Global Military Surveillance Drones Market to Grow at 11.96% CAGR through 2023

LONDON, BIOT - Nov. 23, 2017 - PRLog -- The military surveillance drones market is very dynamics and is anticipated to rise at a high rate in the foreseeable future. This market is spurred by different factors like increasing number of both external and internal security threats as well as enhancing need for development of next-generation drones and for border monitoring, amidst others.

Drones are recognised as the next generation of aerial platforms that are being deployed by the defense ministries worldwide. the demand for these unmanned systems has been driven by their successful deployment during various combat missions, especially in such countries as Afghanistan and Iraq.

During the past recent years, there has been an uptake in the number of conflicts in different parts of the world, for instance, the conflict over Crimea between Russia and Ukraine, battle between China and South Korea for supremacy in the South China Sea territory, sea border dispute between Nicaragua and Colombia, and maritime disputes between Guyana and Venezuela. Under such conditions, the need to update border surveillance systems is rapidly rising.

In the past year, the global military surveillance drones market was dominated by the North American region with a share of 54.3%, followed by the European region with a share of 22.2%.

The world's market for military surveillance drones is predicted to expand at a 11.96% CAGR over 2017-2023.

The top players active in the global military surveillance drones market include Airbus Corporation, Boeing, Lockheed Martin, Thales Group, Northrop Grumman Corporation, Elbit Systems, Israel Aerospace Industries, Saab Group, AeroVironment and General Atomics.

In-demand research report "Military Surveillance Drones Market Research Report - Global Forecast To 2023 (https://marketpublishers.com/report/it-technology/hardwar...)" prepared by Market Research Future (MRFR) is a reliable source of top-level data on the global military surveillance drones market performance (historical and present), current scenario, dynamics (with details on the key growth influencing factors), landscape and prevailing trends. This report reviews the present situation across the major geographical markets, characterises the competitive environment and profiles top market participants. Besides, this report presents a detailed assessment of the key market segments on the basis of types, payloads and regions. Additionally, this study gives a look at the possible future development of the military surveillance drones with detailed forecasts up till 2023.

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