Moreover, the rising incidences of piracy and island grabbing in regions such as Central Asia, South America, East Africa, the Indian subcontinent, Southeast Asia, and West Africa have led to increased maritime patrolling and anti-piracy operations, which has in turn increased the use of unmanned aerial vehicles (UAVs) for maritime patrolling to identify hot spots. UAVs can recognize and observe suspicious ships and safeguard routes that are of commercial importance by providing vital real-time information to concerned agencies in an effective manner.
Download PDF Brochure @
The report provides in-depth analysis of the military drone market based on platform, type (fixed-wing, rotary-wing, and hybrid), application, MTOW, propulsion (turbo engine, piston engine, and battery), operation mode, speed, launching mode, and region. The battery segment is expected to record the highest growth rate during the forecast period, with many short-range and medium-range drones adopting batteries besides the small drones. Battery or electrically-powered military drones use batteries to store energy and power electric motors. These drones are easy to operate and emit lesser noise as compared to turbo engine drones.
The subsonic segment contributed to the majority share of the market as currently, most military drones operate at conventional subsonic speeds. Drones with a speed of less than 100 km/hr generally include small ISR drones and some close-range drones. The growing demand for small drone platforms is set to boost the growth of the 300 km/hr segment.
The Asia Pacific region is projected to be high-growth potential markets for the military drone during the forecast period. Asia Pacific has the fastest-growing technology companies based on percentage revenue growth over three years. China, Malaysia, South Korea, and India heavily invest in military drone development projects.
Key Market Players
The major players in the military drone market include Northrop Grumman Corporation, Raytheon Technologies Corporation, Israel Aerospace Industries Ltd., General Atomics Aeronautical Systems, and Teledyne FLIR LLC.
Ask for Sample Report @
MarketsandMarkets is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.