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 2027
The Target Drones Market is projected to grow from USD 4.5 billion in 2022 to USD 6.4 billion by 2027, at a CAGR of 7.4% from 2022 to 2027.
Increasing R&D and venture capitalist activities in the field of drones are also aiding the growth of the target drones market in the US. Key manufacturers of drones in the US are increasingly investing in R&D activities for the development of new and advanced target drones. 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. 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. Various players such as QinetiQ Group plc (UK), Kratos Defense & Security Solutions, Inc. (US), Airbus Group (Netherlands), Northrop Grumman Corporation (US), and Boeing Company (US) among others, are prominent players operating in the target drones market.
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Target Drones Market Dynamics:
Driver: Increased emphasis on enhanced military training
Target drones offer the best solution for all aspects of threat simulation, such as realism, cost, and operational effectiveness, which, in turn, improves overall training efficacy. Military forces worldwide benefit from the constructive training environment offered by target drones.
According to the Defence Equipment Plan 2018, the UK Ministry of Defence invested USD 9.37 billion in military aviation exercises and equipment procurement, including the procurement of target drones. It plans to employ modern, adaptable, and sustainable training systems to exploit the advantages of simulated environments to prepare its aircrew to meet the challenges of future combat operations.
Restraint: Lack of skilled and trained personnel
Target drones do not carry an onboard pilot, and thus, human error in operating these drones may have severe implications. As target drones rely more on computer technology, autopilot, and radio transmission as compared to conventional target aircraft, expert knowledge is required to operate and control them.
Target drones need to exhibit greater maneuverability to simulate a real war environment, and thus, require skilled personnel for remote piloting. Several drone accidents occur owing to poor operator control. Currently, efforts are being made to reduce such mishaps by improving the autonomy of these drones and reducing the degree of human operator involvement. Various training programs are also being undertaken to train pilots for the precise operation of drones, thereby reducing the probability of drone accidents.
Opportunity: Full-scale conversion of target drones for simulation of a war scenario
Simulating a real threat environment is of paramount importance in air force pilot training. For over 30 years, there has been a trend of conversion of full-scale fighters to target drones in the US. The US Air Force has been using full-scaled target drones since 1986. In the same year, the US Air Force awarded a contract to Flight Systems Inc. (US) to convert F-106 Delta Darts to QF-106 target drones. Earlier, the QF-106 was replaced by QF-4 Phantoms in 1997, and presently, the QF-4 is being replaced with QF-16 Falcons. With the increase in tactical threats, the need to replicate real-time war scenarios becomes inevitable. This trend of converting retired fighter aircraft into full-scale model target drones for pilot training by the US is anticipated to extend to other developed and emerging nations worldwide, thereby offering lucrative growth opportunities to manufacturers of target drones.
Challenges: Lack of sustainable power sources to improve endurance of drones
One of the most significant challenges faced by manufacturers of target drones is their inability to test energy limits both, in terms of endurance as well as the ability to deliver the required amount of energy to different payloads, such as radars and lasers, among others.
Target drones Market Ecosystem:
The key stakeholders in the target drones market ecosystem include companies which provide platforms and soldier systems. The major influencers in this market are investors, funders, academic researchers, integrators, service providers, and licencing agencies.
Combat training segment held largest market share in terms of value in target drones market
On the basis of application, the target drones market has been segmented into combat training, target & decoy, reconnaissance, target identification, and target acquisition. Owing to the growing capabilities and endurance of target drones, these unmanned vehicles are expected to witness demand during the forecast period. Combat training accounted for 50.2% of the overall target drones market. Several defense forces have adopted the use of target drones for training and testing of anti-aircraft crews. Target drones replicate enemy aircraft used in war and are thus used to test the capabilities of defense systems. These targets are available for air, ground, as well as marine training platforms. With growing interest in target drones, companies have started converting fighter aircraft into full-scale target drones that can simulate real threats.
Reconnaissance is anticipated to grow at highest CAGR during forecast period
The reconnaissance application segment is expected to grow at the highest CAGR of 9.8% during the forecast period. Reconnaissance involves the subtasks of avoiding obstacles or no-fly-zones, reaching the close vicinity of a specific target, avoiding inter agent collision, and forming equilateral formation around a target. Target drones performing such tasks usually fly at a constant speed.
Some target drones used for reconnaissance applications are the RQ-21A Blackjack from the Boeing Company and BQM-74 from Northrop Grumman Corporation, among others.
