Military Surveillance Drones Market size worth to be USD 4549.4 Million in 2023, at the CAGR of 11.96 %

Market Research Future Publish a New Report on – “Military Surveillance Drones Market Research Report – Global Forecast To 2023”

Exclusive Summery About Report:

The global military surveillance drones market is a very dynamic market and is expected to witness high growth over the forecast period. The growth of military surveillance drones market is influenced by the internal and external security threats, increasing need for border monitoring, and development of next generation drones. However, the growth of this market is expected to be restrained by the issues associated with data processing and low endurance and flight range.

Drones are the next generation of aerial platforms that are being deployed by the defense ministries around the world. The demand for such unmanned systems has been fuelled by their successful deployment, during combat missions, majorly in countries such as Iraq and Afghanistan. In recent years, there has been a rise in the number of global conflicts such as the Russia and Ukraine conflict over Crimea, battle for supremacy in the South China Sea territory between China and South Korea, maritime disputes between Venezuela and Guyana, and the sea border dispute between Colombia and Nicaragua. This creates the need to up-date border surveillance systems and the treatment of operational information concerning threats

However, the growth of this market will be hampered owing to factors such as Issues Associated with Data Processing, prone to Cyber Attacks and Low Endurance and Flight Range.

The global Military surveillance drones market size is projected to grow from USD 2083.0 Million in 2016 to USD 4549.4 Million in the year 2023, at the CAGR of 11.96 %.

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Major Key Players

  • Boeing (U.S.),
  • Airbus Corporation (Netherlands),
  • Lockheed Martin (U.S.),
  • Northrop Grumman Corporation (U.S.),
  • Thales Group (France),
  • Elbit Systems Ltd (Israel),
  • Saab Group (Sweden),
  • Israel Aerospace Industries Ltd. (Israel),
  • AeroVironment, Inc. (U.S.)
  • General Atomics (U.S.).

Market Research Analysis:

Based on type, the micro/Nano is expected to grow at the highest CAGR. The micro/Nano surveillance drones are the smallest of all drones. These drones are very affordable owing to their small size. Micro drones can either be remotely controlled or some possess cameras and can fly autonomously. These small systems allow remote observation of hazardous environments that are inaccessible to the ground vehicles. As a result, these systems witness a high demand from the defense authorities, across the globe.

Based on payload, the Electro-Optic/Infrared Sensor segment will account for the largest market share with 29 % in the global Military surveillance drones market. Electro-optical payloads are the sensors that enable unmanned vehicles to sense and avoid obstacles, detect movement, navigate accurately, find the enemy, and warn of the potential for buried improvised explosive devices.

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Scope of the report

This study provides an overview of the global Military surveillance drones market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Military surveillance drones market by its type, payload and region.

By Type

  • Fixed Wing
  • Micro/ Nano
  • Mini

By Payload

  • Electro-Optic/Infrared Sensor
  • Cameras
  • Electronic Intelligence
  • Maritime Patrol Radar
  • Others

By Region

  • North America
  • Asia Pacific
  • Europe
  • Rest of the World

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