Target Drones Market

Target Drones Market by End-use Sector (Defense, Commercial), End Use (Aerial Targets, Ground Targets, Marine Targets), Application, Mode of Operation, Payload Capacity, Build, Target Type, Engine Type, Speed, Type, and Region - Global Forecast to 2025

Report Code: AS 5186 Jun, 2020, by marketsandmarkets.com
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[195 Pages Report] The target drones market is estimated at USD 4.4 billion in 2020 and is projected to reach USD 6.3 billion by 2025, at a CAGR of 7.6% from 2020 to 2025. Increasing R&D investment and better funding for military training programs are key factors driving the growth of the target drones market.

Target Drones Market

The aerial targets segment is projected to lead the target drones market in 2020

The target drones market has been segmented on the basis of end-use sector, end use, application, mode of operation, payload capacity, build, target type, engine type, speed, type, and region. Based on end use, the target drones market has been classified into aerial targets, marine targets, and ground targets. The aerial targets segment is estimated to lead during the forecast period. This growth of the segment is attributed to the wide adoption of these drones in military practices across the world to replicate enemy aircraft threats.

The defense segment is projected to lead the target drones market

Based on end-use sector, the target drones market is segmented into defense and commercial. The defense sector is expected to lead and grow at a high CAGR during the forecast period from 2020 to 2025. This segment is further classified into military and homeland security in the target drones market. Target drones are used by military agencies across the globe, owing to the benefits they offer to armed forces. An increase in budgetary constraints, a decline in the recruitment of defense personnel, and an increase in the procurement of defense equipment by the US and European countries have necessitated the need to develop cost-effective solutions to accomplish military missions. These factors are driving the target drones market.

Target Drones Market

Asia Pacific projected to have a high growth rate in the target drones market during the forecast period

North America is estimated to lead the target drones market across the forecast period from 2020 to 2025. Asia Pacific is also expected to have a high growth rate due to the increasing procurement of state-of-the-art equipment for military training programs. China is increasing its defense budget to train its military personnel using advanced techniques. An increase in the applicability of target drones in the military sector has propelled their demand in China. Several manufacturers of target drones used for aviation training exercises are based in China.

Similarly, the Indian government is implementing new aviation policies to manufacture aircraft components in India. The ‘Make in India’ policy has allowed 100% FDI in the aerospace sector, which has attracted international aviation companies to India. Such policies have driven the demand for target drones for aviation training exercises in the country. For instance, Hindustan Aeronautics Limited, a premier aircraft manufacturer in India, is manufacturing an unmanned version of a home-grown light combat aircraft (LCA) known as Tejas. These developments have contributed to the growth of the Indian target drones market.

Key Market Players

The key players in the target drones market are 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), and Denel Dynamics (South Africa), among others.

Scope of the Report

Report Metric

Details

Market Size Available for Years

2018–2025

Base Year Considered

2019

Forecast Period

2020-2025

Forecast Units

Value (USD)

Segments Covered

End-use Sector, End Use, Application, Mode of Operation, Payload Capacity, Build, Target Type, Engine Type, Speed, Type, and Region

Regions Covered

North America, Asia Pacific, Europe, Middle East & North Africa, and Rest of the World

Companies Covered

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), and Denel Dynamics (South Africa)

On the basis of end-use sector, the target drones market is segmented as follows:

  • Defense
    • Military
    • Homeland Security
  • Commercial

On the basis of end use, the target drones market is segmented as follows:

  • Aerial Targets
  • Ground Targets
  • Marine Targets
    • Underwater Targets
    • Sea Surface Targets

On the basis of application, the target drones market is segmented as follows:

  • Combat Training
  • Target & Decoy
  • Reconnaissance
  • Target Identification
  • Target Acquisition

On the basis of mode of operation, the target drones market is segmented as follows:

  • Autonomous
  • Remotely Piloted
  • Optionally Piloted

On the basis of payload capacity, the target drones market is segmented as follows:

  • High (>40 kg)
  • Medium (20 kg to 40 kg)
  • Low (<20 kg)

On the basis of build, the target drones market is segmented as follows:

  • Newbuild
  • Converted

On the basis of target type, the target drones market is segmented as follows:

  • Full-scale
  • Subscale
  • Free-flying
  • Towing
  • Sporting

On the basis of engine type, the target drones market is segmented as follows:

  • IC
  • Jet
  • Others

On the basis of speed, the target drones market is segmented as follows:

  • High (> 250mps)
  • Low (< 250mps)

On the basis of type, the target drones market is segmented as follows:

  • Fixed Wing
    • Drones
    • Cruise Targets
  • Rotary Wing

On the basis of region, the target drones market is segmented as follows:

  • North America
  • Europe
  • Asia Pacific
  • Middle East & North Africa
  • Rest of the World

Recent Developments

  • In February 2020, the US Army announced a USD 50 million contract to Griffon Aerospace for MQM-170 Outlaw remotely piloted vehicle targets, and MQM-171 Broadsword unmanned aerial targets.
  • In September 2019, QinetiQ unveiled a new variant of its Banshee target drone at the DSEI 2019 trade show in London. Banshee Next Generation (NG), a twin gas-turbine engine target drone, can reach speeds of over 900 km/h in configuration with half fuel and has a range of more than 100 km.
  • In May 2019, QinetiQ signed a contract with the Indonesian government to provide 59 unmanned Banshee Whirlwind systems. The company completed the delivery of aerial targets and customer training in April 2020.
  • In December 2018, Naval Air Systems Command at Patuxent River Naval Air Station granted a USD 46.5 million contract to Northrop Grumman to build 15 units of GQM-163A.

