Military Gliders and Drones Global Market To Reach Value Of $47 Billion In 2025
21 Oct, 2021
The military gliders and drones market consists of sales of military gliders & drones by entities (organizations, sole traders, and partnerships) that produce gliders and drones. A glider is a fixed-wing aircraft that flies using naturally occurring air currents. A drone is an unmanned aerial vehicle that is guided remotely or autonomously. Only goods and services traded between entities or sold to end consumers are included.
Global Military Gliders and Drones Market Size And Drivers:
The global military gliders and drones market is expected to grow from $27.23 billion in 2020 to $29.67 billion in 2021 at a compound annual growth rate (CAGR) of 9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $47.31 billion in 2025 at a CAGR of 12.4%. Increasing funding on unmanned aerial vehicles or drones is projected to contribute to the growth of the military gliders and drones market.
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Trends In The Global Military Gliders and Drones Market
Artificial Intelligence (AI) in military gliders and drones is gaining popularity in the military drones and gliders market. Top companies in the industry are focusing on designing and developing drones and UAVs with AI capabilities. For instance, the companies offering military drones with AI capabilities include Sheild.AI (offers Nova, an autonomous drone for indoor navigation), AeroVironment (offers Raven series, the world’s most widespread drones), Lockheed Martin (offers Desert Hawk III, a drone with operators training capabilities), and Neurala (offers Neurala Brain, an AI software that allows military drones to patrol missions and conduct reconnaissance missions.
Global Military Gliders and Drones Market Segments:
The global military glider and drone market is further segmented –
By Type: Military Gliders, Military Drones
By Technology: Remotely Operated, Semi-Autonomous, Autonomous
By Application: Search and Rescue, National Defense, Military Exercises, Others
By Geography: The global military gliders and drones market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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https://www.thebusinessresearchcompany.com/report/military-gliders-and-drones-global-market-reportMilitary Gliders and Drones Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides military gliders and drones market overviews, analyzes and forecasts market size and growth for the global military gliders and drones market, military gliders and drones market share, military gliders and drones market players, military gliders and drones market segments and geographies, military gliders and drones market’s leading competitors’ revenues, profiles and market shares. The military gliders and drones market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.