Global Unmanned Defense Aerial Vehicle Market Size, Drivers, Trends, Opportunities And Strategies – Includes Unmanned Defense Aerial Vehicle Market Strategy
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Increasing spending on defense for unmanned technologies are expected to drive innovation in unmanned defense aerial vehicle manufacturing, thus driving the market during the forecast period.
The global unmanned defense aerial vehicle market is expected to grow from $13.09 billion in 2022 to $14.02 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The global unmanned defense aerial vehicle market size is expected to grow to $17.68 billion in 2027 at a CAGR of 6.0%.
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Global Unmanned Defense Aerial Vehicle Market Segments Include:
- By UAV Type:Multi Rotor, Single Rotor, Fixed Wing, Fixed Wing Hybrid VTOL
- By Range:Visual Line of Sight (VLOS), Extended Visual Line of Sight (EVLOS), Beyond Line of Sight (BLOS)
- By Technology:Remotely Operated, Semi-Autonomous, Fully-Autonomous
- By Geography:The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global unmanned defense aerial vehicle market in 2021.
Major Market Players in the unmanned defense aerial vehicle market include Boeing, BAE Systems, PLC., DJI, Elbit Systems, General Atomics, Israel Aerospace Industries, Northrop Grumman, Textron, and AeroVironment.
The business expansion by key players operating in the industry is a leading trend in the unmanned defense aerial vehicle market. For instance, in June 2022, Garuda Aerospace, an India-based developer of unmanned aerial vehicles, announced that it has partnered with HiiLSE Drones, a company based in Malaysia, to build a 2.42-hectare drone factory there with a daily production capacity of about 50 drones. Garuda Aerospace intends to provide drone technologies to both the government and private sectors throughout the region and is anticipated to invest Rs 115 crore in the partnership Hence, the business expansions by leading players are shaping the unmanned defense aerial vehicle market.
The Unmanned Defense Aerial Vehicle Global Market Report 2023 provides a unmanned defense aerial vehicle market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The unmanned defense aerial vehicle market forecast analyzes unmanned defense aerial vehicle market size, unmanned defense aerial vehicle market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Unmanned defense aerial vehicle refers to drones and aircraft with no onboard humans that are guided autonomously, used in defense operations. UAVs carry sensors, target designators, aircraft ordnance such as ATGMs, missiles, bombs, or electronic transmitters that are designed to destroy enemy targets in defense applications.
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