This market research report provides a comprehensive analysis of the global defense drones market by product type (large and small defense drones). It outlines the market shares for key regions such as the Americas, APAC, and EMEA. The key vendors analyzed in this report are Israel Aerospace Industries, General Atomics Aeronautical Systems, Boeing, and Lockheed Martin.
Technavio’s market research analysts estimate the global defense drones market to grow at a CAGR of around 6% between 2016 and 2020. Rise in competition among nations worldwide to possess modern and advanced weapons and defense technologies is fuelling the demand for defense drones. These drones are an essential tool for modern defense forces because of their endurance and versatility, which makes them suitable for intelligence gathering and support roles for military operations. The Americas dominate the global market for defense drones, accounting for 60% of the overall market share. The increasing deployment of unmanned vehicles in countries such as the US, Brazil, and Latin Americas is driving the growth of the market in this region. For instance, by 2035, the US air force plans to develop and add close to 5,000 new drones.
The new market research report from Technavio provides a breakdown and analysis of the defense drones segments by technology.
“The surge in demand for micro and nano drones is gaining traction in military operations. Owing to their small size, they are increasingly being used in complicated areas. These drones are engineered with micro-processor and micro-sensor technologies to locate and track hostile targets. Moreover, these drones have found immense usage in surveillance and reconnaissance activities in defense operations due to their lightweight, small and agile flight features,” says Rajkumar P., Industry Manager, Industrial Automation, Technavio Research.
Currently, the large defense drones segment dominates the market, accounting for 76% of the overall market share. Large drones such as MALE and HALE have long non-stop flight duration capabilities and can carry different payloads that vary from thermal cameras, listening antennas, and guidance lasers to various kinds of munitions. This enables large defense drones to perform tasks such as fire support, target designation, targeted strike missions, and intelligence gathering and surveillance.
The key players in the global defense drones market include Israel Aerospace Industries, General Atomics Aeronautical Systems, Boeing, and Lockheed Martin. The market is highly concentrated in countries such as the US and Israel. The vendors in the market compete on the basis of price, quality, innovation, service, reputation, distribution, and promotion.
A more detailed analysis is available in the Technavio report, Global Defense Drones Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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