Military Drone Market to Grow by USD 8.51 Billion (2024-2028), Advancements in Drone Technology Driving Revenue, Report on AI-Powered Market Evolution – Technavio

NEW YORK, Nov. 26, 2024 /PRNewswire/ — Report on how AI is driving market transformation – The global military drone market size is estimated to grow by USD 8.51 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 12.21% during the forecast period. Recent developments in military drones is driving market growth, with a trend towards development of long-range spy combat drone. However, rapid development of anti-drone technology poses a challenge. Key market players include AeroVironment Inc., Airbus SE, Anduril Industries Inc., Animal Dynamics Ltd., Asteria Aerospace Ltd., BAE Systems Plc, EDGE Group PJSC, Elbit Systems Ltd., General Atomics, Israel Aerospace Industries Ltd., Leonardo Spa, Lockheed Martin Corp., Northrop Grumman Corp., Rafael Advanced Defense Systems Ltd., RTX Corp., Red Cat Holdings Inc., Saab AB, Shield AI, Teledyne Technologies Inc., Textron Inc., Thales Group, and The Boeing Co..

AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View Free Sample Report PDF

Key Market Trends Fueling Growth

Military drones have become an essential tool for battlefield surveillance and reconnaissance in the modern defense landscape. Companies like Textron Systems and Elbit Systems lead the market with offerings such as the MQ-1 Predator. The trend towards drone pilots operating these UAVs from a distance continues, with an increasing focus on endurance and safety. Non-traditional adversaries and asymmetric warfare have driven innovation in drone technology, leading to hybrid military drones and advanced sensor systems. Domestic manufacturers prioritize safety and security, as hacking attempts have become a concern. The fixed-wing segment dominates military drone spending, with defense budgets allocating significant resources for UAVs in the air, land, and naval domains. Unmanned Aerial Vehicles (UAVs) are used for various applications, including surveying, mapping, transportation, and combat operations. Militaries worldwide invest in drone technology for monitoring targets and enhancing defense capabilities. Companies like Alpha Design focus on specific applications, such as border disputes. The future of military drones includes Artificial Intelligence, air-to-air missiles, and weapon payloads, making them indispensable tools for defense forces. 

Military drones, also known as Unmanned Aerial Vehicles (UAVs), are becoming essential tools in national security for countermeasure operations. These unmanned aerial platforms are integrated with advanced command, control, communications, computers, intelligence, surveillance, and reconnaissance systems due to rapid technological advancements in military electronics. UAVs can be armed with bombs, rockets, and precision-guided projectiles, making them valuable assets for military missions. China is at the forefront of UAV development, investing heavily in research and development to create drones for various military applications, including surveillance of enemy platforms and bases, due to territorial disputes with neighboring countries. 

Insights on how AI is driving innovation, efficiency, and market growth- Request Sample!

Market Challenges

• Military drones have become an essential tool for battlefield surveillance, reconnaissance, and monitoring in various domains. However, the market faces challenges such as the need for skilled drone pilots, ensuring safety and security against hacking attempts, and adapting to non-traditional adversaries and asymmetric warfare. Domestic manufacturers like Textron Systems and Elbit Systems compete with international players like General Atomics in the military drone market. The fixed-wing segment, including MQ-1 Predator, leads in endurance and surveillance, while rotary wing drones offer flexibility. Defense budgets and military spending influence market growth. Innovation in drone technology includes Artificial Intelligence, sensor systems, and weapon payloads. Companies like Alpha Design focus on border disputes and transportation applications. The market includes UAVs for surveying, mapping, and combat operations in the air, land, and naval domains. Militaries worldwide invest in military UAVs for defense expenditure and avionics, airframe, and propulsion upgrades.
• Countries worldwide are investing in anti-drone defense systems to counteract the growing use of military drones. Boeing’s recent test of a 10 kW anti-drone laser cannon is an example of this trend. The company aims to increase the laser’s power to 60 kW for military applications. Modern lasers and lithium-ion battery technology are key innovations, enabling increased energy storage and power density. Lithium-powered lasers can neutralize small drones and issue non-lethal warnings, making them valuable additions to defense systems.

