The global military surveillance drones market is likely to touch USD 2896.0 million and at an 11.96% CAGR between 2018- 2025, according to the new report by Market Research Future (MRFR). Military surveillance drones, simply put, are unmanned aerial aircrafts which are used for different military operations. Hybrid drone, rotary blade drone, and fixed-wing drone are the different types of military surveillance drones.
Various factors are propelling the global military surveillance drones market growth. According to the new MRFR report, such factors include growing investments in research and development to augment payload drones for military applications, rising use of UAVs for surveillance and monitoring on sea surface border and land, increasing use of drones for modern warfare, increasing use of unmanned aerial vehicles for risky tactical operations and rapid advances in drone technology for facilitating high-level ISR and combating capabilities. Additional factors adding market growth include support from government agencies worldwide, an increase in external & internal threats that have compelled the government in using aerial imaging platforms for tackling challenging situations & promoting public safety, and a burgeoning need for drone technology for reconnaissance activities and surveillance.
On the contrary, security concerns about drones, scarcity of skilled manpower to operate the drones, and the grave effect of the ongoing COVID-19 pandemic are factors that may limit the global military surveillance drones market growth over the forecast period.
The MRFR report gives an inclusive segmental analysis of the global military surveillance drones market report based on technology, drone type, and payload.
By drone type, the global military surveillance drones market is segmented into hybrid drone, rotary blade drone, and fixed wing drone. Of these, the rotary blade drone segment is predicted to lead the market over the forecast period. It is likely to grow at a 13.69% CAGR.
By payload, the global military surveillance drones market is segmented into maritime patrol radar, electronic intelligence, cameras, electro-optic/infrared sensor, and others. Of these, the electro-optic/infrared sensor segment is predicted to dominate the market over the forecast period. It is likely to grow at a 14.35% CAGR.
By technology, the global military surveillance drones market is segmented into software and hardware.
Based on the region, the global military surveillance drones market report covers the growth opportunities and recent trends across North America, Europe, the Asia Pacific (APAC), Latin America, & the Middle East and Africa (MEA). Of these, the APAC region will have the lions share in the market over the forecast period. Increasing investments in new drone technologies to develop high-tech drones to support military applications are adding to the global military surveillance drones market growth in the region. Besides, the high adoption of drones for the government and defense sector in Australia, India, Japan, and China are also adding market growth.
The global military surveillance drones market in North America is predicted to have significant growth over the forecast period. Rising adoption of drones for surveillance activities like rescue operation and search, threat detection, and border security, and increasing use of military drones for maritime surveillance activities are adding to the global military surveillance market growth in the region. Canada and the US have a maximum share in the region.
The global military and surveillance drones market in Europe is predicted to have notable growth during the forecast period, & in the Middle East and Africa it is predicted to have healthy growth with Israel being the largest exporter of drones for military use.
Leading players profiled in the global military surveillance drone market report include General Atomics (US), AeroVironment, Inc. (US), Israel Aerospace Industries Ltd. (Israel), Elbit Systems Ltd (Israel), Saab Group (Sweden), Thales Group (France), Northrop Grumman Corporation (US), Lockheed Martin (US), Airbus Corporation (Netherlands), and Boeing (US).
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 @ https://www.marketresearchfuture.com/reports/military-surveillance-drones-market-4415