航空、航天器及设备制造系列：2024年中国军用无人机行业概览（摘要版）

Industry Investment Rating - The report does not explicitly provide an investment rating for the military UAV industry [1] Core Viewpoints - Military UAVs are becoming a primary combat tool due to their flexibility and low detectability, as demonstrated in conflicts like the Russia-Ukraine war [3] - The UAV system (UAS) will play a diversified role in future wars, including reconnaissance, special operations, and information warfare [3] - China's military UAV market has experienced rapid growth, with a CAGR of 11.98% from 2019 to 2023, and is expected to reach $6.11 billion by 2028 with a CAGR of 15.99% [3][8] Market Overview - The global security situation has deteriorated since 2022, with increased armed conflicts and military spending, driving demand for military UAVs [2] - In 2023, Ukraine's drone production capacity increased 130-fold, with over 100,000 drones delivered to the frontlines [2] - China's military UAV market grew from $1.85 billion in 2019 to $2.91 billion in 2023, and is projected to reach $6.11 billion by 2028 [3][8] Industry Drivers and Trends - The frequency of armed conflicts is positively correlated with the use of military UAVs, with a correlation coefficient of 0.6 [5] - The integration of reconnaissance and strike capabilities (recon-strike) is becoming the mainstream product direction globally [5] - Future trends focus on enhancing stealth, intelligence, and coordination capabilities of UAVs [5] Technological Advancements - Russia's "Shahed-136" drones have been effectively used in coordinated attacks, showcasing the potential of drone swarm tactics [3] - The UAS includes not only the UAV but also mission payloads, ground control systems, communication devices, and launch/recovery systems [3] - The X-47B represents the cutting edge of military UAV technology, featuring stealth, high-speed capabilities, and AI-driven autonomous operations [5] Market Expansion and Policy Influence - China's military UAV exports have significantly contributed to market growth, with products like the "Wing Loong II" securing international orders [9] - The Chinese government's policy support, including the "UAV System Development White Paper," has driven domestic demand for military UAVs [9] Industry Chain Analysis - The military UAV industry chain involves high-end composite materials like carbon fiber and stealth coatings in the upstream [6] - Midstream components include power systems and other subsystems, primarily developed by state-owned enterprises [6]