In terms of value, North America led the target drones market
The US and Canada are considered under North America for market analysis. North America is a manufacturing hub for various target drones manufacturers, such as Kratos Defense & Security Solutions, Inc. (US), Grumman Corporation (US), and Boeing Company (US). The demand for target drones has been increasing in North America due to the presence of the defense manufacturing industry, growing demand for defense platforms across the globe, and ongoing upgradation programs for existing defense systems.
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Key Market Players
Some of the key players profiled in the target drones market report include QinetiQ Group plc (UK), Kratos Defense & Security Solutions, Inc. (US), Airbus Group (Netherlands), Northrop Grumman Corporation (US), and Boeing Company (US).
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|
Report Metric |
Details |
| Estimated Market Size | USD 4.5 Biilion |
| Projected Market Size | USD 6.4 Billion |
| Growth Rate | 7.4% |
|
Market size available for years |
2019-2027 |
|
Base year considered |
2021 |
|
Forecast period |
2022-2027 |
|
Forecast units |
Value (USD) |
|
Segments covered |
By Engine Type, End-Use Sector, Build, End Use, Target Type, Application, Mode Of Operation, Speed, Payload Capacity, Type |
|
Geographies covered |
North America, Europe, Asia Pacific, Middle East, Rest of the World |
|
Companies covered |
QinetiQ Group plc (UK), Kratos Defense & Security Solutions, Inc. (US), Airbus Group (Netherlands), Northrop Grumman Corporation (US), and Boeing Company (US) among others |
This research report categorizes the Target drones Market based on Engine Type, End-Use Sector, Build, End Use, Target Type, Application, Mode Of Operation, Speed, Payload Capacity, Type, and Region.
By Engine Type
- IC
- Jet
- Others
By End-Use Sector
- Defense
- Commercial
By Build
- New Build
- Converted
By End Use
- Aerial Targets
- Ground Targets
- Marine Targets
By Target Type
- Full-Scale
- Sub-Scale
- Free-Flying
- Towing
- Sporting
By Application
- Combat Training
- Target & Decoy
- Reconnaissance
- Target Identification
- Target Acquisition
By Mode Of Operation
- Autonomous
- Remotely Piloted
- Optionally Piloted
By Payload Capacity
- High (>40 Kg)
- Medium (20 Kg to 40 Kg)
- Low (<20 Kg)
By Type
- Fixed Wing
- Rotary Wing
By Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Rest of the World
Recent Developments
- In March 2022, Qinteiq received a contract from the Japan Ground Self-Defense Force for providing Banshee Jet 80+ unmanned aerial vehicle targets.
- In February 2022, Kratos Defense & Security Solutions Inc. received a contract worth $20 million from an international customer for providing an unmanned aerial target drone system and related services.
- In February 2022, Kratos Defense & Security Solutions Inc. received a contract worth $14 million from an international customer for providing logistics support, spares, consumables, and support.
- In December 2021, Kratos Defense & Security Solutions received a contract worth $5O million for providing 65 BQM – 177A subsonic aerial targets (SSATs) from the Naval Air Systems Command (NAVAIR).
- In November 2021, The Boeing Company received a contract worth $49.7 million from the United States Air Force for converting retired F-16 fighters into unmanned aerial vehicles.
- In May 2021, Northrop Grumman Corporation received a contract worth $55.4 million from the U.S. Navy for providing 18 GQM-163 A “Coyote” supersonic sea-skimming target vehicles.
Frequently Asked Questions (FAQ):
What is the current size of the target drones market?
The global target drones market size is projected to grow from USD 4.5 billion in 2022 to USD 6.4 billion by 2027, at a CAGR of 7.4% from 2022 to 2027
Who are the winners in the target drones market?
QinetiQ Group plc (UK), Kratos Defense & Security Solutions, Inc. (US), Airbus Group (Netherlands), Northrop Grumman Corporation (US), and Boeing Company (US) are some of the winners in the market.
What are some of the technological advancements in the market?
Target scoring systems, converted drones, electronic countermeasures and chaff dispensers are some of the technological advancements in the target drones market.
What are the factors driving the growth of the market?
The target drones market is being driven by factors such as rising investments into military modernization. .
