Published on : Apr 20, 2016
ALBANY, New York, April 20, 2016: With terrorism becoming a top-of-the-mind concern for administrations worldwide, spending on advanced military technologies has become an imperative. This spells good news for the global military drones market, which is on the course to strong growth, according to a latest report featured on ResearchMoz. The report, titled, ‘Military Drones: Market Shares, Strategy, and Forecasts, Worldwide, 2016 to 2022,’ states that the market is poised to stand at a valuation of US$$6.8 bn by 2022, as it grows steadily from its 2015 valuation of US$$4.4 bn. The study has been published in 2016 and is spread across 868 pages, supplemented with 379 figures and tables.
The report studies the dynamics of the global military drones market in detail by studying how the globalization of technology has affected the market, why smartdrones could be the future of the market, and which type of drones will generate the highest revenue.
At a time when there is a wide-ranging debate on the best way to tackle terrorist threats, many military experts seem to consider drones as the best way to identify terrorist enclaves and take necessary retaliatory action. Because drones can be remotely controlled and can be fitted with sophisticated cameras and weapons, their applications in military operations are numerous.
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Military drones are proving particularly useful in intelligence missions as they provide covert surveillance and reconnaissance. This attribute of drones, has, however, also placed them at the center of a debate on whether use is ethical. Despite these discussions and deliberations surrounding drones, the growth of the military drones market will show an upward trajectory.
A single drone can be used for surveying large swathes of land from multiple vantage points. This gives military visualization missions new horizons that are wider than before. Moreover, advances in camera and imaging technologies in itself has been a key development fanning the growth of the global military drones market. It is possible to now obtain clear images even from drones that are moving at high speeds. Military drones have proven their capabilities in 3D mapping, thus supporting ground troops with valuable information of a given terrain.
From their early days to their present state, military drones have also become more energy efficient while requiring lower-than-before maintenance costs. Reconnaissance drones, especially, can fly for days on end to complete the mission at hand. That factor will lead to more countries investing in military drones. Furthermore, by reducing dependence on human soldiers, drones help militaries deploy human solders on more strategic missions.
The report profiles companies spearheading growth in the global military drones market. For this purpose, companies such as General Atomics, Honeywell, Northrop Grumman, BAE, Lockheed Martin, Raytheon, and China Aerospace.
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