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Military Drone Market size is set to grow by USD 8.50 billion from 2024-2028, Recent developments in military drones boost the market, Technavio

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NEW YORK, June 10, 2024 /PRNewswire/ — The global military drone market size is estimated to grow by USD 8.50 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  12.21%  during the forecast period. Recent developments in military drones is driving market growth, with a trend towards development of long-range spy combat drone. However, rapid development of anti-drone technology  poses a challenge. Key market players include AeroVironment Inc., Airbus SE, Anduril Industries Inc., Animal Dynamics Ltd., Asteria Aerospace Ltd., BAE Systems Plc, EDGE Group PJSC, Elbit Systems Ltd., General Atomics, Israel Aerospace Industries Ltd., Leonardo Spa, Lockheed Martin Corp., Northrop Grumman Corp., Rafael Advanced Defense Systems Ltd., RTX Corp., Red Cat Holdings Inc., Saab AB, Shield AI, Teledyne Technologies Inc., Textron Inc., Thales Group, and The Boeing Co..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Military Drone Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 12.21%

Market growth 2024-2028

USD 8507.8 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

10.66

Regional analysis

North America, APAC, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 35%

Key countries

US, China, UK, India, and Turkey

Key companies profiled

AeroVironment Inc., Airbus SE, Anduril Industries Inc., Animal Dynamics Ltd., Asteria Aerospace Ltd., BAE Systems Plc, EDGE Group PJSC, Elbit Systems Ltd., General Atomics, Israel Aerospace Industries Ltd., Leonardo Spa, Lockheed Martin Corp., Northrop Grumman Corp., Rafael Advanced Defense Systems Ltd., RTX Corp., Red Cat Holdings Inc., Saab AB, Shield AI, Teledyne Technologies Inc., Textron Inc., Thales Group, and The Boeing Co.

Market Driver

The military drone market is experiencing significant growth due to the increasing use of UAVs in countermeasure operations. These unmanned aerial platforms are being equipped with advanced technology, including weapons and surveillance systems. China is a leading nation in UCAV development, investing heavily in R&D for military drones capable of long-range strikes.

The CH-5 drone, for instance, offers joint strike capabilities, allowing easy integration with existing military drone inventories. China has received export licenses for its CH-5 reconnaissance and combat drones and is seeking manufacturing licenses in other countries. These developments are expected to drive market growth during the forecast period. 

The Military Drone market is experiencing significant growth, driven by advanced technology and defense needs. Systems such as Predator and Reaper drones are in high demand for surveillance and targeting operations. The use of drones for defense is expanding, with applications in border security, intelligence gathering, and combat missions.

The Systems are equipped with features like fixed wings, long endurance, and advanced sensors. Elbit and Vehlice are key players in this market, offering innovative solutions. Defense budgets continue to fund research and development, ensuring the market’s continued growth. The trend towards autonomous and unmanned systems is also driving demand. The market is expected to grow steadily, with increasing demand from various defense forces worldwide. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

The global military drone market is facing challenges due to advancements in anti-drone technology. Nations are developing defensive mechanisms to counteract drones used by other countries. Boeing’s 10 kW anti-drone laser cannon is an example, with plans to increase power to 60 kW.Modern lasers and lithium-ion battery technology are boosting energy storage and power density for defensive purposes. Russia is developing electromagnetic technology to disrupt drone electronics and communication. These developments may hinder the growth of the military drone market.The Military Drone Market faces several challenges in its development. One major challenge is the increasing need for advanced technology and security features to ensure the drones are not hacked or compromised. Another challenge is the regulatory environment, with various countries having different rules and regulations regarding the use of military drones.Additionally, there is a growing concern over privacy issues and the potential misuse of military drones. Furthermore, the high cost of developing and maintaining military drones is a significant challenge for many organizations. Lastly, the rapid advancement of technology means that companies must continuously innovate to stay competitive in the market.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

