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Military Drone Market Share

  • Report ID: GMI2484
  • Published Date: Apr 2018
  • Report Format: PDF
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Military Drone Market Share

The companies present in the military drone industry are developing new drones and focusing on strategic partnerships to gain a competitive market share. In September 2017, Lockheed Martin and Elbit Systems entered into a partnership on a Maritime Electronic Warfare Programme (MEWP) for the Royal Navy. The partnership enabled the companies to share their capabilities in marine technology to provide a highly capable solution to address the needs of the UK’s Royal Navy. Some companies are also emphasizing on acquisitions to enhance their existing drone capabilities and meet future challenges in advanced UAV technologies. In January 2015, Raytheon acquired Sensintel to enhance its growth prospects and advanced capabilities in the UAS business.
 

Some of the major vendors present in the market are :

  • Lockheed Martin
  • Boeing
  • BAE Systems, Inc
  • Northrop Grumman
  • Israel Aerospace Industries Ltd
  • Aerovironment, Inc
  • China Aerospace
  • Leonardo
  • General Atomic
  • Textron Systems
Authors: Suraj Gujar, Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of military drone was estimated at USD 5 billion in 2016.

The industry share of military drone is anticipated to grow at around 12% CAGR to 2024.

Asia Pacific will account for more than 15% market share by 2024 owing to their higher adoption in defense applications across China, India, Japan, and Australia, as well as the presence of advanced drone manufacturing companies.

The fixed-wing product segment will exhibit a growth rate of over 5% till 2024 due to advantages like superior aerodynamics, longer flight duration at high speed and the ability to carry heavier payloads across long distances.

The demand for remotely operated technology segment is due to its extensive usage in aviation industry on account of stringent regulations followed by aviation authorities with the protocol of Line of Sight (LOS) employed mandatorily.

Some of the major vendors are Lockheed Martin, Boeing, BAE Systems, Inc., Northrop Grumman, Israel Aerospace Industries Ltd., Aerovironment, Inc., China Aerospace, Leonardo, General Atomic, and Textron Systems.

Military Drone Market Scope

  • Military Drone Market Size
  • Military Drone Market Analysis
  • Military Drone Market Share

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    Premium Report Details

    • Base Year: 2016
    • Companies covered: 20
    • Tables & Figures: 467
    • Countries covered: 18
    • Pages: 350
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