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The global military drone market size reached a value of around USD 14.22 billion in 2023. The market is expected to grow at a CAGR of 9.5% between 2024 and 2032, reaching a value of USD 32.20 billion by 2032.
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Military drones refer to unmanned aircrafts or drones that are used for military purposes. They can be used to carry out a variety of tasks, such as surveillance, intelligence gathering, remote sensing, and combat. Military drones are considered to be a modern force multiplier that can increase the capacity of security forces to identify fresh threats for national defence and homeland security. They can conduct reconnaissance operations, act as border guards, and identify high-risk areas in remote locations.
The use of artificial intelligence (AI) in military drones is expected to significantly change the military drone market on a global scale, offering extensive opportunities to the market. In-depth research is being done by many vendors, who are producing drones equipped with a variety of autonomous tools supported by machine learning (ML) and AI capabilities. These developments could represent a significant market opportunity for the global military drone market in the years to come. These drones will be equipped with a variety of electronic warfare capabilities and be used in numerous military applications as a result.
Some of the major challenges that prevent the widespread use of military drones are privacy concerns, social challenges, and safety and security of the drones. Additionally, a lack of technical know-how on how to deploy these drones could potentially be a significant hurdle for market expansion.
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Based on product, the market can be segmented into fixed wing, hybrid, and rotary wing. The market on the basis of technology can be divided into remotely operated drones, semi-autonomous drones, and autonomous drones. On the basis of range, the market is categorised into visual line of sight (VLOS), extended visual line of sight (EVLOS), and beyond visual line of sight (BVLOS), among others. Based on system, the military drone market is divided into airframe, avionics, propulsion, payloads, and software, among others. Propulsion is further divided into electric propulsion engine, turboprop engine, and turboshaft engine while payloads are sub-divided into cameras, CBRN sensors, EOIR payload, radar, and LiDAR, among others.
On the basis of application, the market can be classified into intelligence, surveillance, reconnaissance, and targeting (ISRT), combat operations, battle damage management, and logistics and transportation, among others. The regional markets for military drones can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global military drone market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
The fixed wing segment is anticipated to have a significant market share over the forecast period due to their superior support for payloads, increased endurance ranges, and versatile applications. Like an aeroplane, fixed-wing drones take off from the ground by using their wings, due to which fixed-wing UAVs can travel farther than rotor-wing drones. A key advantage of fixed-wing aircrafts is their ability to cover large distances on a single battery, which makes them ideal for monitoring and surveillance activities, thus increasing their military drone market share. In the event of complete failure, military drones with fixed wings can still fly and land safely. Due to their superior aerodynamics, fixed-wing formats are used for the most advanced and powerful unmanned aerial vehicles (UAVs).
During the forecast period, the visual line of sight (VLOS) segment is anticipated to develop at a fast rate due to the rise in the use of VLOS military drones by various governments in applications including traffic monitoring, firefighting, and disaster management. Authorities are putting in place various VLOS regulations, to manage drones used for commercial, leisure, or military purposes.
However, in the coming years, the beyond visual line of sight (BVLOS) range of military drones is also expected to witness rapid growth. This can be attributed to the rising acceptance of drones that fly beyond visual line of sight as they boost productivity and speed up data collection.
North America has held a significant share in the military drone market, led by countries such as the United States, which have large defence budgets as sizable military budgets support the incorporation of cutting-edge technological advancements. The growing need to strengthen national security by acquiring technologically cutting-edge equipment like military drones for surveillance, monitoring, transportation, and combat operations, is driving the market for military drones in North America. Additionally, the market will likely expand further due to favourable rules by governments in the region and the increase in production of military drones internationally and domestically.
Meanwhile, Asia Pacific is projected to experience significant expansion and a fast CAGR in the military drone market over the forecast period. This can be attributed to the increased spending by several countries on their militaries to strengthen their defensive capacities. The demand for military drones is expected to increase as border conflicts become more prevalent and countries invest in real-time surveillance drones in order to enhance border patrolling and situational awareness.
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Saab AB is a leading military and security business that was founded in 1937 with its headquarters in Sweden. It operates in the aerospace, aviation, and defence sectors, with its offerings comprising of aircrafts, missiles, electronics, and computers, among others. The company develops, produces, and supports cutting-edge technologies for aviation, weaponry, command and control, sensors, and underwater systems.
General Atomics, a defence and diversified technologies firm based in California in the United States, was created in 1955 as a division of General Dynamics and was acquired by the Blue family in 1986. The business creates cutting-edge technological solutions for use in both public and private sectors, including a range of unmanned aircrafts and signals intelligence, optical, radar, and automated airborne surveillance systems.
Lockheed Martin Corporation, headquartered in Maryland in the United States, is a multinational security and aerospace firm with a focus on aerospace products, such as aeroplanes, satellites, launchers for outer space, and defence systems, as well as other high-tech equipment and services. The company's primary business activities include research, manufacture, integration, design, development, and maintenance of sophisticated technology systems, products, and services.
Other market players include Trexton Inc., Elbit Systems Ltd, Thales Group, BAE Systems Plc, Northrop Grumman Company, AeroVironment Inc., and Hindustan Aeronautics Ltd, among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
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Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Product |
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Breakup by Technology |
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Breakup by Range |
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Breakup by System |
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Breakup by Application |
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Breakup by Region |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global market for military drone attained a value of nearly USD 14.22 billion.
The market is projected to grow at a CAGR of 9.5% between 2024 and 2032.
The military drone market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 32.20 billion by 2032.
The major drivers of the market include the increasing demand for better surveillance solutions, defence modernisation, and increase in military expenditure in various countries.
The increasing integration of advanced military drones and the rise in border disputes are the key trends propelling the growth of the market.
The major regions in the market for military drones are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The major players in the market are Saab AB, General Atomics, Lockheed Martin Corporation, Trexton Inc., Elbit Systems Ltd, Thales Group, BAE Systems Plc, Northrop Grumman Company, AeroVironment Inc., and Hindustan Aeronautics Ltd, among others.
The most prevalent fuel used by military drones is hydrogen, and the most prevalent oxidiser is airborne oxygen.
The different technologies for military drones include remotely operated drones, semi-autonomous drones, and autonomous drones.
The primary applications of military drones are intelligence, surveillance, reconnaissance, and targeting (ISRT), combat operations, battle damage management, and logistics and transportation, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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