Title: Military Drones on the Rise of $17 Billion Market by 2027
1Military Drones on the Rise 17 Billion Market
by 2027
Get ready for an insightful journey into the
dynamic world of military drones. The Military
Drone Market is poised for remarkable growth, set
to soar from USD 12.0 billion in 2022 to an
impressive USD 17.0 billion by 2027, exhibiting a
robust CAGR of 7.3. What's driving this
expansion, you ask? The surge in investment for
the development and procurement of modern military
solutions capabilities worldwide.
the forces the
is enhancing
of defense Moreover,
- increasing incidents of piracy and territorial
disputes across Central Asia, South America,
East Africa, the Indian subcontinent, Southeast
Asia, and West Africa have triggered intensified
maritime patrolling and anti-piracy
operations, leading to the rising use of
Unmanned Aerial Vehicles (UAVs) for maritime
surveillance. - These UAVs are playing a pivotal
- role in identifying hotspots, recognizing and
monitoring suspicious ships, and securing vital
commercial routes by providing real-time data to
relevant authorities. - Download PDF Brochure _at_
- https//www.marketsandmarkets.com/pdfdownloadNew.a
sp?id221577711 - Dive deeper into the market with 302 market data
tables, 69 figures, and a comprehensive table of
contents Military Drone Market Report - Among propulsion methods, the battery segment is
anticipated to register the highest growth rate
during the forecast period. Battery-powered
military drones, using lithium-ion batteries,
fuel cells, and hybrid cells, are gaining
traction, especially among short-range and
medium-range drones. They offer the advantage of
quieter operation compared to turbo engine
drones, although recharging the lithium-ion
batteries can be time-consuming. Hydrogen-powered
military drones, on the other hand, provide
electric propulsion, enabling extended flight
durations. - Speed is a critical factor, and the subsonic
segment, particularly the lt100 Km/hr and 100300
Km/hr categories, is set to take the lead. These
drones cater to a range of needs, from small ISR
drones to medium endurance, low to medium-range
drones. The demand for tactical drones for ISR
applications is expected to drive growth in
the 100300 Km/hr segment. Furthermore, drones
with a subsonic speed exceeding 300 Km/hr are
high-endurance, medium to long-range, high-speed
drones, and their demand is on the rise.
2The Asia Pacific region emerges as a high-growth
potential market for military drones. With
robust technology and innovation leadership,
countries like China, Malaysia, South Korea, and
India are heavily investing in military drone
development. China, renowned for its
technological prowess, houses prominent military
drone and component manufacturers. The research
teams in China are at the forefront of launching
cutting-edge military drones, a testament to the
region's commitment to technological
advancement. Key Market Players Major players
shaping this market include Northrop Grumman
Corporation, Raytheon Technologies Corporation,
Israel Aerospace Industries Ltd., General
Atomics Aeronautical Systems (GA-ASI), and
Teledyne FLIR LLC, among others. Ask for Sample
Report _at_ https//www.marketsandmarkets.com/request
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