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Asia Pacific Military Drones Market Forecast to 2028 -Regional Analysis- by Type (Group 1, Group 2, Group 3, Group 4, and Group 5), Application (ISR, Warfare, and Others), Range (Short Range, Medium Range, and Long Range), and Technology (Fixed Wing and Rotary Wing)
Market Report I 2023-08-18 I 153 Pages I The Insight Partners
The Asia Pacific military drones market is expected to grow from US$ 3,314.63 million in 2023 to US$ 5,360.15 million by 2028. It is estimated to grow at a CAGR of 10.1% from 2023 to 2028.
Use of Drones in Military Cargo Operations Fuels Asia Pacific Military Drones Market
A cargo air vehicle (CAV), used to carry different materials, is one of the latest drone technologies. Transportation of goods through drones has proven benefits compared to traditional ways of transportation, such as helicopters and airplanes. Cargo drones are cheaper and more versatile than the abovementioned air carriers, and they require less maintenance. They have elevated carrying power and need no direct human involvement. Cargo drones are used to carry lifesaving supplies at dangerous locations reducing risk to human life. Owing to such benefits, governments have started considering the procurement of such drones in several operations. In December 2022, the Indian Ministry of Defense issued a Request for Information (RFI) for the list of potential vendors to procure 570 Logistic Drones (LD) for the Indian Army (IA). The vendors will be finalized on the two versions of drones based on altitude standards-up to 12,000 feet and above 12,000 feet.
Many market players are engaged in providing drones that can lift heavy payloads and ease delivery services. For instance, Mistral Solutions Pvt. Ltd. designed its Mistral Xherpa heavy payload drone to withstand extreme environments at higher altitudes, and they can easily transport food, medical kits, and other necessities. These heavy payload drones can be used for military purposes as they can operate at altitudes ranging from 5,000 to 20,000 feet. These drones offer high efficiency at high altitudes and can operate in windy environments to transport essential goods, which helps save time and poses low a risk to human lives. Thus, with the increasing demand for drones for cargo operations, the availability of such drones is on the rise in the military cargo market, which indicates significant opportunities for the market players.
Asia Pacific Military Drones Market Overview
Based on country, the Asia Pacific military drones market is segmented into Australia, China, India, Japan, South Korea, New Zealand, and the Rest of Asia Pacific. One of the major reasons behind the growth of military drones market in the Asia Pacific region is the presence of two of the top three largest military spending countries i.e. China and India in the region. Further, the demand for strengthening the military forces of respective countries is another major factor supporting the growth of military drones market in the country. Furthermore, the cross-border conflicts across some of the countries such as India-Pakistan, China-India, and China-Taiwan also generates the demand for military drone products for border ISR and warfare activities in the region. For this, majority of the countries in the Asia Pacific region have been collaboratively working with various drone manufacturers for the development of reliable drone solutions for their respective drone requirements. For instance,
- In March 2023, Taiwan's military research body launched nine locally manufactured drones in Taichung, including suicide drones, designed and developed similar to the US-made AeroVironment Switchblade 300. These drones are developed by teaming up with Taiwanese companies to strengthen the national military. In addition, the Taiwanese military announced a partnership with local manufacturers to produce 3,000 drones by 2024.
- In January 2021, China's WJ-700 drone completed its maiden flight successfully. This is a long-endurance, high-altitude, and high-speed armed reconnaissance drone that unveils a new drone combat pattern. This drone has a large payload and can deliver large military supplies. This drone is focused on fulfilling domestic and international needs in the next 5-10 years.
- In February 2023, the Indian Army dropped the request for proposal (RFP) for the procurement of 850 nano drones for surveillance for a special mission and stated it as "emergency procurement" in the proposal.
Asia Pacific Military Drones Market Revenue and Forecast to 2028 (US$ Million)
Asia Pacific Military Drones Market Segmentation
The Asia Pacific military drones market is segmented into type, application, range, technology, and country.
Based on type, the Asia Pacific military drones market is segmented into group 1, group 2, group 3, group 4, and group 5. The group 5 segment held the largest share of the Asia Pacific military drones market in 2023.
Based on application, the Asia Pacific military drones market is segmented into ISR, warfare, and others. The ISR segment held the largest share of the Asia Pacific military drones market in 2023.
Based on range, the Asia Pacific military drones market is segmented into short range, medium range, and long range. The medium range segment held the largest share of the Asia Pacific military drones market in 2023.
