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Military Drone Market Share

Report ID: GMI2484
Published Date: Oct 2024
Report Format: PDF

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Military Drone Market Share

The military drone industry is a hotbed of fierce competition, driven by rapid technological advancements, innovative product offerings, and strategic pricing. Industry giants like Northrop Grumman, Raytheon Technologies, and General Atomics Aeronautical Systems are constantly pushing the boundaries of drone technology. These companies are investing heavily in artificial intelligence integration, autonomous flight capabilities, and state-of-the-art sensor systems to stay ahead of the curve.

Strategic partnerships and distribution networks play a crucial role in shaping the competitive landscape. Established players like Boeing and Lockheed Martin leverage their long-standing relationships with military organizations to secure lucrative contracts and maintain their market dominance. These connections often prove invaluable in an industry where trust and reliability are paramount.

Military Drone Market Companies

Major players operating in the military drone industry are:

AeroVironment, Inc.
Airbus
BAE Systems
Boeing
Dassault Aviation
Elbit Systems Ltd.
General Atomics Aeronautical Systems
Israel Aerospace Industries Ltd.
Leonardo S.p.A.
Lockheed Martin Corporation
Northrop Grumman Corporation
Raytheon Technologies Corporation
Robotican Corporation
Shield AI
Sierra Nevada Corporation
Teledyne FLIR LLC
Textron Systems
Thales Group

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The global market size for military drone was valued at USD 14.6 billion in 2023 and is estimated to grow at a CAGR of over 13% from 2024 to 2032, driven by rising global defense budgets.

Brushed drone motors are the fastest-growing segment with a CAGR of over 14% in 2023, owing to their simplicity and affordability, making them popular in entry-level and hobbyist drones.

The U.S. market was valued at USD 4.5 billion in 2023, driven by substantial investments in defense, commercial applications, and technological advancements.

Key players in the industry include AeroVironment, Inc., Airbus, BAE Systems, Boeing, Robotican Corporation, Shield AI, Sierra Nevada Corporation, Teledyne FLIR LLC, Textron Systems, and Thales Group.