Military Surveillance Drones Market - Business Trends, Top Key Players Profiles
Posted by savnipandit on November 27th, 2019
Global Military Surveillance Drone Market: Information by Drone Type (Fixed Wing Drone, Rotary Blade Drone and Hybrid Drone), Payload (Electro-Optic/Infrared Sensor, Cameras, Electronic Intelligence, Maritime Patrol Radar and others), Technology (Hardware and Software) and Region (North America, Europe, Asia-Pacific, Middle East and Africa and Latin America) - Forecast till 2025
The global military surveillance drones’ market is predicted to garner USD 4549.4 million, grabbing a CAGR of 11.96 % during the forecast period (2016-2023) owing to the augmenting internal and external security threats, asserts Market Research Future (MRFR). Drones are the next-generation aerial platforms which are deployed by the defense ministries globally. Military drones are referred to as flying weapons and flying cameras that can be controlled with the help of a remote. Military drones are generally used for lifting the cameras above the ground so that every individual who requires it can use a camera to look down from above for surveillance. Military drones help to achieve terrorist control tasks. Such drones are used for reconnaissance, surveillance, and intelligence missions.
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Drivers and Constraints Impacting the Market:
With external and internal security threats, development of next-generation drones, and augmenting need for border monitoring, the global military surveillance drones’ market is considered to flourish during the assessment period. The demand for unmanned systems is considered to propel owing to their successful deployment during combat missions especially in countries like Afghanistan and Iraq. The military surveillance drones’ market is also driven by the procurement of the UAVs for surveillance purposes and combat operations. The accelerating external and internal threats are encouraging the government to adopt drone technology in order to gather intelligence associated with the developments on the battlefield, performing high-level reconnaissance activities, and assessing battle damages. With the accelerating use of UAVs for administrative functions like police investigations and traffic monitoring, coupled with emergency response services including disaster management and firefighting, the market is considered to propel across the globe. Moreover, advancements in the UAV technology is also likely to trigger the market growth in the coming years. With the implementation of artificial intelligence and advanced machine learning algorithms in the drones, the market is likely to propel.
On the flip side, issues associated with low endurance and flight range, and data processing are some of the major constraints considered to impact the market throughout the appraisal period.
The global military surveillance drones’ market has been segmented on the basis of type and payload.
By mode of type, the global military surveillance drones’ market has been segmented into mini, fixed wind, and micro/nano. Among these, the segment for fixed wing is considered to occupy the largest market share and is estimated to retain its dominance. Fixed-wing drones are integrated with wings similar to the normal airplanes, and efficient compared to other types of drones. They also offer advantages like large area coverage, long endurance, and faster flight speed, thereby fueling the segment.
By mode of payload, the global military surveillance drones’ market has been segmented into cameras, electro-optic/infrared sensor, maritime patrol radar, electronic intelligence, and others. Among these, the electro-optic/infrared sensor segment is considered to dominate the market. Such sensors enable the unmanned vehicles to sense and avoid obstacles, navigate accurately, detect movement, find the enemy and also warn about the potential for buried improvised explosive devices.
Geographically, the military surveillance drones’ market span across regions Europe, North America, Asia Pacific, and Rest-of-the-World (RoW).
Among all the regions, the North America region is likely to dominate the market and is estimated to retain its dominance throughout the appraisal period. The growth can be credited to the augmenting applications of the unmanned aerial vehicles in the homeland security, military sector, and commercial areas. North America is also presumed to lead the global market in terms of technological advancements and expenditure and, and owes a large number of deployments of UAVs in the vulnerable regions. In this region, the US generates high demand for the surveillance drones.
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The prominent players operating the global military surveillance drones’ market are Airbus Corporation (Netherlands), Lockheed Martin (U.S.), Boeing (U.S.), Israel Aerospace Industries Ltd. (Israel), AeroVironment Inc. (U.S.), Saab Group (Sweden), General Atomics (U.S.), Thales Group (France), Elbit Systems Ltd (Israel), and Northrop Grumman Corporation (U.S.)
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