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Military and Defense Drone Industry Witnessing Exponential Growth as Improved Technology and Products Hit the Market
PALM BEACH, Fla., March 20, 2025 (GLOBE NEWSWIRE) -- FN Media Group News Commentary -...
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[{"type":"text","content":"Military and Defense Drone Industry Witnessing Exponential Growth as Improved Technology and Products Hit the Market\n\n\n\n PALM BEACH, Fla., March 20, 2025 (GLOBE NEWSWIRE) --\n \n\n FN Media Group\n \n\n\n News Commentary\n \n - A recent report from Straits Research said that the global military drone market size was valued at USD $21.81 billion in 2024 and is expected to grow from USD $24.25 billion in 2025 to reach USD $56.69 billion by 2033, growing at a CAGR of 11.20% during the forecast period (2025-2033).  The\n \n report\n \n said: “A military drone, also known as an unmanned aerial vehicle (UAV), is a type of aircraft that operates without a human pilot on board. These drones are equipped with advanced technologies for surveillance, reconnaissance, intelligence gathering, and, in some cases, targeted strikes. Military drones are used extensively in modern warfare for a variety of roles, including combat, surveillance, logistical support, and search-and-rescue missions.  The global market is experiencing rapid growth, driven by technological advancements and increasing global demand for enhanced surveillance, intelligence, and reconnaissance capabilities. As nations recognize the strategic advantages of unmanned aerial systems (UAS) in military operations, drones are increasingly deployed in both combat and non-combat roles.”  Active companies in the markets this week include:\n \n Draganfly Inc.\n \n (NASDAQ: DPRO) (CSE: DPRO),\n \n RTX Corporation\n \n (NYSE: RTX),\n \n Kratos Defense & Security Solutions, Inc.\n \n (NASDAQ: KTOS),\n \n Northrop Grumman Corporation\n \n (NYSE: NOC),\n \n Lockheed Martin\n \n (NYSE: LMT).\n \n\n Straits Research continued: “Despite the promising growth, there are significant challenges facing the global market, including complex regulatory issues and ethical concerns surrounding the use of autonomous weapons. However, innovations in artificial intelligence (AI), miniaturization, and battery life are expected to open new growth opportunities, enabling more advanced, efficient, and versatile drone capabilities in the near future.  The integration of emerging technologies into military drones presents a significant growth opportunity for the market. Technologies such as artificial intelligence (AI),\n \n mach...