Insights into how AI is reshaping industries and driving growth- Download a Sample Report

Segment Overview

This military drone market report extensively covers market segmentation by

1. Type 
• 1.1 Rotary Blade
• 1.2 Fixed Wing
• 1.3 Hybrid
2. Technology 
• 2.1 Remotely operated
• 2.2 Semi-autonomous
• 2.3 Autonomous
3. Geography 
• 3.1 North America
• 3.2 APAC
• 3.3 Europe
• 3.4 Middle East and Africa
• 3.5 South America

1.1 Rotary Blade- Rotary blades are a fundamental component in military drones, enabling them to take off, hover, and adjust altitude. This technology enhances the drone’s maneuverability, allowing it to change direction and operate effectively in confined spaces. Rotary blades are crucial for military applications, where drones perform various tasks, including reconnaissance, surveillance, and combat. They increase the payload capacity, enabling drones to carry heavier equipment such as cameras, weapons, and sensors. Rotary blade drones offer versatility and adaptability, functioning in diverse terrains, including urban areas, hills, and mountains. Their unique design, using composite materials like carbon fiber, ensures strength and durability. The reduced noise from rotary blades enhances stealth capabilities, allowing covert operations. Operating drones remotely eliminates risks to personnel, making rotary blade technology a significant growth driver in the military drone market.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 – 2022) 

Research Analysis

Military drones have become an integral part of modern warfare, providing battlefield surveillance, reconnaissance, and monitoring capabilities that are crucial for asymmetric warfare and combat operations. These unmanned aerial vehicles (UAVs) offer significant advantages, including extended endurance, high-altitude surveillance, and the ability to operate in dangerous or hard-to-reach areas. Military drones are used for various applications, including surveillance, mapping, and transportation. State policies have played a significant role in the growth of the military drone market, with increasing defense expenditure driving demand. However, concerns over hacking attempts and the potential use of drones for unintended purposes have raised ethical and security issues. Artificial Intelligence (AI) is also being integrated into military drones to enhance their capabilities and improve their effectiveness. Companies like Textron Systems and Elbit Systems are at the forefront of developing advanced military drones, with the MQ-1 Predator being a notable example. Other players in the market include Syscom, offering drone solutions for surveying and mapping. Military UAVs are transforming the way wars are fought and won, and their role is set to expand in the future.

Market Research Overview

Military drones have become an integral part of modern warfare and surveillance, providing valuable insights for battlefield surveillance, reconnaissance, and monitoring in various domains – air, land, and naval. These Unmanned Aerial Vehicles (UAVs) offer endurance, flexibility, and safety, making them essential tools for state policies against non-traditional adversaries and asymmetric warfare. The military drone market is witnessing innovation with the development of hybrid military drones, combining fixed-wing, hybrid wing, and rotary wing designs. Domestic manufacturers like Alpha Design are making strides in this field, offering advanced drone technology with superior sensor systems and avionics. Military drones are used for various applications, including surveying, mapping, transportation, and combat operations. Defense budgets continue to prioritize drone technology, with armed forces investing heavily in this sector. However, concerns over safety and security, including hacking attempts, remain a challenge. The fixed-wing segment dominates the military drone market, with companies like Textron Systems and Elbit Systems leading the way. Militaries worldwide are also investing in UAVs equipped with air-to-air missiles and weapon payloads for enhanced capabilities. Military spending on drone technology continues to grow, driven by the need for advanced sensor systems, Artificial Intelligence, and autonomous capabilities. As military UAVs become more sophisticated, they are expected to play a significant role in defense expenditure and defense forces’ operational capabilities.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

• Type

• Rotary Blade
• Fixed Wing
• Hybrid

• Remotely Operated
• Semi-autonomous
• Autonomous

• North America
• APAC
• Europe
• Middle East And Africa
• South America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio