Global 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 2021, which will be a growing fast at a moderate CAGR during the projected period (2017 -2021).
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.
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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.
The expansion of the unmanned aerial vehicle, which has resulted in the development of a set of global military drone market. The increased focus of defense on video monitoring, investigation, remote surveillance, border security, protection of infrastructure, thermo graphic inspection, fire fighting and law enforcement, due to which there will be growth in global military drone market. Hence, it is expected that the rapid expansion of UAVs would eventually drive the global military drone market. Moreover, the popularity of various applications in defense, agriculture, media and entertainment and weather forecasting, will drive the growth of Global Military Drone market during the forecast period.
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.
Global 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.
Scope of Report
The report for Global Military Drone Market of Market Research Future comprises extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economic and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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Table of Contents
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat of New Entrants
3.1.2 Bargaining Power of Buyers
3.1.3 Threat of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power of Buyers
3.2 Value Chain/supply Chain Analysis
List of Tables
Table 1 Global Military Drone Market: by Region, 2017-2023
Table 2 North America Military Drone Market: by Country, 2017-2023
Table 3 Europe Military Drone Market: by Country, 2017-2023
Table 4 Asia Pacific Military Drone Market: by Country, 2017-2023
Table 5 Middle East & Africa Military Drone Market: by Country, 2017-2023
Table 6 South America Military Drone Market: by Country, 2017-2023
Table 7 Global Military Drone Market, by Payload Type, by Regions, 2017-2023
List of Figures
Figure 1 Research Process of Mrfr
Figure 2 Top Down & Bottom Up Approach
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 6 Porter’s Five Forces Analysis
Figure 7 Value Chain Analysis
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