Military Unmanned Aerial Vehicle Market Expansion In The Near Future At A CAGR Of 7.80% During The Forecast Period 2023 To 2032

Growing geopolitical tensions and conflicts around the globe is expected to drive market expansion in the near future at a CAGR of 7.80% during the forecast period 2023 to 2032.

Market Research Future (MRFR) has published a cooked research report on the “Global Military Unmanned Aerial Vehicle Market” that contains information from 2018 to 2032. The military unmanned aerial vehicle market is estimated to register a CAGR of 7.80% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global military unmanned aerial vehicle market - China Aerospace Science and Technology Corporation, Aeronautics Ltd, General Atomics, BAYKAR, Safran SA, Leonardo SpA, Textron Inc., Israel Aerospace Industries (IAI), Elbit Systems Ltd, AeroVironment Inc., The Boeing Company, Lockheed Martin Corporation, Northrop Grumman Corporation, and Saab AB.

Market Highlights

The global military unmanned aerial vehicle market is accounted to register a CAGR of 7.80% during the forecast period and is estimated to reach USD 25.163 billion by 2032.

The increase in military spending and the growing need for better surveillance solutions have driven the rise of the global market for military unmanned aerial vehicles. Furthermore, the development of military unmanned aerial vehicles (UAVs) of the latest generation is not expected to cease and might perhaps accelerate in the future. Real-time information can be the most effective self-defense tool available to warfighters, commanders, and troops in order to succeed in crucial military operations. Therefore, they need to have superior tactical information, surveillance, and reconnaissance in order to customize their reaction to the threat. Due to this, armed forces all over the world are becoming more and more in need of military UAVs, which is propelling the market's expansion.

Segment Analysis

The global military unmanned aerial vehicle market has been segmented into type and application.

On the basis of type, the market is segmented into Fixed-wing and VTOL. The fixed-wing segment was attributed to holding the largest market share in 2022. Fixed-wing drones take off using their wings in the same manner as airplanes. Although their wings give them the vertical lift they need to fly, engines are needed for forward propulsion. Compared to rotary-wing drones, fixed-wing UAVs can fly farther. The main areas of difference are in applications, endurance ranges, and payloads.

Based on application, the global military unmanned aerial vehicle market has been segmented into Combat and Non-Combat. The combat segment was expected to hold the largest market share in 2022. The primary factors propelling the expansion of the combat category are the strategic and operational benefits that come with unmanned unmanned aerial vehicles (UCAVs). These advantages, which include reduced costs, increased dependability, and reduced operational risk, are matched by the platform's capacity to project power through either deniability or by making UCAVs available to allies and proxies. The necessity for more combats is fueled by growing aerial tactical strength requirements as well as escalating political and regional tensions.

Regional Analysis

The global military unmanned aerial vehicle market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe military unmanned aerial vehicle market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The military unmanned aerial vehicle market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World military unmanned aerial vehicle market comprises of Middle East, Africa, and Latin America.

The largest market share for military unmanned aerial vehicle was maintained by the North American region. The need for more advanced ISR capabilities, more funding for military modernization initiatives, and a rise in the use of unmanned aerial vehicles for law enforcement and homeland security are some of the causes propelling the growth. Significant breakthroughs in drone technology led to developments inside the US military, and increased spending by major regional players stimulated market expansion.

Moreover, the Europe market has been persistently growing over the forecast period due to growing awareness of the need to enhance military capabilities, including the air force and navy. In the near future, European nations including the United Kingdom, Germany, and France will be vying for tiny and tactical military unmanned aerial vehicle to improve their ISR capabilities.

Additionally, Asia Pacific is anticipated to experience the quickest growth over the forecast period because the majority of the region's governments are rapidly acquiring military unmanned aerial vehicles. The ongoing conflict between Russia and Ukraine has caused the armed forces in the region to prioritize the purchase of military unmanned aerial vehicle, which will fuel the expansion of the regional market over the projected period.

Furthermore, the rest of the world's military unmanned aerial vehicle market is divided into the Middle East, Africa, and Latin America. The expansion of the market in the rest of world can be ascribed to the increase in military spending by nations to strengthen their defense capabilities. The military unmanned aerial vehicles have been used to guard these countries' borders as a result of political unrest.

Key Findings of the Study

• The global military unmanned aerial vehicle market is expected to reach USD 25.163 billion by 2032, at a CAGR of 7.80% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market because military unmanned aerial vehicles are being acquired by most of the governments in the region at a rapid pace.


• Based on application, the combat segment was attributed to holding the largest market in 2022, with an approximate market share of 65%.


• China Aerospace Science and Technology Corporation, Aeronautics Ltd, General Atomics, BAYKAR, Safran SA, Leonardo SpA, Textron Inc., Israel Aerospace Industries (IAI), Elbit Systems Ltd, AeroVironment Inc., The Boeing Company, Lockheed Martin Corporation, Northrop Grumman Corporation, and Saab AB.