Military Drones Market value $26.8 billion by 2025 - PowerPoint PPT Presentation

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Military Drones Market value $26.8 billion by 2025

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The military drones market is projected to grow from USD 12.1 billion in 2018 to USD 26.8 billion by 2025, at a CAGR of 12.00% from 2018 to 2025. – PowerPoint PPT presentation

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Title: Military Drones Market value $26.8 billion by 2025


1
According to the latest market research report
"Military Drones Market by Type, Application
(ISRT, Delivery and Transportation, Combat
Operations, Battle Damage Management), Range
(VLOS, EVLOS, BLOS), Propulsion Type, Launching
Mode, Endurance, MTOW, Region - Global Forecast
to 2025", The military drones market is
projected to grow from USD 12.1 billion in 2018
to USD 26.8 billion by 2025, at a CAGR of 12.00
from 2018 to 2025. Browse 73 market data Tables
and 46 Figures spread through 178 Pages and
in-depth TOC on "Military Drones Market -
Global Forecast to 2025" Download PDF Brochure
_at_ https//www.marketsandmarkets.com/pdfdownloadNew
.asp?id221577711 Increasing use of unmanned
aerial vehicles in Intelligence, Surveillance,
Reconnaissance, and Target Acquisition (ISRT)
applications and combat operations is expected
to drive the growth of the military drones market
across the globe. Improvements in flight control
systems, owing to the development of sense and
avoid technology, are also expected to fuel the
growth of the military drones market. The
delivery and transportation application segment
of the military drones market is projected to
grow at the highest CAGR during the forecast
period. Based on application, the delivery and
transportation application segment of the
military drones market is projected to grow at
the highest CAGR from 2018 to 2025. This growth
can be attributed to the increased adoption of
UAVs for military applications such as
inspection, monitoring, surveying, mapping, and
remote sensing, along with providing supplies to
troops. Properties of UAVs such as superior
endurance, high efficiency, and low operating
costs have also fueled their increased use in
military applications. Increasing defense budgets
of various countries have resulted in the growth
of the Extended Line of Sight (EVLOS) segment of
the military drones market. Based on range, the
Extended Visual Line of Sight (EVLOS) segment of
the military drones market is projected to grow
at the highest CAGR during the forecast period.
Small UAVs fall under the EVLOS category and are
primarily used in surveillance, monitoring, and
target acquisition applications. Increasing
defense budgets of various countries across the
globe are expected to drive the growth of the
EVLOS segment of the military drones market
during the forecast period. Improved endurance
and enhanced payload carrying capabilities are
factors leading to the growth of the fixed-wing
segment of the military drones market. Based on
type, the fixed-wing segment of the military
drones market is projected to grow at the
highest CAGR during the forecast period.
Fixed-wing drones offer
2
improved endurance and can cover a large area in
a short interval of time. As such, they are used
in various military applications. Moreover, the
high payload carrying capability of fixed-wing
drones is also expected to lead to their
increased demand across the globe, thereby
fueling the growth of the fixed-wing segment of
the market. The Asia Pacific military drones
market projected to grow at the highest CAGR
during the forecast period. The military drones
market in the Asia Pacific region is projected to
grow at the highest CAGR during the forecast
period. This growth can be attributed to the
increased demand for UAVs from the military
sector of countries such as China, India, and
Japan. The military budgets of the
above-mentioned countries are increasing on a
yearly basis, which has subsequently led to the
adoption of UAVs by militaries of these
countries as these drones assist in the
collection of battlefield data. Key Market
Players Key players operating in the military
drones market include General Atomics
Aeronautical Systems, Inc. (GA-ASI) (US),
Northrop Grumman Corporation (US), Elbit
Systems Ltd. (Israel), Israel Aerospace
Industries Ltd. (Israel), AeroVironment, Inc.
(US), Lockheed Martin Corporation (US), Thales
Group (France), and Boeing (US), among
others. Ask for Sample Report _at_ https//www.market
sandmarkets.com/requestsampleNew.asp?id221577711
About MarketsandMarkets MarketsandMarkets
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