Military Surveillance Drone Market Research Report Information - Global Forecast to 2027

Military Surveillance Drone Market: Information by Drone Type (Fixed Wing Drone, Rotary Blade Drone and Hybrid Drone), Payload (Electro-Optic/Infrared Sensor, Cameras, Electronic Intelligence, Maritime Patrol Radar and others), Technology (Hardware and Software) and Region (North America, Europe, Asia-Pacific, Middle East and Africa and Latin America) - Forecast till 2030

ID: MRFR/A&D/3006-CR | August 2019 | Region: Global | 140 Pages         

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Military Surveillance Drone Market

Military Surveillance Drone Market Size Valued at USD 2896 Million, market Grow at a CAGR Of 11.96% by 2020 -2030

Segmentation
By Drone Type Fixed Wing Drone Rotary Blade Drone Hybrid Drone
By Payload Electro-Optic/Infrared Sensor Cameras Electronic Intelligence Maritime Patrol Radar others
By Technology Hardware Software
Key Players
Companies Profiled   Boeing Airbus Corporation   Lockheed Martin   Northrop Grumman Corporation   Thales Group   Saab Group
Drivers
Market Driving Forces   Flow of increased defense budget into the research and development of UAVs and drones
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Military Surveillance Drone Market Overview


Military Surveillance Drone Market Size Estimated at USD 2896 Million, market Reach at a CAGR Of 11.96% by 2020 -2030


The Military Surveillance Drone Market is a new and promising market that is emerging in the defense field. Military surveillance is a primary area of defense and national security for countries. However, the use of drones for military surveillance is a completely novel area of surveillance. Drones are pilotless devices capable of flying through remote control. The use of drones gives an advantage of surveillance with minimal human intervention. The use of drones has been in civilian use for delivery and other recreation activities. Drones have the distinct advantage of being discreet and lightweight. Advanced drones are great for aerial and remote surveillance. The use of drones for military surveillance decreases the risk of loss of human lives. 

Military surveillance has gained importance in recent times as countries try to avoid major confrontations while keeping an eye on threats and neutralizing them. The major concern of countries now is to strengthen defense and national security with the help of technology. The use of advanced technology like drones reduces the risk of damage to human lives while increasing national security. Drones can be used for cross-border surveillance while civilian space surveillance. Internal threats like terrorist activities and attacks can be nullified with the help of drones. 


The Military Surveillance Drone Market has high growth prospects in the future. It will grow at a growth rate that surpasses double digits in the forecast period. The market has huge potential of being a primary market like arms and ammunition for defense. Most countries are channeling their defense budget into creating more advanced surveillance drones and Unmanned Aerial Vehicles (UAV) for use on a large scale. Most developed countries are already putting Military Surveillance Drones to use to strengthen national security. 


 


COVID 19 Impact 


The COVID 19 pandemic has been a litmus test for every sector of industry. The impact of the COVID 19 pandemic has been profoundly felt on every sector of industries globally. Even the Military Surveillance Drone Market has seen the impact of the COVID 19 pandemic. In the immediate aftermath of the COVID 19 pandemic, the Market saw a sharp decline in drone research, development, and manufacturing because of COVID 19 lockdowns and restrictions. As nations channeled most of their budgets into COVID 19 combat and economic recovery, the Military Surveillance Drone Market value dropped drastically.


Production rate and its implementation in military exercises also dropped. However, in the post-pandemic phase, the Market will see great prospects of Market Growth because of a refocusing on strengthening national security by different national governments. In the same way, military surveillance and allied research will pick up the pace, which can lead to a higher CAGR over the next few years. 


Market Dynamics 



  • Key Drivers¬†


Many major drivers of growth in the Market influence Market Growth. One major driver is the flow of increased defense budget into the research and development of UAVs and drones. Rising concerns against national security due to external threats make Military Surveillance through drones a must. The monitoring of internal and external threats with technology is a driver for the Military Surveillance Drone Market. For example, the USA increased its spending on national security and defense research by 5.3 percent in 2019. 



