The Military Gliders and Drones Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Military Gliders and Drones Global Market Report 2024, The military gliders and drones market size has grown strongly in recent years. It will grow from $37.8 billion in 2023 to $41.33 billion in 2024 at a compound annual growth rate (CAGR) of 9.3%. The growth in the historic period can be attributed to tactical reconnaissance, target acquisition, cost savings, strategic intelligence, improved technology
The military gliders and drones market size is expected to see strong growth in the next few years. It will grow to $54.4 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to swarm technologies, counter-uas (unmanned aircraft systems), autonomous capabilities, ai and machine learning integration, hybrid propulsion systems. Major trends in the forecast period include stealth and low observability, vertical takeoff and landing (vtol) drones, anti-jamming and cybersecurity, multi-mission platforms, global collaboration.
Increasing funding for unmanned aerial vehicles, or drones, is projected to contribute to the growth of the military glider and drone market. The growing requirement for intelligence, surveillance, and reconnaissance assets has generated higher demand for military gliders and drones. The militaries are expected to spend around $98 billion on new intelligence gathering and strike capabilities. According to the Teal Group, global research and development and procurement spending on drones is estimated to rise from $11.1 billion in 2020 to $14.3 billion by the end of 2029. Research and development spending is expected to increase from $3.2 billion in 2020 to $4 billion by 2029, and procurement funding is likely to increase from $7.9 billion in 2020 to $10.3 billion by the end of 2029. Such investments in unmanned aerial vehicles, or drones, are expected to drive the military glider and drone market during the forecast period.
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The military gliders and drones market covered in this report is segmented –
1) By Type: Military Gliders; Military Drones
2) By Technology: Remotely Operated; Semi-Autonomous; Autonomous
3) By Application: Search and Rescue; National Defense; Military Exercises; Others
The military gliders and drones market report table of contents includes:
1. Executive Summary
2. Military Gliders and Drones Market Characteristics
3. Military Gliders and Drones Market Trends And Strategies
4. Military Gliders and Drones Market – Macro Economic Scenario
5. Global Military Gliders and Drones Market Size and Growth
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26. South America Military Gliders and Drones Market
27. Brazil Military Gliders and Drones Market
28. Middle East Military Gliders and Drones Market
29. Africa Military Gliders and Drones Market
30. Military Gliders and Drones Market Competitive Landscape And Company Profiles
Top Major Players:
- Schempp-Hirth Flugzeugbau GmbH
- China Aerospace Science and Industry Corporation
- Lockheed Martin
- Textron Systems
- BAE Systems Inc
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