The global   military drone market share   was valued at USD 14.14 billion in 2023 and is projected to rise from USD 16.07 billion in 2024 to USD 47.16 billion by 2032, reflecting a CAGR of 13.15% during the forecast period. North America dominated the market in 2023 with a 36.1% share, driven by strong defense investments and the presence of leading manufacturers. In the U.S., the   military drone market share   is set for significant growth, expected to reach USD 10.71 billion by 2030, supported by rising R&D initiatives from key players such as Sikorsky, Boeing, and other domestic manufacturers.

This information is highlighted in Fortune Business Insights™ research report, titled   “Military Drone Market Size, Share, Forecast 2024–2032.”

List of Key Players Covered in the Military Drone Market Share Report:

• General Atomics Aeronautical Systems, Inc. (U.S.)
• Northrop Grumman Corporation (U.S.)
• Elbit Systems Ltd. (Israel)
• Israel Aerospace Industries Ltd. (Israel)
• AeroVironment, Inc. (U.S.)
• Lockheed Martin Corporation (U.S.)
• Thales Group (France)
• Boeing (U.S.)
• BAE Systems (U.K.)
• SAAB Group (Sweden)
• Textron Systems (U.S.)

Information Source:

https://www.fortunebusinessinsights.com/military-drone-market-102181

Segmentation of the Military Drone Market:

• By Product Type:   Fixed Wing, Hybrid, and Rotary Wing
• By Technology:   Remotely Operated, Semi-Autonomous, and Autonomous
• By Range:   Visual Line of Sight (VLOS), Extended Visual Line of Sight (EVLOS), and Beyond Line of Sight (BLOS)
• By System:   Airframe, Avionics, Propulsion (Electric Propulsion Engine, Turboprop Engine, Turboshaft Engine), Payload (Cameras, CBRN Sensors, EO/IR Payload, Radar, LiDAR, and Others), Software, and Other Components
• By Application:   Intelligence, Surveillance, Reconnaissance, and Targeting (ISRT), Combat Operations, Battle Damage Management, Logistics & Transportation, and Others
• By Region:
  • North America (U.S. and Canada)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific)
  • Rest of the World (Latin America and Middle East & Africa)

Report Coverage:
The report   on   military drone market share   provides comprehensive insights into market trends, growth drivers, restraints, and opportunities. It also highlights strategic moves such as mergers, acquisitions, and partnerships undertaken by leading players to expand their presence.

Drivers and Restraints Impacting the Military Drone Market:

• Driver:   Rising global military expenditure and increased procurement of next-generation drones are fueling market expansion.
• Restraint:   The high cost of advanced drone systems may limit adoption in cost-sensitive regions.

Regional Insights on Military Drone Market Share:

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  North America:   Expected to dominate due to the presence of leading OEMs and extensive defense modernization programs.

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  Europe:   Poised for strong growth, driven by enhanced military, naval, and air force capabilities.

• Asia Pacific:   Significant opportunities with rising defense budgets in China, India, and Japan.

Competitive Landscape:

Major companies in the   military drone market share   are pursuing partnerships, collaborations, and R&D initiatives to strengthen their foothold. Product innovation and advanced technology integration remain key strategies.

Key Industry Developments:

• February 2023:   The Indian Army announced plans to procure 850 indigenous nano drones for surveillance and counter-terrorism missions.
• February 2023:   The U.S. Air Force developed UAVs equipped with facial recognition technology, designed for autonomous intelligence gathering and mission-critical operations by special forces.