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.
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
View complete Report: https://www.thebusinessresearchcompany.com/report/military-drones-global-market-report
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