Military Drone Industry Set to Reach $17.0 billion by 2027

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RESOURCE CENTER ABOUT MNM HOME (/) PRESS
RELEASES (/PRESS-RELEASE-2.HTML) Military Drone
Industry worth 17.0 billion by 2027 GLOBAL TOP
2000 STRATEGIST RELY ON US FOR THEIR GROWTH
STRATEGIES. KNMOWilMitOaRrEy D(/KrnoowleedgIenstdo
reu.asspt)ry worth 17.0 billion by 2027 VIEW
FULL TABLE OF CONTENTS (HTTPS//WWW.MARKETSANDMARK
ETS.COM/MARKET-REPORTS/MILITARY-
DRONE-MARKET-221577711.HTML) METHODOLOGY
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PDF (/PDFDOWNLOADNEW.ASP?ID221577711) The
report "Military Drone Market (https//www.markets
andmarkets.com/Market-Reports/military-drone-
market-221577711.html) by Platform, Type (Fixed
Wing, Rotary Wing, And Hybrid), Application,
Mtow, Propulsion (Turbo Engine, Piston Engine
and Battery), Operation Mode, Speed, Launching
Mode Region - Global Forecast to 2027" The
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. The
growth of the market across the globe can be
attributed to surging investment in development
and procurement of modern military solution to
enhance defense forces capabilities. Moreover,
the increasing incidences of piracy and island
grabbing in Central Asia, South America, East
Africa, the Indian subcontinent, Southeast Asia,
and West Africa have led to increased maritime
patrolling and anti-piracy operations in these
regions. This, in turn, has led to the increased
use of UAVs to carry out 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. Browse 302 market data
Tables and 69 Figures spread through 271 Pages
and in-depth TOC on "Military Drone Market by
Platform, Type (Fixed Wing, Rotary Wing, And
Hybrid), Application, Mtow, Propulsion (Turbo
Engine, Piston Engine and Battery), Operation
Mode, Speed, Launching Mode Region - Global
Forecast to 2027" View detailed Table of Content
here - https//www.marketsandmarkets.com/Market-Re
ports/military-drone- market-221577711.html
(https//www.marketsandmarkets.com/Market-Reports/
military-drone-market- 221577711.html) Based on
propulsion, the battery segment is anticipated to
record the highest growth rate during the
forecast period. Based on propulsion, the
military drone market has been classified into
engine, piston engine, and battery. The battery
segment includes military drones which are
operated on lithium-ion batteries, fuel cells,
and hybrid cells. The battery segment is
anticipated to record the highest growth rate
during the forecast period, with many short-
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(hrttapsng//wewawn.mdarmkeetsdainudmma-rrkaentsg.
ceomd/rPorinvaecsy-1a2d.hotmptl)i.ng batteries
besides the small drones. Battery or
electrically-powered
2
es to store energy and power electric motors.
These drones are easy to operate and ared to
turbo engine drones. However, lithium-ion
batteries used in military drones need harge is
depleted the process of recharging consumes a
substantial amount of time. In (c/o) ntrast,
fuel-powered military drones can be refueled at a
quick pace. Hydrogen-powered military drones
offer the benefit of electric propulsion,
thereby enabling military drones to fly for long
durations.
military drones use batteri emit lesser noise as
comp to be recharged once the c
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Based on speed, the subsonic segment is estimated
to register large share in the base year.
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Based on speed, military drone market has been
segmented into subsonic and supersonic. The
subsonic segment has been further divided into
lt100 Km/hr, 100300 Km/hr, and gt300 Km/hr. 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 100300 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. The Asia Pacific region is
projected to be high growth potential markets for
the military drone during the forecast
period. Asia Pacific is known as a global leader
in technology and innovation. It 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.
India imports a significant amount of military
solutions from North America and Europe.
Besides, China is a technologically advanced
country with one of the biggest technology
manufacturing industries. The country is known
worldwide for its speed and efficiency, which are
the major focal points for drone manufacturers.
Some well-known military drone, payload, and
drone component manufacturing companies in China
are Autel Robotics, China Academy of Aerospace
Aerodynamics, Chengdu Rainpoo Technology Co.,
Ltd. Sichuan, Aviation Industry Corporation of
China (AVIC), and China Aerospace Science and
Technology Corporation. There are different
research teams in China working on launching
military drones. New technologies create new
products and new processes. Apart from improving
quality, technological advancements can also
help reduce costs. Advancements in technology and
increasing adoption of technologies to improve
defense operations will result in the growth of
the military drone market. The Major Players
includes Northrop Grumman Corporation (US),
Raytheon Technologies Corporation (US), Israel
Aerospace Industries Ltd. (Israel), General
Atomics Aeronautical Systems (GA-ASI) (US), and
Teledyne FLIR LLC (US). Dont miss out on
business opportunities in Military Drone Market.
Speak to our analyst and gain crucial industry
insighs that will help your businessgrow.
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