Military Drone Market | Exactitude Consultancy Reports

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The global military drone market is projected to reach USD 21.93 billion by 2029 from USD 9.30 billion in 2020, at a CAGR of 12.56 % from 2022 to 2029.

Military drones are unmanned aerial vehicles that carry out a variety of missions such as intelligence gathering, surveillance, remote sensing, target monitoring, and combat. Drone pilots are the people who operate these vehicles remotely. Military drones are used to gather intelligence on enemy movements, to scout during firefights, and to aid in manhunts. Furthermore, military drones are effective because they are less expensive than traditional military weapons and have become more accurate.Drone technology has grown rapidly in recent years as a result of continuous research and development and innovation to improve capabilities. Numerous drones are outfitted with cutting-edge sensors, LiDAR, GNSS, high-tech cameras, thermal imaging systems, and infrared imaging systems. The most advanced drones are outfitted with multiple sensor systems, including communication intelligence sensors, air-to-air missiles, and a global mobile communication system (GSM). The most advanced unmanned aerial vehicles can now carry multiple payloads connected to large sensors and an internal weapons bay.

Segment Analysis
On the basis of product type, the market is divided into fixed wing, hybrid wing, and rotary wing. The fixed-wing segment is expected to dominate the military drone market in 2021 and continue to do so throughout the forecast period. Fixed-wing aerial vehicles can typically carry larger payloads over longer distances and with less power than VTOL (Vertical Take-off and Landing) UAVs. This makes them ideal for long-distance missions such as mapping, surveillance, and defense, where long endurance is critical, and they are thus widely used in the defense sector by various armed forces around the world. These factors are expected to drive segment growth over the forecast period.

The rotary-wing segment is expected to grow significantly in the coming years due to the increased development of quad-copters. In tactical operations, rotary wing drones are used for Intelligence, Surveillance, and Reconnaissance (ISR) missions.

In terms of range the market is divided into the Extended Visual Line of Sight (EVLOS), Visual Line of Sight (VLOS), and Beyond Line of Sight (BLOS). The EVLOS segment is expected to grow at a rapid CAGR during the forecast period due to the widespread use of EVLOS UAVs in proper battle management, electronic warfare, and long-range missions to collect critical information.

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