At 7.8% CAGR, the North America Military Drones Market is projected to be worth US$ 6,854.84 million by 2028, says Business Market Insights

According to Business Market Insights research, the North America military drones market was valued at US$ 4,715.96 million in 2023 and is expected to reach US$ 6,854.84 million by 2028, registering a CAGR of 7.8% from 2023 to 2028. Increasing Number of contracts for military drones and surge in global defense sector are the critical factors attributed to the North America military drones market expansion.        

Changes in the modern warfare system have been urging governments across the region to allocate higher funds for respective military forces. Budget allocation enables military forces to procure advanced technologies and equipment from domestic or international manufacturers. On the same lines, soldier and military vehicle modernization practices are also on the rise across numerous countries. With the growing need to strengthen military forces with advanced technologies, armaments, artilleries, and vehicles, among others, defense forces across the world are investing substantial amounts in the aforementioned products. A continuous urge to deploy new technologies in combat and non-combat operations by the defense forces is further boosting defense spending.

Asymmetric warfare or modern battlefields demand enormous information to carry out operations successfully. Fiscal budgets, nowadays, are focused on robotic platforms and related technologies, contributing to the development and procurement of military drones. For instance, in the fiscal year 2021, the US DoD received US$ 7.5 billion for the procurement and deployment of unmanned systems, robotics, and related technologies. ~87% of this amount was funded to 17 military agencies and departments for unmanned vehicles. Thus, such investments and initiatives by different country governments in their defense sectors contribute to the proliferation of the military drones market.

On the contrary, concern over battery endurance of military drones hampers the North America military drones market.

Based on type, the North America military drones market is segmented into group 1, group 2, group 3, group 4, and group 5. The group 5 segment held 33.5% share of North America Military Drones Market in 2023, amassing US$ 1,581.91 million. It is projected to garner US$ 2,256.76 million by 2028 to expand at 7.4% CAGR during 2023–2028. 

Based on application, the North America military drones market is segmented into ISR, warfare, and others. The ISR segment held 60.4% share of North America Military Drones Market in 2023, amassing US$ 2,847.47 million. It is projected to garner US$ 4,222.79 million by 2028 to expand at 8.2% CAGR during 2023–2028.

Based on range, the North America military drones market is segmented into short range, medium range, and long range. The medium range segment held 49.4% share of North America Military Drones Market in 2023, amassing US$ 2,329.49 million. It is projected to garner US$ 3,500.91 million by 2028 to expand at 8.5% CAGR during 2023–2028.

Based on technology, the North America military drones market is segmented into fixed wing and rotary wing. The fixed wing segment held 70.2% share of North America Military Drones Market in 2023, amassing US$ 3,311.96 million. It is projected to garner US$ 4,753.17 million by 2028 to expand at 7.5% CAGR during 2023–2028.

Based on country, the North America military drones market has been categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 84.4% share of North America Military Drones Market in 2023. It was assessed at US$ 3,981.22 million in 2023 and is likely to hit US$ 5,902.02 million by 2028, exhibiting a CAGR of 8.2% during the forecast period.      

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

• In 2023, General Atomics announced a new contract with U.S. Air Force Special Operations Command (AFSOC) to provide three MQ-9B SkyGuardian remotely piloted aircraft systems to its first U.S. customer.
• In 2023, General Atomics successfully performed Cold Weather Validation (CWV) using a company-owned MQ-9B SkyGuardian. The CWV flight test widens and accelerates the global operational implementation for SkyGuardian Remotely Piloted Aircraft System (RPAS).

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