The Business Research Company’s latest report Military Drones Global Market Report 2020 covers Military Drones market drivers, Military Drones market trends, Military Drones market segments, Military Drones market growth rate, Military Drones market major players, and Military Drones market size. The report provides in-depth analysis of the impact of COVID-19 on the Military Drones industry, along with revised market numbers due to the effects of the coronavirus.
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Military Drones Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global military drones market is expected decline from $13.55 billion in 2019 and to $11.83 billion in 2020 at a compound annual growth rate (CAGR) of -12.70%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and reach $20.16 billion in 2023 at CAGR of 19.45%.
The report covers the Military Drones market’s segments-
1) By Drone Type: MALE, HALE, TUAV, UCAV, SUAV.
2) By Type: Fixed-Wing, Rotary Wing, Hybrid.
3) By Technology: Remotely Operated, Semi-Autonomous, Autonomous.
4) By Application: Search and Rescue, National Defense, Military Exercises, Others.
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