Thursday, February 9, 2023
  • About Us
  • Contact Us
KsaWeekly.com
  • News
  • Business
  • Finance
  • Technology
  • Lifestyle
  • Middle East
  • Press Release
Submit a News Release
No Result
View All Result
KsaWeekly.com
Submit PR
Home Press Release

Military Drone Market Size, Share, Top Emerging Trends, Growth and Business Opportunities by Next 5 years

Press Room by Press Room
December 13, 2022
in Press Release
Share on FacebookShare on Twitter


(EMAILWIRE.COM, December 13, 2022 ) The report “Military Drone Market by Platform, Type (Fixed Wing, Rotary Wing, And Hybrid), Application, Mtow, Propulsion (Turbo Engine, Piston Engine and Battery), Operation Mode, Speed, Launching Mode & Region – Global Forecast to 2027″ The military drone market is projected to grow from USD 12.0 billion in 2022 to USD 17.0 billion by 2027, at a CAGR of 7.3% from 2022 to 2027. The growth of the market across the globe can be attributed to surging investment in development and procurement of modern military solution to enhance defense forces capabilities.

Ask for Sample Report @

https://www.marketsandmarkets.com/requestsampleNew.asp?id=221577711

Based on propulsion, the battery segment is anticipated to record the highest growth rate during the forecast period.

Based on propulsion, the military drone market has been classified into engine, piston engine, and battery. The battery segment includes military drones which are operated on lithium-ion batteries, fuel cells, and hybrid cells. The battery segment is anticipated to record the highest growth rate during the forecast period, with many short-range and medium-range drones adopting batteries besides the small drones. Battery or electrically-powered military drones use batteries to store energy and power electric motors. These drones are easy to operate and emit lesser noise as compared to turbo engine drones. However, lithium-ion batteries used in military drones need to be recharged once the charge is depleted; the process of recharging consumes a substantial amount of time. In contrast, fuel-powered military drones can be refueled at a quick pace. Hydrogen-powered military drones offer the benefit of electric propulsion, thereby enabling military drones to fly for long durations.

Based on speed, the subsonic segment is estimated to register large share in the base year.

Based on speed, military drone market has been segmented into subsonic and supersonic. The subsonic segment has been further divided into 300 Km/hr. The subsonic segment contributed to the majority share of the market as currently, most military drones operate at conventional subsonic speeds. Drones with a speed of less than 100 km/hr generally include small ISR drones and some close-range drones. The growing demand for small drone platforms is set to boost the growth of the 300 km/hr segment.

The Asia Pacific region is projected to be high growth potential markets for the military drone during the forecast period.

Asia Pacific is known as a global leader in technology and innovation. It has the fastest-growing technology companies based on percentage revenue growth over three years. China, Malaysia, South Korea, and India heavily invest in military drone development projects. India imports a significant amount of military solutions from North America and Europe. Besides, China is a technologically advanced country with one of the biggest technology manufacturing industries. The country is known worldwide for its speed and efficiency, which are the major focal points for drone manufacturers. Some well-known military drone, payload, and drone component manufacturing companies in China are Autel Robotics, China Academy of Aerospace Aerodynamics, Chengdu Rainpoo Technology Co., Ltd. Sichuan, Aviation Industry Corporation of China (AVIC), and China Aerospace Science and Technology Corporation. There are different research teams in China working on launching military drones. New technologies create new products and new processes. Apart from improving quality, technological advancements can also help reduce costs. Advancements in technology and increasing adoption of technologies to improve defense operations will result in the growth of the military drone market.

Key Market Players

The Major Players includes Northrop Grumman Corporation (US), Raytheon Technologies Corporation (US), Israel Aerospace Industries Ltd. (Israel), General Atomics Aeronautical Systems (GA-ASI) (US), and Teledyne FLIR LLC (US).

