The global military drones market is projected to grow at a significant CAGR of 10.9% during the forecast period. The major factor that is contributing to the growth of the market includes the growing application of unmanned aircraft vehicles (UAV) in various military operations such as monitoring, surveying, mapping, and combat operations. The growing adoption of advanced technology in surveillance and military operations coupled with the growing defense budget in emerging economies are other major factors that provides ample opportunity for market growth.
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The defense sector is emerging considerably across the globe due to growing funding in the form of official budgets and ongoing investments by the governments. The countries are supporting the defense expenditure with huge budget sanctions which as a result is propelling the purchasing and acquisition of advanced systems such as drones and other systems for military operations that in turn, propels the market growth.
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Global Military Drones Market Segmentation
Transportation and Delivery
Battle Damage Management
Rest of Europe
Rest of Asia-Pacific
Rest of the World
BAE Systems PLC
China Aerospace Science and Technology Corp.
Dedrone Holdings, Inc.
FLIR Systems, Inc.
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