Type 1.1 Rotary Blade1.2 Fixed Wing1.3 HybridTechnology 2.1 Remotely operated2.2 Semi-autonomous2.3 AutonomousGeography 3.1 North America3.2 APAC3.3 Europe3.4 Middle East and Africa3.5 South America

1.1 Rotary Blade-  The rotary blade segment plays a significant role in the military drone market. This technology enables drones to lift off, hover, and adjust altitude, enhancing maneuverability and versatility. Rotary blades increase payload capacity, allowing drones to carry heavier equipment for various tasks, including reconnaissance, surveillance, and combat. Their unique composite material composition ensures durability and stealth, enabling clandestine operations and remote control. These advantages contribute to the growth of the rotary blade segment in the military drone market.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The Military Drone Market encompasses the design, production, and deployment of unmanned aerial vehicles (UAVs) for military applications. These drones play a crucial role in battlefield surveillance during asymmetric warfare, providing extended endurance for monitoring and reconnaissance. Military UAVs are employed for various purposes, including surveillance, mapping, and transportation.

They are integral to defense expenditure and have become increasingly important in combat operations. The integration of Artificial Intelligence (AI) in military drones enhances their capabilities, enabling advanced monitoring and response to hacking attempts. Military drones, such as MQ-1 Predator, contribute significantly to state policies by providing valuable insights and intelligence. The market for military drones continues to grow, driven by the increasing demand for advanced surveillance and reconnaissance capabilities.

Market Research Overview

The Military Drone Market is a significant and growing sector in the global defense industry. These unmanned aerial vehicles (UAVs) play a crucial role in military operations, providing real-time intelligence, surveillance, and reconnaissance (ISR). Drones are equipped with advanced technologies such as high-definition cameras, thermal imaging sensors, and communication systems.

They are used for various applications, including border security, disaster management, and tactical support. The market for military drones is driven by factors such as increasing defense budgets, technological advancements, and the need for enhanced security. The market is segmented based on types of drones, applications, and regions. The future of military drones looks promising, with continued innovation and development in the field.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeRotary BladeFixed WingHybridTechnologyRemotely OperatedSemi-autonomousAutonomousGeographyNorth AmericaAPACEuropeMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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GS1 India to Host GS1 General Assembly 2025 in Mumbai: ‘Building Bridges for a Better Tomorrow’

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MUMBAI, India , May 19, 2025 /PRNewswire/ — GS1 India is proud to host the GS1 General Assembly 2025 in Mumbai from 20th to 22nd May 2025. With the theme ‘Building Bridges for a Better Tomorrow,’ this prestigious annual global event brings together leaders and change makers to shape the future of global supply chains.

GS1 India will be hosting the GS1 General Assembly in Mumbai from 20th to 22nd May 2025. The event will have 250+ guests representing the GS1 Management Board comprising some of the global leading companies, and Chairmen and CEOs representing 118 Member Organizations worldwide. Together, these global leaders will explore how standards and emerging technologies are accelerating digital transformation and enabling smarter, more resilient supply chains—with a central highlight being the official approval of GS1 Vision 2030, the organisation’s bold new strategic direction.

“With the approval of GS1 Vision 2030 here in India, we mark a milestone moment for our global community. This new strategy sets a bold course for the future—one where data can be trusted, shared, and acted upon in real time. In a world shaped by digital acceleration and AI, our role is to enable companies of all sizes to seamlessly reach markets, enhance supply chain efficiency and resilience, meet sustainability and regulatory demands, and empower consumers and patients with information they can trust,” said Renaud de Barbuat, President and CEO, GS1.

S. Swaminathan, CEO, GS1 India said, “We are honoured to host the GS1 General Assembly 2025. As supply chains around the world evolve to become more digital, transparent, and resilient, this year’s them reflects our collective commitment to collaboration and transformation. Through global standards, we are not just enabling smarter supply chains; we are laying the foundation for trustworthy ecosystems powered by trusted data that benefit consumers, businesses, and governments alike.”

The event will have voices from Indian industry sectors such as retail, healthcare, technology, supply chain management, and e-commerce. These leaders will explore how global standards and emerging technologies are accelerating digital transformation and creating smarter, more resilient supply chains.

