Suicide Drone Trends and Forecast
The future of the global suicide drone market looks promising with opportunities in the national defense and military exercise markets. The global suicide drone market is expected to grow with a CAGR of 10.1% from 2024 to 2030. The major drivers for this market are rising geopolitical tensions and increased defense spending, technological advancements in drone autonomy and precision targeting, and growing focus on minimizing military casualties and achieving strategic objectives with minimal risk.
• Lucintel forecasts that conventional suicide drone is expected to witness the higher growth over the forecast period.
• Within this market, national defense is expected to witness the highest growth.
• North America is expected to witness highest growth over the forecast period.
United States: General Atomics announced a new line of suicide drones, focusing on enhancing autonomous capabilities for military applications. The U.S. Department of Defense has set targets to integrate these drones into their operations by 2025, aiming to bolster tactical support and intelligence gathering.
China: China Aerospace Science and Technology Corporation (CASC) launched a new series of low-cost, high-efficiency suicide drones designed for export. The Chinese government has been increasing investments in drone technology, aiming to become a global leader in unmanned aerial vehicles by 2030.
Israel: Israel Aerospace Industries (IAI) revealed advancements in their Harop loitering munition system, emphasizing improved precision and endurance. The Israeli Ministry of Defense has been actively promoting the adoption of these systems within their armed forces to maintain technological superiority in the region.
Turkey: Baykar Technologies introduced an upgraded version of the Kargu-2 suicide drone, focusing on enhanced swarm capabilities. The Turkish government has set ambitious targets to become a major drone exporter by 2027, with a significant portion of the strategy revolving around advanced loitering munitions.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Suicide Drone by Segment
The study includes a forecast for the global suicide drone by type, application, and region.
Suicide Drone Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Conventional Suicide Drone
• Tiny Suicide Drone
Suicide Drone Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• National Defense
• Military Exercises
• Others
Suicide Drone Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Suicide 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 suicide drone companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the suicide drone companies profiled in this report include-
• General Atomics
• Lockheed Martin
• Textron
• Boeing
• Kratos
• Aerovironment
• Northrop Grumman
Recent Development in the Suicide Drone Market
General Atomics Aeronautical Systems, Inc.:
General Atomics has announced the development of a new line of advanced suicide drones designed for precision strike capabilities. These drones feature enhanced AI targeting systems and extended range, catering to increasing demand from the U.S. military and allied forces.
Elbit Systems:
Elbit Systems recently unveiled its latest suicide drone model, the SkyStriker. This drone boasts an improved loitering time and can carry a variety of warhead options, making it versatile for different combat scenarios. The company has secured contracts with several European and Asian defense ministries.
AeroVironment, Inc.:
AeroVironment has expanded its Switchblade series with the Switchblade 600, offering greater payload capacity and extended operational range. This model aims to provide enhanced capabilities for tactical missions and has already seen adoption by the U.S. Special Operations Command.
Israel Aerospace Industries (IAI):
IAI has introduced the Mini Harpy, a hybrid suicide drone that combines features of loitering munitions and attack drones. Designed for both land and sea operations, the Mini Harpy targets enemy radars and communication systems and has generated significant interest in Asia-Pacific markets.
Raytheon Technologies:
Raytheon has entered the suicide drone market with its Coyote Block 3, featuring autonomous swarming capabilities. These drones are designed for use in complex combat environments, offering high precision and reduced collateral damage. The U.S. Army has initiated procurement discussions for this technology.
Features of the Global Suicide Drone Market
Market Size Estimates: Suicide drone market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Suicide drone market size by type, application, and region in terms of value ($B).
Regional Analysis: Suicide 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 suicide drone market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the suicide drone market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for suicide drone market?
Answer: The global suicide drone market is expected to grow with a CAGR of 10.1% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the suicide drone market?
Answer: The major drivers for this market are rising geopolitical tensions and increased defense spending, technological advancements in drone autonomy and precision targeting, and growing focus on minimizing military casualties and achieving strategic objectives with minimal risk.
Q3. What are the major segments for suicide drone market?
Answer: The future of the global suicide drone market looks promising with opportunities in the national defense and military exercise markets.
Q4. Who are the key suicide drone market companies?
Answer: Some of the key suicide drone companies are as follows:
• General Atomics
• Lockheed Martin
• Textron
• Boeing
• Kratos
• Aerovironment
• Northrop Grumman
Q5. Which suicide drone market segment will be the largest in future?
Answer: Lucintel forecasts that conventional suicide drone is expected to witness the higher growth over the forecast period.
Q6. In suicide drone market, which region is expected to be the largest in next 5 years?
Answer: North America 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 suicide drone market by type (conventional suicide drone and tiny suicide drone), application (national defense, military exercises, and others), 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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