Northbrook, IL 60062 -- (SBWire) -- 12/18/2023 --The Combat Drone Market is valued at USD 7.2 billion in 2023 and is projected to reach USD 10.8 billion by 2028, at a CAGR of 8.6%.
As technology advances and regulations continue to evolve, the demand for combat drones is expected to grow further, enabling more efficient and effective responses to critical incidents. The flexibility and maneuverability of drones enable them to access hard-to-reach areas, providing critical support to first responders. As a result, combat agencies are increasingly adopting drones as essential tools for improving their operations and ensuring the safety of communities. Equipped with advanced sensors and cameras, they can detect hazards, locate missing persons, and assist in the management of critical incidents.
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The market for Hybrid in the type segment is projected to grow with higher CAGR.
Based on type, the Hybrid segment is projected to record high growth during the forecast period. Hybrid drones offer one significant advantage with their extended flight time and endurance. The increased flight time enables public safety agencies to cover larger areas. Hybrid unmanned aerial vehicles (UAVs) possess the capability to seamlessly transition between vertical takeoff and landing (VTOL) and horizontal flight, effectively amalgamating the agility of rotary-wing UAVs with the efficiency of fixed-wing UAVs. This inherent adaptability empowers them to flexibly accommodate evolving operational demands and adeptly navigate heterogeneous environments.
The market for the lethal segment in the application segment is projected to grow at the highest CAGR during the forecast period.
Based on the application segment, the combat drone market has been classified into lethal, stealth, loitering munition, and target drone. The loitering segment is to grow at the highest CAGR during the forecast period. Lethal drones or lethal autonomous weapons are autonomous military systems that can individually search for targets and destroy them based on programmed limitations and descriptions. A loitering munition drone can be described as an advanced, autonomous drone equipped with explosive payloads designed to loiter or hover over a designated area for an extended period. The loitering munition segment is further sub-segmented into recoverable and expendables.
North America is expected to lead the market during the forecast period.
North America is projected to lead the Combat drone market during the forecast period. The US is the largest market for Combat drones in North America. Collaboration between public safety agencies and private drone service providers has accelerated the adoption of combat drones in North America. Public-private partnerships have facilitated access to advanced drone technologies, expertise, and operational support for public safety agencies. The combination of a strong focus on public safety, supportive regulatory frameworks, technological innovation, diverse landscapes, and collaboration between sectors has contributed to the significant demand for combat drones in North America.
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Key Market Players
Operating in the Combat Drone Companies are Northrop Grumman Corporation(US), Raytheon Technologies Corporation(US), Israel Aerospace Industries Ltd.(Israel), General Atomics Aeronautical Systems(US), And Teledyne FLIR LLC. (US). They have an established portfolio of reputable products and services, a robust market presence, strong business strategies, a significant market share, products with wider applications, broader geographical use cases, and a larger product footprint.
Combat Drone Market Size, Share and Growth Analysis [2028]