Military Drone Market is Estimated to Grow at a CAGR of 11.7% from 2022 to 2028
As stated in our extensive report; the Global Military Drone Market accounted for USD 13.4 Billion in 2021.
Military drones are unmanned aircraft that carry out a variety of tasks, such as target monitoring, surveillance, remote sensing, and combat. Drone pilots are the people that operate these machines remotely. Drones are used by the military to track enemy movements, scout during battles, and can be quite effective in a manhunt. In addition, military drones are efficient since they are less expensive than conventional military weaponry and have improved their accuracy. Additionally, the MQ-1 Predator is the most often employed unmanned aircraft system in battle.
The Military Drone Market is segmented based on range, endurance, propulsion type and applications. Based on application, the market is segmented as Intelligence, Surveillance, Reconnaissance, and Target Acquisition (ISRT), Delivery and Transportation, Combat Operations, and Battle Damage Management. Based on type, the market has been segmented as Fixed-wing, Rotary-wing, and Hybrid/Transitional. Based on range, the market has been segmented as Visual Line of Sight (VLOS), Extended Visual Line of Sight (EVLOS), Beyond and Line of Sight (BLOS). Based on propulsion type, the market is segmented as Battery Powered, Fuel Cell and Hybrid Cell. Based on endurance, the Military Drone Market has been segmented as <1–2 Hours, 2–6 Hours and >6 Hours. Based on launching mode, the market has been segmented as Vertical Take-off, Automatic Take-off and Landing, Catapult Launcher and Hand Launched. Based on MTOW, the market has been segmented as<25 Kilograms, 25–150 Kilograms and >150 Kilograms. Region-wise, the Global Military Drone Market has been segmented into North America, Europe, North America, Latin America, and Middle East & Africa.
To increase the effectiveness of military operations, the government is investing more money in military drones. As a result, demand for and manufacturing military drones will rise. The US Navy’s funding for unmanned systems climbed by USD 1 billion (38%), and the US Army’s funding increased by USD 719 million (73%) in 2019, respectively, according to a research released by the Bard College Center for the Study of the Drone. Additionally, the US Department of Defense (DOD) requested roughly USD 9.39 billion for drones and related technologies in the fiscal year 2019, which is a considerable increase of 26% over the budgeted amount of USD 7.5 billion for drones in 2018. According to a recent research by the Association for Unmanned Vehicle Systems International, the DOD has been given around USD 7.5 billion in the fiscal year 2021 for a range of robotic platforms and related technology. Drone research and development and drone purchases account for the majority of the international defense budget.
Moreover, there are numerous new militaries uses for UAVs that are being discovered. UAVs are used in one of these applications to carry military goods. On the battlefield, soldiers can be resupplied by drones. The concept of employing UAVs for cargo delivery in the military originates from the private sector, where firms like Amazon use drones to deliver goods to clients. The majority of military supplies are now moved by road convoys, making them open targets for enemy strikes. On the other hand, UAVs use aerial routes that can be altered to lessen the risk of enemy assaults on convoys. By using UAVs to deliver military cargo, convoys of soldiers are no longer put in danger. UAV deliveries will be quicker and safer than traditional road convoys.
The US Marine Corps successfully employed an unmanned K-MAX helicopter to carry a total of 2 million kilos (4.4 million lbs.) of supplies to soldiers in Afghanistan in 2012, marking the first time that military cargo had been delivered using drones. Although the delivery was successful, there aren’t many UAVs being used for cargo delivery in the defense industry. Drones that can transport supplies to soldiers anywhere are being developed by researchers. The Joint Tactical Aerial Replenish Vehicle (JTARV), for instance, is a drone that the US military is creating that can resupply soldiers in the field. The DeltaQuad Pro by Vertical Technologies is a military drone with a payload drop mechanism and cutting-edge long-range communication technology that is built to transport industrial payloads over a 150 km range.
During the forecast period, the Military Drone Market in North America is anticipated to develop at the quickest rate. The Saudi government has large defense budgets due to their rapidly improving economic conditions and the growing need to bolster national security by obtaining cutting-edge equipment like military drones for surveillance, monitoring, transportation, and combat operations. Additionally, supportive government policies and rising funding present chances for both foreign and domestic producers to develop military drones and generally promote market expansion.
Demand for shift from legacy management information system (MIS) to MRO software in aviation, will have a favorable impact on the overall Military Drone Market.
Some of the key players in the Global Military Drone Market include- General Atomics Aeronautical Systems Inc. (GA-ASI) (US), Northrop Grumman Corporation (US), Elbit Systems Ltd. (Israel), Israel Aerospace Industries Ltd. (Israel), AeroVironment Inc. (US), Lockheed Martin Corporation (US), Thales Group (France), Boeing (US) and others.