At 10.1% CAGR, the Asia Pacific Military Drones Market is projected to be worth US$ 5,360.15 million by 2028, says Business Market Insights

According to Business Market Insights research, the Asia Pacific military drones market was valued at US$ 3,314.63 million in 2023 and is expected to reach US$ 5,360.15 million by 2028, registering a CAGR of 10.1% from 2023 to 2028. Increasing Number of contracts for military drones and surge in global defense sector are the critical factors attributed to the Asia Pacific military drones market expansion.        

The procurement and deployment of technologically advanced military drones plays a vital role in boosting the security of any country. A bird’s-eye view provided by drones helps in real-time monitoring and detects unwanted activities across national borders. It also helps detect or destroy the enemy or harmful incomings within the borders. Although drones may capture images, recognizing people in crowded spaces becomes challenging. Therefore, researchers and security agencies are engaged in developing effective technology for the facial recognition of people in crowded places. Another technological advancement in military drones is their capability to refuel manned vehicles in the air. This is considered a major achievement in the era of manned-unmanned teaming operations. In addition to their popular use in ISR and warfare applications, using military drones for refueling would increase their demand in the coming years. Thus, facial recognition, mid-air refueling of other aircraft units, and other technological advancements are likely to act as significant trends in the military drones market in the future.

On the contrary, concern over battery endurance of military drones hampers the Asia Pacific military drones market.

Based on type, the Asia Pacific military drones market is segmented into group 1, group 2, group 3, group 4, and group 5. The group 5 segment held 33.0% share of Asia Pacific Military Drones Market in 2023, amassing US$ 1,092.98 million. It is projected to garner US$ 1,725.11 million by 2028 to expand at 9.6% CAGR during 2023–2028. 

Based on application, the Asia Pacific military drones market is segmented into ISR, warfare, and others. The ISR segment held 61.3% share of Asia Pacific Military Drones Market in 2023, amassing US$ 2,031.33 million. It is projected to garner US$ 3,357.33 million by 2028 to expand at 10.6% CAGR during 2023–2028.

Based on range, the Asia Pacific military drones market is segmented into short range, medium range, and long range. The medium range segment held 48.5% share of Asia Pacific Military Drones Market in 2023, amassing US$ 1,607.89 million. It is projected to garner US$ 2,683.03 million by 2028 to expand at 10.8% CAGR during 2023–2028.

Based on technology, the Asia Pacific military drones market is segmented into fixed wing and rotary wing. The fixed wing segment held 69.9% share of Asia Pacific Military Drones Market in 2023, amassing US$ 2,315.31 million. It is projected to garner US$ 3,685.87 million by 2028 to expand at 9.7% CAGR during 2023–2028.

Based on country, the Asia Pacific military drones market has been categorized into Australia, China, India, Japan, South Korea, New Zealand, and the Rest of Asia Pacific. Our regional analysis states that the China captured 33.3% share of Asia Pacific Military Drones Market in 2023. It was assessed at US$ 1,103.85 million in 2023 and is likely to hit US$ 1,828.88 million by 2028, exhibiting a CAGR of 10.6% during the forecast period.      

Key players dominating the Asia Pacific military drones market are Lockheed Martin Corp; Northrop Grumman Corp; Thales SA; Boeing Co; Elbit Systems Ltd; General Atomics; Textron Systems Corp; BAE Systems Plc; AeroVironment Inc; and Israel Aerospace Industries Ltd., among others.

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