The Global Military UAV Market 2016–2026
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The global military UAV market will be driven by internal and external security threats, territorial disputes, and modernization initiatives undertaken by armed forces across the world. Significant UAV customers include countries in the North American and Asia Pacific region, and the global UAV market will be dominated by the US throughout the forecast period. Asia Pacific’s share of the global UAV market is also projected to increase, largely due to a number of international territorial conflicts and insurgency issues.
Scope
• The global military UAV market values US$8.5 billion in 2016, and is expected to grow at a CAGR of 4.89%, to value US$13.7 billion by 2026
• North America is projected to dominate the market with a share of 32% over the forecast period, followed Europe at 31%, and Asia Pacific at 30%.The Middle Eastern market for UAVs is expected to account for a share of 4%, followed by the Latin American and African markets with a cumulative share of 2%
• HALE UAVs and UCAVs are expected to account for 34% and 29% of the global military UAV market respectively, followed by MALE UAVs, TUAVs, VTOL-UAVs, and MUAVs, with respective shares of 19%, 9%, 6% and 3%.
Reasons to Buy
Determine prospective investment areas based on a detailed trend analysis of the global military UAV market over the next ten years.
Gain in-depth understanding about the underlying factors driving demand for different UAV segments in the top spending countries across the world and identify the opportunities offered by each of them.
Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others.
Identify the major channels that are driving the global military UAV market, providing a clear picture about future opportunities that can be tapped, resulting in revenue expansion.
Channelize resources by focusing on the ongoing programs that are being undertaken by the internal ministries of different countries within the military UAV market.
Make correct business decisions based on thorough analysis of the total competitive landscape of the sector with detailed profiles of the top military UAV providers around the world which include information about their products, alliances, recent contract wins and financial analysis wherever available.
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