Military Unmanned Aerial Vehicle (UAV) Market Size and Trend Analysis including Segments (Medium-Altitude Long-Endurance, High-Altitude Long-Endurance, Tactical UAV and Others), Key Programs, Competitive Landscape and Forecast, 2022-2032

The global military unmanned aerial vehicle market size is $7.9 billion in 2022. The market is expected to grow at a CAGR of more than 4% between 2022 and 2032. The Asia-Pacific region, supported by China, India, Australia, Japan, and South Korea, with their multi-year procurement programs, is expected to lead the investment in the sector globally, exhibiting a steady pace of growth over the forecast period.

The global military unmanned aerial vehicle market research report provides a detailed analysis of the global military unmanned aerial vehicle market from 2022 to 2032, including highlights of the demand drivers and growth stimulators. It also provides a snapshot of the spending and modernization patterns of different regions around the world.

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Global Military UAV Market Drivers

High and low-intensity global conflicts in recent years have demonstrated the evolving role of UAVs in modern warfare. As the Ukraine crisis is showing no signs of decreasing, many countries which are bordered by Russia and Ukraine are arming themselves for a possible escalation of the conflict. Major countries such as Germany, France, Spain, and Italy are investing in “Eurodrone” for sharing joint defense capabilities against a common threat. Therefore, the increase in the range, combat, and surveillance functions of modern UAVs is considered ideal not only for keeping a check on the internal security of a nation but also on regional security.

The geopolitical tensions in the Asia-Pacific are driving major countries like China, Japan, India, and Australia to invest in acquiring combat UAVs to assert their technological dominance over their adversaries. To counter the rising Chinese military hegemony in the Asia-Pacific region countries like Taiwan, Japan, Thailand, and South Korea have initiated acquisition programs for advanced MALE combat UAVs.

Regional-Level Outlook in the Global Military UAV Market

The key regions in the global military unmanned aerial vehicle market are Asia-Pacific, North America, Europe, the Middle East, Africa, and Latin America. The global military unmanned aerial vehicle market is expected to be led by Asia-Pacific. The region’s spending is projected to be dominated by China, followed by countries such as India, Australia, and Japan.

Global Military UAV Market Analysis by Regions

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Key Segments in the Global Military UAV Market

The key segments in the global military unmanned aerial vehicle market are MALE, HALE, TUAV, loitering munition, and target drones. The MALE segment has the largest share in terms of value.

Major players like Boeing, General Atomics, Israel Aerospace Industries (IAI), Northrop Grumman, BAE Systems, the Aviation Industry Corporation of China (AVIC), AeroVironment, Inc., Rafael Advanced Defense Systems, Kratos Defense & Security Solutions, and Turkish Aerospace Industries (TAI) are currently working on sophisticated UAV platforms that are at an advanced level of UAV design and application. In the Asia-Pacific region, the indigenous development of MALE UAVs by countries such as India, China, and South Korea has emerged as a key source of sustained investment for the MALE UAV segment.

Global Military UAV Market, by Segments

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Key Companies in the Global Military UAV Market

Some of the major companies in the global military unmanned aerial vehicle market are Aviation Industry Corporation of China, The Boeing Co, Northrop Grumman Corp, General Atomics, Elbit Systems Ltd, Turkish Aerospace Industries Inc, and National Chung-Shan Institute of Science and Technology.

Market Report Overview

Scope

• Recent developments and industry challenges: Insights into technological developments and a detailed analysis of the existing military unmanned aerial vehicle projects being executed and planned worldwide. It also provides trends of the changing industry structure and the challenges faced by industry participants.
• Regional highlights: the study of the key markets in each region, providing an analysis of the key segments of the market that are expected to be in demand.
• Major programs: details of the key programs in each segment, which are expected to be executed during 2022-2032.
• Competitive landscape and strategic insights: analysis of the competitive landscape of the global military unmanned aerial vehicle market. It provides an overview of key players, their strategic initiatives, and financial analysis.

Reasons to Buy

• Determine prospective investment areas based on a detailed trend analysis of the global military unmanned aerial vehicle over the next ten years
• Gain an in-depth understanding of the underlying factors driving demand for different military unmanned aerial vehicle segments in the top spending countries across the world and identify the opportunities offered by each of them
• Analyze the market in terms of demand drivers, industry trends, and the latest technological developments, among others
• Identify the major countries that are driving the global military unmanned aerial vehicle market, providing a clear picture of future opportunities that can be tapped, resulting in revenue expansion
• Channelize resources by focusing on the ongoing programs that are being undertaken by the defense ministries of different countries within the global military unmanned aerial vehicle market
• Make correct business decisions based on an in-depth analysis of the competitive landscape consisting of detailed profiles of the top military unmanned aerial vehicle manufacturers around the world. The company profiles also include information about the key products, alliances, recent contracts awarded, and financial analysis, wherever available