and defense industry, in fiscal year 2021, the US Defense Department allotted $7.5 billion for a range of robotic platforms and associated technologies.

For the purchase of 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. Hence, the increasing government spending on unmanned drones is driving the military drone market.

Drone swarm technology is growing in popularity in the military drone market due to its cost efficiency and high firepower. Drone swarms are a large group of small drones that coordinate with each other to perform actions such as a survey of enemy territories, search and rescue, and attacks on hostile objects.

Drone swarm technology involves the production of several small, cheap drones rather than one large, expensive drone, therefore offering military drone manufacturers and end-users efficiency in terms of cost and time. With the use of advanced swarm technologies, the military and armed forces can effectively carry out lethal drone strikes in multiple places at once.

For instance, Microsystems developed a drone swarming system called the WOLF-PAK, which has the capability to fly small drones in groups and make them split away from the group whenever necessary. In February 2022, Halcon, a subsidiary of EDGE Group, a UAE-based provider of military weaponry and related technologies, unveiled the Hunter 2-S, a tube-launched swarming drone system. The Hunter 2-S is an unmanned aerial vehicle from the Hunter 2 series.

These drones are anticipated to communicate with one another in order to track targets, hold positions, and engage with the proper targets. The drones can communicate with each other through a main channel using a specific algorithm, which sends messages to all of the drones and assigns each one of them a specific mission to fly to the target.

The countries covered in the global military drones market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Major players in the military drones market are Northrop Grumman, Lockheed Martin, Boeing, AeroVironment, General Atomics, Textron, Elbit Systems, Israel Aerospace Industries, Thales, China Aerospace Science And Technology Corporation.

*Key Attributes:*

*Report Attribute* *Details*
No. of Pages 175
Forecast Period 2023 - 2027
Estimated Market Value (USD) in 2023 $15.88 billion
Forecasted Market Value (USD) by 2027 $20.64 billion
Compound Annual Growth Rate 6.8%
Regions Covered Global

*A selection of companies mentioned in this report includes*

· Northrop Grumman
· Lockheed Martin
· Boeing
· AeroVironment
· General Atomics
· Textron
· Elbit Systems
· Israel Aerospace Industries
· Thales
· China Aerospace Science And Technology Corporation
· Aeronautics
· BAE Systems
· Ball Corporation
· Airbus
· IAI
· AVIC
· CASC
· Raytheon
· Saab
· Leonardo S.P.A
· Space Exploration Technologies Corporation
· Mitsubishi Electric Corporation
· Orbital ATK Inc.
· Planet Labs Inc.
· VTOL Technologies

*Key Topics Covered:*

*1. Executive Summary*

*2. Military Drones Market Characteristics*

*3. Military Drones Market Trends And Strategies*

*4. Military Drones Market - Macro Economic Scenario*
4.1 COVID-19 Impact On Military Drones Market
4.2 Ukraine-Russia War Impact On Military Drones Market
4.3 Impact Of High Inflation On Military Drones Market

*5. Military Drones Market Size And Growth*
5.1. Global Military Drones Historic Market, 2017-2022, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Military Drones Forecast Market, 2022-2027F, 2032F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market

*6. Military Drones Market Segmentation*
6.1. Global Military Drones Market, Segmentation By Drone Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

· MALE
· HALE
· TUAV
· UCAV
· SUAV

6.2. Global Military Drones Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

· Fixed-Wing
· Rotary Wing
· Hybrid

6.3. Global Military Drones Market, Segmentation By Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

· Remotely Operated
· Semi-Autonomous
· Autonomous

6.4. Global Military Drones Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

· Search and Rescue
· National Defense
· Military Exercises
· Others

*7. Military Drones Market Regional And Country Analysis*
7.1. Global Military Drones Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Military Drones Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

For more information about this report visit https://www.researchandmarkets.com/r/yj771s

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*Attachment*

· Global Military Drones Market

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