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 29)
1.1 OBJECTIVES OF 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
1.4 CURRENCY
TABLE 1 USD EXCHANGE RATES
1.5 LIMITATIONS
1.6 MARKET STAKEHOLDERS
1.7 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 34)
2.1 RESEARCH DATA
FIGURE 2 RESEARCH PROCESS FLOW
FIGURE 3 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 target drones
2.3 MARKET SIZE ESTIMATION
2.3.1 BOTTOM-UP APPROACH
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.3.2 TOP-DOWN APPROACH
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.4 DATA TRIANGULATION
FIGURE 6 DATA TRIANGULATION
2.5 RESEARCH ASSUMPTIONS
3 EXECUTIVE SUMMARY (Page No. - 43)
FIGURE 7 TARGET DRONES MARKET, BY ENGINE TYPE, 2022 & 2027 (USD MILLION)
FIGURE 8 DEFENSE SECTOR TO LEAD TARGET DRONES MARKET, 2022–2027 (USD MILLION)
FIGURE 9 AERIAL TARGETS SEGMENT TO LEAD TARGET DRONES MARKET, 2022 & 2027 (USD MILLION)
FIGURE 10 NORTH AMERICAN TARGET DRONES MARKET TO RECORD HIGHEST CAGR, 2022–2027
4 PREMIUM INSIGHTS (Page No. - 46)
4.1 ATTRACTIVE OPPORTUNITIES IN TARGET DRONES MARKET
FIGURE 11 INCREASED FOCUS ON ENHANCED MILITARY TRAINING DRIVES GROWTH OF TARGET DRONES MARKET
4.2 TARGET DRONES MARKET, BY BUILD
FIGURE 12 NEWBUILD SEGMENT TO LEAD TARGET DRONES MARKET, 2022–2027 (USD MILLION)
4.3 TARGET DRONES MARKET, BY APPLICATION
FIGURE 13 COMBAT TRAINING SEGMENT TO LEAD TARGET DRONES MARKET, 2022–2027 (USD MILLION)
4.4 TARGET DRONES MARKET, BY REGION
FIGURE 14 NORTH AMERICAN TARGET DRONES MARKET TO RECORD HIGHEST CAGR, 2022-2027
5 MARKET OVERVIEW (Page No. - 48)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 15 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IMPACTING THE TARGET DRONES MARKET
5.2.1 DRIVERS
5.2.1.1 Growing prominence of intensified military training
TABLE 2 NUMBER OF ACTIVE CONFLICTS ACROSS THE GLOBE
5.2.1.2 Advantages 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 war scenarios
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 in 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
5.3 AVERAGE SELLING PRICE TRENDS
FIGURE 16 AVERAGE SELLING PRICE TRENDS, 2019-2021
5.4 VALUE CHAIN ANALYSIS
FIGURE 17 VALUE CHAIN ANALYSIS: TARGET DRONES MARKET
5.5 REGULATORY BODIES AND GOVERNMENT AGENCIES
TABLE 5 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 6 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 7 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 8 MIDDLE EAST: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.5.1 REGULATORY LANDSCAPE
5.5.2 NORTH AMERICA
5.5.3 EUROPE
5.5.4 KEY CONFERENCES & EVENTS, 2022–2023
TABLE 9 TARGET DRONES MARKET: DETAILED LIST OF CONFERENCES & EVENTS
5.6 BUYING CRITERIA
5.6.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 18 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP 3 END USES
TABLE 10 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP 3 END-USES (%)
5.7 PORTER’S FIVE FORCES ANALYSIS
