; Defense Drones Market size, Share, Forecast, 2032

Defense Drones Market

Defense Drones Market Size, Share, and Analysis, By Product Type (Fixed-wing Systems, Hybrid, Rotary Wing, Others), By Payload (Small Drones, Medium Drones, Large Drones), By Application (Battle Damage Management, Combat Operations, Intelligence, Surveillance, Reconnaissance & Target Acquisition {ISRT}, Logistics & Transportation, Others), By Propulsion Type (Hybrid Cell, Fuel Cell, Battery Powered), By Launching Modes (Automatic Take-off & Landing, Vertical Take-off, Hand Launched, Catapult Launcher), By Speed (Subsonic, Supersonic) and Regional Forecasts, 2022-2032

Published on: Oct-2023
Report Code: FG A&D 01687
No. of Pages: 170-350
Report Format: PDF

Product Overview

Defense Drones Market size was USD 11.15 billion in 2021 and projected to grow from USD 14.2 billion in 2023 to USD 43.3 billion by 2032, exhibiting a CAGR of 13.2% during the forecast period.

Defense drones are also referred as unmanned aerial vehicles and are utilized to recognize security-related challenges and areas that are prone to national security risks. Defence drones are utilized in various operations like reconnaissance, surveillance, target acquisition, combat operations etc. These aid in enhancing the ablity of security forces to work on new defense & homeland security issues.  

Market Highlights

Defense Drones Market is expected to project a CAGR of 13.2% during the forecast period, 2022-2032

Defense Drones Market is expected to reach USD 43.3 billion, growing at a CAGR of 13.2% during forecast period owing to the increasing defense expenditure by major countries in performing R&D activities. Increasing focus on border security, monitoring, infrastructure protection, thermo graphic inspection etc. need technically new equipment and tools is anticipated to drive the demand for growth of the market.

Defense Drones Market Segmentation

Fixed-wing Systems segment is expected to grow with high CAGR during the forecast period

Defense Drones Market is classified based on the Product Type into Fixed-wing Systems, Hybrid, Rotary Wing, Others. Fixed-wing Systems segment is expected to dominate the market in the forecast period as they are widely used in defence and various military forces due to the benefits offered like exceptional structure utilized in surveillance which may boost the segment growth in market. The powerful and modern UAVs with fixed wing structures are created and manufactured owing to their superior aerodynamics which may boost the growth of segment in the market during forecast period.

Medium Drones segment is expected to grow during the forecast period

Defense Drones Market is classified based on the Payload into Small Drones, Medium Drones, Large Drones. Small Drones segment dominated the market in 2021 owing to the ease of operating. Medium Drones segment is expected to dominate the market in the forecast period as they are capable of lifting payload up to 150 kg. They are successful in performing computerized command and are helpful in analysing on situational basis and awareness to provide protection and surveillance which are anticipated to drive the demand for the growth of segment in the Defense Drones market.

Market Dynamics

Growth Drivers

Increasing Expenditure in Defence is Expected to Boost the Growth of the Market

The expenditure in defense is increasing and it is anticipated to drive the demand for the growth of defense drone market as it is utilized for obtaining and upgrading of unmanned surveillance & attack product type. The rising expenditure for research & development in the defense aviation may result in the growth of market. The disputes along the borders among various countries is increasing and it is necessary to procure real-time surveillance drones for enhancing the situation in resolving the disputes which is anticipated to boost the market growth of defence drone market.

Advancements in Technology is Expected to Boost the Growth of the Market

The acceptance of advanced technologies involving artificial intelligence in drone industry is increasing which is anticipated to create new opportunities for the growth of the defense drone market. Defence drones are being associated with high-tech cameras, GNSS, new sensors, LiDAR, infrared, and thermal imaging product type. The utilization of multi-sensor product type in the unmanned aerial vehicles like global mobile communication system (GSM), air-to-air missiles, communication reconnaissance sensors is growing. The modern UAVs are capable of bearing a different payload arranged on internal weapon bays and large sensors. Commercially, in high altitude military UAV, artificial intelligence is used for reconnaissance operations.

Restraint

High Manufacturing Cost May Restrain the Growth of the Market

The manufacture of operating of defence drones is a sophisticated procedure involving high cost which may hamper the market growth. The maintenance costs associated is expensive which may restrain the growth of Defense Drone market.

Recent Developments

  • In December 2021, South Korean government granted proposal to manufacture surveillance and reconnaissance drones domestically by 2031 which are obtained to enhance the ability of country’s defence.
  • In November 2021, Boeing arranged to change retired U.S. Air Force Lockheed Martin F-16 jet fighters into advanced unmanned and manned target drones.

Defense Drones Market

Key Players Covered:

Regional Analysis

Defense Drones Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. The North America region dominated the defense drone market in 2021 and is expected to continue its dominance over the forecast period owing to the presence of well-established infrastructure in defence sector which s boosting market growth. The importance of research and development in defense drone market may drive demand for market growth during the forecast period.

Impact of Covid-19 on Defense Drones Market

The COVID-19 outbreak had resulted in the economic downfall. Several countries had imposed lockdowns and travel bans to control the coronavirus spread. Covid-19 had negatively affected several industries. The focus of governments had been shifted to surveillance operations rather to counter terrorism during the pandemic period. There was delay in the manufacturing and assembling process of equipment used in the defense drones which had impacted the market. The necessity for following digital operations using the technology like industrial internet of things had increased to permit real-time monitoring of manufacturing process of defense drone products. Covid-19 had a negative impact on the growth of the Defense Drones Market.

Defense Drones Market is further segmented by region into:

  • North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
  • Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
  • Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
  • Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
  • Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA.

Defense Drones Market Scope and Segments:

ATTRIBUTE

  DETAILS

Study Period

2018-2032

Base Year

2022

Forecast Period

2022-2032

Historical Period

2019-2021

Growth Rate

CAGR of 13.2% from 2022-2032

Unit

Value (USD Billion)

Segmentation

Main Segments List

Product Type

  • Fixed-wing Systems
  • Hybrid
  • Rotary Wing
  • Others

Payload

  • Small Drones
  • Medium Drones
  • Large Drones

Application

  • Battle Damage Management
  • Combat Operations
  • Intelligence, Surveillance, Reconnaissance & Target Acquisition {ISRT}
  • Logistics & Transportation
  • Others

Propulsion Type

  • Hybrid Cell
  • Fuel Cell
  • Battery Powered

Launching Modes

  • Automatic Take-off & Landing
  • Vertical Take-off
  • Hand Launched
  • Catapult Launcher

Speed

  • Subsonic
  • Supersonic

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Scandinavia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Frequently Asked Questions (FAQ):

Defense Drones Market size was estimated at USD 11.15 billion in 2021 and is expected to reach USD 43.3 billion in 2032.

Fixed-wing Systems and Medium Drones segment accounted for the highest growth rate in the Defense Drones market.

Leading players: Elbit Systems Ltd., Israel aerospace industries ltd, Boeing, Northrop Grumman Corporation, Lockheed Martin Corporation, AeroVironment, Inc., Thales Group, SAAB Group, General Atomics Aeronautical Systems, Inc., Textron Systems and Other Prominent Players are the leading players in the Defense Drones Market.

Increasing Expenditure in Defence and Advancements in Technology are the factors driving the Defense Drones market.

The manufacturing and maintenance cost of defence drones is high which are the challenges associated with the Defense Drones Market.

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