DUBLIN--(BUSINESS WIRE)--The "Military Drones Global Market Report 2021: COVID-19 Growth and Change to 2030" report has been added to ResearchAndMarkets.com's offering.
Major players in the military drones market are Northrop Grumman, Lockheed Martin, Boeing, AeroVironment and General Atomics.
The global military drones market is expected to grow from $12.85 billion in 2020 to $14.61 billion in 2021 at a compound annual growth rate (CAGR) of 13.7%.
The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges.
The market is expected to reach $32.14 billion in 2025 at a CAGR of 22%.
The military drones market consists of sales of military drones and related services. The military drones are specifically used for military purposes such as border surveillance, battle damage management, combat operations, communication, delivery, and anti-terrorism weaponry. Military drones include tactical drones, MALE (Medium altitude, long endurance) drones, HALE (High altitude, long endurance) drones, TUAV (Tactical unmanned air vehicle) drones, UCAV (Unmanned combat air vehicle) drones, SUAV (Small unmanned air vehicle) drones, and others.
Increasing government funding on military drones to enhance efficiency in military operations boosts the demand for the production of military drones. According to the 2018 report published by the Bard College Center for the Study of the Drone, in 2019, the U.S. Navy funding for unmanned systems increased by $1 billion (38%) and the U.S Army funding increased by $719 million (73%), when compared to 2018.
Furthermore, the Department of Defense in the US requested approximately $9.39 billion for drones and associated technologies in the fiscal year 2019, representing a significant expansion of 26% in drone spending over the 2018 budget, which was $7.5 billion. Hence, the increasing government spending on unmanned drones is driving the military drones market.
The production and delivery are the two factors likely to limit the development of military drone's market during 2020. The COVID19 outbreak impacted the supply chains for various industries including the auto industry, electronics industry, food industry, pharma industry, and defense industry across the globe. Many manufacturing plants are operating at minimal capacities or have shut down their operations completely.
According to Air Force Technology publication on 7th April 2020, COVID19 disrupted defense supply chains. The production and assembling activities have been stopped by the big companies owing to the COVID19 lockdowns. Therefore, the productions and disruptions are deteriorating the distribution and supply of military drones, which in turn, is expected to decline the military drones sales during 2020.
The military drones market covered in this report is segmented by drone type into MALE, HALE, TUAV, UCAV, SUAV. It is also segmented by type into fixed-wing, rotary wing, hybrid, by technology into remotely operated, semi-autonomous, autonomous and by application into search and rescue, national defense, military exercises, others.
Drone swarm technology is growing its popularity in the military drones market due to its cost efficiency and high fire-power. Drone swarms are a large group of small drones that coordinate with each other to perform actions such as a survey of enemy territories, search and rescue and attacks on hostile objects. Drone swarm technology involves the production of several small cheap drones than one large expensive drone, therefore offering military drone manufacturers and end-users efficiency in terms of cost and time. With the use of advanced swarm technologies, military and armed forces can effectively carry out lethal drone strikes in multiple places at once.
For instance, Microsystems developed a drone swarming system called the WOLF-PAK in 2017 which has the capability to fly small drones in groups and make them split away from the group whenever necessary. In 2019, the U.S Defense Advanced Research Projects Agency (DARPA), and the U.S Air Force Research Lab are investing on a project called Gremlins involving multiple controlled micro-drones that drop out of cargo planes to swarm enemy defenses.
Key Topics Covered:
1. Executive Summary
2. Military Drones Market Characteristics
3. Military Drones Market Trends and Strategies
4. Impact of COVID-19 on Military Drones
5. Military Drones Market Size and Growth
5.1. Global Military Drones Historic Market, 2015-2020, $ Billion
5.1.1. Drivers of the Market
5.1.2. Restraints on The Market
5.2. Global Military Drones Forecast Market, 2020-2025F, 2030F, $ Billion
5.2.1. Drivers of the Market
5.2.2. Restraints on the Market
6. Military Drones Market Segmentation
6.1. Global Military Drones Market, Segmentation By Drone Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- MALE
- HALE
- TUAV
- UCAV
- SUAV
6.2. Global Military Drones Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- Fixed-Wing
- Rotary Wing
- Hybrid
6.3. Global Military Drones Market, Segmentation By Technology, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- Remotely Operated
- Semi-Autonomous
- Autonomous
6.4. Global Military Drones Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- Search and Rescue
- National Defense
- Military Exercises
- Others
7. Military Drones Market Regional and Country Analysis
7.1. Global Military Drones Market, Split By Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7.2. Global Military Drones Market, Split By Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
Companies Mentioned
- Northrop Grumman
- Lockheed Martin
- Boeing
- AeroVironment
- General Atomics
- Textron
- Elbit Systems
- Israel Aerospace Industries
- Thales
- China Aerospace Science And Technology Corporation
- Aeronautics
- BAE Systems
- Ball Corporation
- Airbus
- IAI
- AVIC
- CASC
- Raytheon
- Saab
- Leonardo S.P.A
- Space Exploration Technologies Corporation
- Mitsubishi Electric Corporation
- Orbital ATK Inc.
- Planet Labs Inc.
- VTOL Technologies
For more information about this report visit https://www.researchandmarkets.com/r/dt50sd