FIGURE 19 PORTER’S FIVE FORCES ANALYSIS FOR TARGET DRONES MARKET
5.7.1 THREATS OF NEW ENTRANTS
5.7.2 THREAT OF SUBSTITUTES
5.7.3 BARGAINING POWERS OF SUPPLIERS
5.7.4 BARGAINING POWERS OF BUYERS
5.7.5 INTENSITY OF COMPETITIVE RIVALRY
6 INDUSTRY TRENDS (Page No. - 62)
6.1 INTRODUCTION
6.2 KEY TECHNOLOGY VENDORS
FIGURE 20 TARGET DRONES MARKET: KEY TECHNOLOGY VENDORS
6.3 MATURITY MAP OF TARGET DRONES
FIGURE 21 TARGET DRONES MATURITY STAGES
6.4 TECHNOLOGY TRENDS
FIGURE 22 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 11 INNOVATION AND PATENT REGISTRATIONS
7 TARGET DRONES MARKET, BY TYPE (Page No. - 67)
7.1 INTRODUCTION
TABLE 12 TARGET DRONES USED ACROSS VARIOUS MILITARY PLATFORMS
FIGURE 23 TARGET DRONES MARKET, BY TYPE, 2022 & 2027 (USD MILLION)
TABLE 13 TARGET DRONES MARKET, BY TYPE, 2019–2027 (USD MILLION)
7.2 FIXED WING
TABLE 14 FIXED WING TARGET DRONES MARKET, BY TYPE, 2019–2027 (USD MILLION)
7.2.1 DRONES
7.2.1.1 Need to enhance military training capabilities to drive segment
7.2.2 CRUISE TARGETS
7.2.2.1 Need to replicate anti-cruise missile threats to drive segment
TABLE 15 CRUISE TARGET DRONES MARKET, BY TYPE, 2019–2027 (USD MILLION)
7.3 ROTARY WING
7.3.1 INCREASING EFFORTS TO SIMULATE ENEMY THREATS TO DRIVE SEGMENT
8 TARGET DRONES MARKET, BY END USE (Page No. - 72)
8.1 INTRODUCTION
FIGURE 24 TARGET DRONES MARKET, BY END USE, 2022 & 2027 (USD MILLION)
TABLE 16 TARGET DRONES MARKET, BY END USE, 2019–2027 (USD MILLION)
8.2 AERIAL TARGETS
8.2.1 INCREASING PROCUREMENT BY ARMED FORCES TO DRIVE SEGMENT
8.3 GROUND TARGETS
8.3.1 USE IN AIR & GROUND CREW TRAINING TO DRIVE SEGMENT
8.4 MARINE TARGETS
TABLE 17 MARINE TARGET DRONES MARKET, BY TYPE, 2019–2027 (USD MILLION)
8.4.1 UNDERWATER TARGETS
8.4.1.1 Preference for low-cost alternatives to submarines in ASW training to drive segment
8.4.2 SEA SURFACE TARGETS
8.4.2.1 Increasing naval gunnery training and weapon testing to drive segment
9 TARGET DRONES MARKET, BY END USER (Page No. - 76)
9.1 INTRODUCTION
FIGURE 25 TARGET DRONES MARKET, BY END USER, 2022 & 2027 (USD MILLION)
TABLE 18 TARGET DRONES MARKET, BY END USER, 2019–2027 (USD MILLION)
9.2 DEFENSE
TABLE 19 DEFENSE TARGET DRONES MARKET, BY SECTOR, 2019–2027 (USD MILLION)
9.2.1 MILITARY
9.2.1.1 Wide-scale use of target drones by armed forces for training to drive segment
9.2.2 HOMELAND SECURITY
9.2.2.1 Application of target drones in surveillance and police training to drive segment
9.3 COMMERCIAL
9.3.1 INVESTMENTS BY PUBLIC AND PRIVATE SECTORS TO DRIVE SEGMENT
10 TARGET DRONES MARKET, BY TARGET TYPE (Page No. - 79)
10.1 INTRODUCTION
FIGURE 26 TARGET DRONES MARKET, BY TARGET TYPE, 2022 & 2027 (USD MILLION)
TABLE 20 TARGET DRONES MARKET, BY TARGET TYPE, 2019–2027 (USD MILLION)
10.2 FULL-SCALE TARGETS
10.2.1 CONVERSION OF RETIRED FIGHTER AIRCRAFT TO DRIVE SEGMENT
10.3 SUBSCALE TARGETS
10.3.1 WIDE APPLICATION AREAS TO DRIVE SEGMENT
10.4 FREE-FLYING TARGETS
