What is Military Drones Market Scope?
High Adoption of drones in the military application, cost-effectiveness as compared to manned aircraft and integration of drones in the current warfare systems to combat or counter threats. These factors will help to boost the global military drone market. Military Drones are a component of an unmanned aircraft system, which contains a ground-based controller and a communication system. The military drones have simple operational as well as maintenance procedures with high military tactical abilities. They are multipurpose and may carry a range of missions including search and rescue, supporting armed service, traffic monitoring and intelligence missions. The military drones is operated with various degrees of autonomy, either by remote control or autonomously.
Influencing Trend:
Growing Use of Military Drones in Life-Threatening Military Missions and Rising Preference for Modern Warfare Techniques
Market Growth Drivers:
High Adoption due to Use in Defense Forces as Loitering Munition and Upsurging Use of Drones to Combat Terrorism
Challenges:
Lack of Skilled and Trained Personnel for Operating Military Drones
Restraints:
Rising Issues with the Safety and Security of Drones and Political and Social Acceptability of Military Drones
Opportunities:
Growing Defense Expenditure of Emerging Countries, Technological Developments in the Field of Drone Payloads and High Adoption Due to Use of Uavs for Cargo Delivery in Military Operations
The Military Drones market study is being classified by Type (Fixed-Wing, Rotary-Wing and Hybrid/Transitional), by Application and major geographies with country level break-up.
Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Military Drones market throughout the predicted period.
General Atomics Aeronautical Systems, Inc. (GA-ASI) (United States), Northrop Grumman Corporation (United States), Elbit Systems Ltd. (Israel), Israel Aerospace Industries Ltd. (Israel), AeroVironment, Inc. (United States), Lockheed Martin Corporation (United States), Thales Group (France), Boeing (United States), AAI Corporation – Textron Systems (United States) and Aeryon Labs Inc. (Canada) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are American Dynamics (United States) and BAE Systems (United Kingdom).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Military Drones market by Type, Application and Region.
On the basis of geography, the market of Military Drones 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). North America region hold largest market share in the year 2022. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement.
Market Influencers and their Development Strategies
On 21st November 2018, ELTA Systems, a division and subsidiary of Israel Aerospace Industries (IAI) has launched a new and enhanced configuration of its Drone Guard system which detects, identifies and disrupts the operation of UAS and small drones. With hundreds of units already operational across the world, the new modular configuration has added a Communication Intelligence (COMINT) system for more precise detection, classification and identification based on broadcast frequency and unique communication protocol analysis and verification for neutralizing threats.
On 11th April 2018, Elbit Systems Ltd. has acquired assets and operations of the privately-owned U.S. Company Universal Avionics Systems Corporation. The deal established for 120 million dollars.
“The Federal Aviation Administration (FAA) is using its existing authority under Title 14 of the Code of Federal Regulations (14 CFR). “Special Security Instructions” – to address national security concerns about unauthorized drone operations over 133 military facilities. The FAA and the Department of Defense have agreed to restrict drone flights up to 400 feet within the lateral boundaries of these 133 facilities. The restrictions will be effective April 14, 2017. There are only a few exceptions that permit drone flights within these restrictions, and they must be coordinated with the individual facility and/or the FAA. “
Key Target Audience
Manufactures, Suppliers and Distributors, Automotive Industry, Government Regulatory Bodies, Private and Government Research Organizations and Others
Military Drones Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Military Drones Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Military Drones industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.