Based on technology, the Asia Pacific military drones market is segmented into fixed wing and rotary wing. The fixed wing segment held the larger share of the Asia Pacific military drones market in 2023.
Based on country, the Asia Pacific military drones market is segmented into Australia, China, India, Japan, South Korea, New Zealand, and the Rest of Asia Pacific. The China dominated the share of the Asia Pacific military drones market in 2023.
Lockheed Martin Corp; Northrop Grumman Corp; Thales SA; Boeing Co; Elbit Systems Ltd; General Atomics; Textron Systems Corp; BAE Systems Plc; AeroVironment Inc; and Israel Aerospace Industries Ltd. are the leading companies operating in the Asia Pacific military drones market.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Military Drones Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Military Drones -Market Dynamics
5.1 Key Market Drivers
5.1.1 Increasing Number of Contracts for Military Drones
5.1.2 Surge in Global Defense Sector
5.2 Key Market Restraints
5.2.1 Concern Over Battery Endurance of Military Drones
5.3 Key Market Opportunities
5.3.1 Use of Drones in Military Cargo Operations
5.4 Key Market Trends
5.4.1 Facial Recognition, Mid-Air Aircraft Refueling Ability, and Other Technological Advancements
5.5 Impact Analysis of Drivers and Restraints
6. Military Drones Market -Asia Pacific Analysis
6.1 Asia Pacific Military Drones Market Overview
6.2 Asia Pacific Military Drones Market - Revenue and Forecast to 2028 (US$ Million)
7. Asia Pacific Military Drones Market Revenue and Forecast to 2028 - Type
7.1 Overview
7.2 Asia Pacific Military Drones Market, By Type (2022 and 2028)
7.3 Group 1
7.3.1 Overview
7.3.2 Group 1: Asia Pacific Military Drones Market Revenue and Forecast To 2028 (US$ Million)
7.4 Group 2
7.4.1 Overview
7.4.2 Group 2: Asia Pacific Military Drones Market Revenue and Forecast To 2028 (US$ Million)
7.5 Group 3
7.5.1 Overview
7.5.2 Group 3: Asia Pacific Military Drones Market Revenue and Forecast To 2028 (US$ Million)
7.6 Group 4
7.6.1 Overview
7.6.2 Group 4: Asia Pacific Military Drones Market Revenue and Forecast To 2028 (US$ Million)
7.7 Group 5
7.7.1 Overview
7.7.2 Group 5: Asia Pacific Military Drones Market Revenue and Forecast To 2028 (US$ Million)
8. Asia Pacific Military Drones Market Revenue and Forecast to 2028 - Application
8.1 Overview
8.2 Asia Pacific Military Drones Market, By Application (2022 and 2028)
8.3 ISR
8.3.1 Overview
8.3.2 ISR: Asia Pacific Military Drones Market Revenue and Forecast To 2028 (US$ Million)
8.4 Warfare
8.4.1 Overview
8.4.2 Warfare: Asia Pacific Military Drones Market Revenue and Forecast To 2028 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: Asia Pacific Military Drones Market Revenue and Forecast To 2028 (US$ Million)
9. Asia Pacific Military Drones Market Revenue and Forecast to 2028 - Range
9.1 Overview
9.2 Asia Pacific Military Drones Market, By Range (2022 and 2028)
9.3 Short Range
9.3.1 Overview
9.3.2 Short Range: Asia Pacific Military Drones Market Revenue and Forecast To 2028 (US$ Million)
9.4 Medium Range
9.4.1 Overview
9.4.2 Medium Range: Asia Pacific Military Drones Market Revenue and Forecast To 2028 (US$ Million)
9.5 Long Range
9.5.1 Overview
9.5.2 Long Range: Asia Pacific Military Drones Market Revenue and Forecast To 2028 (US$ Million)
10. Asia Pacific Military Drones Market Revenue and Forecast to 2028 - Technology
10.1 Overview
10.2 Asia Pacific Military Drones Market, By Technology (2022 and 2028)
10.3 Fixed Wing
10.3.1 Overview
10.3.2 Fixed Wing: Asia Pacific Military Drones Market Revenue and Forecast To 2028 (US$ Million)
10.4 Rotary Wing
10.4.1 Overview
10.4.2 Rotary Wing: Asia Pacific Military Drones Market Revenue and Forecast To 2028 (US$ Million)
11. Asia Pacific Military Drones Market - Country Analysis
11.1 Overview
11.1.1 Asia Pacific Military Drones Market, by Key Country
11.1.1.1 Australia: Asia Pacific Military Drones Market - Revenue, and Forecast to 2028 (US$ Million)
11.1.1.1.1 Australia: Asia Pacific Military Drones Market, by Type
11.1.1.1.2 Australia: Asia Pacific Military Drones Market, by Application
11.1.1.1.3 Australia: Asia Pacific Military Drones Market, by Range
11.1.1.1.4 Australia: Asia Pacific Military Drones Market, by Technology
