Global MALE & HALE UAV's Market Worth USD 12.4Bn by 2031

The MALE & HALE UAV’s market is at a stage of technological advancements. Crucial mission capabilities and applications, along with the technology, have the potential to increase the growth as well as expand revenue of the market. The global market is projected to grow to USD 12.4 billion by 2031, at a CAGR of 14% from 2023 to 2031.

Avionics, artificial intelligence (AI), machine learning (ML), edge computing, internet of things (IoT), cloud computing, and additive manufacturing are the technological innovations are making these platforms very effective and driving the demand for them. These technologies improve automation, efficiency, information gathering, and precise attack capabilities of the platform. The innovations enable seamless operations of the complete Unmanned Aerial System (UAS), from ground control station to the actual UAV itself.

There has been an increased spending and investment on MALE & HALE UAV’s around the world. The higher amount of procurement and new development programmes are driving the market. Additionally, the cost effectiveness and safety of human assets are also expected to contribute to the growth of demand for these platforms. The successful deployment of these platforms in battlefields has revolutionised the way militaries operate and deploy them. This is also expected to drive the market globally.

Market Forecast’s study “MALE & HALE UAV’s – Market and Technology Forecast to 2031”, provides a detailed analysis of the market, focusing on the current and future technologies, the requirements and the opportunities of a cumulative market worth in excess of US$ 81,363 million over the forecasted period.

The study is an important tool for those that want to enter the market and position themselves against the competition at this early stage. It is also a must for business developers that want to gain an insight of the upcoming technologies, the defence budgets and spending patterns around the world.