Global Military Gliders and Drones Market Report 2022

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New York, 28 Feb. 2022 (GLOBE NEWSWIRE) — Reportlinker.com Announces Release of “Military Gliders and Drones Global Market Report 2022” – https://www.reportlinker.com/p06240570/?utm_source=GNW

The global market for military gliders and drones is expected to grow from $29.98 billion in 2021 to $35.02 billion in 2022 at a compound annual growth rate (CAGR) of 16.8%. The growth is mainly due to companies reorganizing their operations and recovering from the impact of COVID-19, which had previously led to restrictive containment measures involving social distancing, remote working and the closure of business activities that resulted in operational challenges. The market is expected to reach $61.80 billion in 2026 with a CAGR of 15.3%.

The military gliders and drones market includes sales of military gliders and drones by entities (organizations, independent traders, and partnerships) that produce gliders and drones. A glider is a fixed-wing aircraft that flies using natural air currents.

A drone is an unmanned aerial vehicle that is remotely or autonomously guided. Only goods and services exchanged between entities or sold to final consumers are included.

The major types of military gliders and drones market are military gliders and military drones. and/or bombs in hard points for drone strikes.

The various technologies involved are remote controlled, semi-autonomous, autonomous and used for search and rescue, national defense, military exercises and others.

Asia-Pacific was the largest region in the military gliders and drones market in 2021. Western Europe is expected to be the fastest growing region during the forecast period.

Regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Rising funding for unmanned aerial vehicles or drones is expected to contribute to the growth of the military gliders and drones market. The growing need for intelligence, surveillance and reconnaissance assets has generated increased demand for military gliders and drones.

The military is expected to spend about $98 billion on new intelligence-gathering and strike capabilities. According to Teal Group, global research and development and procurement spending on drones is expected to grow from $11.1 billion in 2020 to $14.3 billion by the end of 2029. Research and development spending is expected to increase from $3.2 billion in 2020 to $4 billion by 2029. and purchase financing is expected to grow 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 drive the market for gliders and military drones over the forecast period.

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

In June 2020, the Indian Ministry of Civil Aviation issued draft rules for the manufacture and use of drones in India, proposing authorized sellers and importers to sell drones only to entities and individuals approved by the Directorate General of Civil Aviation (DGCA). Similarly, in the United States, the government maintains strict export controls on military drones and related systems, components, technology, and software under the International Traffic in Arms Regulations (ITAR).

Additionally, in Europe, military drones are regulated by the European Aviation Safety Agency (EASA). These regulations will have an impact on the manufacturing and marketing process and thus will have a negative impact on the growth of the military gliders and drones market.

Artificial intelligence (AI) in military gliders and drones is gaining popularity in the military drones and gliders market. Leading companies in the industry are focusing on the design and development of drones and drones with AI capabilities.

For example, companies offering military drones with AI capabilities include Sheild.AI (offers Nova, an autonomous drone for indoor navigation), AeroVironment (offers the Raven series, the world’s most popular drones), Lockheed Martin (offers Desert Hawk III, a drone with operator training capabilities) and Neurala (offers Neurala Brain, an AI software that allows military drones to patrol missions and conduct reconnaissance missions.

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

The countries covered in the military gliders and drones market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, Kingdom United and the United States.

Read the full report: https://www.reportlinker.com/p06240570/?utm_source=GNW

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