Military drones are a booming market

The global military drones market reached a value of nearly $13,309.0 million in 2021, having increased at a compound annual growth rate (CAGR) of 2.5% since 2016. The market is expected to grow from $13,309.0 million in 2021 to $18,908.6 million in 2026 at a rate of 7.3%. The market is then expected to grow at a CAGR of 6.1% from 2026 and reach $25,399.7 million in 2031, according to a new report by Researchandmarkets