Key Questions Addressed by the Report

  • What is the growth perspective of the target drones market?
  • What are the key dynamics and trends governing the market?
  • What are the key sustainability strategies adopted by leading players in the target drones market?
  • What are the new and emerging technologies and use cases disrupting the target drones market?
  • What are the application areas in various end-use sectors that are witnessing the adoption of target drones market?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 28)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
    1.3 STUDY SCOPE
           1.3.1 MARKETS COVERED
                    FIGURE 1 TARGET DRONES MARKET SEGMENTATION
           1.3.2 REGIONAL SCOPE
           1.3.3 YEARS CONSIDERED FOR THE STUDY
    1.4 CURRENCY
           TABLE 1 USD EXCHANGE RATES
    1.5 LIMITATIONS
    1.6 MARKET STAKEHOLDERS
    1.7 SUMMARY OF CHANGES
           FIGURE 2 TARGET DRONES MARKET TO GROW AT A LOWER RATE COMPARED TO PREVIOUS REPORT ESTIMATES

2 RESEARCH METHODOLOGY (Page No. - 33)
    2.1 RESEARCH DATA
           FIGURE 3 RESEARCH PROCESS FLOW
           FIGURE 4 RESEARCH DESIGN: TARGET DRONES MARKET
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
    2.2 FACTOR ANALYSIS
           2.2.1 INTRODUCTION
           2.2.2 DEMAND-SIDE INDICATORS
                    2.2.2.1 Rising demand for military equipment
           2.2.3 SUPPLY-SIDE INDICATORS
                    2.2.3.1 Technological advancements in the field of target drones
    2.3 MARKET SIZE ESTIMATION
           2.3.1 BOTTOM-UP APPROACH
                    FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.3.2 TOP-DOWN APPROACH
                    FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.4 MARKET BREAKDOWN AND DATA TRIANGULATION
                    FIGURE 7 DATA TRIANGULATION
    2.5 RESEARCH ASSUMPTIONS

3 EXECUTIVE SUMMARY (Page No. - 41)
    FIGURE 8 TARGET DRONES MARKET, BY ENGINE TYPE, 2020 & 2025 (USD MILLION)
    FIGURE 9 DEFENSE END-USE SECTOR TO LEAD TARGET DRONES MARKET, 2020-2025 (USD MILLION)
    FIGURE 10 AERIAL TARGETS SEGMENT TO LEAD TARGET DRONES MARKET, 2020 & 2025 (USD MILLION)
    FIGURE 11 NORTH AMERICAN TARGET DRONES MARKET TO RECORD HIGHEST CAGR, 2020-2025

4 PREMIUM INSIGHTS (Page No. - 44)
    4.1 ATTRACTIVE OPPORTUNITIES IN TARGET DRONES MARKET
           FIGURE 12 INCREASED FOCUS ON ENHANCED MILITARY TRAINING DRIVES GROWTH OF TARGET DRONES MARKET
    4.2 TARGET DRONES MARKET, BY BUILD
           FIGURE 13 NEWBUILD SEGMENT TO LEAD GLOBAL TARGET DRONES MARKET, 2020-2025 (USD MILLION)
    4.3 TARGET DRONES MARKET, BY APPLICATION
           FIGURE 14 COMBAT TRAINING SEGMENT TO LEAD TARGET DRONES MARKET, 2020-2025 (USD MILLION)
    4.4 TARGET DRONES MARKET, BY REGION
           FIGURE 15 NORTH AMERICAN TARGET DRONES MARKET TO RECORD HIGHEST CAGR, 2020-2025 (USD MILLION)

5 MARKET OVERVIEW (Page No. - 46)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 16 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IMPACTING THE TARGET DRONES MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Increased emphasis on enhanced military training
                               TABLE 2 NUMBER OF ACTIVE CONFLICTS ACROSS THE GLOBE
                    5.2.1.2 Advantages of target drones over manned target vehicles
           5.2.2 RESTRAINTS
                    5.2.2.1 Lack of skilled and trained personnel
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Full-scale conversion of target drones for simulation of a war scenario
                    5.2.3.2 Growing defense budgets of major economies
                               TABLE 3 DEFENSE SPENDING OF MAJOR ECONOMIES
                    5.2.3.3 Demand for target drones for homeland security applications
           5.2.4 CHALLENGES
                    5.2.4.1 Lack of sustainable power sources to improve endurance of drones
                               TABLE 4 ENDURANCE-BASED MAPPING OF POWER SOURCES
                    5.2.4.2 Effect of COVID-19 on supply chain and business development programs
    5.3 AVERAGE SELLING PRICE TREND
           FIGURE 17 AVERAGE SELLING PRICE TREND (2017-2019)
    5.4 VALUE CHAIN ANALYSIS
           FIGURE 18 VALUE CHAIN ANALYSIS: TARGET DRONES MARKET
    5.5 MARKET MAP

6 INDUSTRY TRENDS (Page No. - 53)
    6.1 INTRODUCTION
    6.2 KEY TECHNOLOGY VENDORS
           FIGURE 19 GLOBAL TARGET DRONES MARKET: KEY TECHNOLOGY VENDORS
    6.3 MATURITY MAP OF TARGET DRONES
           FIGURE 20 TARGET DRONES MATURITY STAGES
    6.4 TECHNOLOGY TRENDS
           FIGURE 21 TARGET DRONES MARKET: TECHNOLOGY TRENDS
           6.4.1 SCORING SYSTEMS
           6.4.2 CONVERTED DRONES
           6.4.3 ELECTRONIC COUNTERMEASURES
           6.4.4 CHAFF DISPENSERS
           6.4.5 FLARE DISPENSERS
           6.4.6 RECOVERY SYSTEMS
    6.5 INNOVATION AND PATENT REGISTRATIONS
           TABLE 5 INNOVATION AND PATENT REGISTRATIONS

7 TARGET DRONES MARKET, BY TYPE (Page No. - 58)
    7.1 INTRODUCTION
           TABLE 6 TARGET DRONES USED ACROSS VARIOUS MILITARY PLATFORMS
           FIGURE 22 TARGET DRONES MARKET, BY TYPE, 2020 & 2025 (USD MILLION)
           TABLE 7 TARGET DRONES MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
    7.2 FIXED WING
           TABLE 8 FIXED-WING TARGET DRONES MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
           TABLE 9 FIXED WING TARGET DRONES MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
           7.2.1 DRONES
                    7.2.1.1 Growing demand to simulate enemy threats expected to drive growth of the drones segment
           7.2.2 CRUISE TARGETS
                    7.2.2.1 Demand for cruise targets with high speed expected to surge
                               TABLE 10 CRUISE TARGET DRONES MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
                               TABLE 11 CRUISE TARGET DRONES MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
                    7.2.2.2 Low speed
                    7.2.2.3 Subsonic
                    7.2.2.4 Supersonic
    7.3 ROTARY WING
           TABLE 12 ROTARY WING TARGET DRONES MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)