Key discussion topics will include:

The launch of Vision 2030 and its impact on the industryAmbition 2027 and the global transition to next generation barcodesThe transformative impact of emerging technologies like AI and Block chain

About GS1

GS1 is a neutral, not-for-profit standards organisation that is best known for the barcode, named by the BBC as one of “the 50 things that made the world economy.” GS1 standards improve the efficiency, safety and visibility of supply chains across physical and digital channels in 25 sectors. GS1 standards enable organisations to identify, capture and share information seamlessly. Our scale and reach – local Member Organisations in 118 countries, more than 2 million user companies and 10 billion transactions every day –ensure that GS1 standards create a common language that supports systems and processes across the globe. Find out more at www.gs1.org.

About GS1 India

GS1 India is a member organisation affiliated to GS1 Global. It has been setup by the Ministry of Commerce, Govt. of India along with trade bodies like CII, FICCI, IMC, ASSOCHAM, APEDA, FIEO and organisations such as Spices Board, Indian Institute of Packaging and BIS. Find out more at www.gs1india.org.

The GS1 General Assembly is an annual meeting which brings entire GS1 global community together and where organisation’s key decisions and global disruptions are discussed.

 

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COMPUTEX 2025 Gathers Global Tech Minds to Explore AI-Driven Industrial Evolution

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TAIPEI, May 19, 2025 /PRNewswire/ — COMPUTEX TAIPEI 2025, one of the global iconic exhibitions for AI and innovation, will officially open tomorrow, May 20, at the Taipei Nangang Exhibition Center Halls 1 and 2. The event brings together 1,400 exhibitors from 34 countries and regions to showcase their innovations across 4,800 booths. This year, COMPUTEX continues to lead the global tech ecosystem, inviting major industry players—NVIDIA, Qualcomm, Foxconn, MediaTek, NXP, and other tech giants to deliver keynote speeches. Leading research firm Gartner is also invited to provide in-depth insights into AI technologies and industry trends, collectively exploring cutting-edge innovation and emerging business opportunities.

According to Gartner, global spending on generative AI will reach US$ 644 billion in 2025. Companies are investing billions annually to improve the scale, performance, and reliability of generative AI models. AI is expected to become a standard built-in feature in future consumer electronics. In response to this AI-driven economic transformation, COMPUTEX 2025 is themed “AI Next” and focuses on AI & Robotics, Next-Gen Tech, and Future Mobility, echoing global trends in AI innovation and industrial transformation.

James Huang, Chairman of Taiwan External Trade Development Council (TAITRA), remarked, “AI is transforming industries at an unprecedented pace—from algorithmic breakthroughs to broader accessibility. Taiwan, with its leadership in semiconductors and innovation, is driving this global shift. COMPUTEX 2025 spotlights AI & robotics, next-gen technologies, and future mobility as the cornerstones of the next wave of innovation.”

Paul S.L. Peng, Chairman of the Taipei Computer Association, said: “Taiwan stands strong in the AI era with its world-class semiconductor supply chain, cutting-edge software-hardware integration, and real-world solutions for challenges like smart aging and labor resilience.”

COMPUTEX Keynotes: Industry Titans to Lead the Conversation and Explore AI-Driven Industry Transformation

The COMPUTEX Keynote series will feature world-leading tech executives from around the world, including Jensen Huang, CEO of NVIDIA; Cristiano Amon, CEO of Qualcomm; Young Liu, Chairman of Foxconn Technology Group; Dr. Rick Tsai, Vice Chairman and CEO of MediaTek; Jens Hinrichsen, EVP of NXP, and more. These industry heavyweights will provide multi-perspective insights on AI applications in communications, automotive, smart manufacturing, and edge computing, offering the latest breakthroughs and charting the future direction of global industries.

