Military Drone Market Size, Security Applications, Business Growth, Technological Advancements, Industry Trends, and Opportunities 2021
Military Drone Market by Payload Type (C4I, Electro-optic, Radar, Electronic Warfare, Sonar, Camera, SI and CI), by Drone Type (MALE, HALE, TUAVs, UCAVs, Naval UAVs, and SUAVs), and by Geography – Forecast To 2021
Pune, India – May 2, 2018 /MarketersMedia/ —
Military Drone Market – Overview
According to a recent study report published by the Market Research Future, the global market for global military drone will grow at a rapid pace during the forecast period. The market is expected to witness slow but steady growth by 2023, which will be a growing fast at a moderate CAGR during the projected period (2017 -2023).
Many new global military agencies have adopted drones to protect their borders, enforce law and for combat missions. Moreover, the growing demand for global military drone equipment’s that satisfy the demand for unmanned aerial vehicle (UAV) expansion. The expansion of UAVs is estimated to rise in military drones expenses and as well as it is expected to add to the growth of the market. However, effect of defense budget cut on the procurement of drones, limitation of endurance and flight range, and issues with battery technology of UAVs acts as a barrier to the growth of global military drone market.
The growing investment by venture funding and increase in demand for drone-generated data in commercial application has an impact on the market. Moreover, the factor responsible for the growth of global military drone market is drones in the military application, integration of drone in the current warfare systems to combat or counter threats, and cost-effective as compared to manned aircraft. This is the primary factor that drives the growth of the global military drone market and has gained prevalence in the recent times, with the usage of best in class technologies in aircraft. Thus, the growth of the global military drone market is expected to go hand in hand with the growth of unmanned aerial vehicles in the aircraft industry.
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Major Key Players
AeroVironment (U.S.),
General Atomics Aeronautical Systems (U.S.),
Israel Aerospace Industries (Israel),
Lockheed Martin (U.S.),
Northrop Grumman (U.S.),
AAI Corporation – Textron Systems (U.S.),
Aeryon Labs Inc. (Canada),
American Dynamics (U.S.),
BAE Systems (U.K.), and Boeing (U.S.) and others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global Military Drone Market.
Industry/ Innovation/ Related News:
March, 2018 – AeroVironment Inc. had signed a contract by the U.S. Army to support a military sale of unmanned aerial vehicles to Egypt.
April, 2018 – General Atomics Aeronautical Systems Inc. had signed a contract by the U.S. Air Force to support weaponized unmanned aircraft system for U.K.
Military Drone Market – Segmentation
The global military drone market is segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Payload Type: Comprises Sensors, Camera, Navigation Systems and Others
Segmentation by Drone Type: Comprises MALE, HALE, TUAV, UCAV and SUAV
Segmentation by Applications: Comprises Spying, Search and Rescue, Border Security, and Combat
Segmentation by Regions : Comprises Geographical regions – North America, Europe, Asia-Pacific, Middle East & Africa and South America.
Global Military Drone Market: Regional Analysis
North America region market is dominating the market of global military drone market due to high adoption rate of drones in various commercial applications and defense applications.
European region is referred to as the second-largest global military drones market due to factors such usage of drones in diverse environments and high-risk roles have fuelled the demand for Global Military Drone market.
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Target Audience
• Military Drone OEMs
• System/Equipment Suppliers
• Government Bodies
• Potential Investors
• Key executive (CEO and COO) and strategy growth manager
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact Info:
Name: Abhishek sawant
Organization: Market Research Future
Phone: +1 646 845 9312
For more information, please visit https://www.marketresearchfuture.com/reports/military-drone-market-1667
Source: MarketersMedia
Release ID: 339628
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