Armed Drone Trends and Forecast
The future of the global armed drone market looks promising with opportunities in the air force use, land force use, and navy use markets. The global armed drone market is expected to grow with a CAGR of 11.5% from 2024 to 2030. The major drivers for this market are increasing demand for armed drones in military operations, technological advancements in drone capabilities, and rising geopolitical tensions and the need for enhanced defense capabilities.
• Lucintel forecasts that reconnaissance drone is expected to witness the highest growth over the forecast period.
• Within this market, air force use is expected to witness the highest growth.
• APAC is expected to witness highest growth over the forecast period.
United States – Companies like General Atomics and Northrop Grumman are developing advanced armed drones such as the MQ-9 Reaper, targeting precision strikes and intelligence missions. The government aims to enhance military capabilities through investments in drone technology for surveillance and counterterrorism operations.
China – Chinese firms like China Aerospace Science and Technology Corporation (CASC) and Chengdu Aircraft Industry Group (CAIG) are expanding their armed drone offerings, aiming to strengthen national defense capabilities and secure international arms sales contracts. Government support drives research and development efforts for indigenous drone technology.
Turkey – Turkish companies like Baykar Makina and Turkish Aerospace Industries (TAI) are developing armed drones like the Bayraktar TB2, targeting regional defense needs and export markets. The government promotes indigenous drone production to enhance military capabilities and support the domestic defense industry.
Israel – Israeli firms such as Israel Aerospace Industries (IAI) and Elbit Systems are advancing armed drone technology like the Heron TP, focusing on precision targeting and intelligence gathering. Government initiatives prioritize the development and export of drone systems for defense and security applications.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Armed Drone by Segment
The study includes a forecast for the global armed drone by type, application, and region.
Armed Drone Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Reconnaissance Drone
• Electronic Countermeasures Drone
• Communication Relay Drone
• Combat Drone
Armed Drone Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Air Force Use
• Land Force Use
• Navy Use
Armed Drone Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Armed Drone Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies armed drone companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the armed drone companies profiled in this report include-
• Northrop Grumman
• General Atomics Aeronautical Systems
• Alenia Aeronautica
• Iran Aircraft Manufacturing Industries Corporation
• Airbus
• SYPAQ
• BAE Systems
Recent Development in the Armed Drone Market
General Atomics: General Atomics unveiled the MQ-9B SkyGuardian armed drone, featuring enhanced endurance and payload capacity for extended surveillance and strike missions.
China Aerospace Science and Technology Corporation (CASC): CASC announced the development of the CH-5 Rainbow armed drone, incorporating advanced reconnaissance and strike capabilities for military and security applications.
Baykar Makina: Baykar Makina introduced the Akıncı armed drone, equipped with advanced sensors and munitions for intelligence, surveillance, and precision strike missions, targeting both domestic and international defense markets.
Israel Aerospace Industries (IAI): IAI launched the Harop loitering munition, a versatile armed drone capable of autonomous target acquisition and engagement, offering a cost-effective solution for anti-radiation and precision strike missions.
Features of the Global Armed Drone Market
Market Size Estimates: Armed drone market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Armed drone market size by type, application, and region in terms of value ($B).
Regional Analysis: Armed drone market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the armed drone market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the armed drone market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for armed drone market?
Answer: The global armed drone market is expected to grow with a CAGR of 11.5% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the armed drone market?
Answer: The major drivers for this market are increasing demand for armed drones in military operations, technological advancements in drone capabilities and rising geopolitical tensions and the need for enhanced defense capabilities.
Q3. What are the major segments for armed drone market?
Answer: The future of the armed drone market looks promising with opportunities in the air force use, land force use, and navy use markets.
Q4. Who are the key armed drone market companies?
Answer: Some of the key armed drone companies are as follows:
• Northrop Grumman
• General Atomics Aeronautical Systems
• Alenia Aeronautica
• Iran Aircraft Manufacturing Industries Corporation
• Airbus
• SYPAQ
• BAE Systems
Q5. Which armed drone market segment will be the largest in future?
Answer: Lucintel forecasts that reconnaissance drone is expected to witness the highest growth over the forecast period.
Q6. In armed drone market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the armed drone market by type (reconnaissance drone, electronic countermeasures drone, communication relay drone, and combat drone), application (air force use, land force use, and navy use), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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