Military Drone Market: Global Growth Forecast 2022-2027 - PowerPoint PPT Presentation

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Military Drone Market: Global Growth Forecast 2022-2027

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This post discusses the global military drone market, projected to grow from USD 12.0 billion in 2022 to USD 17.0 billion by 2027, at a CAGR of 7.3%. – PowerPoint PPT presentation

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Title: Military Drone Market: Global Growth Forecast 2022-2027


1
Military Drone Market Poised to Grow as
Investment in Modern Military Solutions Rises
The Global Military Drone Market is projected to
grow from USD 12.0 billion in 2022 to USD 17.0
billion by 2027, at a CAGR of 7.3 from 2022 to
2027, according to a new report from
MarketsandMarkets. The growth of the market can
be attributed to the increasing investment in
the development and procurement of modern
military solutions to enhance defense forces
capabilities. 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 _at_ https//www.market
sandmarkets.com/pdfdownloadNew.asp?id221577711 Th
e 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 lt100 km/hr segment. Moreover, drones with a
subsonic speed ranging from 100 300 km/hr are
generally medium endurance, low to medium range
drones such as close range, short range, medium
range, and tactical drones. The increasing use of
tactical drones for ISR applications is set to
boost the growth of the 100300 km/hr segment.
Furthermore, drones with a more than 300 km/hr
subsonic speed are high endurance, medium to
long range, high-speed drones. The growing demand
for armed drones such as lethal drones and
target drones is set to boost the growth of the
gt300 km/hr segment.
2
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
_at_ https//www.marketsandmarkets.com/requestsampleN
ew.asp?id221577711 About MarketsandMarkets Mar
ketsandMarkets 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. Contact Mr.
Aashish Mehra MarketsandMarkets INC. 630
Dundee Road Suite 430 Northbrook, IL 60062 USA
1-888-600-6441
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