Dublin, Feb. 11, 2025 (GLOBE NEWSWIRE) -- The "Strategic Intelligence - Drones in Aerospace & Defense" report has been added to ResearchAndMarkets.com's offering.
The report estimates that the global military UAV market will expand from a value of $13.9 billion in 2024 to $25.6 billion in 2034, growing with a CAGR of 6.3%. The global drone market was worth $15.2 billion in 2020 and will reach $89.6 billion by 2030, with the strongest growth coming from commercial drones, which will record a compound annual growth rate (CAGR) of 32.6% between 2020 and 2030, rising from $3.4 billion in 2020 to $57.0 billion in 2030.
Unmanned aerial vehicles (UAVs)-colloquially known as 'drones'-have been a much-used part of advanced militaries' arsenals for many decades. From the RQ-2 Pioneer used in 1991 during Operation Desert Storm, to the MQ-9 Reaper used in current conflicts in Syria, the US, in particular, has led the way in the development and utilization of unmanned capabilities.
This has been due in part to the high financial threshold for R&D, and subsequent export controls on US platforms. However, other producers are beginning to develop viable, affordable platforms, subsequently increasing the horizontal proliferation of unmanned capabilities. The growth of drone technology in the wider consumer and commercial markets has further altered the cost calculus of drone operations, facilitating the development of novel concepts and programs focusing on the potential benefits provided by relatively low-cost, 'attritable' UAV platforms.
This newfound focus has reinvigorated the development of novel military UAVs such as loitering munitions, as well as research into the dual-use potential of consumer drone technology. Loitering munitions in particular are a rapidly expanding segment within the unmanned systems market, combining the benefits of unmanned autonomy and precision-guided munitions within a single platform.
The loitering munitions market will benefit from increased modularity, the use of artificial intelligence (AI), the use of swarm technology, and increased sensor capabilities in the next ten years. Simultaneously, recent conflicts have illustrated the utility of repurposing consumer drone technology for defense applications, with the implications of this trend beginning to influence both tactical and strategic considerations within global defense circles.
Scope
- This report analyzes the key theme of drones in the aerospace and defense sector.
- This report provides an insight into key trends, challenges, and recommendations, as well as providing case studies to help the reader see examples of drone technology in action.
Reasons to Buy
- Understand the impact of drones on the defense industry, using case studies to help you understand how you can adapt and understand this theme.
- Assess the strategies that companies are adopting to succeed in drone technology.
- Discover companies that are leading in the space.
- Analyze real-world trends created by integrating drones across the defense sector.
- The analyst's thematic research ecosystem is a single, integrated global research platform that provides an easy-to-use framework for tracking all themes across all companies in all sectors. It has a proven track record of identifying the important themes early, enabling companies to make the right investments ahead of the competition, and secure that all-important competitive advantage.
Key Topics Covered:
- Executive Summary
- Players
- Technology briefing
- Trends
- Technology trends
- Macroeconomic trends
- Regulatory trends
- Industry Analysis
- Market size & growth forecasts
- Signals
- M&A trends
- Patent trends
- Hiring Trends
- Case Studies
- Timeline
- Companies
- Sector Scorecard
- Glossary
Aerospace & Defense Drones Competitive Landscape
- BAE Systems
- Boeing
- Elbit Systems
- IAI
- L3Harris Technologies
- Lockheed Martin
- Northrup Grumman
- Rafael
- RTX Corp
- Anduril
- AeroVironment
- AgEagle
- Airbus
- Amprius
- Draganfly Innovations
- Elistair
- Filtronic
- Hensoldt
- Honeywell
- indra Sistemas
- Kongsberg
- Kratos Defense & Security
- Leonardo
- Mynaric
- Orbital UAV
- Parrot
- precisionhawk
- Ramco
- Rheinmetall
- Rolls-Royce
- SoftBank
- Teledyne FLIR
- Thales
- Volatus
For more information about this report visit https://www.researchandmarkets.com/r/2tgpxm
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