Global Military Drones Market Report 2020-2030 | Covid 19 Growth And Change

 

The Business Research Company’s latest report Military Drones Global Market Report 2020 covers Military Drones market drivers, Military Drones market trends, Military Drones market segments, Military Drones market growth rate, Military Drones market major players, and Military Drones market size. The report provides in-depth analysis of the impact of COVID-19 on the Military Drones industry, along with revised market numbers due to the effects of the coronavirus.

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Military Drones Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.

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The global military drones market is expected decline from $13.55 billion in 2019 and to $11.83 billion in 2020 at a compound annual growth rate (CAGR) of -12.70%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and reach $20.16 billion in 2023 at CAGR of 19.45%.

The report covers the Military Drones market’s segments-

1) By Drone Type: MALE, HALE, TUAV, UCAV, SUAV.

2) By Type: Fixed-Wing, Rotary Wing, Hybrid.

3) By Technology: Remotely Operated, Semi-Autonomous, Autonomous.

4) By Application: Search and Rescue, National Defense, Military Exercises, Others.

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Global Military Drones Market Report 2020-2030 | Covid 19 Growth And Change

The Business Research Company published its Military Drones Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global military drones market. The report covers the military drones market’s segments- by drone type: MALE; HALE; TUAV; UCAV; SUAV, by type: fixed-wing; rotary wing; hybrid, by technology: remotely operated; semi-autonomous; autonomous, and by application: search and rescue; national defense; military exercises; others.

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Military Drones Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market’s historic and forecast growth. It covers all the regions, key developed countries and major emerging markets. It draws comparisons with country populations and economies to understand the importance of the market by country and how this is changing. The major regions included in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Drone swarm technology is growing popularity in the military drones market due to its cost efficiency and high fire-power. Drone swarms are a large group of small drones that coordinate with each other to perform actions such as a survey of enemy territories, search and rescue, and attacks on hostile objects. Drone swarm technology involves the production of several small cheap drones rather than one large expensive drone, therefore offering military drone manufacturers and end-users efficiency in terms of cost and time.

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Few Points From Table Of Content:

1. Executive Summary

2. Military Drones Market Characteristics

3. Military Drones Market Size And Growth

4. Military Drones Market Segmentation

5. Military Drones Market Regional And Country Analysis

......

25. Military Drones Market Competitive Landscape And Company Profiles

26. Key Mergers And Acquisitions In The Military Drones Market

27. Military Drones Market Trends And Strategies

28. Military Drones Market Future Outlook and Potential Analysis

29. Appendix

Few Points From List Of Tables

Table 1: Global Historic Market Growth, 2015-2019, $ Billion

Table 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 3: Global Military Drones Market, Segmentation By Drone Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 4: Global Military Drones Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 5: Global Military Drones Market, Segmentation By Technology, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

………

Table 47: Northrop Grumman Financial Performance

Table 48: Lockheed Martin Financial Performance

Table 49: Boeing Financial Performance

Table 50: AeroVironment  Financial Performance

Table 51: General Atomics Financial Performance

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$12.1 Billion Global Military Drones Market Size, Growth, Segmentation And Forecast Research Report

The Business Research Company’s Military Drones Market covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market.

The military drones market consists of sales of military drones and related services. The military drones are specifically used for military purposes such as border surveillance, battle damage management, combat operations, communication, delivery, and anti-terrorism weaponry. Military drones include tactical drones, MALE (Medium altitude, long endurance) drones, HALE (High altitude, long endurance) drones, TUAV (Tactical unmanned air vehicle) drones, UCAV (Unmanned combat air vehicle) drones, SUAV (Small unmanned air vehicle) drones, and others.

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Increasing government funding on military drones to enhance efficiency in military operations boosts the demand for the production of military drones. According to the 2018 report published by the Bard College Center for the Study of the Drone, in 2019 U.S. Navy funding for unmanned systems increased by $1 billion (38%) and U.S Army funding increased by $719 million (73%) when compared to the 2018. Furthermore, Department of Defense in U.S requested approximately $9.39 billion for drones and associated technologies in the fiscal year 2019 representing a significant expansion of 26% in drone spending over 2018 budget, $7.5 billion. Hence, the increasing government spending on unmanned drones is driving the military drones market.

Drone swarm technology is growing its popularity in the military drones market due to its cost efficiency and high fire-power. Drone swarms are a large group of small drones that coordinate with each other to perform actions such as a survey of enemy territories, search and rescue and attacks on hostile objects. Drone swarm technology involves the production of several small cheap drones than one large expensive drone, therefore offering military drone manufacturers and end-users efficiency in terms of cost and time. With the use of advanced swarm technologies, military and armed forces can effectively carry out lethal drone strikes in multiple places at once.

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The military drones market has been geographically segmented into North America, Western Europe, APAC, Eastern Europe, South America, Middle East & Africa. The North American market is the largest market for military drones and is expected to continue to be the largest market during the forecast period

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