This report provides a detailed analysis of the military drones market from 2018 to 2025. It discusses the industry and the technological trends prevailing in the military drones market and examines factors that are expected to drive or challenge the growth of the market in the near future. The military drones market is projected to grow from USD 12.1 billion in 2018 to USD 26.8 billion by 2025, at a CAGR of 12.00% from 2018 to 2025. The increasing use of UAVs in military applications is projected to drive the growth of the market across the globe.
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The military drones market has been segmented based on type, application, endurance, launching mode, range, propulsion type, Maximum Takeoff Weight (MTOW), and region. Based on type, the military drones market has been classified into fixed-wing, rotary-wing, and hybrid/transitional. The fixed-wing segment is expected to lead the military drones market during the forecast period. The growth of this segment can be attributed to the increasing use of fixed-wing UAVs in military Intelligence, Surveillance, and Reconnaissance (ISR) applications.
Based on propulsion type, the military drones market has been segmented into battery powered, fuel cell, and hybrid cell. The fuel cell segment is projected to grow at the highest CAGR during the forecast period, owing to the increasing demand for high endurance UAVs by the defense sector for surveillance and reconnaissance applications.
Based on endurance, the 2–6 hours segment of the military drones market is projected to grow at the highest CAGR during the forecast period. This growth can be attributed to the increased use of small UAVs in surveillance and reconnaissance applications.
Based on launching mode, the catapult launcher segment is projected to grow at the highest CAGR during the forecast period, owing to the increasing demand for instant deployable UAVs that require limited space for their launch.
Based on application, the delivery and transportation segment of the military drones market is projected to grow at the highest CAGR during the forecast period. The growth of this segment can be attributed to the increased adoption of UAVs for providing supplies to troops and soldiers deployed in remote areas.
The military drones market in the Asia Pacific region is expected to grow at the highest CAGR during the forecast period. This growth is primarily driven by the increasing demand for UAVs from emerging economies such as China and India. China is estimated to lead the Asia Pacific military drones market in 2018. In 2017, China Aerospace Science and Technology Corporation (CASC) (China) started the mass production of a UAV known as CH-5, which successfully underwent its first flight test in August 2015. The military drones market in India is also witnessing significant growth due to the adoption of drones in the country for military applications.
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