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Military Drones Market Growth, Future Prospects & Competitive Analysis, 2016 - 2023

Overview:

Drones, also referred to as unmanned aerial vehicle (UAV), are aircraft systems that are capable of operating without any human pilot aboard. Any aerial vehicle, without human pilot aboard, that is operated through remote control/station is referred to as drone. Drones are available in various sizes and configurations and hence can be used across an array of applications in the defense sector. These are capable of hovering over a given region covering larger surface area, making them preferred over other platforms. Drones can be categorized based on their operating altitude/class. Drones are capable of flying at altitudes ranging from a few hundred meters to over 30,000 feet from the surface of the Earth. Another major type of drone (high altitude long endurance) is designed to operate at altitudes ranging above 50,000 feet from the Earth’s surface.

Military drones can be referred to UAVs used and designed specifically for defense applications. Typical applications of military drones include surveillance, communication relay, synthetic aperture radar, electronic intelligence, electronic warfare, weapons and others. This makes drones highly useful for the defense sector. The military drones market is highly driven by the rising expenditure over defense sector across the world. Major spending countries over military drones include the U.S., China and Israel. Due to anticipated increase in expenditure in the coming years, the demand for military purpose drones is estimated to remain strong worldwide. Nevertheless, major factor hampering the market is high initial costs, especially in the case of strategic (medium and high altitude) drones.

The global military drones market is segmented on the following bases:

1.   Type

a.    Small (Upto 5,000 feet)

b.    Tactical (5,000 feet to 18,000 feet)

c.    Medium Altitude Long Endurance (18,000 feet to 30,000 feet)

d.   Strategic (High Altitude) (Above 45,000 feet)

2.   Payload

a.    Surveillance Radar

b.    Electro-optics

c.    Electronic Intelligence

d.   Communication Relays

e.    Navigation Systems

f.     Synthetic Aperture Radars (SAR)

g.   Weapons

h.   Others

3.   Subsystem

i.     Ground Control System

j.     Data Links

k.    Software

l.     Flight Training and Simulation

4.   Geography

a.    North America

                i.      U.S.

                ii.      Canada

b.    Europe

                i.      U.K.

                ii.      Germany

                iii.      CIS Countries

                iv.      Rest of Europe

c.    Asia-Pacific

                i.      Japan

                ii.      China

                iii.      South Asia

                iv.      Australasia

                v.      Rest of Asia Pacific

d.   Middle East & Africa

                i.      GCC Countries

                ii.      North Africa

                iii.      South Africa

                iv.      Rest of MEA

e.    Latin America

                i.      Brazil

                ii.      Mexico

                iii.      Rest of Latin America

Key Players Identified for Military Drones Market Include but are Not Limited to:

Northrop Grumman Corporation, Lockheed Martin Corporation, General Atomics Aeronautical Systems, Inc., Boeing Company, Safran SA, Israel Aerospace Industries Ltd., AeroVironment, Inc., Thales Group, BAE Systems Plc., Airbus Defence and Space and others

This report offers:

  • An overview of the global markets for military drones
  • Market trends assessment for the period 2013 - 2023, with historical information for 2013 to 2015, and projections through 2023, with respective CAGR during 2016 - 2023
  • Qualitative assessment tools such as market drivers, challenges and future prospects in the market
  • Market competition scrutiny tools such as market positioning analysis
  • A general overview of the industry structure
  • Company profiles highlighting key information about the major players operating in the military drones market
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