PUBLISHER: 360iResearch | PRODUCT CODE: 1499407
PUBLISHER: 360iResearch | PRODUCT CODE: 1499407
[181 Pages Report] The Combat Drone Market size was estimated at USD 8.06 billion in 2023 and expected to reach USD 8.73 billion in 2024, at a CAGR 8.46% to reach USD 14.25 billion by 2030.
Combat drones, also known as unmanned aerial vehicles (UAVs) or unmanned combat aerial vehicles (UCAVs), represent a key advancement in modern military technologies. They are automated, remote-controlled air vehicles that play a vital role in performing highly risky reconnaissance missions, delivering tactical strikes, and conducting defense operations. Combat drones are equipped with sophisticated surveillance systems, GPS, infrared cameras, and sometimes armament for performing precise strikes. Combat drones have gained substantial development due to digitization and automation in defense technology coupled with nations striving to strengthen their defense capabilities. There has been an increase in the demand, particularly for precision, long-endurance capabilities, and forceful strike ability in military operations, which significantly drives growth in this market. However, operational limitations of combat drones have impeded the product adoption. Market players are working on expanding the designs and models of combat drones to address these issues. AI technology allows drones to carry out tasks such as targeting and tracking opponents more effectively, while also avoiding obstacles and enemy fire, increasing their effectiveness on the battlefield.
KEY MARKET STATISTICS | |
---|---|
Base Year [2023] | USD 8.06 billion |
Estimated Year [2024] | USD 8.73 billion |
Forecast Year [2030] | USD 14.25 billion |
CAGR (%) | 8.46% |
Regional Insights
In the Americas, combat drones represent a significant portion of the defense sector. The U.S. and Canadian military use various types of drones for surveillance, reconnaissance, and combat operations. North America leads global production in this segment, housing some of the world's major drone manufacturers. Asia, specifically China, and India, are rapidly progressing in the drone landscape. China and India are undertaking substantial domestic production of drones, mainly for surveillance. In Europe, the interest and investment in combat drones have significantly amplified over the years. Countries such as the UK, France, and Italy extensively use American and Israeli UCAVs. R&D initiatives such as the nEUROn project indicate Europe's steps towards improving autonomous capabilities. The Middle East presents a diverse picture of combat drone adoption. Israel is a global leader in the drone market, producing renowned models and exporting to numerous countries worldwide. Nations such as Iran and the UAE have started domestic production fuelled by geopolitical tensions. Saudi Arabia and Iraq primarily rely on American and Chinese UCAVs for their operations, focusing less on indigenous production.
Market Insights
The market dynamics represent an ever-changing landscape of the Combat Drone Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
FPNV Positioning Matrix
The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Combat Drone Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Combat Drone Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Recent Developments
BAE Systems, QinetiQ sign pact on drone collaboration
BAE Systems and QinetiQ have established a partnership through a formal framework agreement aimed at fostering collaboration in the field of aerial drones and mission management systems. The major product of this partnership is the development of the Jackdaw drone platform, which has the capacity to facilitate reconnaissance, electronic warfare, and airborne decoy services. [Published On: 2023-09-12]
Mohajer-10 drone launch: Iran unveils its latest attack drone
Iran launched the Mohajer-10, its newest addition to an already extensive arsenal of attack drones. The Mohajer-10 drone represents the latest in a series of advancements that reflect Iran's commitment to self-reliance in defense technology. The continued evolution of Iran's military assets, especially in unmanned aerial systems, stands as a testament to the nation's growing prowess in the field of military advancements. [Published On: 2023-08-23]
Hungary to Produce Combat Drones in Cooperation With Israel and Germany, Orban Says
Hungary announced a collaborative initiative to enhance its military capabilities by entering into an agreement to produce advanced combat drones. The project sees Hungary partnering with UVision, an Israeli defense technology firm, alongside an undisclosed German company. This move aligns with the broader strategy of increasing defense autonomy and technological advancement, consolidating Hungary's position in the realm of international defense and military readiness. [Published On: 2023-08-18]
Strategy Analysis & Recommendation
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Combat Drone Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
Key Company Profiles
The report delves into recent significant developments in the Combat Drone Market, highlighting leading vendors and their innovative profiles. These include Aerovironment, Inc., Airbus SE, Anduril Industries, Inc., Asteria Aerospace Limited, Autel Robotics Co., Ltd., BAE Systems PLC, Elbit Systems Ltd., Griffon Aerospace, Israel Aerospace Industries Ltd., Kratos Defense & Security Solutions, Inc., Leidos, Inc., Leonardo S.p.A., Lockheed Martin Corporation, Northrop Grumman Corporation, Rafael Advanced Defense Systems Ltd., Robotican Corporation, RTX Corporation, Saab Group, Safran Group, Shield AI, Skydio, Inc., SZ DJI Technology Co., Ltd., Teal Drones, Inc., Teledyne FLIR LLC, Textron Inc., Thales Group, and The Boeing Company.
Market Segmentation & Coverage