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
Drones have long been used for surveillance, but in recent past, their usage has increased steeply, especially among militaries. Market Research Future (MRFR) has recently released an in-depth report on the global military surveillance drones market. The report has been compiled after a thorough analysis of the pertinent trend and factors that could impact the growth of the market over the forecast period of 2016-2023. MRFR's analysis has projected the market to reach USD 4549.4 Mn at a CAGR of 11.9% over the forecast period.
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Next generation drones are increasingly being deployed by the militaries of multiple countries owing to towering internal and external security threats. Surveillance drones have demonstrated their efficiency in combat missions in terror-stricken countries such as Iraq and Afghanistan. Growing geopolitical tensions such as the Russia and Ukraine conflict over Crimea, the growing conflict between South Korea and China over supremacy in the South China Sea territory and intensifying maritime disputes between Guyana and Venezuela. These cross-border conflicts have led to an increased need for deployment of surveillance systems, which has generated huge demand within the military surveillance drones market.
Segmentation:
The military surveillance drones market has been segmented based on type and payload.
By type, the military surveillance drones market has been segmented into mini, fixed wind, and micro/nano. The fixed-wing segment is estimated to be the largest segment over the forecast period. Fixed wing drones are more efficient as compared to other types and offer the advantages of long endurance, faster flight speed, large area coverage which has fostered the growth of the segment.
By payload, the military surveillance drones’ market has been segmented into cameras, electro-optic/infrared sensor, maritime patrol radar, electronic intelligence, and others. The electro-optic/infrared sensor segment is likely to lead the global market over the forecast period. These sensors allow drones to sense and avoid obstacles. They are also capable of navigating accurately, detecting movements as well as enemies, and also warning about the potential for buried improvised explosive devices.
Regional Analysis:
Region-wise, the military surveillance drones’ market has been segmented into Asia Pacific (APAC), Rest-of-the-World (RoW), North America, and Europe.
North America is a frontrunner in the deployment of military surveillance drones and is anticipated to lead the global military surveillance drones market over the forecast period. Unmanned aerial vehicles (UAVs) or drones are extensively used in military, homeland security, and commercial areas in the region. Expanding defense budgets, increasing geopolitical unrest, and rise in terrorist activities are the factors boosting the growth of the market. Canada and Mexico are investing substantially in the development of the drones, even though the North America military surveillance drones market is primarily led by the US. Additionally, the clustering of various market players in the region gives it unprecedented leverage over others. These leading market players have deep pockets and are actively engaged in the development of drone technology.
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Competitive Landscape:
General Atomics (U.S.), Saab Group (Sweden), Thales Group (France), Elbit Systems Ltd (Israel), AeroVironment Inc. (U.S.), Northrop Grumman Corporation (U.S.), Israel Aerospace Industries Ltd. (Israel), Lockheed Martin (U.S.), Boeing (U.S.), and Airbus Corporation (Netherlands) are the eminent players in the military surveillance drones market.
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