How big is the Military Unmanned Aerial Vehicles Market?

The Military Unmanned Aerial Vehicles Market size is expected to reach USD 8.74 billion in 2024 and grow at a CAGR of 11.71% to reach USD 15.20 billion by 2029. Read More

What is the current Military Unmanned Aerial Vehicles Market size?

In 2024, the Military Unmanned Aerial Vehicles Market size is expected to reach USD 8.74 billion. Read More

Which is the fastest growing region in Military Unmanned Aerial Vehicles Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Military Unmanned Aerial Vehicles Market?

In 2024, the North America accounts for the largest market share in Military Unmanned Aerial Vehicles Market. Read More

What years does this Military Unmanned Aerial Vehicles Market cover, and what was the market size in 2023?

In 2023, the Military Unmanned Aerial Vehicles Market size was estimated at USD 7.72 billion. The report covers the Military Unmanned Aerial Vehicles Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Military Unmanned Aerial Vehicles Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Military Unmanned Aerial Vehicles Market Share

Q: Who are the key players in Military Unmanned Aerial Vehicles Market?

Israel Aerospace Industries Ltd., General Atomics, China Aerospace Science, and Technology Corporation, AeroVironment, Inc. and Elbit Systems Ltd. are the major companies operating in the Military Unmanned Aerial Vehicles Market. Read More

Statistics for the 2023 & 2024 Military Unmanned Aerial Vehicles market share, created by Mordor Intelligence™ Industry Reports. Military Unmanned Aerial Vehicles share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Military Unmanned Aerial Vehicles Industry

The military UAV market is moderately fragmented due to the presence of many local players funded by the governments of the respective countries for the indigenous developments of UAVs for the military sector. Some prominent players in the military unmanned aerial vehicles market are Israel Aerospace Industries Ltd, General Atomics, China Aerospace Science Technology Corporation, AeroVironment Inc., and Elbit Systems Ltd.

Players in the UAV sector are bolstering their market shares through strategic investments and market expansions. The focus is on enhancing drone capabilities, with a notable emphasis on developing advanced payloads. These next-gen military UAVs are tailored for various missions, spanning combat and non-combat scenarios. Collaborations between industry players are on the rise, fostering technology exchange and streamlining development timelines.