The global military drone market is rapidly developing

In recent years, in multiple local conflicts, drones have performed outstandingly and become an important factor affecting the overall situation. More and more countries are increasing their research and procurement efforts for military drones. Foreign media predict that the military drone market will continue to grow in the next 10 years.
Global market prosperity
According to an analysis report by Global Data consulting firm, the global military drone market will grow at a compound growth rate of 4.8% by 2034, and the total market value will increase from the current $12.4 billion to $20 billion by 2034.
According to regional distribution, the Asia Pacific region will account for 44.6% of the global military drone market share and be in a leading position. Analysis indicates that countries in the Asia Pacific region are influenced by the United States and Europe, which is driving the continued increase in the activity of the military drone market in the region. India is a major importer of military drones, accounting for approximately 20% of the global market. In February this year, India's contract to purchase 31 MQ-9B Skyguard drones for approximately $3.9 billion was approved by the US Congress. Japan plans to invest 1 trillion yen (approximately 7 billion US dollars) in the construction of drone capabilities from 2023 to 2028, which is 10 times the amount invested in the previous five years. Australia has invested AUD 400 million (approximately USD 270 million) to develop the first domestically produced MQ-28 Phantom Bat drone, and has built a new production base for the drone, which is expected to be operational within 3 years.
The European region will account for 30.2% of the global military drone market share. Inspired by war experience and factors such as a decrease in the number of recruits, many European countries are accelerating the construction of drone capabilities. In February this year, France invested 30 million euros (approximately 32 million US dollars) to purchase 15 sets of micro drone systems. In May, Latvia announced an investment of 20 million euros for the procurement of drones and the construction of related infrastructure. The European drone project, jointly developed by France, Germany, Italy, and Spain, with a total value of approximately 7.1 billion euros, passed preliminary design review in May this year and is expected to be delivered starting in 2028.
North America will rank third in the global military drone market. The report points out that the United States has a significant share in the global export market for large and medium-sized unmanned aerial vehicles, relying on its advantages in strike and communication.
The overall market share in the African region is relatively low, but it is showing a good development trend. Egypt has imported over 260 drones, making it the largest drone importing country in Africa. In February this year, Egypt and Türkiye reached an agreement on the introduction of UAVs, and the future procurement will continue to grow. Nigeria has established a drone command center and purchased domestically produced Tisagumi drones to increase the localization rate of drones.