Combat Drone Market Size is estimated to grow at a CAGR of 9.2% during the forecast period


Posted August 10, 2023 by Jameslin

The military drone business is a quickly expanding industry with a ton of room for expansion and innovation in the future.

 
The military drone business is a quickly expanding industry with a ton of room for expansion and innovation in the future. The combat drone market was estimated to be worth USD 1.8 billion globally in 2022. From 2023 to 2030, it is expected to expand at a CAGR of 9.2%, driven by a combination of technological advancements, operational advantages, cost-effectiveness, and shifting security requirements.
A form of unmanned aircraft used for military and defense missions is the unmanned combat aerial vehicle (UCAV), also referred to as a combat drone or military drone. Contrary to typical manned aircraft, combat drones are piloted remotely by humans or are equipped with artificial intelligence and pre-programmed flight patterns to enable autonomous flight. They come in a range of sizes and designs, from small hand-launched weapons to large, long-range systems.

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Combat Drone Market Growth Drivers:
The performance and capacities of combat drones have been improved through advances in materials, component downsizing, cutting-edge sensors, artificial intelligence (AI), and data processing capabilities. These developments have produced drones that are more autonomous, have greater endurance and range, and can transport more complex payloads like cutting-edge sensors and precision-guided weapons.
Combat drones are frequently regarded as more economical than conventional manned aircraft. Less money is needed for crew training and maintenance of the pilot life support systems. Drones' low cost makes it possible to buy and use a greater number of them, which is what further fuels the market's expansion.
Combat Drone Market Segmentation:
• By Engine Type:
o Turboprop Engine
o Piston Engine
o Jet Engine
• By Drone Type:
o Fixed Wing Drones
o Rotary Wing Drones
o Hybrid Drones
• By Platform:
o Small
o Tactical
o Strategic
• By Launching Mode:
o Air Launched Effect
o Catapult Launcher
o Vertical Take-Off
o Automatic Take-Off & Landing
o Hand Launched
• By Application:
o Attack
o Surveillance
• By Region:
o North America
o Europe
o Asia-Pacific
o Latin America
o Middle East & Africa
Combat Drone Market Key Global Players:
Numerous players are vying for market share and investing in new technologies and product development to stay ahead of the curve in the market. Several key global players in the combat drone market include:
· Baykar Defense
· Chengdu Aircraft Industry Group
· Northrop Grumman
· General Atomics Aeronautical Systems
· Raytheon Technologies
· Israel Aerospace Industries, Inc.
· China Aerospace Science and Technology Corporation
· Turkish Aerospace Industries
· Other Players
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xResearch is a market research and consulting organization that uses unique data, expert analysis, and new technologies to create trusted intelligence on industries. Our research is focused on delivering an informed and impartial view on essential market data of industry, and it is primarily driven by an in-depth study covering the following parameters: Market Sizing and Forecasting, Market Segmentation, Competitive Analysis, Strategic Assessment and Business Modelling.

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Issued By James
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Categories Aerospace , Defense , Technology
Tags combat drone market , combat drone market size , combat drone market share , combat drone market growth
Last Updated August 10, 2023