Market Overview:
Global
Target Drone Market Size Was Valued at USD 5.04 billion In 2021 And Is
Projected to Reach USD 8.20 billion By 2028, Growing at A CAGR of 7.20% From
2022 To 2028.
Target
drones are a specific type of unmanned aerial vehicle (UAV) that are
operated remotely for multiple purposes, including weapon systems testing and
evaluation, counter-artillery operations, and anti-aircraft crew training.
These drones play an essential role in ensuring the dependability, performance,
and cost-effectiveness of various weapons and training programs, thereby
contributing to the readiness of defense forces. Despite their varying shapes
and sizes, target drones have essential components such as micro-motors,
batteries, sensors, and controllers. Over the past decade, the development of
target drones has resulted in lower costs and greater accessibility for both
consumers and businesses, thanks to the use of smartphone parts.
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The
Report Will Contains A Crucial Chapter
·
Regulatory Framework
·
Technology Roadmap
·
BCG Matrix
·
Heat Map Analysis
·
Price Trend Analysis
·
Investment Analysis
·
Company Profiling and
Competitive Positioning
·
Industry Value Chain
Analysis
·
Market Dynamics and
Factors
·
Porter’s Five Forces
Analysis
·
Pestle Analysis
· SWOT Analysis
Market Dynamics and Factors:
The target drone market is expected to experience
growth due to the increasing use of these drones in the defense sector. These
drones are utilized in various operations such as weapon system testing and
evaluation, counter-artillery operations, and anti-aircraft crew training.
Target drones play a crucial role in ensuring the reliability, effectiveness,
and cost efficiency of several weapons and training programs, which aids in
enhancing the readiness of defense forces. Therefore, the demand for target
drones is likely to rise, which will lead to the expansion of the target drone
market.
An opportunity for the growth of the target drone
market is presented by the increasing investments made by both governments and
private companies. The surge in defense expenditure across the globe has led to
a demand for advanced and innovative technologies such as target drones.
Moreover, private firms are investing in target drones for a variety of
applications, driving demand from various sectors. Additionally, manufacturers
are expanding their production capabilities to fulfill the market demand,
creating further growth prospects for the target drone market.
Top
Key Players Covered in The Target Drone Market:
·
The Boeing Company (US)
·
QinetiQ Group plc (UK)
·
Northrop Grumman
Corporation (US)
·
Kratos Defense &
Security Solutions Inc. (the US)
·
Airbus Group
(Netherlands)
·
Lockheed Martin
Corporation (US)
·
Leonardo S.p.A. (Italy)
·
BSK Defense S.A. (Greece)
·
Air Affairs Australia Pty
Ltd (Australia)
·
Saab AB (Sweden)
·
AeroTargets International
LLC (US)
·
L3 ASV (UK)
·
BAE Systems (UK)
·
Raytheon (US)
·
General Dynamics
Corporation (US)
·
Almaz-Antey (Russia)
·
Thales (France)
·
Embention (Spain)
·
Griffon Aerospace (US)
· Denel Dynamics (South Africa) and other major players.
The Target Drone Market Report Highlight:
·
By Engine Type, the Internal
Combustion Engine segment is anticipated to lead the growth of the Target Drone
market in the forecasted timeframe. They offer higher power and better
performance, which is essential for target drones that need to fly at high
speeds and perform complex maneuvers.
·
By
Platform, the Arial target segment is expected to have
the highest share of the Target Drone market over the projected period. These
target drones are extensively used for testing and evaluating weapon systems,
training anti-aircraft crews, conducting counter-artillery operations, and
simulating enemy aircraft for air-to-air combat training.
·
Bye End User, the Defense
segment is anticipated to lead the growth of the Target Drone market in the
forecasted timeframe. Due to the increasing demand for target drones in
military applications such as weapon system testing and evaluation,
counter-artillery operations, and anti-aircraft crew training.
·
The
North American region is expected to have the highest share of the Target
Drone market over the projected period. Due to the presence of major
manufacturers and suppliers of target drones, as well as the high defense
spending by the United States government.
