Military Drone Market Size Worth $23.15 Billion By 2032 | CAGR: 6.7%

The global military drone market size is expected to reach USD 23.15 billion by 2032, according to a new study by Polaris Market Research. The report “Military Drone Market Share, Size, Trends, Industry Analysis Report, By Product Type (Hybrid, Rotary Wing, Fixed Wing); By Technology; By System; By Range; By Application; By Region; Segment Forecast, 2024- 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

In recent years, the military drone market has experienced a significant surge in the use of swarm drones and autonomous. Autonomous drones can carry out complex missions without human intervention, while swarm drones operate collectively, coordinating their actions to achieve common objectives. This trend is creating new opportunities for manufacturers and suppliers in the military drone sector. An especially noteworthy opportunity resulting from the increased adoption of autonomous and swarm drones is in the domain of surveillance, intelligence, reconnaissance (ISR). Another promising area is logistics and supply chain management, where autonomous drones can facilitate the delivery of supplies to troops in the field, and swarm drones can collaborate to transport larger payloads over extended distances.

Furthermore, Utilizing AI and ML algorithms enables the analysis of extensive data collected by drones, identifying patterns and anomalies that hold significance for military planners. For instance, AI and ML can be employed to offer real-time situational awareness to military personnel, recognize and monitor enemy movements, identify potential threats. The military drone market is progressively integrating Artificial Intelligence (AI) and Machine Learning (ML) technologies to augment the capabilities of Unmanned Aerial Vehicles (UAVs). This trajectory is opening up new opportunities for manufacturers and suppliers in the military drone sector. Additionally, AI and ML can enhance drone capabilities across various other military applications, including both offensive and defensive operations, target acquisition, electronic warfare.

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The demand for drone-powered logistics and transportation is on the rise in the military drones market. This emerging trend is opening up new opportunities for manufacturers and suppliers within the military drone sector. A significant opportunity arising from the escalating demand for drone-based logistics and transportation is evident in supply chain management. Drones can effectively deliver supplies and equipment to troops deployed in remote or hostile environments, easing the logistical challenges faced by military personnel and augmenting the speed and efficiency of military operations. Another promising avenue in the realm of drone-based logistics and transportation is medical evacuation (medevac). Drones can play a vital role in transporting injured or wounded soldiers from the battlefield to medical facilities, reducing both time and the risks associated with conventional evacuation methods.

Military Drone Market Report Highlights

• In 2023, the fixed-wing segment dominated the military drone market, and this trend is anticipated to continue throughout the entire forecast period. Military authorities across the globe effectively utilize fixed-wing drones in the defense sector, contributing to the expected growth of this segment in the forecasted period.
• The remotely operated segment is expected to retain a significant share in the military drone market throughout the forecast period. Many contracted Unmanned Aircraft Vehicles (UAVs) operate remotely globally, meeting strict government requirements for prolonged autonomous flight. This technology is integrated into UAVs for purposes such as radio communications, Command & Control (C&C), and telemetry systems.
• In 2023, North America emerged as the dominant region in the global market, securing the largest market share. This considerable market share is chiefly held by various Original Equipment Manufacturers (OEMs) in the U.S., such as General Atomics Aeronautical Systems, Inc., Northrop Grumman Corporation, and others. Advancements in drone technology have spurred significant developments within the U.S. military, and heightened investments by key regional players have propelled the growth of the military drone market.
• The global key market players include AeroVironment, Inc., BAE Systems, Boeing, Elbit Systems Ltd (Israel), General Atomics Aeronautical Systems, Inc., Israel Aerospace Industries Ltd., Lockheed Martin Corporation, Northrop Grumman Corporation, SAAB Group, Textron Systems, and Thales Group.

Polaris Market Research has segmented the Military Drone market report based on technology, product type, system, range, application, and region:

Military Drone, Technology Outlook (Revenue - USD Billion, 2019 - 2032)

• Semi-Autonomous Drones
• Remotely Operated Drones
• Autonomous Drones

Military Drone, Product Type Outlook (Revenue - USD Billion, 2019 - 2032)

• Hybrid
• Rotary Wing
• Fixed Wing

Military Drone, System Outlook (Revenue - USD Billion, 2019 - 2032)

• Avionics
• Software
• Airframe
• Propulsion
  • Turboprop Engine
  • Electric Propulsion Engine
  • Turboshaft Engine
• Payload
  • Radar
  • EOIR Payload
  • LiDAR
  • CBRN Sensors
  • Cameras
  • Others

Military Drone, Range Outlook (Revenue - USD Billion, 2019 - 2032)

• Extended Visual Line of Sight (EVLOS)
• Beyond Line Of Sight (BLOS)
• Visual Line of Sight (VLOS)

Military Drone, Application Outlook (Revenue - USD Billion, 2019 - 2032)

• Battle Damage Management
• Logistics & Transportation
• Intelligence, Surveillance, Reconnaissance, and Targeting (ISRT)
• Combat Operations

Military Drone, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil
• Mexico

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa

Military Drone Market Report Scope