Attractive Growth Opportunities in Military Drones Market till 2025

1
Attractive Growth Opportunities in Military
Drones Market till 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. Rise in
the procurement of UAVs by defense forces,
worldwide is one of the most significant factors
contributing to the growth of the
military drones
increasing use of UAVs in various military
market. The
such as surveying and and combat
applications monitoring, mapping, operations is
also contributing

• to the growth of the military drones market
  across the globe.
• Recent Developments
• Boeing received a contract worth USD 805 million
  from the US Navy for the engineering and
  manufacturing of 4 MQ-25 aerial refueler unmanned
  aircraft.
• AeroVironment, along with 6 other suppliers, was
  awarded a 5-year Indefinite Delivery Indefinite
  Quantity (IDIQ) contract worth USD 248 million by
  the US Army to provide small UAVs and their spare
  parts.
• General Atomics received a contract worth USD
  375.2 million from the US Air Force to provide
  logistics support for its unmanned Predator
  and Reaper aircraft.
• Download PDF Brochure _at_
• https//www.marketsandmarkets.com/pdfdownloadNew.a
  sp?id221577711
• Based on range, the Beyond Line of Sight (BLOS)
  segment is expected to be the largest contributor
  to the military drones market during the forecast
  period.
• Based on range, the military drones market has
  been classified into Visual Line of Sight (VLOS),
  Extended Visual Line of Sight (EVLOS), and Beyond
  Light of Sight (BLOS). The Extended Visual Line
  of Sight (EVLOS) 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 increasing use of EVLOS UAVs in
  intelligence, surveillance, reconnaissance, and
  target acquisition applications. The Beyond Line
  of Sight (BLOS) segment is projected to lead the
  market during the forecast period.

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Based on application, the Intelligence,
Surveillance, Reconnaissance, and Target
Acquisition (ISRT) segment is expected to be
the largest contributor to the military drones
market from 2018 to 2025. Based on application,
the military drones market has been
segmented into intelligence, surveillance,
reconnaissance, and target acquisition,
delivery and transportation, combat operations,
and battle damage management. The delivery and
transportation 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
providing supplies to troops and soldier
deployed in remote areas. Based on propulsion
type, the battery powered segment is expected to
be the largest contributor to the military drones
market during the forecast period. Based on
propulsion type, the military drones market has
been segmented into battery powered, fuel cell,
and hybrid cell. The fuel cell segment is
projected to grow at the highest CAGR during the
forecast period, owing to the increasing demand
for high endurance UAVs by the defense sector for
use in surveillance and reconnaissance
applications. Based on region, the military
drones market has been segmented into North
America, Europe, Asia Pacific, the Middle East,
Latin America, and Africa. The North American
region is estimated to be the largest market for
military drones in 2018. The increasing use of
military drones for border and maritime
surveillance activities in countries such as the
US and Canada is driving the growth of the
military drones market in the North American
region. 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.marketsandmarkets.com/requestsampleN
ew.asp?id221577711
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