11.1.1.2 China: Asia Pacific Military Drones Market - Revenue, and Forecast to 2028 (US$ Million)
11.1.1.2.1 China: Asia Pacific Military Drones Market, by Type
11.1.1.2.2 China: Asia Pacific Military Drones Market, by Application
11.1.1.2.3 China: Asia Pacific Military Drones Market, by Range
11.1.1.2.4 China: Asia Pacific Military Drones Market, by Technology
11.1.1.3 India: Asia Pacific Military Drones Market - Revenue, and Forecast to 2028 (US$ Million)
11.1.1.3.1 India: Asia Pacific Military Drones Market, by Type
11.1.1.3.2 India: Asia Pacific Military Drones Market, by Application
11.1.1.3.3 India: Asia Pacific Military Drones Market, by Range
11.1.1.3.4 India: Asia Pacific Military Drones Market, by Technology
11.1.1.4 Japan: Asia Pacific Military Drones Market - Revenue, and Forecast to 2028 (US$ Million)
11.1.1.4.1 Japan: Asia Pacific Military Drones Market, by Type
11.1.1.4.2 Japan: Asia Pacific Military Drones Market, by Application
11.1.1.4.3 Japan: Asia Pacific Military Drones Market, by Range
11.1.1.4.4 Japan: Asia Pacific Military Drones Market, by Technology
11.1.1.5 South Korea: Asia Pacific Military Drones Market - Revenue, and Forecast to 2028 (US$ Million)
11.1.1.5.1 South Korea: Asia Pacific Military Drones Market, by Type
11.1.1.5.2 South Korea: Asia Pacific Military Drones Market, by Application
11.1.1.5.3 South Korea: Asia Pacific Military Drones Market, by Range
11.1.1.5.4 South Korea: Asia Pacific Military Drones Market, by Technology
11.1.1.6 Rest of Asia Pacific: Asia Pacific Military Drones Market - Revenue, and Forecast to 2028 (US$ Million)
11.1.1.6.1 Rest of Asia Pacific: Asia Pacific Military Drones Market, by Type
11.1.1.6.2 Rest of Asia Pacific: Asia Pacific Military Drones Market, by Application
11.1.1.6.3 Rest of Asia Pacific: Asia Pacific Military Drones Market, by Range
11.1.1.6.4 Rest of Asia Pacific: Asia Pacific Military Drones Market, by Technology
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Product Development
12.4 Mergers & Acquisitions
13. Company Profiles
13.1 Lockheed Martin Corp
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Northrop Grumman Corp
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Thales SA
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 The Boeing Co
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Elbit Systems Ltd
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 General Atomics
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Textron Systems Corp
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 BAE Systems Plc
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 AeroVironment Inc
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Israel Aerospace Industries Ltd
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. Asia Pacific Military Drones Market - Revenue and Forecast to 2028 (US$ Million)
Table 2. Australia: Asia Pacific Military Drones Market, by Type -Revenue and Forecast to 2028 (US$ Million)
Table 3. Australia: Asia Pacific Military Drones Market, by Application -Revenue and Forecast to 2028 (US$ Million)
Table 4. Australia: Asia Pacific Military Drones Market, by Range -Revenue and Forecast to 2028 (US$ Million)
Table 5. Australia: Asia Pacific Military Drones Market, by Technology -Revenue and Forecast to 2028 (US$ Million)
Table 6. China: Asia Pacific Military Drones Market, by Type -Revenue and Forecast to 2028 (US$ Million)
Table 7. China: Asia Pacific Military Drones Market, by Application -Revenue and Forecast to 2028 (US$ Million)
Table 8. China: Asia Pacific Military Drones Market, by Range -Revenue and Forecast to 2028 (US$ Million)
Table 9. China: Asia Pacific Military Drones Market, by Technology -Revenue and Forecast to 2028 (US$ Million)
Table 10. India: Asia Pacific Military Drones Market, by Type -Revenue and Forecast to 2028 (US$ Million)
Table 11. India: Asia Pacific Military Drones Market, by Application -Revenue and Forecast to 2028 (US$ Million)
Table 12. India: Asia Pacific Military Drones Market, by Range -Revenue and Forecast to 2028 (US$ Million)
Table 13. India: Asia Pacific Military Drones Market, by Technology -Revenue and Forecast to 2028 (US$ Million)
Table 14. Japan: Asia Pacific Military Drones Market, by Type -Revenue and Forecast to 2028 (US$ Million)