8 TARGET DRONES MARKET, BY END USE (Page No. - 63)
    8.1 INTRODUCTION
           FIGURE 23 TARGET DRONES MARKET, BY END USE, 2020 & 2025 (USD MILLION)
           TABLE 13 TARGET DRONES MARKET SIZE, BY END USE, 2018-2025 (USD MILLION)
    8.2 AERIAL TARGETS
           8.2.1 INCREASING PROCUREMENT BY ARMED FORCES DRIVES AERIAL TARGETS SEGMENT
    8.3 GROUND TARGETS
           8.3.1 USE IN AIR & GROUND CREW TRAINING DRIVES GROWTH OF GROUND TARGETS SEGMENT
    8.4 MARINE TARGETS
           8.4.1 GROWING NAVAL DEFENSE SECTOR DRIVES DEMAND FOR MARINE TARGET DRONES
                    TABLE 14 MARINE TARGET DRONES MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
           8.4.2 UNDERWATER TARGETS
                    8.4.2.1 Preference for low-cost alternatives to submarines in ASW training fuels market growth of underwater targets
           8.4.3 SEA SURFACE TARGETS
                    8.4.3.1 Increasing naval gunnery training and weapons testing drives growth of sea surface targets segment

9 TARGET DRONES MARKET, BY END-USE SECTOR (Page No. - 67)
    9.1 INTRODUCTION
           FIGURE 24 TARGET DRONES MARKET, BY END-USE SECTOR, 2020 & 2025 (USD MILLION)
           TABLE 15 TARGET DRONES MARKET SIZE, BY END-USE SECTOR, 2018-2025 (USD MILLION)
    9.2 DEFENSE
           TABLE 16 DEFENSE TARGET DRONES MARKET SIZE, BY SECTOR,  2018-2025 (USD MILLION)
           9.2.1 MILITARY
                    9.2.1.1 Wide-scale use of target drones by armed forces for training drives growth of military segment
           9.2.2 HOMELAND SECURITY
                    9.2.2.1 Application of target drones for surveillance and police training expected to drive growth of homeland security segment
    9.3 COMMERCIAL
           9.3.1 INVESTMENT BY PUBLIC AND PRIVATE SECTORS WILL SPUR DEMAND FOR TARGET DRONES IN COMMERCIAL SECTOR

10 TARGET DRONES MARKET, BY TARGET TYPE (Page No. - 70)
     10.1 INTRODUCTION
             FIGURE 25 TARGET DRONES MARKET, BY TARGET TYPE, 2020 & 2025 (USD MILLION)
             TABLE 17 TARGET DRONES MARKET SIZE, BY TARGET TYPE, 2018-2025 (USD MILLION)
     10.2 FULL-SCALE TARGETS
             10.2.1 CONVERSION OF RETIRED FIGHTER AIRCRAFT INTO TARGET DRONES DRIVES GROWTH OF FULL-SCALE SEGMENT
     10.3 SUBSCALE TARGETS
             10.3.1 WIDE APPLICATION AREAS DRIVE DEMAND FOR SUBSCALE TARGET DRONES
     10.4 FREE-FLYING TARGETS
             10.4.1 DEMAND FOR LOW-COST AERIAL TARGETS STIMULATES GROWTH OF FREE-FLYING SEGMENT
     10.5 TOWING TARGETS
             10.5.1 INCREASE IN TRACKING & FIRING PRACTICE DRIVES DEMAND FOR TOWING TARGET DRONES
     10.6 SPORTING TARGETS
             10.6.1 INCREASING NUMBER OF TARGET SHOOTING SPORTS DRIVE GROWTH OF THIS SEGMENT

11 TARGET DRONES MARKET, BY APPLICATION (Page No. - 74)
     11.1 INTRODUCTION
             FIGURE 26 TARGET DRONES MARKET, BY APPLICATION, 2020 & 2025 (USD MILLION)
             TABLE 18 TARGET DRONES MARKET SIZE, BY APPLICATION, 2018-2025 (USD MILLION)
     11.2 COMBAT TRAINING
             11.2.1 WIDE-SCALE ADOPTION OF TARGET DRONES BY DEFENSE FORCES EXPECTED TO DRIVE USE IN COMBAT TRAINING
     11.3 TARGET & DECOY
             11.3.1 ADVANCEMENTS IN THREAT SIMULATION TECHNOLOGY FUEL GROWTH OF TARGET & DECOY SEGMENT
     11.4 RECONNAISSANCE
             11.4.1 GROWING CAPABILITIES OF TARGET DRONES STIMULATE THEIR ADOPTION FOR RECONNAISSANCE APPLICATIONS
     11.5 TARGET IDENTIFICATION
             11.5.1 GROWING ADOPTION OF UNMANNED SYSTEMS FOR TARGET IDENTIFICATION EXPECTED TO DRIVE THE SEGMENT
     11.6 TARGET ACQUISITION
             11.6.1 ADVANCEMENTS IN SENSORY DISPLAY FORMAT STIMULATES DEMAND FOR TARGET ACQUISITION APPLICATIONS

12 TARGET DRONES MARKET, BY ENGINE TYPE (Page No. - 77)
     12.1 INTRODUCTION
             FIGURE 27 TARGET DRONES MARKET, BY ENGINE TYPE, 2020 & 2025 (USD MILLION)
             TABLE 19 TARGET DRONES MARKET SIZE, BY ENGINE TYPE, 2018-2025 (USD MILLION)
     12.2 JET ENGINES
             12.2.1 BENEFITS OF JET ENGINES OVER OTHER PROPULSION SYSTEMS EXPECTED TO DRIVE MARKET
     12.3 INTERNAL COMBUSTION (IC) ENGINES
             12.3.1 USE OF IC ENGINES IN LIGHTWEIGHT TARGET DRONES EXPECTED TO SURGE DEMAND
     12.4 OTHERS
             12.4.1 EFFORTS TO DEVELOP ALTERNATIVE PROPULSION SYSTEMS DRIVE MARKET GROWTH

