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Military Drone Market Size
- Report ID: GMI2484
- Published Date: Apr 2018
- Report Format: PDF
Military Drone Market Size
Military Drone Market size estimated at USD 5 billion in 2016 with a fleet size of over 13 thousand units and is anticipated to grow at around 12% CAGR from 2017 to 2024.
The demand for the military drone market is expected to accelerate over the forecast timeline due to the rising need for drone technology for surveillance and reconnaissance activities. The growing number of internal and external threats has compelled the government to use aerial imaging platforms to tackle challenging situations and promote public safety. Government agencies worldwide are supporting various drone manufacturers that develop high-tech drones to boost public safety. For instance, in December 2017, the French Defense Agency financed Elistair’s Airwatch project, a small dronebox for aerial surveillance. The system offers aerial surveillance support for crisis management, firefighting, law enforcement, and perimeter security. Rapid advancements in drone technology to facilitate high-level ISR and combat capabilities will also spur market growth.
| Report Attribute | Details |
|---|---|
| Base Year: | 2016 |
| Military Drone Market Size in 2016: | 5 Billion (USD) |
| Forecast Period: | 2017 to 2024 |
| Forecast Period 2017 to 2024 CAGR: | 12% |
| 2024 Value Projection: | 13 Billion (USD) |
| Historical Data for: | 2013 to 2016 |
| No. of Pages: | 350 |
| Tables, Charts & Figures: | 467 |
| Segments covered: | Product, Technology, Range, Maximum Take-Off Weight, Application, and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Military Drone Market Scope
