Global Target Drone Market | Global Target Drone Industry

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Target drones are similar to unmanned aerial vehicles. Target drones can be used for ground targets, aerial targets, underwater targets, and sea surface targets. It is popularly used in the defense industry mostly for training in anti-aircraft warfare. Besides, it is used to simulate manned aircraft in radar, counter-air defense, and homeland security. In addition, the application of target drones has increased necessity in military training related to anti-missile and anti-submarine and in weapon calibration testing. The rising funds in the defense industry focused on training in several emerging nations are an important factor boosting the target drones market.

According to study, “Global Target Drone Market to reach USD XX billion by 2027” the key companies operating in the global target drone market are Boeing Company, Northrop Grumman Corporation, Aero Targets International LLC, Kratos Defense & Security Solutions, Inc., ASV Global, BSK Defense S.A., Leonardo S.p.A., Airbus Group, Lockheed Martin Corporation, Qinetiq Group PLC, and Saab AB

Based on engine type, target drone market is segmented as wankel engine, piston engine, turboprop engine and turbojet engines. The turbojet engine dominates the global market owing to its simplicity of construction, ease of operating and maintenance & lower costs. Based on fit, market is segmented as retrofit and line-fit. Based on target type, market is segmented as ground, aerial and water-based targer. The aerial targets hold major share in global market due to growth in adoption of aerial drones in military practices across the world. Based on function type, market is segmented as sub-scaled, full-scales, towing, free flying and sporting. Based on payload, market is segmented as Miss Distance Indicators (MDI) Systems, scoring system, Active & Passive Radar Augmentation, Identification Friend-Or-Foe (IFF) and others. In addition, based on end-users, market is segmented as homeland security, defense and commercial. The defense segment is estimated to witness higher growth rate due to rise in use of target drones for anti-missile, anti-aircraft and anti-submarine military training during the forecast period.

The target drone market is driven by increase in advantages of target drones over manned target vehicles, followed by rise in emphasis on enhanced military training and increase in research & development (R&D) investment. However, lack of sustainable power sources to improve endurance of drones and lack of skilled & trained personnel may impact the market. Moreover, rise in demand for target drones for homeland security applications and increase in defense budgets of major economies are key opportunities for market.

Based on geography, the North-American region is a leading region in global target drone market owing to increase in the budget allocated for target drones and rise in investment in training programs in the defense in the US. The European and Asian-Pacific regions are anticipated to witness higher growth rate due to increase in procurement of state-of-the-art equipment for military training programs over the forecast period. It is estimated that future of the global target drone market will be bright as a result of increase in funding for the military training program during the forecast period.

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Global Target Drone Market

Related Reports:-

Global Target Drone Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread)

Global Target Drone Market Report 2019, Competitive Landscape, Trends and Opportunities

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