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Military Drone/Unmanned Aerial Vehicle (UAV) Market Trends, Companies, Driver, Segmentation, Forecast to 2024

Latest updates on Military Drone/Unmanned Aerial Vehicle (UAV) market, a comprehensive study enumerating the latest price trends and pivotal drivers rendering a positive impact on the industry landscape. Further, the report is inclusive of the competitive terrain of this vertical in addition to the market share analysis and the contribution of the prominent contenders toward the overall industry.

The market of the drone used for VLOS operation are estimated to grow with the CAGR of 16.4% during the forecast period. The growth of the market is attributed to the demand of the VLOS drone in government applications such as traffic monitoring, police operations & law enforcement, and firefighting & disaster management application. The maximum limit for VLOS is different in countries as specified by the local aviation authorities. In Europe, the maximum VLOS is typically set at not more than 400 ft. AGL (above ground level) vertically and 500 m horizontally. Drone operators in Australia are required to maintain a VLOS and fly below 400 ft. AGL. With prior approvals and air traffic control clearance, flights above 400 ft. are allowed only in designated areas of controlled airspace.

The drone with the payload between 25KG and 150KG is dominating the military drone market with more than 50% revenue share in the 2016. Their ability to perform critical missions such as surveillance mission, rescue operation, support to ground forces and traffic monitoring are the major factors augmenting their demand in the market. Furthermore, their high versatility and high tactical capabilities is also estimated to foster the demand.

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Military Drone Market is estimated to surpass the fleet of 18 thousand units with the revenue of over 13 billion by 2024. The increasing demand of the UAVs for combat and surveillance operations is the primary factor driving the market growth. The government across the countries are increasingly procuring the drones for enhancing their armed forces and safety and security. Moreover, the rise in internal and external threat across the globe and terrorist activities are also impacting the market to grow government sector. Furthermore, the rise in investment in the drone technology especially from developing economies for strengthening their military is increasing the need for drones. However, the safety and security issues associated with the drones is estimated to be the major constraint in the growth of the market. Also, the stringent regulations on the use of drones is impacting the market revenue.

Military Drone/Unmanned Aerial Vehicle (UAV) Market Trends, Companies, Driver, Segmentation, Forecast to 2024
Military Drone/Unmanned Aerial Vehicle (UAV) Market Trends, Companies, Driver, Segmentation, Forecast to 2024

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The demand from government applications, especially for traffic monitoring and police operation & law enforcement is driving the military UAV market. The traffic departments around the world have started testing and deploying drones to monitor and manage urban traffic systems. For instance, in December 2017, the police department in Dubai launched drones to monitor the traffic on the roads. These drones use 4G technology and are controlled by officers from the Dubai Command Room. They also provide a live broadcast of traffic jams during peak hours enabling quick dispatching on patrol units to ease the congestion.

Major Highlights from Table of contents are listed below for quick lookup into Military Drone/Unmanned Aerial Vehicle (UAV) Market report

Chapter 1. Competitive Landscape

  • Company market share
  • Military Drone/Unmanned Aerial Vehicle (UAV) Market Competitive analysis of key market players
  • Competitive analysis of other prominent vendors

Chapter 2. Company Profiles

  • Business Overview
  • Financial Data
  • Product portfolio
  • Strategic Outlook
  • SWOT Analysis

Chapter 3. Methodology & Scope

  • Methodology
  • Initial data exploration
  • Military Drone/Unmanned Aerial Vehicle (UAV) Market Statistical model and forecast
  • Industry insights and validation
  • Military Drone/Unmanned Aerial Vehicle (UAV) Market Scope
  • Definition
  • Methodology and forecast parameters
  • Data Sources

Chapter 4. Executive Summary

  • Military Drone/Unmanned Aerial Vehicle (UAV) industry 360º synopsis - 2025
  • Military Drone/Unmanned Aerial Vehicle (UAV) Business trends
  • Region trends

Chapter 5. Military Drone/Unmanned Aerial Vehicle (UAV) industry Insights

  • Military Drone/Unmanned Aerial Vehicle (UAV) Industry segmentation
  • Industry landscape 2025
  • Industry Pitfalls and Challenges
  • Threat of new entrants
  • Threat of substitutes
  • Military Drone/Unmanned Aerial Vehicle (UAV) Market Growth potential analysis

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