Global Military Drone market will reach 13235.72 million US$ by the end of 2025

Publisher: QYResearch
Published Date: 2019/8/15

This growing usage of drones for military surveillance is likely to stimulate the global market in the coming years. The increasing concerns pertaining to national defense has created a need for stronger military arsenal. The global market is also being supported by the increasing budget for defense, emphasis on reducing the number of casualties, and improving technologies have collectively upped the demand for unmanned aerial vehicles (UAVs) for several military applications.

The military drones are used in various applications, such as mapping and surveying, monitoring, product deliveries in times of crises, and border surveillance. The military drones facilitate understanding of strategic locations during combat. Thus, efficiency in operations and accurate remote sensing are expected to bode well for the global military drone market.

The global military drone market is expected to be worth US$13235.72 mn by 2025 from US$9621.38 mn in 2019, surging at a CAGR of 6.59% from 2019 to 2025.

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