Global Target Drone Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Engine Type;

IC Engine, Turbojet and Others.

By Target Type;

Aerial Target, Ground Target, Sea Target and Others.

By Function;

Full-Scaled, Sub-Scaled, Free Flying, Towing and Sporting.

By Payloads;

Scoring System, Miss Distance Indicators (MDI) Systems, Identification Friend-Or-Foe (IFF), Active & Passive Radar Augmentation and Others.

By End Use;

Defense, Homeland Security and Commercial.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn320609259 Published Date: April, 2024 Updated Date: May, 2024

Introduction

Global Target Drone Market (USD Million), 2020 - 2030

In the year 2023, the Global Target Drone Market was valued at USD 5,153.44 million. The size of this market is expected to increase to USD 8,494.28 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 7.4%.

The global target drone market serves a crucial role in modern military training and testing scenarios, providing realistic and cost-effective targets for aerial combat training, missile testing, and anti-aircraft weapon evaluation. Target drones, also known as unmanned aerial targets or remotely piloted targets, mimic the flight characteristics of enemy aircraft or missiles, allowing military forces to train under realistic conditions without risking human lives or expensive manned aircraft. With increasing emphasis on realistic training exercises and the development of advanced weapon systems, the demand for target drones continues to grow worldwide.

Key drivers fueling the growth of the global target drone market include the rising complexity of modern warfare scenarios and the need for realistic training environments. As military operations become increasingly diverse and dynamic, armed forces require versatile and adaptable training solutions to prepare their personnel effectively. Target drones offer a cost-efficient means to simulate various threat scenarios, including aerial combat, sea-skimming missiles, and low-altitude attacks, enabling military personnel to hone their skills and tactics in a controlled and realistic setting.

Moreover, advancements in drone technology, including improvements in flight performance, autonomy, and payload capacity, are driving innovation in the target drone market. Modern target drones feature sophisticated flight control systems, GPS navigation, and onboard sensors, allowing for precise and repeatable flight profiles. Additionally, the integration of artificial intelligence and machine learning capabilities enables target drones to emulate the behavior of advanced threat systems more accurately. With ongoing technological advancements and increasing investments in research and development, the global target drone market is poised for continued expansion, catering to the evolving training and testing needs of defense organizations worldwide.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Engine Type
    2. Market Snapshot, By Target Type
    3. Market Snapshot, By Function
    4. Market Snapshot, By Payloads
    5. Market Snapshot, By End Use
    6. Market Snapshot, By Region
  4. Global Target Drone Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Military Training Needs
        2. Cost-effectiveness
        3. Technological Advancements
      2. Restraints
        1. Regulatory Constraints
        2. Safety Concerns
        3. Limited Payload Capacity
      3. Opportunities
        1. Emerging Markets
        2. Integration of AI
        3. Customization for Specific Training Scenarios
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Target Drone Market, By Engine Type, 2022 - 2032 (USD Million)
      1. IC Engine
      2. Turbojet
      3. Others
    2. Global Target Drone Market, By Target Type, 2022 - 2032 (USD Million)
      1. Aerial Target
      2. Ground Target
      3. Sea Target
      4. Others
    3. Global Target Drone Market, By Function, 2022 - 2032 (USD Million)
      1. Full-Scaled
      2. Sub-Scaled
      3. Free Flying
      4. Towing
      5. Sporting
    4. Global Target Drone Market, By Payloads, 2022 - 2032 (USD Million)
      1. Scoring System
      2. Miss Distance Indicators (MDI) Systems
      3. Identification Friend-Or-Foe (IFF)
      4. Active & Passive Radar Augmentation
      5. Others
    5. Global Target Drone Market, By End Use, 2022 - 2032 (USD Million)
      1. Defense
      2. Homeland Security
      3. Commercial
    6. Global Target Drone Market, By Geography, 2022 - 2032 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Kratos Defense & Security Solutions
      2. Northrop Grumman Corporation
      3. The Boeing Company
      4. QinetiQ Group plc
      5. Airbus SE
      6. Lockheed Martin Corporation
      7. AeroTargets International LLC
      8. Leonardo S.p.A.
      9. BAE Systems plc
      10. Saab AB
  7. Analyst Views
  8. Future Outlook of the Market

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