Sellbyville, DE -- (SBWIRE) -- 10/17/2018 -- APAC Military Drone/UAV Market growth is attributed to the increasing demand for the drones from the developing economies including India and China. China accounts for more than 50% share in the Asia Pacific market, driven by the increasing investments by the Chinese government for the procurement of the drones. The government is focusing on enhancing the domestic production of drones to reduce the imports from the U.S.

North America is the leading region in the military drone/UAV market with the revenue share of over 70% in the year 2016. The growth of the market is attributed to the increasing adoption of the drone in the U.S. for the military and government application. Military Drone Market is estimated to surpass the fleet size of 18 thousand units with the revenue of over 13 billion by 2024. The increasing demand of the UAVs for combat and surveillance operations is the primary factor driving the market growth.

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The government across the countries are increasingly procuring the drones for enhancing their armed forces and safety and security. Moreover, the rise in internal and external threat across the globe and terrorist activities are also impacting the market to grow government sector. Furthermore, the rise in investment in the drone technology especially from developing economies for strengthening their military is increasing the need for drones.

The market size of the drone used for VLOS operation are estimated to grow with the CAGR of 16.4% during the forecast period. The growth of the market is attributed to the demand of the VLOS drone in government applications such as traffic monitoring, police operations & law enforcement, and firefighting & disaster management application. The maximum limit for VLOS is different in countries as specified by the local aviation authorities.

The drone with the payload between 25KG and 150KG is dominating the military drone/UAV market with more than 50% revenue share in the 2016. Their ability to perform critical missions such as surveillance mission, rescue operation, support to ground forces and traffic monitoring are the major factors augmenting their demand in the market. Furthermore, their high versatility and high tactical capabilities is also estimated to foster the demand.

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The demand from government applications, especially for traffic monitoring and police operation & law enforcement is driving the military drone/UAV market. The traffic departments around the world have started testing and deploying drones to monitor and manage urban traffic systems.

Drones used as UAVs or Remotely Piloted Aerial Systems (RPAS) by armed forces are making significant contributions to their warfighting capabilities. In war zones, drones enable enemy tracking, reconnaissance of unknown areas/buildings and force protection. As these machines are becoming increasingly smaller, quieter, lighter with better optics, increased battery-life, fuel capacity, and flight times, militaries are expected to deploy more drone-based attacks and defense systems to avoid the risk of harming human resources.

Some of the prominent vendors of the military drone/UAV market are BAE Systems Inc., Aerovironment Inc., Boeing, General Atomic, China Aerospace, Israel Aerospace Industries Ltd., Leonardo, Northrop Grumman, Textron Systems. and Lockheed Martin.

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