Military Drone market size, share, trends, forecast 2028

BANGALORE, India - March 30, 2022 - PRLog -- Due to the COVID-19 pandemic, the global Military Drone market size is estimated to be worth US$ 11770 million in 2022 and is forecast to a readjusted size of US$ 17270 million by 2028 with a CAGR of 6.6% during the review period.

Fully considering the economic change by this health crisis, Fixed Wing accounting for % of the Military Drone global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Search and Rescue segment is altered to an % CAGR throughout this forecast period.

Military drone is an aircraft that does not require human pilot onboard, and is mainly used for military purposes.

Northrop Grumman is the leading manufacturer in the global military drone market with the market share of about 34.5%.

In terms of production side, this report researches the Military Drone capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.

In terms of sales side, this report focuses on the sales of Military Drone by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.

The authors of this research report have explored the key segments: Type and Application. The report offers an in-depth breakdown of type and application segments and their sub-segments. The lucrativeness and growth potential have been looked into by the industry experts in this report. This section of the report also provides sales and revenue forecast data by type and application segments based on sales, price, and revenue for the period 2017-2028. The specialists, to broaden the understanding of the users, have done value chain and raw material analysis in this section.

Military Drone Market Segment By Type

• Fixed Wing
• Rotary Wing

Military Drone Market Segment By Application

• Search and Rescue
• National Defense
• Military Exercises
• Others

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