New York, Sept. 23, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Military Drone Market by Platform, Type, Application, Mtow, Propulsion, Operation Mode, Speed, Launching Mode & Region – Global Forecast to 2027” – https://www.reportlinker.com/p05609423/?utm_source=GNW
The success of any air, navel, or military operation hugely depends on the ISR capabilities. So, there are regular developments and advancements in the ISR field. For instance, the Fifth Generation C4ISR is a joint battle management system that can gather data, understand it, and communicate freely with all its components. C4ISR powered by AI uses machine learning to identify and classify tanks and other vehicles, improve the image feeds, and also provide driving assistance by giving early warning on obstacles and changing ground conditions. Governments are also rapidly adopting these technologies to improve their defense arsenal.
Based on launching mode, the catapult launcher segment is projected to grow at highest CAGR during the forecast period.
Based on launching mode, the military drone market has been segmented into Vertical Take-off, Automatic Take-off and Landing, Catapult Launcher, and Hand Launched logistics and transportation. Among these, the catapult launcher segment is projected to grow at highest CAGR during the forecast period. This type of launching mode is ideal for a setup on a carrier ship where the space is limited. Usually, drones having MTOW < 150-kilogram capacity use this launching mode. Companies such as Elbit Systems (US), Lockheed Martin (US), Israel Aerospace Industries (Israel), Textron Systems (US), and Thales (France) manufacture drones that use the catapult launching mode for various military applications. BirdEye 650D, Scout, Orbiter family, Ranger, Stalker XE UAS, Silver Fox, and Aerosonde are some of the drones in this category.
Based on platform, the tactical segment witness strong growth in market during the forecast period
Based on platform,the military drone market has been segmented intosmall, tactical, and strategic drones.The tactical segment witness strong growth in market during the forecast period. Tactical drones fly at altitudes ranging between 3,000 meters and 8,000 meters and are mainly used in military applications. They fill the gap between small drones and strategic drones by combining the flexibility of small platforms with high-end platforms. The increasing demand for tactical drones that can be hand-launched and have an endurance of about 2 hours with suitable payload capacities to provide the required surveillance information has led to the growth of the tactical drone segment of the military drone market for defense & government applications globally. Some examples of tactical drones are Sperwer Mk II by Safran Electronics and Defense (France) and Thunder B UAV by Blue Bird Aero Systems (Israel).
The Asia Pacific regions are projected to be high growth potential markets for the military drone during the forecast period.
The military drone market in the Asia Pacific region is anticipated to witness strong growth during the forecast period. China is one of the prime manufacturers and buyers of military drones, globally. There are more than 500 drone manufacturers across the globe, of which 400 are based in China. Various drones that appear similar to the Global Hawk and Reaper models used by the US Air Force have been developed in China. The Chinese military is focusing on the development of advanced weaponry to ensure the security of its borders. The country’s navy also uses drones for its blue-water operations. In addition, China has secured the second position in the list of top 10 countries with the highest defense budgets. In 2021, the country invested USD 293.0 billion in the defense sector. China mainly focuses on the procurement of tactical drones, owing to their increased applications in civilian as well as defense sectors. Manufacturers of UAVs in China have witnessed an increased demand for drones from various countries in Asia Pacific, Africa, and the Middle East.
The break-up of the profiles of primary participants in themilitary drone marketisas follows:
• By Company Type: Tier 1–35%; Tier 2–45%; and Tier 3–20%
• By Designation: CLevel Executives–35%; Directors–25%; and Others–40%
• By Region: North America–50.4%; Europe–17.9%; AsiaPacific–23.2%; Middle East–7.9%; Latin America–0.4%; and Africa–0.2%
Major players in the military drone market areNorthrop Grumman Corporation (US), Raytheon Technologies Corporation (US), Israel Aerospace IndustriesLtd. (Israel), General Atomics Aeronautical Systems (GA-ASI) (US), and Teledyne FLIR LLC (US). These companies have strong distribution networks in the logistics business across North America, Europe, Asia Pacific and other regions in turn driving the demand for last mile deliveries and drone package deliveries.
This research report categorizes the military drone market on the basis of solution (system, software, and infrastructure), platform (freight drone, passenger drone, and air ambulance drone), application (logistics, and transportation), range (close range (< 50 Kilometer), (short range (50-150 kilometers), mid-range (150-650 kilometers), long range (>650 Kilometer)), user (defense and commercial). , North America, Europe, Asia Pacific, Middle East, Latin America, and Africa.
The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the military drone market.A detailed analysis of the key industry players has been done to provide insights into their business overviews; solutions and services; key strategies; contracts, joint ventures, partnerships & agreements, acquisitions, and new product launches associated with the military drone market.
Competitive analysis of upcoming startups in the military drone market ecosystem is covered in this report.
Reasons to Buy this Report
This report is expected to help market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall Military drone market and its segments.This study is also expected to provide regionwise information about the end-use industrial sectors, wherein Military droneis used.
This report aims at helping the stakeholders understand the competitive landscape of the market, gain insights to improve the position of their businesses, and plan suitable go-to-market strategies. This report is also expected to help them understand the pulse of the market and provide them with information on key drivers, restraints, challenges, and opportunities influencing the growth of the market.
The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on military drone offered by the top players in the market
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the military drone market
• Market Development: Comprehensive information about lucrative markets – the report analyzes the military drone market across varied regions
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the military drone market
• Competitive Assessment: In-depth assessment of market shares, growth strategies, products, and manufacturing capabilities of leading players in the military drone market
Read the full report: https://www.reportlinker.com/p05609423/?utm_source=GNW
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