Aug 12, 2021   SOURCE: BusinessWire

Military Gliders and Drones Global Market Report 2021: Market is Expected to Reach $47.31 Billion in 2025 - Long-term Forecast to 2030 - ResearchAndMarkets.com

The "Military Gliders and Drones Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.

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%.

Major players in the military gliders and drones market are Schempp-Hirth Flugzeugbau GmbH, China Aerospace Science and Industry Corporation, Lockheed Martin, Textron Systems, BAE Systems Inc., Jonker Sailplanes, Leonardo, Boeing, DG Flugzeugbau GmbH, and Aerovironment Inc.

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.

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.

The military gliders and drones market covered in this report is segmented by type into military gliders; military drones. It is also segmented by technology into remotely operated; semi-autonomous; autonomous and by application into search and rescue; national defense; military exercises; others.

In September 2019, Rafael Advanced Defense Systems Ltd., an Israel-based defense technology company, acquired Aeronautics Limited for $250 million. The acquisition plans to combine Rafael's in-house capabilities including systems, sensors, and munitions that have been used on fighter jets and other platforms with Aeronautics' lower-tier UAVs.

Moreover, Rafael Advanced Defense Systems Ltd., along with Aeronautics Ltd., plans to develop and manufacture advanced drones based on the Orbiter family of tactical and small unmanned aerial vehicles. Aeronautics Limited is based in Israel and is specialized in manufacturing unmanned aerial vehicles or drones for military applications.

Increasing funding on unmanned aerial vehicles or drones is projected to contribute to the growth of the military gliders and drones market. The growing requirement for intelligence, surveillance, and reconnaissance assets generated higher demand for military gliders and drones. The militaries are expected to spend around $98 billion in new intelligence gathering and strike capabilities.

According to the Teal Group, global research and development and procurement spending on drones is estimated to rise from $11.1 in 2020 to $14.3 billion by the end of 2029. Research & development spending is expected to increase from $3.2 billion in 2020 to $4 billion by 2029 and procurement funding is likely to increase from $7.9 billion in 2020 to $10.3 billion by the end of 2029. Such investments in unmanned aerial vehicles or drones are expected to the drive military gliders and drones market during the forecast period.

Stringent regulations associated with gliders and drones are expected to limit the growth of the military gliders and drones market. For instance, in India, military drones are governed by the Directorate General of Civil Aviation (DGCA).

Key Topics Covered:

1. Executive Summary

2. Military Gliders and Drones Market Characteristics

3. Military Gliders and Drones Market Trends and Strategies

4. Impact of COVID-19 on Military Gliders and Drones

5. Military Gliders and Drones Market Size and Growth

5.1. Global Military Gliders and Drones Historic Market, 2015-2020, $ Billion

5.1.1. Drivers of the Market

5.1.2. Restraints on the Market

5.2. Global Military Gliders and Drones Forecast Market, 2020-2025F, 2030F, $ Billion

5.2.1. Drivers of the Market

5.2.2. Restraints on the Market

6. Military Gliders and Drones Market Segmentation

6.1. Global Military Gliders and Drones Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

  • Military Gliders
  • Military Drones

6.2. Global Military Gliders and Drones Market, Segmentation by Technology, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

  • Remotely Operated
  • Semi-Autonomous
  • Autonomous

6.3. Global Military Gliders and Drones Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

  • Search and Rescue
  • National Defense
  • Military Exercises
  • Others

7. Military Gliders and Drones Market Regional and Country Analysis

7.1. Global Military Gliders and Drones Market, Split by Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

7.2. Global Military Gliders and Drones Market, Split by Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

Companies Mentioned

  • Schempp-Hirth Flugzeugbau GmbH
  • China Aerospace Science and Industry Corporation
  • Lockheed Martin
  • Textron Systems
  • BAE Systems Inc.
  • Jonker Sailplanes
  • Leonardo
  • Boeing
  • DG Flugzeugbau GmbH
  • Aerovironment Inc.

For more information about this report visit https://www.researchandmarkets.com/r/7xvpns