News Also Covered: https://www.prnewswire.com/news-releases/military-drone-market-worth-17-0-billion-by-2027–exclusive-report-by-marketsandmarkets-301621822.html

Related Reports:

Drone Software Market by Solution (Application, System), Platform (Defense & Government, Commercial, Consumer) Architecture (Open Source, Closed Source), Deployment (Onboard Drone, Ground-Based, Region – Global Forecast to 2027

Fixed-wing VTOL UAV Market by Application (Military, Government & Law Enforcement, Commercial), Propulsion (Electric, Hybrid, Gasoline), Mode of operation (VLOS, EVLOS, BVLOS), Endurance, Range, MTOW and Region – Global Forecast to 2030

Target drones Market by End-use Sector (Defense, Commercial), End Use (Aerial Targets, Ground Targets, Marine Targets), Application, Mode of Operation, Payload Capacity, Build, Target Type, Engine Type, Speed, Type and Region – Global Forecast to 2027

Drone Simulator Market by Application (Commercial, Military), Component (Software, Hardware), Device Type (Augmented Reality, Virtual Reality), Drone Type (Fixed Wing, Rotary Wing), System Type and Region – Global Forecast to 2027

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.



Source link

Previous Post

industrial sector to dominate hiring in 2023

Next Post

Customer Data Platform Market Size projected to expand around $19.7 billion by 2027

RECOMMENDED NEWS

UN climate talks end in acrimony and accusations of betrayal

8 months ago
Diminutive Tales from the Tip of My Imagination

Diminutive Tales from the Tip of My Imagination

7 months ago
The Family Office تقدّم ابتكاراً جديداً لاستثمارات الأسواق الخاصّة مع خدمتها للاستثمار الآن والدفع لاحقاً

The Family Office تقدّم ابتكاراً جديداً لاستثمارات الأسواق الخاصّة مع خدمتها للاستثمار الآن والدفع لاحقاً

2 months ago
Household Robots Market worth $19.3 billion by 2027 at a CAGR of 16.0%

Household Robots Market worth $19.3 billion by 2027 at a CAGR of 16.0%

5 months ago

BROWSE BY CATEGORIES

  • Business
  • Finance
  • Lifestyle
  • Middle East
  • News
  • Press Release
  • Technology

POPULAR NEWS

  • ZainTech partners with LigaData to deliver data-driven digital services in MENA

    ZainTech partners with LigaData to deliver data-driven digital services in MENA

    0 shares
    Share 0 Tweet 0
  • تم إطلاق VOYAH FREE في أوروبا وتم افتتاح معرض VOYAH.

    0 shares
    Share 0 Tweet 0
  • Saudi Arabia’s NuqtahNFT and ConsenSys partner to empower Web 3 startups

    0 shares
    Share 0 Tweet 0
  • Vidliz Expands Its Data-Driven Online Marketing Services in the Middle East

    0 shares
    Share 0 Tweet 0
  • قد يؤدي استهلاك الجوز إلى إبطاء تطوّر السرطان

    0 shares
    Share 0 Tweet 0

KSA Weekly™ publishes and aggregates business, socio-economic, Tech and industrial news on Saudi Arabia, Middle East and North Africa (MENA).

We provide press release distribution to media in the Kingdom of Saudi Arabia, the Arab world and the GCC/MENA regions. To send your press release, contact us today.

Recent News

Recent Posts
  • Saudi Arabia Unexpectedly Raises Oil Prices for Next Month – Bloomberg
  • Saudi Arabia’s LEAP23 sees $9 billion in investments on opening day – Gulf News
  • Saudi Arabia expands its mineral exploration with 377 mining … – Arab News
  • Saudi Arabian women's football gathers momentum and investment … – Arab News
  • Saudi Arabia's real estate challenge needs to solved sustainably – Arabian Business

Category

News

Business

Finance

Technology

Lifestyle

Middle East

Press Releases

Subscribe to Our Newsletter

    KSA Weekly ™ is part of GroupWeb Media Network. © 2023 GroupWeb Media LLC

    • About Us
    • Contact Us
    • Submit a Press Release
    No Result
    View All Result
    • News
    • Business
    • Finance
    • Technology
    • Lifestyle
    • Middle East
    • Press Release

    © 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.