Table 15. Japan: Asia Pacific Military Drones Market, by Application -Revenue and Forecast to 2028 (US$ Million)
Table 16. Japan: Asia Pacific Military Drones Market, by Range -Revenue and Forecast to 2028 (US$ Million)
Table 17. Japan: Asia Pacific Military Drones Market, by Technology -Revenue and Forecast to 2028 (US$ Million)
Table 18. South Korea: Asia Pacific Military Drones Market, by Type -Revenue and Forecast to 2028 (US$ Million)
Table 19. South Korea: Asia Pacific Military Drones Market, by Application -Revenue and Forecast to 2028 (US$ Million)
Table 20. South Korea: Asia Pacific Military Drones Market, by Range -Revenue and Forecast to 2028 (US$ Million)
Table 21. South Korea: Asia Pacific Military Drones Market, by Technology -Revenue and Forecast to 2028 (US$ Million)
Table 22. Rest of Asia Pacific: Asia Pacific Military Drones Market, by Type -Revenue and Forecast to 2028 (US$ Million)
Table 23. Rest of Asia Pacific: Asia Pacific Military Drones Market, by Application -Revenue and Forecast to 2028 (US$ Million)
Table 24. Rest of Asia Pacific: Asia Pacific Military Drones Market, by Range -Revenue and Forecast to 2028 (US$ Million)
Table 25. Rest of Asia Pacific: Asia Pacific Military Drones Market, by Technology -Revenue and Forecast to 2028 (US$ Million)
Table 26. List of Abbreviation
LIST OF FIGURES
Figure 1. Asia Pacific Military Drones Market Segmentation
Figure 2. Asia Pacific Military Drones Market Segmentation - By Country
Figure 3. Asia Pacific Military Drones Market Overview
Figure 4. Group 5 Contributed the Largest Market Share in 2022
Figure 5. India to Show Great Traction During Forecast Period of 2023 to 2028
Figure 6. Porter's Five Forces Analysis
Figure 7. Asia Pacific Military Drones Market- Ecosystem Analysis
Figure 8. Expert Opinion
Figure 9. Asia Pacific Military Drones Market Impact Analysis of Drivers and Restraints
Figure 10. Asia Pacific Military Drones Market - Revenue and Forecast to 2028 (US$ Million)
Figure 11. Asia Pacific Military Drones Market, By Type (2022 and 2028)
Figure 12. Group 1: Asia Pacific Military Drones Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. Group 2: Asia Pacific Military Drones Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. Group 3: Asia Pacific Military Drones Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. Group 4: Asia Pacific Military Drones Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. Group 5: Asia Pacific Military Drones Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. Asia Pacific Military Drones Market, By Application (2022 and 2028)
Figure 18. ISR: Asia Pacific Military Drones Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Warfare: Asia Pacific Military Drones Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. Others: Asia Pacific Military Drones Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. Asia Pacific Military Drones Market, By Range (2022 and 2028)
Figure 22. Short Range: Asia Pacific Military Drones Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. Medium Range: Asia Pacific Military Drones Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. Long Range: Asia Pacific Military Drones Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. Asia Pacific Military Drones Market, By Technology (2022 and 2028)
Figure 26. Fixed Wing: Asia Pacific Military Drones Market Revenue and Forecast to 2028 (US$ Million)
Figure 27. Rotary Wing: Asia Pacific Military Drones Market Revenue and Forecast to 2028 (US$ Million)
Figure 28. Asia Pacific Military Drones Market, by Key Country- Revenue (2022) (US$ Mn)
Figure 29. Asia Pacific Military Drones Market Revenue Share, by Key Country (2022 and 2028)
Figure 30. Australia: Asia Pacific Military Drones Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 31. China: Asia Pacific Military Drones Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 32. India: Asia Pacific Military Drones Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 33. Japan: Asia Pacific Military Drones Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 34. South Korea: Asia Pacific Military Drones Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 35. Rest of Asia Pacific: Asia Pacific Military Drones Market - Revenue, and Forecast to 2028 (US$ Million)
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