The Defense Drone Global Market Report 2023, provides comprehensive information on the defense drone market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Defense Drone Global Market Report 2023, the market size is expected to grow from $10.41 billion in 2022 to $11.18 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global defense drone market is expected to grow to $14.57 billion in 2027 at a CAGR of 6.8%.
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Product innovations are a key trend gaining popularity in the defense drone market. Major companies operating in the defense drone market are focused on developing innovative solutions to strengthen their position in the market. For instance, in November 2020, Elistair, a France-based maker of automated tethered drone systems, introduced the Orion 2 tethered drone for military, government, and industrial purposes. The Orion 2 hexacopter is a tethered drone with up to 24 hours of continuous monitoring. It is lightweight, sturdy, ruggedized, and redundant at every level. Furthermore, with its 330-foot (100-meter) micro-tether and 2 kg (4.5 pounds) payload. In addition, the Orion 2 can simultaneously broadcast georeferenced electro-optical and infrared images.
The defense drone market is segmented:
1) By Product: Fixed-Wing Systems, Multirotor Systems, Other Products
2) By Range: Short Range, Medium Range, High Range
3) By Payload: Small Drones, Medium Drones, Large Drones
4) By Application: Intelligence, Surveillance Reconnaissance and Targeting (ISRT), Combact Operations, Other Applications
North America was the largest region in the defense drone market in 2022.
The table of contents in TBRC’s defense drone market report includes:
1. Executive Summary
2. Defense Drone Market Characteristics
3. Defense Drone Market Trends And Strategies
4. Defense Drone Market – Macro Economic Scenario
5. Defense Drone Market Size And Growth
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26. Africa Defense Drone Market
27. Defense Drone Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Defense Drone Market
29. Defense Drone Market Future Outlook and Potential Analysis
30. Appendix
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