13 TARGET DRONES MARKET, BY BUILD (Page No. - 80)
     13.1 INTRODUCTION
             FIGURE 28 TARGET DRONES MARKET, BY BUILD, 2020 & 2025 (USD MILLION)
             TABLE 20 TARGET DRONES MARKET SIZE, BY BUILD, 2018-2025 (USD MILLION)
     13.2 NEWBUILD
             13.2.1 LIMITED DEFENSE BUDGET ALLOCATION IN EMERGING ECONOMIES DRIVES DEMAND FOR NEWBUILD TARGET DRONES
     13.3 CONVERTED
             13.3.1 INCREASING CONVERSION OF RETIRED FIGHTER AIRCRAFT INTO TARGET DRONES EXPECTED TO DRIVE SEGMENT GROWTH

14 TARGET DRONES MARKET, BY SPEED (Page No. - 83)
     14.1 INTRODUCTION
             FIGURE 29 TARGET DRONES MARKET, BY SPEED, 2020 & 2025 (USD MILLION)
             TABLE 21 TARGET DRONES MARKET SIZE, BY SPEED, 2018-2025 (USD MILLION)
     14.2 HIGH (> 250 MPS)
             14.2.1 NEED TO REPLICATE THREATS IN MILITARY PRACTICES DRIVES DEMAND FOR HIGH-SPEED TARGET DRONES
     14.3 LOW (< 250 MPS)
             14.3.1 LOW COST AVAILABILITY EXPECTED TO DRIVE DEMAND FOR LOW-SPEED TARGET DRONES

15 TARGET DRONES MARKET, BY PAYLOAD CAPACITY (Page No. - 86)
     15.1 INTRODUCTION
             FIGURE 30 TARGET DRONES MARKET, BY PAYLOAD CAPACITY, 2020 & 2025 (USD MILLION)
             TABLE 22 TARGET DRONES MARKET SIZE, BY PAYLOAD CAPACITY, 2018-2025 (USD MILLION)
     15.2 HIGH (>40 KG)
             15.2.1 USE OF TARGET DRONES FOR CRITICAL DEFENSE APPLICATIONS DRIVES DEMAND FOR HIGH PAYLOAD CAPACITY
     15.3 MEDIUM (20 KG TO 40 KG)
             15.3.1 INCREASING NEED FOR DRONES TO PERFORM ADDITIONAL FUNCTIONS DRIVES DEMAND FOR MEDIUM PAYLOAD CAPACITY
     15.4 LOW (<20 KG)
             15.4.1 USE IN BASIC APPLICATIONS SUCH AS COMBAT TRAINING PROPELS DEMAND FOR LOW PAYLOAD TARGET DRONES

16 TARGET DRONES MARKET, BY MODE OF OPERATION (Page No. - 89)
     16.1 INTRODUCTION
             FIGURE 31 TARGET DRONES MARKET, BY MODE OF OPERATION, 2020 & 2025 (USD MILLION)
             TABLE 23 TARGET DRONES MARKET SIZE, BY MODE OF OPERATION, 2018-2025 (USD MILLION)
     16.2 AUTONOMOUS
             16.2.1 ADVANCEMENTS IN SENSOR TECHNOLOGY DRIVE AUTONOMOUS DRONE ADOPTION ACROSS THE GLOBE
     16.3 REMOTELY PILOTED
             16.3.1 GROWING NEED FOR BETTER CONTROL OF DRONES FUELS DEMAND FOR REMOTELY PILOTED OPTIONS
     16.4 OPTIONALLY PILOTED
             16.4.1 INCREASING USE OF TARGET DRONES IN RECONNAISSANCE DRIVES OPTIONALLY PILOTED SEGMENT

17 TARGET DRONES MARKET, BY REGION (Page No. - 92)
     17.1 INTRODUCTION
             17.1.1 COVID-19 IMPACT ON TARGET DRONES MARKET, BY REGION
                       FIGURE 32 REALISTIC SCENARIO IMPACT OF COVID-19 ON TARGET DRONES MARKET, BY REGION
                       FIGURE 33 PESSIMISTIC SCENARIO IMPACT OF COVID-19 ON TARGET DRONES MARKET, BY REGION
                       FIGURE 34 OPTIMISTIC SCENARIO IMPACT OF COVID-19 ON TARGET DRONES MARKET, BY REGION
                       FIGURE 35 TARGET DRONES MARKET: REGIONAL SNAPSHOT
                       TABLE 24 TARGET DRONES MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
     17.2 NORTH AMERICA
                       FIGURE 36 NORTH AMERICA TARGET DRONES MARKET SNAPSHOT
             17.2.1 AVERAGE SELLING PRICE TREND (2017-2019)
                       FIGURE 37 NORTH AMERICA: ASP TREND
                       17.2.1.1 PESTLE analysis: North America
                                   TABLE 25 NORTH AMERICA: TARGET DRONES MARKET SIZE, BY ENGINE TYPE, 2018-2025 (USD MILLION)
                                   TABLE 26 NORTH AMERICA: TARGET DRONES MARKET SIZE, BY END-USE SECTOR, 2018-2025 (USD MILLION)
                                   TABLE 27 NORTH AMERICA: TARGET DRONES MARKET SIZE, BY BUILD, 2018-2025 (USD MILLION)
                                   TABLE 28 NORTH AMERICA: TARGET DRONES MARKET SIZE, BY END USE, 2018–2025 (USD MILLION)
                                   TABLE 29 NORTH AMERICA: TARGET DRONES MARKET SIZE, BY TARGET TYPE, 2018–2025 (USD MILLION)
                                   TABLE 30 NORTH AMERICA: TARGET DRONES MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
             17.2.2 US
                       17.2.2.1 Increasing use of commercial and military drones will drive growth of target drones market in the US
                                   TABLE 31 US: TARGET DRONES MARKET SIZE, BY ENGINE TYPE, 2018-2025 (USD MILLION)
                                   TABLE 32 US: TARGET DRONES MARKET SIZE, BY END-USE SECTOR, 2015-2025 (USD MILLION)
                                   TABLE 33 US: TARGET DRONES MARKET SIZE, BY BUILD, 2018-2025 (USD MILLION)
                                   TABLE 34 US: TARGET DRONES MARKET SIZE, BY END USE, 2018-2025 (USD MILLION)
                                   TABLE 35 US: TARGET DRONES MARKET SIZE, BY TARGET TYPE, 2018-2025 (USD MILLION)
             17.2.3 CANADA
                       17.2.3.1 Stringent regulations and licensing requirements restrain the growth of the target drones market in Canada
                                   TABLE 36 CANADA: TARGET DRONES MARKET SIZE, BY ENGINE TYPE, 2018-2025 (USD MILLION)
                                   TABLE 37 CANADA: TARGET DRONES MARKET SIZE, BY END-USE SECTOR, 2015-2025 (USD MILLION)
                                   TABLE 38 CANADA: TARGET DRONES MARKET SIZE, BY BUILD, 2018-2025 (USD MILLION)
                                   TABLE 39 CANADA: TARGET DRONES MARKET SIZE, BY END USE, 2018-2025 (USD MILLION)
                                   TABLE 40 CANADA: TARGET DRONES MARKET SIZE, BY TARGET TYPE, 2018-2025 (USD MILLION)
     17.3 EUROPE
             FIGURE 38 EUROPE TARGET DRONES MARKET SNAPSHOT
             17.3.1 AVERAGE SELLING PRICE TREND (2017-2019)
                       FIGURE 39 EUROPE: ASP TREND
                       17.3.1.1 PESTLE analysis: Europe
                                   TABLE 41 EUROPE: TARGET DRONES MARKET SIZE, BY ENGINE TYPE, 2018–2025 (USD MILLION)
                                   TABLE 42 EUROPE: TARGET DRONES MARKET SIZE, BY END-USE SECTOR, 2018–2025 (USD MILLION)
                                   TABLE 43 EUROPE: TARGET DRONES MARKET SIZE, BY BUILD, 2018–2025 (USD MILLION)
                                   TABLE 44 EUROPE: TARGET DRONES MARKET SIZE, BY END USE, 2018–2025 (USD MILLION)
                                   TABLE 45 EUROPE: TARGET DRONES MARKET SIZE, BY TARGET TYPE, 2018–2025 (USD MILLION)
                                   TABLE 46 EUROPE: TARGET DRONES MARKET SIZE, BY COUNTRY, 2018-2025 (USD MILLION)
             17.3.2 UK
                       17.3.2.1 Technological advancements and changes in regulatory policies expected to drive market in the UK
                                   TABLE 47 UK: TARGET DRONES MARKET SIZE, BY ENGINE TYPE, 2018–2025 (USD MILLION)
                                   TABLE 48 UK: TARGET DRONES MARKET SIZE, BY END-USE SECTOR, 2018–2025 (USD MILLION)
                                   TABLE 49 UK: TARGET DRONES MARKET SIZE, BY BUILD, 2018–2025 (USD MILLION)
                                   TABLE 50 UK: TARGET DRONES MARKET SIZE, BY END USE, 2018–2025 (USD MILLION)
                                   TABLE 51 UK: TARGET DRONES MARKET SIZE, BY TARGET TYPE, 2018–2025 (USD MILLION)
             17.3.3 ITALY
                       17.3.3.1 Increasing demand for border surveillance and maritime patrol expected to drive the market in Italy
                                   TABLE 52 ITALY: TARGET DRONES MARKET SIZE, BY ENGINE TYPE, 2018–2025 (USD MILLION)
                                   TABLE 53 ITALY: TARGET DRONES MARKET SIZE, BY END-USE SECTOR, 2018–2025 (USD MILLION)
                                   TABLE 54 ITALY: TARGET DRONES MARKET SIZE, BY BUILD, 2018–2025 (USD MILLION)
                                   TABLE 55 ITALY: TARGET DRONES MARKET SIZE, BY END USE, 2018–2025 (USD MILLION)
                                   TABLE 56 ITALY: TARGET DRONES MARKET SIZE, BY TARGET TYPE, 2018–2025 (USD MILLION)
             17.3.4 FRANCE
                       17.3.4.1 Government initiatives to support development of UAV capabilities expected to fuel the market in France
                                   TABLE 57 FRANCE: TARGET DRONES MARKET SIZE, BY ENGINE TYPE, 2018–2025 (USD MILLION)
                                   TABLE 58 FRANCE: TARGET DRONES MARKET SIZE, BY END-USE SECTOR, 2018–2025 (USD MILLION)
                                   TABLE 59 FRANCE: TARGET DRONES MARKET SIZE, BY BUILD, 2018–2025 (USD MILLION)
                                   TABLE 60 FRANCE: TARGET DRONES MARKET SIZE, BY END USE, 2018–2025 (USD MILLION)
                                   TABLE 61 FRANCE: TARGET DRONES MARKET SIZE, BY TARGET TYPE, 2018–2025 (USD MILLION)
             17.3.5 RUSSIA
                       17.3.5.1 Increasing spending on procurement of technologically advanced combat drones drives demand in Russia
                                   TABLE 62 RUSSIA: TARGET DRONES MARKET SIZE, BY ENGINE TYPE, 2018–2025 (USD MILLION)
                                   TABLE 63 RUSSIA: TARGET DRONES MARKET SIZE, BY END-USE SECTOR, 2018–2025 (USD MILLION)
                                   TABLE 64 RUSSIA: TARGET DRONES MARKET SIZE, BY BUILD, 2018–2025 (USD MILLION)
                                   TABLE 65 RUSSIA: TARGET DRONES MARKET SIZE, BY END USE, 2018–2025 (USD MILLION)
                                   TABLE 66 RUSSIA: TARGET DRONES MARKET SIZE, BY TARGET TYPE, 2018–2025 (USD MILLION)
             17.3.6 REST OF EUROPE
                       TABLE 67 REST OF EUROPE: TARGET DRONES MARKET SIZE, BY ENGINE TYPE, 2018–2025 (USD MILLION)
                       TABLE 68 REST OF EUROPE: TARGET DRONES MARKET SIZE, BY END-USE SECTOR, 2018–2025 (USD MILLION)
                       TABLE 69 REST OF EUROPE: TARGET DRONES MARKET SIZE, BY BUILD, 2018–2025 (USD MILLION)
                       TABLE 70 REST OF EUROPE: TARGET DRONES MARKET SIZE, BY END USE, 2018–2025 (USD MILLION)
                       TABLE 71 REST OF EUROPE: TARGET DRONES MARKET SIZE, BY TARGET TYPE, 2018–2025 (USD MILLION)
     17.4 ASIA PACIFIC
             FIGURE 40 ASIA PACIFIC TARGET DRONES MARKET SNAPSHOT
             17.4.1 AVERAGE SELLING PRICE TREND (2017-2019)
             FIGURE 41 ASIA PACIFIC: ASP TREND
                       17.4.1.1 PESTLE analysis: Asia Pacific
                                   TABLE 72 ASIA PACIFIC: TARGET DRONES MARKET SIZE, BY ENGINE TYPE, 2018–2025 (USD MILLION)
                                   TABLE 73 ASIA PACIFIC: TARGET DRONES MARKET SIZE, BY END-USE SECTOR, 2018–2025 (USD MILLION)
                                   TABLE 74 ASIA PACIFIC: TARGET DRONES MARKET SIZE, BY BUILD, 2018–2025 (USD MILLION)
                                   TABLE 75 ASIA PACIFIC: TARGET DRONES MARKET SIZE, BY END USE, 2018–2025 (USD MILLION)
                                   TABLE 76 ASIA PACIFIC: TARGET DRONES MARKET SIZE, BY TARGET TYPE, 2018–2025 (USD MILLION)
                                   TABLE 77 ASIA PACIFIC: TARGET DRONES MARKET SIZE, BY COUNTRY, 2018-2025 (USD MILLION)
             17.4.2 CHINA
                       17.4.2.1 Increasing procurement for use in military and commercial applications drives market for target drones in China
                                   TABLE 78 CHINA: TARGET DRONES MARKET SIZE, BY ENGINE TYPE, 2018–2025 (USD MILLION)
                                   TABLE 79 CHINA: TARGET DRONES MARKET SIZE, BY END-USE SECTOR, 2018–2025 (USD MILLION)
                                   TABLE 80 CHINA: TARGET DRONES MARKET SIZE, BY BUILD, 2018–2025 (USD MILLION)
                                   TABLE 81 CHINA: TARGET DRONES MARKET SIZE, BY END USE, 2018–2025 (USD MILLION)
                                   TABLE 82 CHINA: TARGET DRONES MARKET SIZE, BY TARGET TYPE, 2018–2025 (USD MILLION)
             17.4.3 INDIA
                       17.4.3.1 Increasing demand for military UAVs leading to indigenous development of drones in India
                                   TABLE 83 INDIA: TARGET DRONES MARKET SIZE, BY ENGINE TYPE, 2018–2025 (USD MILLION)
                                   TABLE 84 INDIA: TARGET DRONES MARKET SIZE, BY END-USE SECTOR, 2018–2025 (USD MILLION)
                                   TABLE 85 INDIA: TARGET DRONES MARKET SIZE, BY BUILD, 2018–2025 (USD MILLION)
                                   TABLE 86 INDIA: TARGET DRONES MARKET SIZE, BY END USE, 2018–2025 (USD MILLION)
                                   TABLE 87 INDIA: TARGET DRONES MARKET SIZE, BY TARGET TYPE, 2018–2025 (USD MILLION)
             17.4.4 SOUTH KOREA
                       17.4.4.1 Use of target drones for surveillance and monitoring applications is increasing in South Korea
                                   TABLE 88 SOUTH KOREA: TARGET DRONES MARKET SIZE, BY ENGINE TYPE, 2018–2025 (USD MILLION)
                                   TABLE 89 SOUTH KOREA: TARGET DRONES MARKET SIZE, BY END-USE SECTOR, 2018–2025 (USD MILLION)
                                   TABLE 90 SOUTH KOREA: TARGET DRONES MARKET SIZE, BY END USE, 2018–2025 (USD MILLION)
                                   TABLE 91 SOUTH KOREA: TARGET DRONES MARKET SIZE, BY BUILD, 2018–2025 (USD MILLION)
                                   TABLE 92 SOUTH KOREA: TARGET DRONES MARKET SIZE, BY TARGET TYPE, 2018–2025 (USD MILLION)
             17.4.5 AUSTRALIA
                       17.4.5.1 Growing use of target drones in commercial sector to drive market growth in Australia
                                   TABLE 93 AUSTRALIA: TARGET DRONES MARKET SIZE, BY ENGINE TYPE, 2018–2025 (USD MILLION)
                                   TABLE 94 AUSTRALIA: TARGET DRONES MARKET SIZE, BY END-USE SECTOR, 2018–2025 (USD MILLION)
                                   TABLE 95 AUSTRALIA: TARGET DRONES MARKET SIZE, BY BUILD, 2018–2025 (USD MILLION)
                                   TABLE 96 AUSTRALIA: TARGET DRONES MARKET SIZE, BY END USE, 2018–2025 (USD MILLION)
                                   TABLE 97 AUSTRALIA: TARGET DRONES MARKET SIZE, BY TARGET TYPE, 2018–2025 (USD MILLION)
             17.4.6 REST OF ASIA PACIFIC
                       TABLE 98 REST OF ASIA PACIFIC: TARGET DRONES MARKET SIZE, BY ENGINE TYPE, 2018–2025 (USD MILLION)
                       TABLE 99 REST OF ASIA PACIFIC: TARGET DRONES MARKET SIZE, BY END-USE SECTOR, 2018–2025 (USD MILLION)
                       TABLE 100 REST OF ASIA PACIFIC: TARGET DRONES MARKET SIZE, BY END USE, 2018–2025 (USD MILLION)
                       TABLE 101 REST OF ASIA PACIFIC: TARGET DRONES MARKET SIZE, BY BUILD, 2018–2025 (USD MILLION)
                       TABLE 102 REST OF ASIA PACIFIC: TARGET DRONES MARKET SIZE, BY TARGET TYPE, 2018–2025 (USD MILLION)
     17.5 MIDDLE EAST & NORTH AFRICA
             17.5.1 AVERAGE SELLING PRICE TREND (2017-2019)
                       FIGURE 42 MIDDLE EAST & NORTH AFRICA: ASP TREND
                       TABLE 103 MIDDLE EAST & NORTH AFRICA: TARGET DRONES MARKET SIZE, BY ENGINE TYPE, 2018–2025 (USD MILLION)
                       TABLE 104 MIDDLE EAST & NORTH AFRICA: TARGET DRONES MARKET SIZE, BY END-USE SECTOR, 2018–2025 (USD MILLION)
                       TABLE 105 MIDDLE EAST & NORTH AFRICA: TARGET DRONES MARKET SIZE, BY END USE, 2018–2025 (USD MILLION)
                       TABLE 106 MIDDLE EAST & NORTH AFRICA: TARGET DRONES MARKET SIZE, BY TARGET TYPE, 2018–2025 (USD MILLION)
                       TABLE 107 MIDDLE EAST & NORTH AFRICA: TARGET DRONES MARKET SIZE, BY COUNTRY, 2018-2025 (USD MILLION)
             17.5.2 EGYPT
                       17.5.2.1 Increasing demand for armed drones drives the market in Egypt
                                   TABLE 108 EGYPT: TARGET DRONES MARKET SIZE, BY ENGINE TYPE, 2018–2025 (USD MILLION)
                                   TABLE 109 EGYPT: TARGET DRONES MARKET SIZE, BY END-USE SECTOR, 2018–2025 (USD MILLION)
                                   TABLE 110 EGYPT: TARGET DRONES MARKET SIZE, BY END USE, 2018–2025 (USD MILLION)
                                   TABLE 111 EGYPT: TARGET DRONES MARKET SIZE, BY TARGET TYPE, 2018–2025 (USD MILLION)
             17.5.3 ISRAEL
                       17.5.3.1 Increased spending in R&D of target drones for military and commercial applications drives the market in Israel
                                   TABLE 112 ISRAEL: TARGET DRONES MARKET SIZE, BY ENGINE TYPE, 2018–2025 (USD MILLION)
                                   TABLE 113 ISRAEL: TARGET DRONES MARKET SIZE, BY END-USE SECTOR, 2018–2025 (USD MILLION)
             17.5.4 BY END USE
                       TABLE 114 ISRAEL: TARGET DRONES MARKET SIZE, BY END USE, 2018–2025 (USD MILLION)
                       TABLE 115 ISRAEL: TARGET DRONES MARKET SIZE, BY TARGET TYPE, 2018–2025 (USD MILLION)
             17.5.5 REST OF MIDDLE EAST & NORTH AFRICA
                       TABLE 116 REST OF MIDDLE EAST & NORTH AFRICA: TARGET DRONES MARKET SIZE, BY ENGINE TYPE, 2018–2025 (USD MILLION)
                       TABLE 117 REST OF MIDDLE EAST & NORTH AFRICA: TARGET DRONES MARKET SIZE, BY END-USE SECTOR, 2018–2025 (USD MILLION)
                       TABLE 118 REST OF MIDDLE EAST & NORTH AFRICA: TARGET DRONES MARKET SIZE, BY END USE, 2018–2025 (USD MILLION)
                       TABLE 119 REST OF MIDDLE EAST & NORTH AFRICA: TARGET DRONES MARKET SIZE, BY TARGET TYPE, 2018–2025 (USD MILLION)
     17.6 REST OF THE WORLD (ROW)
             17.6.1 AVERAGE SELLING PRICE TREND (2017-19)
                       FIGURE 43 ROW: ASP TREND
                       TABLE 120 ROW: TARGET DRONES MARKET SIZE, BY ENGINE TYPE, 2018–2025 (USD MILLION)
                       TABLE 121 ROW: TARGET DRONES MARKET SIZE, BY END-USE SECTOR, 2018–2025 (USD MILLION)
                       TABLE 122 ROW: TARGET DRONES MARKET SIZE, BY END USE, 2018–2025 (USD MILLION)
                       TABLE 123 ROW: TARGET DRONES MARKET SIZE, BY TARGET TYPE, 2018–2025 (USD MILLION)
                       TABLE 124 ROW: TARGET DRONES MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
             17.6.2 BRAZIL
                       17.6.2.1 Increasing use of target drones by defense sector drives the market in Brazil
                                   TABLE 125 BRAZIL: TARGET DRONES MARKET SIZE, BY ENGINE TYPE, 2018–2025 (USD MILLION)
                                   TABLE 126 BRAZIL: TARGET DRONES MARKET SIZE, BY END-USE SECTOR, 2018–2025 (USD MILLION)
                                   TABLE 127 BRAZIL: TARGET DRONES MARKET SIZE, BY END USE, 2018–2025 (USD MILLION)
                                   TABLE 128 BRAZIL: TARGET DRONES MARKET SIZE, BY TARGET TYPE, 2018–2025 (USD MILLION)
             17.6.3 SOUTH AFRICA
                       17.6.3.1 Investment by international players to drive the market in South Africa
                                   TABLE 129 SOUTH AFRICA: TARGET DRONES MARKET SIZE, BY ENGINE TYPE, 2018–2025 (USD MILLION)
                                   TABLE 130 SOUTH AFRICA: TARGET DRONES MARKET SIZE, BY END-USE SECTOR, 2018–2025 (USD MILLION)
                                   TABLE 131 SOUTH AFRICA: TARGET DRONES MARKET SIZE, BY END USE, 2018–2025 (USD MILLION)
                                   TABLE 132 SOUTH AFRICA: TARGET DRONES MARKET SIZE, BY TARGET TYPE, 2018–2025 (USD MILLION)
             17.6.4 OTHERS IN ROW
                                   TABLE 133 OTHERS IN ROW: TARGET DRONES MARKET SIZE, BY ENGINE TYPE, 2018–2025 (USD MILLION)
                                   TABLE 134 OTHERS IN ROW: TARGET DRONES MARKET SIZE, BY END-USE SECTOR, 2018–2025 (USD MILLION)
                                   TABLE 135 OTHERS IN ROW: TARGET DRONES MARKET SIZE, BY END USE, 2018–2025 (USD MILLION)
                                   TABLE 136 OTHERS IN ROW: TARGET DRONES MARKET SIZE, BY TARGET TYPE, 2018–2025 (USD MILLION)

