Top Companies in Military Drone Market by Size, Share, Historical and Future Data & CAGR | Report by Vantage Market Research Market
Military Drone Market
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Market Overview
The Global Military Drone Market is valued at USD 13.4 Billion in 2021 and is projected to reach a value of USD 26.0 Billion by 2028 at a CAGR of 11.7% over the forecast period. The industry is growing as more military organizations worldwide use drones to enforce the law. In addition, rising government spending on Military Drones to improve military operations' efficiency increases demand for Military Drone manufacture. Therefore, the market for Military Drones is being driven by rising government spending on unmanned aircraft.
Vital factors such as the rising military budget, increased demand for better surveillance systems, and technological breakthroughs influence the global Military Drone Market.
The Military Drone industry in developed and developing nations has a strong product portfolio, which has helped to dominate the market. General Atomics Aeronautical Systems Inc. (GA-ASI) (US), Thales Group (France), Northrop Grumman Corporation (US), Israel Aerospace Industries Ltd. (Israel), Elbit Systems Ltd. (Israel), Lockheed Martin Corporation (US), AeroVironment Inc. (US), and Boeing (US) are among the leading market players that dominate the global Military Drone Market.
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Let’s Take a Look at the Top Market Players that are Captivating the Military Drone Market
In the upcoming years, a highly fragmented market is anticipated because of the increasing number of new players entering the drone business.
General Atomics Aeronautical Systems Inc. (GA-ASI)
This Company sells aircraft components. The company provides training and support services and manufactures remotely piloted aircraft systems, electro-optic, radars, and related mission systems. Customers are served in the US by General Atomics Aeronautical Systems.
Northrop Grumman Corporation
This Company specializes in security on a global scale. The business offers systems, goods, and services in electronics, information systems, technical assistance, and aerospace. Northrop Grumman caters to worldwide commercial and governmental clients.
Elbit Systems Ltd.
Elbit Systems Ltd. produces integrated defense systems and develops them. Additionally, the company creates, develops, produces, sells, and maintains military electronic systems and goods.
Israel Aerospace Industries Ltd.
Israel Aerospace Industries Ltd. produces aerospace and defense products for both the military and the civilian market. The company provides business jets, unmanned aircraft, and different technologies, such as airborne radars, defense electronics, and offensive and defensive naval weapons. Israel Aerospace Industries serve international customers.
AeroVironment Inc.
AeroVironment Inc. creates, develops, and manufactures quick charge systems for industrial electric vehicle batteries and tiny unmanned aircraft. The business sells sensors, missile systems, and long-range tracking antenna. AeroVironment sells products in the United States.
Lockheed Martin Corporation
A leader in worldwide security, Lockheed Martin Corporation focuses on the development, manufacturing, and integration of high-tech goods and services. Space, telecommunications, electronics, information and services, aviation, energy, and systems integration are all company activity areas. Lockheed Martin has a global presence.
Thales Group
Thales creates and manufactures electrical equipment for aerospace and military. Additionally, to provide signaling systems, telecommunications satellites, flight deck systems, navigation solutions, and avionics equipment, the company also offers air traffic management and maintenance services. Thales provides global aerospace, defense, transportation, and security services.
Boeing
The Boeing Company is a business that deals with aerospace. The industry creates, produces, and provides maintenance for commercial aircraft, space equipment, and defense goods. Boeing serves clients across the globe.
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