Latin America Military Drone Market Size & Outlook
The military drone market in Latin America is expected to reach a projected revenue of US$ 4,556.7 million by 2030. A compound annual growth rate of 15% is expected of Latin America military drone market from 2025 to 2030.
Revenue, 2024 (US$M)
$1,989.8
Forecast, 2030 (US$M)
$4,556.7
CAGR, 2025 - 2030
15%
Report Coverage
Latin America
Related Markets
Latin America military drone market highlights
- The Latin America military drone market generated a revenue of USD 1,989.8 million in 2024.
- The market is expected to grow at a CAGR of 15% from 2025 to 2030.
- In terms of segment, fixed-wing was the largest revenue generating type in 2024.
- Hybrid is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2025 to 2030.
Latin America data book summary
| Market revenue in 2024 | USD 1,989.8 million |
| Market revenue in 2030 | USD 4,556.7 million |
| Growth rate | 15% (CAGR from 2025 to 2030) |
| Largest segment | Fixed-wing |
| Fastest growing segment | Hybrid |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fixed-Wing, Rotary Blade, Hybrid |
| Key market players worldwide | AeroVironment Inc, Elbit Systems Ltd, Lockheed Martin Corp, Northrop Grumman Corp, RTX Corp, Shield AI, DJI, Teal Drones, Thales Group, The Boeing Company |
Other key industry trends
- In terms of revenue, Latin America region accounted for 4.9% of the global military drone market in 2024.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 26,376.1 million by 2030.
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Military Drone Market Scope
Military drone market segmentation & scope
Military Drone Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Teal Drones | View profile | 11-50 | Salt Lake City, Utah, United States, North America | https://tealdrones.com/ |
| Shield AI | View profile | 501-1000 | San Diego, California, United States, North America | http://www.shield.ai |
| The Boeing Company | View profile | 10001+ | Arlington, Virginia, United States, North America | http://www.boeing.com |
| DJI | View profile | 10001+ | Shenzhen, Guangdong, China, Asia | http://www.dji.com/ |
| Thales Group | View profile | 10001+ | Paris, Ile-de-France, France, Europe | http://www.thalesgroup.com |
| AeroVironment Inc | View profile | 1279 | 241 18th Street South, Suite 415, Arlington, VA, United States, 22202 | https://www.avinc.com |
| Northrop Grumman Corp | View profile | 101000 | 2980 Fairview Park Drive, Falls Church, VA, United States, 22042 | https://www.northropgrumman.com |
| Elbit Systems Ltd | View profile | 18984 | Advanced Technology Center, P.O. Box 539, Haifa, Israel, 3100401 | https://www.elbitsystems.com |
| Lockheed Martin Corp | View profile | 122000 | 6801 Rockledge Drive, Bethesda, MD, United States, 20817 | https://www.lockheedmartin.com |
| RTX Corp | View profile | 185000 | 1000 Wilson Boulevard, Arlington, VA, United States, 22209 | https://www.rtx.com |
Latin America military drone market size, by country, 2018-2030 (US$M)
Latin America Military Drone Market Outlook Share, 2024 & 2030 (US$M)
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