Global Military Drones Market 2019-2025
|発行||Orion Market Research Pvt Ltd||商品コード||920435|
Global Military Drones Market Size, Share & Trends Analysis Report, By Type (Rotary Wing, Fixed Wing, and Hybrid), By Application (Surveillance, Combat Operations, Transportation & Delivery, and Battle Damage Management), and Forecast 2019-2025
The global military drones market is projected to grow at a significant rate during the forecast period owing to the increasing adoption of UAVs in military operations coupled with the rising defense expenditure across the globe. In addition, technological development in drone technology further gives a boost to the growth of the market. The increasing adoption of UAV drones for surveillance applications leads to the adoption of surveillance equipment for monitoring enemy and terror activities and make strategic decisions.
Increasing demand for advanced border protection and surveillance solutions is increasing the demand for UAVs that further contribute to the growth of the market. Moreover, increasing research and development in the military sector further provide significant opportunities in the market. The US and European countries are the major economies investing in the development of defense activities. Moreover, the integration of efficient communication systems and equipment is done through investing in the advanced research fields of the sector.
Geographically, the global military drones market is further classified into North America, Europe, Asia-Pacific, and the Rest of the World. North America is anticipated to have a significant market share, with the largest military expenditure in the US, being the primary factor. As per SIPRI (Stockholm International Peace Research Institute), the US military spending rose to around $649 billion in 2018. The US with a highly matured and technologically advanced military service is further focusing on the deployment of modern network services in the military and has increased its military budget to $1.5 billion for the next five years.
Moreover, Asia-Pacific is estimated to have considerable growth during the forecast period. This is attributed to the increase in military expenditure in the emerging economies of the region such as China, India, and South Korea. These economies are significantly focusing on the disposition of advanced systems and services for its military sector, which includes the upgradation of drone technologies and intelligence warfare systems.
The global military drones market is influenced by product development and advancements conducted by the market players. Some of the key players in the market include Aeronautics Ltd., AeroVironment, Inc., Altavian, Inc., BAE Systems PLC, Boeing Co., Dedrone Holdings, Inc., General Atomics, Leonardo S.p.A., Lockheed Martin Corp., Northrop Grumman Corp., Raytheon Co., Textron Systems Corp., Thales Group among others, among others. These players are playing a significant role in the growth of the military drones market by providing various products and adopting several strategies such as merger and acquisition, partnerships and collaboration, technological development, and others.
The market study of the global military drones market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.
Secondary Sources Include:
The report is intended for drones manufacturers, defense organizations, investing companies, government organizations, aerospace & defense companies, companies investing in military technology, and other market participants for overall market analysis and competitive analysis. The report provides an in-depth analysis of the market size and growth opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions.
The Report covers: