Dec 16, 2022 SOURCE: BusinessWire

Global Military Drones Strategic Report 2022 Featuring Thales, Northrop Grumman, Lockheed Martin, Israel Aerospace, BAE, AeroVironment, Among Other - ResearchAndMarkets.com

The "Military Drones: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Military Drones Market to Reach $37.6 Billion by 2027

The global market for Military Drones, estimated at US$17.8 Billion in the year 2020, is projected to reach a revised size of US$37.6 Billion by 2027, growing at a CAGR of 11.3% over the analysis period 2020-2027.

Fixed-Wing, one of the segments analyzed in the report, is projected to record a 10.6% CAGR and reach US$14.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Rotary-Wing segment is readjusted to a revised 12.5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $4.8 Billion, While China is Forecast to Grow at 15% CAGR

The Military Drones market in the U.S. is estimated at US$4.8 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$8 Billion by the year 2027, trailing a CAGR of 15.1% over the analysis period 2020 to 2027.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.7% and 9.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 8.7% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$5.5 Billion by the year 2027.

Hybrid / Transitional Segment to Record 11% CAGR

In the global Hybrid / Transitional segment, USA, Canada, Japan, China and Europe will drive the 11% CAGR estimated for this segment.

These regional markets accounting for a combined market size of US$3.7 Billion in the year 2020 will reach a projected size of US$7.4 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 12.5% CAGR through the analysis period.

What's New?

Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and Research Platform
Complimentary updates for one year

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Influencer Market Insights
World Market Trajectories
Impact of Covid-19 and a Looming Global Recession
Military Drones - Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS (Total 33 Featured)