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Drone Warfare Market Share

Report ID: GMI10362
Published Date: Jul 2024
Report Format: PDF

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Drone Warfare Market Share

Northrop Grumman Corporation and Raytheon Technologies hold a significant share in the market. Northrop Grumman is a prominent American aerospace and defense technology company, known for its significant role in the development and production of advanced military drones. The MQ-8 Fire Scout is a multipurpose unmanned aerial vehicle (UAV) used for targeting and reconnaissance tasks, and the MQ-4C Triton is an unmanned aircraft used for maritime surveillance. Northrop Grumman's leadership in unmanned aerial systems within the defense industry is further cemented by its proficiency in autonomous systems, sensor integration, and mission management capabilities.

Raytheon Technologies is a major aerospace and defense company that plays a key role in the drone warfare industry through its advanced technologies and systems integration expertise. The corporation creates and maintains a variety of unmanned aerial vehicles (UAVs) for missions including precision strikes, surveillance, and reconnaissance. The TALON line of tiny, tactical unmanned aerial vehicles and the Coyote UAV for ISR (Intelligence, Surveillance, Reconnaissance) operations are among Raytheon's products. These systems are essential to military operations because they offer vital capabilities for obtaining intelligence and operational adaptability in a variety of global defense contexts.

Drone Warfare Market Companies

Major players operating in the drone warfare industry are:

Northrop Grumman Corporation
Raytheon Technologies
Israel Aerospace Industries
General Atomics Aeronautical Systems
Teledyne FLIR
AeroVironment, Inc.
Boeing

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The market size for drone Warfare was valued at USD 24.15 billion in 2023 and is anticipated to record a CAGR of over 10% between 2024 and 2032, due to technological advancements that enhance the capabilities and functions of unmanned aerial systems (UAS).

The battery-powered drones segment is expected to reach over 25 billion by 2032 as drone capabilities are greatly expanded by advances in battery technology, enabling longer flight durations, larger payload capacity, and more operational efficiency.

North America market accounted for a share of over 34% in 2023, led by the United States and will continue to grow as drones are widely used by U.S. military forces in numerous areas of war throughout the world for reconnaissance, intelligence gathering, and precision strikes

Northrop Grumman Corporation, Raytheon Technologies, Israel Aerospace Industries, General Atomics Aeronautical Systems, Teledyne FLIR, AeroVironment, Inc., and Boeing among others.