  • Significant opportunities¬†


The use of drones in counter-terrorism activities is an opportunity for expanding the Market. Drones are not used by every country now. However, terrorism is a very present and rising threat for the present global community. The use of drones in surveillance and neutralization of such threats increases the use of drones in the defense sector. As internal security is strengthened, we can see significant growth in Military Surveillance Drone Market. 



  • Major restraints¬†


There are some restraints against the use of drones for defensive purposes. For example, central regulations that govern the use of drones and restrict their use in the defense sector act as restraints on the Market. The use of Military Surveillance Drones is a very sensitive topic because the consequences have not been fully understood. 



  • Major Challenges¬†


Major challenges in the Market are the staggered Military Surveillance Drone Market growth trends. Although Military Surveillance Drones are an emerging sector, not every country is capable of developing these Military Surveillance Drones. The Market Growth trends are therefore not uniform over the globe. The Military Surveillance Drone technology remains to be very novel. 


Cumulative Growth Analysis 


The CAGR projected in the Market forecast is a healthy double-digit one that promises great potential in the discussion. 


Segment overview


The Military Surveillance Drone Market Size disperses over different industrial segments that together make the global market. The study of Market share by industrial segments projects major growth trends for the entire market. The major segments for the Market are as follows- 


By drone type, the Market is divided into Fixed Wing Drone, Rotary Blade Drone, etc. By payload type, the Market divides into Infrared Sensors, Camera, Electronic Intelligence, Maritime Patrol Radar, etc. By technology that supports Military Surveillance Drones, the market divides into hardware and software. These are the major segments of the Military Surveillance Drone Market. By type, the Fixed Wing drone has the highest Market share in the revenue. The regional distribution of the Market is discussed in the next section. 


Regional Analysis 


The Market disperses over different regions of the globe depending on Military Surveillance Drone Market demand and the presence of key players. The major regional markets of the Market are North America, Europe, Asia Pacific, Middle East, and Africa, Latin America. In the last few years, the biggest regional market has been North America. The North American region will continue to see a high growth rate in the next few years. However, the highest Market demand will come from the APAC region as countries like China, Japan, and India invest in Market Research. Other regions will also contribute significantly to the collective growth of the Military Surveillance Drone Market. 


Competitive Landscape 


The competitive landscape of the Market is dotted with key players of the market. The key players introduce new models and trends into the Market. The key players of the Military Surveillance Drone Market are as follows- 



  • Boeing Airbus Corporation¬†

  • Lockheed Martin¬†

  • Northrop Grumman Corporation¬†

  • Thales Group¬†

  • Saab Group¬†


The analysis of competitors in the market is necessary for Military Surveillance Drone Market, so that dominant trends of the market are understood clearly. 


Recent developments 


There are many recent developments in the market that pave the way for future growth. The key stakeholders of the market are investing in research, development, and large-scale manufacturing of drones for military surveillance. For example, in December 2020, the BAE systems partnered with UAVTEK and created Nano Bug drones. These Nano Bug drones could be used for use in stealth patrol on borders. 


Report Overview  


The Military Surveillance Drone Market Research Report summary is as follows- 



  • Market Overview

  • COVID 19 Analysis

  • Market Dynamics

  • Segment Overview

  • Regional Analysis

  • Competitive Landscape

  • Recent Developments


The Military Surveillance Drone Market Research Report is a complete, concise report on the present condition of the market and its past influences that discuss the market’s prospects in view. With the help of an analysis of current conditions and segmentation, the Market research report projects the Market Growth trends for the forecast period. The Market report discusses the different drivers, factors, and opportunities in the market. The Market Research report also discusses many restraints and challenges present in the market. The Market Research report also highlights the impact of the recent COVID 19 pandemic and its future consequences. The Market Research report includes industrial segmentation and regional market analysis of the global market. The Market Research report also includes the competitive landscape and recent developments in the present market. By reading this report, the reader will be able to gain insights into the Market and look deeper into the prospects of the market. 



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Frequently Asked Questions (FAQ) :

Military surveillance drone market can rise at 11.69% CAGR by 2025.

Elbit Systems Ltd (Israel), Thales Group (France), and Saab Group (Sweden), are some well-established military surveillance drone market players.

Expansion of maritime patrol to favor military surveillance drone market.

North America military surveillance drone market value can rise in near future.