The global defense drone market forecast to be valued at $16,902.0 million by 2028 , surging from $9,314.9 million in 2020 , at a noteworthy CAGR of 7.9% . Analysis of Covid-19 Impact on Defense Drone Market The Covid-19 impact on defense drone market demand has been negative. The restrain in the global industrial production due to imposed lockdowns across the globe has disturbed supply chain defense equipment manufacturing industry hindering the growth of defense drone market. Major companies in this sector such as Northrop Grumman Corporation, Lockheed Martin Corporation, and others have experienced a reduction in demand in the defense drone market. These factors are expected to negatively impact the market growth. The coronavirus epidemic has enforced the companies in the defense drone industry for the adoption of new methods of operation such as implementation of predictive analytics to forecast losses accurately and virtual monitoring of the ...
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