COMPUTEX Forum: A Deep Dive into the AI Ecosystem

The COMPUTEX Forum will spotlight the development of the AI ecosystem through two focused sessions:

Morning session: Industry experts from NVIDIA, Google DeepMind, Texas Instruments, Advantech, and others will discuss business opportunities in AI robotics and edge computing, as well as how these technologies are reshaping industries.

Afternoon session: Speakers from Arm, Intel, Adobe, Cadence, and other tech-leading brands will share the next evolution of generative AI applications and real-world use cases. Additionally, leading companies, including bp Castrol, Infineon, Seagate, Schneider Electric, and Compal, will present highly efficient AI data center solutions, addressing the growing demands for AI computing power and data capacity.

InnoVEX 2025 Upgraded: Asia’s Innovation Hub for Startups

COMPUTEX’s InnoVEX—Asia’s premier innovation and startup platform—returns with record momentum. Nearly 450 startup teams from 24 countries will participate. Ten countries—including Belgium, France, Thailand, Israel, Japan, and more—will feature national pavilions. Global leading accelerators and venture capital firms like NVIDIA Inception, Garage+, and StarFab will connect with startups to foster collaboration and cross-border growth. The InnoVEX Forum will feature talks by leaders from AWS, Qualcomm, Google Cloud, NVIDIA, and more, sharing insights into AI innovation and trends. Other show events, such as startup pitch competitions and Global Demo Day, will further highlight the dynamic international startup scene.

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SOURCE COMPUTEX

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Blubrry Podcasting to Exhibit at The Podcast Show London, May 21-22

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Daily RØDECaster Duo giveaways and face–to–face advice from CEO Todd Cochrane highlight Blubrry’s commitment to helping creators start, grow, or migrate their podcasts.

COLUMBUS, Ohio, May 19, 2025 /PRNewswire/ – Blubrry Podcasting, a global leader in podcast hosting and analytics, will be on the show floor at The Podcast Show London, May 21-22, at the Business Design Centre, Islington. Europe’s largest festival for the business of podcasting is expected to draw thousands of creators, brands, and industry leaders.

Meet the Experts – Todd Cochrane

Blubrry’s CEO and podcast–industry pioneer, Todd Cochrane, will be available both days alongside Dave Clements from our support team to answer attendee questions on everything from launch strategy to large–scale network migrations. Visitors can learn about Blubrry’s complete product line first–hand and get personalized recommendations designed to fast–track show growth.

“Blubrry was built by podcasters, for podcasters,” Cochrane said. “Whether you’re starting your first show or moving a network of 100 shows, our team and our technology make the transition seamless, so creators can focus on what matters — storytelling.”

What Blubrry Will Showcase

AI–Powered Podcast Tools – script writing, episode summaries, social clips and more to speed up production and promotion. 

Save hours in prep and post; produce richer, SEO–ready content.

Hosting PlansPro, Premium & Private – unlimited Pro Hosting for networks, fully managed Premium subscriptions, and secure Private/internal podcast delivery.

Scales from indie shows to enterprise–level training or member–only content.

IAB–Certified Podcast Statistics – trusted, advertiser–ready analytics that meet the latest IAB Tech Lab standards, and re-certified in 2025

Accurate data drives growth, monetization, and sponsorship ROI.

Daily RØDECaster Duo Giveaway

Each afternoon of the expo, Blubrry will draw one lucky raffle participant to win a brand–new RØDECaster Duo — the compact production studio perfect for on–the–go recording. Attendees must stop by the Blubrry stand and fill out a form to enter (one entry per person, per day).

Where to Find Blubrry

The Blubrry team will be located in the main exhibition hall of the Business Design Centre — at the top of the stairs. Demo appointments can be booked in advance through The Podcast Show London app or by emailing Cochrane at todd@blubrry.com.

About Blubrry Podcasting

Founded in 2005, Blubrry provides end–to–end podcast solutions including AI–assisted production tools, flexible hosting (Standard, Advanced, Pro, Premium, and Private), IAB–certified statistics, monetization options, and award–winning customer support. Millions of downloads are served through Blubrry each day, powering shows in over 150 countries. Learn more at blubrry.com.

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