Military Drone Market to Exhibit 12.4% CAGR; Rising Transnational Security Threa

Posted by Rushikesh Pise on March 12th, 2020

The global military drone market is set to gain traction from their increasing demand from the defense sector as they possess high surveillance capability. Besides, these drones are nowadays equipped with several state-of-the-art technologies, namely, cloud computing-based services, multi-sensor data fusion for UAV navigation, and artificial intelligence (AI). It would affect the market positively in the coming years.

Fortune Business Insights™ published the above information in a recent report, titled, “Global Military Drone Market Size, Share & Industry Analysis, By Type (Fixed-Wing, Rotary-Wing, and Hybrid/Transitional), By Range (VLOS, EVLOS, and BLOS), By Propulsion Type (Battery Powered, Fuel Cell, and Hybrid Cell), By Technology (Remotely Operated Drone, Semi-Autonomous Drone, and Autonomous drone), By Application (ISRT, Delivery and Transportation, Combat Operations, Battle Damage Management and Others) and Regional Forecast, 2019-2026.” As per the report, the military drone market size is projected to reach USD 21.76 billion by 2026, at a CAGR of 12.4% during the forecast period. However, it stood at USD 7.93 billion in 2018.

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Rushikesh Pise

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Rushikesh Pise
Joined: November 4th, 2019
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