The military drone market was valued at USD 14.14 billion in 2023 and is expected to expand from USD 16.07 billion in 2024 to an impressive USD 47.16 billion by 2032, reflecting a robust CAGR of 13.15% over the forecast period. North America led the market in 2023, holding a dominant share of 36.1%, with the U.S. playing a key role in this growth. The military drone market in the U.S. is anticipated to reach an estimated value of USD 10.71 billion by 2030, fueled by substantial R&D investments from leading industry players such as Sikorsky and Boeing, alongside other regional contributors.

This information is provided by Fortune Business Insights™ in its research report, titled “Military Drone Market, 2023-2030”.

List of Key Players Mentioned in the Military Drone Market:

• General Atomics Aeronautical Systems, Inc. (U.S.)
• Northrop Grumman Corporation (U.S.)
• Elbit Systems Ltd. (Israel)
• Israel Aerospace Industries Ltd. (Israel)
• AeroVironment, Inc. (U.S.)
• Lockheed Martin Corporation (U.S.)
• Thales Group (France)
• Boeing (U.S.)
• BAE Systems (U.K.)
• SAAB Group (Sweden)
• Textron Systems (U.S.)

Browse In-depth Summary of This Research Insight:

https://www.fortunebusinessinsights.com/military-drone-market-102181

Russia-Ukraine War Impact:

Industry Growth Propelled by High Military Drone Adoption Rate in Russia-Ukraine War