Key Industry Development:
In
February 2022, AeroVironment, Inc., a world leader in astute, multi-domain robotic
systems, has been awarded an $8,541,428 firm-fixed-price Foreign Military Sales
(FMS) contract by the United States Department of Defense to provide PumaTM 3
AE small unmanned aircraft systems (UAS), initial spares packages, training,
and support to an allied nation.
Target Drone Market Segmentation:
By
Engine Type
·
Internal Combustion
Engine
·
Jet Engine
·
Others
By
Platform
·
Aerial Targets
·
Ground Targets
·
Underwater Targets
·
Sea Surface Targets
By
End User
·
Defense
·
Homeland Security
· Commercial
For
this report, Introspective Market Research has segmented the Target Drone Market
based on region:
Regional
Outlook (Revenue in USD Million; Volume in Units, 2022-2028)
o US
o Canada
o Mexico
·
Eastern Europe
o Bulgaria
o The
Czech Republic
o Hungary
o Poland
o Romania
o Rest of Eastern Europe
·
Western Europe
o Germany
o UK
o France
o Netherlands
o Italy
o Russia
o Spain
o Rest of Western Europe
·
Asia Pacific
o China
o India
o Japan
o South
Korea
o Malaysia
o Thailand
o Vietnam
o The
Philippines
o Australia
o New
Zealand
o Rest of APAC
·
Middle East & Africa
o Turkey
o Bahrain
o Kuwait
o Saudi
Arabia
o Qatar
o UAE
o Israel
o South Africa
·
South America
o Brazil
o Argentina
o Rest of SA
Scope of the Report:
The latest research on the Target Drone market
provides a comprehensive overview of the market for the years 2022 to 2028. It
gives a comprehensive picture of the global Target Drone industry, considering
all significant industry trends, market dynamics, competitive landscape, and
market analysis tools such as Porter's five forces analysis, Industry Value
chain analysis, and PESTEL analysis of the Target Drone market. Moreover, the
report includes significant chapters such as Patent Analysis, Regulatory
Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend
Analysis, and Investment Analysis which help to understand the market direction
and movement in the current and upcoming years. The report is designed to help
readers find information and make decisions that will help them grow their
businesses. The study is written with a specific goal in mind to give business
insights and consultancy to help customers make smart business decisions and
achieve long-term success in their particular market areas.
Table
of Content:
Chapter 1: Introduction
1.1
Research Objectives
1.2
Research Methodology
1.3
Research Process
1.4
Scope and Coverage
1.4.1
Market Definition
1.4.2
Key Questions Answered
1.5
Market Segmentation
Chapter 2: Executive Summary
Chapter 3: Growth Opportunities By Segment
3.1
By Engine Type
3.2
By Platform
3.3
By End Users
Chapter 4: Market Landscape
4.1
Porter's Five Forces Analysis
4.1.1
Bargaining Power of Supplier
4.1.2
Threat of New Entrants
4.1.3
Threat of Substitutes
4.1.4
Competitive Rivalry
4.1.5
Bargaining Power Among Buyers
4.2
Industry Value Chain Analysis
4.3
Market Dynamics
4.3.1
Drivers
4.3.2
Restraints
4.3.3
Opportunities
4.5.4
Challenges
4.4
Pestle Analysis
4.5
Technological Roadmap
4.6
Regulatory Landscape
4.7
SWOT Analysis
4.8
Price Trend Analysis
4.9
Patent Analysis
4.10
Analysis of the Impact of Covid-19
4.10.1
Impact on the Overall Market
4.10.2
Impact on the Supply Chain
4.10.3
Impact on the Key Manufacturers
4.10.4
Impact on the Pricing
Chapter 5: Target Drone Market by Engine Type
5.1
Target Drone Market Overview Snapshot and Growth Engine
5.2
Target Drone Market Overview
5.3
Internal Combustion Engine
5.3.1
Introduction and Market Overview
5.3.2
Historic and Forecasted Market Size (2016-2028F)
5.3.3
Key Market Trends, Growth Factors and Opportunities
5.3.4
Internal Combustion Engine: Geographic Segmentation
Continue.
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