FACTS AT A GLANCE
Edition: 8; Released: April 2021
Executive Pool: 673
Companies: 35 – Players covered include AAI Corporation — Textron Systems; AeroVironment, Inc.; Aeryon Labs Inc.; American Dynamics; BAE Systems; Boeing; Elbit Systems Ltd.; General Atomics Aeronautical Systems, Inc.; Israel Aerospace Industries Ltd.; Lockheed Martin Corporation; Northrop Grumman Corporation; Thales Group and Others.
Coverage: All major geographies and key segments
Segments: Type (Fixed-Wing, Rotary-Wing, Hybrid / Transitional); Application (Intelligence, Surveillance, Reconnaissance & Target Acquisition, Delivery & Transportation, Combat Operations, Battle Damage Management)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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ABSTRACT-
Global Military Drones Market to Reach $27.5 Billion by 2026
Amid the COVID-19 crisis, the global market for Military Drones estimated at US$14.8 Billion in the year 2020, is projected to reach a revised size of US$27.5 Billion by 2026, growing at a CAGR of 10.6% over the analysis period. Fixed-Wing, one of the segments analyzed in the report, is projected to record a 10% CAGR and reach US$11.6 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Rotary-Wing segment is readjusted to a revised 11.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $4.5 Billion in 2021, While China is Forecast to Reach $5.7 Billion by 2026
The Military Drones market in the U.S. is estimated at US$4.5 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.7 Billion by the year 2026 trailing a CAGR of 13.9% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.4% and 9.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 8.3% CAGR.
Hybrid / Transitional Segment to Reach US$7.5 Billion by the year 2026
In the global Hybrid / Transitional segment, USA, Canada, Japan, China and Europe will drive the 9.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$3.1 Billion in the year 2020 will reach a projected size of US$5.9 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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