Defense Drone Market Scope
The defense drone enables the technologies needed for safety and security, integrated with digital battlefield performing a number of various missions such as surveillance, intelligence, warnings, artillery, and gunship guidance as well as threat detection. It features a highly modular design, that can be fitted with a wide range of sensors and is easily deployed in foreign theaters of operation. The global defense drone market is estimated to witness the growth due to the rising terrorism around the globe and the need for monitoring the national border and ensuring security and safety of the nation. The market is also driven by continuous research and development investments leading to advancement in drone technology.
Defense Drone market companies operating in these industries are focusing more on efficient growth, improvement of operational efficiency and productivity, achieving high safety standards, and focusing on maintaining sustainable development. The market is highly competitive with a few players occupying the major share. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launches, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Safran S.A. (France), Drone Defense Systems LLC (United States), Israel Aerospace Industries (Israel), General Atomics Aeronautical Systems (United States), Citadel Defense (United States), Northrop Grumman Corporation (United States), Boeing Company (United States), FLIR Systems, Inc. (United States), Lockheed Martin Corporation (United States) and Textron Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are AeroVironment, Inc. (United States) and ideaForge (India).
Segmentation Overview
The study have segmented the market of Global Defense Drone market by Type (Multi Rotor Drone {Tricopter (3 rotors), Quadcopter (4 rotors), Hexacopter (6 rotors) and Octocopter (8 rotors)}, Fixed Wing Drone, Single Rotor Helicopter and Fixed Wing Hybrid VTOL), by Application (Security & Surveillance, Inspection & Land Mapping, Search & Rescue and Others) and Region with country level break-up.
On the basis of geography, the market of Defense Drone has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
The Advent of new Generation Sensors (Gyros and Accelerometers) for Defense Drone and Defense Drones are Being Treated as the Weapon
Market Growth Drivers:
Increasing Terrorism Around the World and Need for Monitoring Respective National Border for Ensuring Safety and Security
Challenges:
Skilled Professionals from Defense are Required to Operate the Defense Drone and Stringent Regulatory Standards on Defense Drone
Restraints:
High-Cost Investment and Maintenance Related Issues with Defense Drone Production and Wild Birds Like Eagles might Create Issues for Defense Drones
Opportunities:
Rising Military Investments on Defense Infrastructure for Technological Advancements in Defense Drone and Surging Demand for Defense Drone from More Terrorism Prone Countries
On 5th February 2020, Israel Aerospace Industries announced the strategic collaboration signing the Memorandum of Association (MOU) with a focus on UAVs with India’s Hindustan Aeronautics Limited (HAL) and Dynamatic Technologies Limited (DTL). The MOU will reflect existing UAV capabilities developed by IAI over the years and promote the production of Indian UAVs, in line with the Indian Government’s “Make in India” policy. This partnership will allow the implementation of optimal solutions for the needs of the local customer based on their specific technologies and needs. IAI has also established, with local collaboration, and MRO dedicated to UAVs to provide the customers with high-availability responses and quick maintenance.
"According to the Federal Aviation Administration State and Local Laws & Regulations, some states have established their own regulations on drones. Alaska regulations stating that drones must stay a minimum of 500 feet horizontally or 250 feet vertically of any "critical facility." These include but are not limited to courthouses, hospitals, military installations, water treatment and oil and gas facilities, and power plants. South Dakota's regulation stating SB 80 mandates that drone operation complies with appropriate FAA requirements. It also classifies drone use over military and correctional facilities as a class 1 misdemeanor. Delivering contraband or drugs by drone to a correctional facility is a class 6 felony under this law."
Key Target Audience
Defense Drone Manufacturers, Defense Drone Distributors and Suppliers, Defense Drone International Traders, Research and Development Institutes, Financial Institutes and Potential Investors, Regulatory Bodies, Industry Associations and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.