10.4.1 DEMAND FOR LOW-COST AERIAL TARGETS TO DRIVE SEGMENT
10.5 TOWING TARGETS
10.5.1 INCREASE IN TRACKING & FIRING PRACTICES TO DRIVE SEGMENT
10.6 SPORTING TARGETS
10.6.1 INCREASING NUMBER OF TARGET SHOOTING SPORTS TO DRIVE SEGMENT
11 TARGET DRONES MARKET, BY APPLICATION (Page No. - 82)
11.1 INTRODUCTION
FIGURE 27 TARGET DRONES MARKET, BY APPLICATION, 2022 & 2027 (USD MILLION)
TABLE 21 TARGET DRONES MARKET, BY APPLICATION, 2019–2027 (USD MILLION)
11.2 COMBAT TRAINING
11.2.1 WIDE-SCALE ADOPTION OF TARGET DRONES BY DEFENSE FORCES TO DRIVE SEGMENT
11.3 TARGET & DECOY
11.3.1 ADVANCEMENTS IN THREAT SIMULATION TECHNOLOGY TO DRIVE SEGMENT
11.4 RECONNAISSANCE
11.4.1 DEMAND FOR OPERATIONS IN NO-FLY ZONES TO DRIVE SEGMENT
11.5 TARGET IDENTIFICATION
11.5.1 GROWING ADOPTION OF UNMANNED SYSTEMS TO DRIVE SEGMENT
11.6 TARGET ACQUISITION
11.6.1 ADVANCEMENTS IN SENSORY DISPLAY FORMAT TO DRIVE SEGMENT
12 TARGET DRONES MARKET, BY ENGINE TYPE (Page No. - 85)
12.1 INTRODUCTION
FIGURE 28 TARGET DRONES MARKET, BY ENGINE TYPE, 2022 & 2027 (USD MILLION)
TABLE 22 TARGET DRONES MARKET, BY ENGINE TYPE, 2019–2027 (USD MILLION)
12.2 JET ENGINES
12.2.1 BENEFITS OVER OTHER PROPULSION SYSTEMS TO DRIVE SEGMENT
12.3 INTERNAL COMBUSTION (IC) ENGINES
12.3.1 USE IN LIGHTWEIGHT TARGET DRONES TO DRIVE SEGMENT
12.4 OTHERS
13 TARGET DRONES MARKET, BY BUILD (Page No. - 88)
13.1 INTRODUCTION
FIGURE 29 TARGET DRONES MARKET, BY BUILD, 2022 & 2027 (USD MILLION)
TABLE 23 TARGET DRONES MARKET, BY BUILD, 2019–2027 (USD MILLION)
13.2 NEWBUILD
13.2.1 LIMITED DEFENSE BUDGET ALLOCATION IN EMERGING ECONOMIES TO DRIVE SEGMENT
13.3 CONVERTED
13.3.1 INCREASING CONVERSION OF RETIRED FIGHTER AIRCRAFT TO DRIVE SEGMENT
14 TARGET DRONES MARKET, BY SPEED (Page No. - 91)
14.1 INTRODUCTION
FIGURE 30 TARGET DRONES MARKET, BY SPEED, 2022 & 2027 (USD MILLION)
TABLE 24 TARGET DRONES MARKET, BY SPEED, 2019–2027 (USD MILLION)
14.2 HIGH (> 250 MPS)
14.2.1 NEED TO REPLICATE THREATS IN MILITARY PRACTICES TO DRIVE SEGMENT
14.3 LOW (< 250 MPS)
14.3.1 COST-EFFECTIVENESS TO DRIVE SEGMENT
15 TARGET DRONES MARKET, BY PAYLOAD CAPACITY (Page No. - 94)
15.1 INTRODUCTION
FIGURE 31 TARGET DRONES MARKET, BY PAYLOAD CAPACITY, 2022 & 2027 (USD MILLION)
TABLE 25 TARGET DRONES MARKET, BY PAYLOAD CAPACITY, 2019–2027 (USD MILLION)
15.2 HIGH (> 40 KG)
15.2.1 USE IN CRITICAL DEFENSE APPLICATIONS TO DRIVE SEGMENT
15.3 MEDIUM (20 KG TO 40 KG)
15.3.1 INCREASING NEED TO PERFORM ADDITIONAL FUNCTIONS TO DRIVE SEGMENT
15.4 LOW (< 20 KG)
15.4.1 USE IN BASIC APPLICATIONS TO DRIVE SEGMENT
16 TARGET DRONES MARKET, BY MODE OF OPERATION (Page No. - 97)
16.1 INTRODUCTION
FIGURE 32 TARGET DRONES MARKET, BY MODE OF OPERATION, 2022 & 2027 (USD MILLION)
TABLE 26 TARGET DRONES MARKET, BY MODE OF OPERATION, 2019–2027 (USD MILLION)
16.2 AUTONOMOUS
16.2.1 ADVANCEMENTS IN SENSOR TECHNOLOGY TO DRIVE SEGMENT
16.3 REMOTELY PILOTED
16.3.1 GROWING NEED FOR BETTER CONTROL OF DRONES TO DRIVE SEGMENT
