Military Drones Market

General Atomics Aeronautical Systems, Inc. (GA-ASI) (US), Northrop Grumman Corporation (US) are leading players in Military Drones Market

Unmanned Aerial Vehicles (UAVs), also known as drones, are remotely piloted aerial vehicles that have significant roles in the defense sector. The military drones market is projected to grow from USD 12.1 billion in 2018 to USD 26.8 billion by 2025, at a CAGR of 12.00% from 2018 to 2025. Growing use of UAVs to carry out advanced patrolling of marine borders and increasing defense spending of countries across the globe are fueling the growth of the military drones market.

General Atomics Aeronautical Systems, Inc. (GA-ASI) (US), Northrop Grumman Corporation (US), Elbit Systems Ltd. (Israel), Israel Aerospace Industries Ltd. (Israel), AeroVironment, Inc. (US), Lockheed Martin Corporation (US), Thales Group (France), and Boeing (US), among others are key players operating in the military drones market. These market players are focused on securing contracts to enhance their market presence and widen their customer base. These companies are also focused on increasing their investments in R&D activities to introduce new products in the military drones market.

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General Atomics is a key player in the military drones market. The company offers a wide range of UAVs that include tactical, Intelligence, Surveillance, and Reconnaissance (ISR), and combat UAVs. It designs and manufactures high-performance UAVs for the military sector. The company is focused on acquiring contracts from the US Government and signing agreements with other companies to enhance its revenue and strengthen its position in the military drones market. It also intends to expand its core business by developing new products in the military drones market. General Atomics has excellent R&D capabilities and a strong brand image in the military drones market. In May 2017, General Atomics received a contract worth USD 400.0 million from the US Air Force to develop 36 MQ-9 Reaper UAVs. This development strategy enabled General Atomics to strengthen its strategic position in the military drones market.

Northrop Grumman is one of the leading companies in the military drones market. It has earned its profitability through a strong customer base and a wide geographical presence. The company has invested in the development and procurement of new military platforms, along with advanced electronics and software to enhance the capabilities of its existing individual systems and provide real-time integration of multi-function unmanned systems. Northrop Grumman intends to dedicate its additional resources to expand its international sales with emphasis on Australia, the Middle East, Asia Pacific, and Europe through both, organic and inorganic growth strategies to capture maximum share in the global market. For instance, in July 2018, Northrop Grumman received a contract from the Australian Department of Defence to supply Triton aircraft systems to be used in the maritime patrol and surveillance operations. These systems are expected to be used by the Royal Australian Air Force (RAAF) to carry out maritime missions.

Related Reports:

Military Drones Market by Type, Application (ISRT, Delivery and Transportation, Combat Operations, Battle Damage Management), Range (VLOS, EVLOS, BLOS), Propulsion Type, Launching Mode, Endurance, MTOW, Region - Global Forecast to 2025

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Report Code
AS 6717
RI Published ON
10/30/2018
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