Dublin, Aug. 31, 2022 (GLOBE NEWSWIRE) -- The "Military Drone Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Product Type, By Technology, By Altitude, By Range, Extended Visual Line of Sight, Beyond Line of Sight), By Weight, and By Region" report has been added to ResearchAndMarkets.com's offering.
The global military drone market is anticipated to grow at an impressive CAGR in the forecast period, 2023-2027. The market is driven by the growing popularity of unmanned aerial vehicles in the armed forces and increasing defense expenditure by developing countries.
Unmanned aerial vehicles are now being used by military forces for a variety of purposes, including crowd control, border security, crime prevention, conducting insurgencies, threat detection, identifying risk-prone locations, and disaster management, among others.
They are considered a more affordable alternative to hiring defense professionals for the armed forces. Modern warfare is increasingly dependent on military drones. Soldiers who are in inhospitable locations or on the battlefield can receive logistical help from drones. Drones have the capacity to transport missiles, heavy armaments, and tons of ammunition.
Besides, the rising popularity of unmanned aerial vehicles in the armed services due to their extensive military applications, including surveying and mapping, monitoring, and combat operations are contributing to the market growth. Moreover, increased defense spending and ongoing R&D activities are anticipated to positively influence the growth of the global military drone market.
The global military drone market is segmented on the basis of product type, technology, altitude, range, weight, regional distribution, and competitive landscape. Based on product, the market is divided into fixed-wing, rotary-wing, and hybrid. Fixed-wing aircraft are expected to hold the largest market share in the forecast period, 2023-2027. The primary benefit of fixed-wing aircraft is their ability to travel long distances on a single battery, making them suitable for monitoring and surveillance operations. Military drones with fixed wings can still fly and land safely in the event of total failure. Because fixed-wing aircraft have outstanding aerodynamics, the most sophisticated and potent unmanned aerial vehicles are built using fixed-wing constructions.
Major market players operating in the global military drone market are Northrop Grumman Corporation, Elbit Systems Ltd., Israel Aerospace Industries, AeroVironment, Inc. , Lockheed Martin Corporation, The Boeing Company, Thales Group, Textron Inc., Raytheon Technologies Corporation, BAE Systems plc.
Key Target Audience:
Market research and consulting firms
Government bodies such as regulating authorities and policy makers
Organizations, forums, and alliances
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as product manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:In this report, global military drone market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Military Drone Market, By Product Type:
Military Drone Market, By Technology:
Remotely Operated Drones
Military Drone Market, By Altitude:
Military Drone Market, By Range:
Visual Line of Sight (VLOS)
Extended Visual Line of Sight (EVLOS)
Beyond Line of Sight (BLOS)
Military Drone Market, By Weight:
Below 500 kg
1000- 2000 kg
Above 2000 kg
Military Drone Market, By Region:
Europe & CIS
Middle East & Africa
Key Topics Covered:
1. Product Overview
2. Research Methodology
3. Executive Summary
4. Impact of COVID-19 on Global Military Drone Market
5. Global Military Drone Market Outlook
6. North America Military Drone Market Outlook
7. Asia Pacific Military Drone Market Outlook
8. Europe & CIS Military Drone Market Outlook
9. South America Military Drone Market Outlook
10. Middle East and Africa Military Drone Market Outlook
11. Market Dynamics
12. Market Trends and Developments
13. Competitive Landscape
14. Strategic Recommendations
Northrop Grumman Corporation
Elbit Systems Ltd.
Israel Aerospace Industries
Lockheed Martin Corporation
The Boeing Company
Raytheon Technologies Corporation
BAE Systems plc
For more information about this report visit https://www.researchandmarkets.com/r/txzirx
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