Military Drone Market Strategies, Top Players

 The Military Drone Market size is projected to reach US$ 27.63 billion by 2031 from US$ 12.93 billion in 2023. The market is expected to register a CAGR of 10.0% in 2023–2031. Technological advancement in military drones is their capability to refuel manned vehicles in the air. This is considered as a major achievement in the era of manned-unmanned teaming operations. For instance, in September 2021, Boeing’s MQ-25 Stingray drone refueled an F-35 joint strike fighter, as a part of the testing performed by the US Navy. With this, US Navy allocated a budget of US$ 16.8 billion for the MQ-25 Stingray drones to utilize their ability to refuel F-35Cs, F/A-18s, and other carrier-operated air platforms. In addition to their popular use in ISR and warfare applications, using military drones for refueling would increase their demand in the coming years.

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The procurement and deployment of technologically advanced military drones play a vital role in boosting the security of any country. A bird’s-eye view provided by drones helps in real-time monitoring and detects unwanted activities across national borders. It also helps detect or destroy the enemy or harmful incomings within the borders. Although drones may capture images, recognizing people in crowded spaces becomes challenging. Therefore, researchers and security agencies are engaged in developing an effective technology for the facial recognition of people in crowded places. According to an article published by Mantra Softech (India) Pvt. Ltd. in October 2021, the US military is working on facial recognition solutions through the “Advanced Tactical Facial Recognition at a Distance Technology” project at US Special Operations Command (SOCOM) and the “Intelligence Advanced Research Projects Activity (IARPA) Biometric Recognition and Identification” as a part of the Altitude and Range initiative. In addition, the US is engaged in bringing facial recognition technology into action to boost the efficiency of its military operations. In February 2023, RealNetworks, Inc., a provider of AI and computer vision-based products, signed a US$ 729,056 contract with US Air Force to deploy its facial recognition technology, SAFR, on small drones for special operations. Thus, the growing trend of using military drones integrated with facial recognition technology would trigger their demand in the coming years.