Latest News: Target Drones Market Expected to Grow at 6.3 Billion In Revenue by 2025

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The Target Drones Market is projected to grow from USD 4.4 Billion in 2020 to USD 6.3 Billion by 2025, at a CAGR of 7.6% during the forecast period. This report spread across 195 pages, profiling 20 companies and supported with 144 tables and 55 figures are now available in this research.

Top Companies Profiled in the Target Drones Market:

  • The Boeing Company (US)
  • QinetiQ Group plc (UK)
  • Northrop Grumman Corporation (US)
  • Kratos Defense & Security Solutions Inc. (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)

 

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“Based on end use, aerial target drones segment is projected to drive the target drones market by 2025”

Based on end use, the aerial targets segment is projected to lead the target drones market by 2025 due to its wide acceptance across the world in military training. Aerial targets include all unmanned aerial target vehicles; about 80% of target drones acquired by armed forces worldwide fall under this category. Jet engines as well as internal combustion engines are used in aerial target drones.

 

“Based on end-use sector, the defense segment is projected to lead the target drones market over the forecast period”

Target drones are used by military forces worldwide to perform various defense-related tasks due to their extreme endurance capabilities and potential for high-altitude threat simulation. Target drones offer the best solution for all aspects of threat simulation, such as realism, cost, and operational effectiveness, which, in turn, improve overall training effectiveness.

 

Breakdown of primary participants’ profile:

  • By Company Type: Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%
  • By Designation: C-Level Executives– 35%, Directors – 25%, and Others – 40%
  • By Region: North America –45%, Europe – 20%, Asia Pacific – 30%,Rest of the World –5%

 

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