18 COMPETITIVE LANDSCAPE (Page No. - 145)
     18.1 INTRODUCTION
             18.1.1 MARKET EVALUATION FRAMEWORK
                       FIGURE 44 MARKET EVALUATION FRAMEWORK: CONTRACTS OBSERVED TO BE LEADING STRATEGY FOR TOP PLAYERS IN 2020
     18.2 COMPETITIVE LEADERSHIP MAPPING
             18.2.1 VISIONARY LEADERS
             18.2.2 INNOVATORS
             18.2.3 DYNAMIC DIFFERENTIATORS
             18.2.4 EMERGING COMPANIES
                       FIGURE 45 TARGET DRONES MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2020
     18.3 RANKING OF KEY PLAYERS, 2020
             FIGURE 46 RANKING OF TOP PLAYERS IN THE TARGET DRONES MARKET, 2020
     18.4 COMPETITIVE SCENARIO
             18.4.1 NEW PRODUCT LAUNCHES
                       TABLE 137 NEW PRODUCT LAUNCHES, 2015-2020
             18.4.2 CONTRACTS
                       TABLE 138 CONTRACTS, 2015-2020
             18.4.3 OTHER STRATEGIES
                       TABLE 139 OTHER STRATEGIES, 2015—2020

19 COMPANY PROFILES (Page No. - 153)
(Business Overview, Products/Services/Solutions Offered, Unique Value Proposition and Right To Win, Growth Strategy (Inorganic strategies, SWOT analysis), and Recent Developments)*
     19.1 THE BOEING COMPANY
             FIGURE 47 THE BOEING COMPANY: COMPANY SNAPSHOT
             TABLE 140 BOEING: SWOT ANALYSIS
     19.2 QINETIQ GROUP PLC
             FIGURE 48 QINETIQ GROUP PLC: COMPANY SNAPSHOT
             TABLE 141 QINETIQ GROUP PLC: SWOT ANALYSIS
     19.3 NORTHROP GRUMMAN CORPORATION
             FIGURE 49 NORTHROP GRUMMAN CORPORATION: COMPANY SNAPSHOT
             TABLE 142 NORTHROP GRUMMAN: SWOT ANALYSIS
     19.4 KRATOS DEFENSE & SECURITY SOLUTIONS, INC.
             FIGURE 50 KRATOS DEFENSE & SECURITY SOLUTIONS, INC.: COMPANY SNAPSHOT
             TABLE 143 KRATOS DEFENSE & SECURITY SOLUTIONS, INC.: SWOT ANALYSIS
     19.5 AIRBUS GROUP
             FIGURE 51 AIRBUS GROUP: COMPANY SNAPSHOT
             TABLE 144 AIRBUS: SWOT ANALYSIS
     19.6 LOCKHEED MARTIN CORPORATION
             FIGURE 52 LOCKHEED MARTIN CORPORATION: COMPANY SNAPSHOT
     19.7 LEONARDO S.P.A.
             FIGURE 53 LEONARDO S.P.A.: COMPANY SNAPSHOT
     19.8 BSK DEFENSE S.A.
     19.9 AIR AFFAIRS AUSTRALIA PTY LTD.
     19.10 SAAB AB
             FIGURE 54 SAAB AB: COMPANY SNAPSHOT
     19.11 AEROTARGETS INTERNATIONAL, LLC
     19.12 L3 ASV
     19.13 BAE SYSTEMS
             FIGURE 55 BAE SYSTEMS: COMPANY SNAPSHOT
     19.14 RAYTHEON
     19.15 GENERAL DYNAMICS CORPORATION
     19.16 ALMAZ-ANTEY
     19.17 THALES
     19.18 EMBENTION
     19.19 GRIFFON AEROSPACE
     19.20 DENEL DYNAMICS

