The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Increasing government funding for military drones to enhance efficiency in military operations are expected to drive innovation in military drones manufacturing, thus driving the market during the forecast period.

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

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Global Military Drones Market Segments Include:

• By Drone Type:MALE, HALE, TUAV, UCAV, SUAV
• By Type:Fixed-Wing, Rotary Wing, Hybrid
• By Technology:Remotely Operated, Semi-Autonomous, Autonomous
• By Application:Search and Rescue, National Defense, Military Excercises, Others
• 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 military drones market in 2021.

Major Market Players in the military drones market include Northrop Grumman, Lockheed Martin, Boeing, AeroVironment, General Atomics, Textron, Elbit Systems, Israel Aerospace Industries.

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 Military Drones Global Market Report 2023  provides a military drones market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The military drones market forecast analyzes military drones market size, military drones 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.

Military drone refers to unmanned aerial vehicles that are specifically used for military purposes such as border surveillance, battle damage management, combat operations, communication, delivery, and anti-terrorism weaponry.

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