PUBLISHER: Grand View Research | PRODUCT CODE: 1575068
PUBLISHER: Grand View Research | PRODUCT CODE: 1575068
The global combat drone market size was estimated at USD 1.32 billion in 2023 and is projected to grow at a CAGR of 15.7% from 2024 to 2030. The increasing demand for unmanned aerial vehicles (UAVs) for military operations, intelligence gathering, and surveillance is the major factor driving the market growth. Moreover, increasing military budgets amid ongoing geopolitical tensions and rising need to strengthen defense infrastructure are further driving the demand for combat drones, creating significant market growth. According to a report released by Stockholm International Peace Research Institute in 2024, the military expenditure across the globe reached USD 2443 billion in 2023, a 6.8% rise as compared to that in 2022.
The market growth is being further accelerated by the technological developments in terms of improvements in propulsion systems, such as electric and hybrid propulsion, that enhance endurance, speed, and maneuverability of drones. In addition, the introduction of advanced artificial intelligence and autonomous flight capabilities enables drones to operate with minimal human intervention. Besides, integration of cutting-edge sensors, high-resolutions cameras, thermal imaging, and robust communication systems in are expected to stimulate the demand for combat drones, proliferating the market expansion.
Advancements in autonomous flight and weaponization are significantly driving the market growth. The development of sophisticated artificial intelligence systems enables drones to operate with minimal human intervention, making them capable of executing complex missions independently. Moreover, the integration of advanced weaponry, such as precision-guided missiles and laser-guided bombs, has transformed combat drones into formidable military assets.
The market is witnessing high demand amid the growing prominence of Intelligence, surveillance, and reconnaissance (ISR) missions in the defense sector. The ability of drones to gather critical information and intelligence in real-time has become invaluable for military operations. Drone can be deployed to monitor enemy activity, identify potential threats, and gather intelligence on strategic targets. Their persistence, endurance, and ability to operate in challenging environments make them ideal platforms for ISR missions.
Global Combat Drone Market Report Segmentation
This report forecasts and estimates revenue growth at the global, regional, and country levels along with analyzes the latest market trends and opportunities in each one of the sub-segment from 2018 to 2030. For this study, Grand View Research has further segmented the global combat drone market report based on component, product, technology, payload capacity, power source, and region.