*Details on Business Overview, Products/Services/Solutions Offered, Unique Value Proposition and Right To Win, Growth Strategy (Inorganic strategies, SWOT analysis), and Recent Developments might not be captured in case of unlisted companies.

20 APPENDIX (Page No. - 194)
     20.1 DISCUSSION GUIDE
     20.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     20.3 AVAILABLE CUSTOMIZATIONS
     20.4 RELATED REPORTS
     20.5 AUTHOR DETAILS

The study involved four major activities in estimating the current size of the target drones market. Exhaustive secondary research was undertaken to collect information on the market, the peer markets, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both, the top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, the market breakdown and data triangulation procedures were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources, such as D&B Hoovers, Bloomberg, BusinessWeek, and different magazines, were referred to identify and collect information for this study. Secondary sources also included annual reports, press releases & investor presentations of companies, certified publications, articles by recognized authors, and target drone databases.

Primary Research

The target drones market comprises several stakeholders, such as target drones technology support providers, target drones manufacturers, armed forces, and defense regulatory organizations in the supply chain. The demand side of this market is majorly characterized by defense organizations. The supply side is characterized by technology advancements in target drones. Various primary sources from both, the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents.

Target Drones Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both, the top-down and bottom-up approaches were used to estimate and validate the total size of the target drones market. These methods were also used extensively to estimate the size of various subsegments of the market. The research methodology used to estimate the market size includes the following.

  • Key players in the industry and markets were identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size—using the market size estimation process explained above—the market was split into several segments and subsegments. The data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment. The data was triangulated by studying various factors and trends from the demand and supply sides of the target drones market.

Report Objectives

  • To define, describe, segment, and forecast the size of the target drones market based on end-use sector, end use, application, mode of operation, payload capacity, build, target type, engine type, speed, and type
  • To analyze the demand- and supply-side indicators influencing the growth of the market
  • To understand the market ecosystem by identifying high-growth segments and subsegments of the market
  • To provide in-depth market intelligence regarding key market dynamics, such as drivers, restraints, opportunities, and challenges that influence the growth of the market
  • To forecast the revenue of market segments with respect to five main regions, namely, North America, Europe, Asia Pacific, Middle East & North Africa, and Rest of the World
  • To analyze technological advancements and new product launches in the market
  • To provide a detailed competitive landscape of the market, in addition to a market rank analysis of leading players
  • To identify financial positions, product portfolios, and key developments undertaken by leading players in the market
  • To analyze micromarkets with respect to their individual growth trends, prospects, and contribution to the overall market
  • To provide a comprehensive analysis of business and corporate strategies adopted by key market players
  • To profile key market players and comprehensively analyze their core competencies

Available Customizations

Along with the market data, MarketsandMarkets offers customizations according to a company’s specific needs.

Company Information

  • Detailed analysis and profiles of additional market players (up to five)
Report Code
AS 5186
Published ON
Jun, 2020
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