16.4 OPTIONALLY PILOTED
16.4.1 INCREASING USE IN RECONNAISSANCE TO DRIVE SEGMENT
17 TARGET DRONES MARKET, BY REGION (Page No. - 100)
17.1 INTRODUCTION
FIGURE 33 TARGET DRONES MARKET: REGIONAL SNAPSHOT
TABLE 27 TARGET DRONES MARKET, BY REGION, 2019–2027 (USD MILLION)
17.2 NORTH AMERICA
FIGURE 34 NORTH AMERICA: TARGET DRONES MARKET SNAPSHOT
17.2.1 PESTLE ANALYSIS
TABLE 28 NORTH AMERICA: TARGET DRONES MARKET, BY ENGINE TYPE, 2019–2027 (USD MILLION)
TABLE 29 NORTH AMERICA: TARGET DRONES MARKET, BY END USER, 2019–2027 (USD MILLION)
TABLE 30 NORTH AMERICA: TARGET DRONES MARKET, BY BUILD, 2019–2027 (USD MILLION)
TABLE 31 NORTH AMERICA: TARGET DRONES MARKET, BY END USE, 2019–2027 (USD MILLION)
TABLE 32 NORTH AMERICA: TARGET DRONES MARKET, BY TARGET TYPE, 2019–2027 (USD MILLION)
TABLE 33 NORTH AMERICA: TARGET DRONES MARKET, BY COUNTRY, 2019–2027 (USD MILLION)
17.2.2 US
17.2.2.1 Increasing demand in commercial and military applications to drive market
TABLE 34 US: TARGET DRONES MARKET, BY ENGINE TYPE, 2019–2027 (USD MILLION)
TABLE 35 US: TARGET DRONES MARKET, BY END USER, 2019–2027 (USD MILLION)
TABLE 36 US: TARGET DRONES MARKET, BY BUILD, 2019–2027 (USD MILLION)
TABLE 37 US: TARGET DRONES MARKET, BY END USE, 2019–2027 (USD MILLION)
TABLE 38 US: TARGET DRONES MARKET, BY TARGET TYPE, 2019–2027 (USD MILLION)
17.2.3 CANADA
17.2.3.1 New developments and government initiatives to drive market
TABLE 39 CANADA: TARGET DRONES MARKET, BY ENGINE TYPE, 2019–2027 (USD MILLION)
TABLE 40 CANADA: TARGET DRONES MARKET, BY END USER, 2019–2027 (USD MILLION)
TABLE 41 CANADA: TARGET DRONES MARKET, BY BUILD, 2019–2027 (USD MILLION)
TABLE 42 CANADA: TARGET DRONES MARKET, BY END USE, 2019–2027 (USD MILLION)
TABLE 43 CANADA: TARGET DRONES MARKET, BY TARGET TYPE, 2019–2027 (USD MILLION)
17.3 EUROPE
FIGURE 35 EUROPE: TARGET DRONES MARKET SNAPSHOT
17.3.1 PESTLE ANALYSIS
TABLE 44 EUROPE: TARGET DRONES MARKET, BY ENGINE TYPE, 2019–2027 (USD MILLION)
TABLE 45 EUROPE: TARGET DRONES MARKET, BY END USER, 2019–2027 (USD MILLION)
TABLE 46 EUROPE: TARGET DRONES MARKET, BY BUILD, 2019–2027 (USD MILLION)
TABLE 47 EUROPE: TARGET DRONES MARKET, BY END USE, 2019–2027 (USD MILLION)
TABLE 48 EUROPE: TARGET DRONES MARKET, BY TARGET TYPE, 2019–2027 (USD MILLION)
TABLE 49 EUROPE: TARGET DRONES MARKET, BY COUNTRY, 2019–2027 (USD MILLION)
17.3.2 UK
17.3.2.1 Technological advancements and changes in regulatory policies to drive market
TABLE 50 UK: TARGET DRONES MARKET, BY ENGINE TYPE, 2019–2027 (USD MILLION)
TABLE 51 UK: TARGET DRONES MARKET, BY END USER, 2019–2027 (USD MILLION)
TABLE 52 UK: TARGET DRONES MARKET, BY BUILD, 2019–2027 (USD MILLION)
TABLE 53 UK: TARGET DRONES MARKET, BY END USE, 2019–2027 (USD MILLION)
TABLE 54 UK: TARGET DRONES MARKET, BY TARGET TYPE, 2019–2027 (USD MILLION)
17.3.3 ITALY
17.3.3.1 Increasing demand for border surveillance and maritime patrol to drive market
TABLE 55 ITALY: TARGET DRONES MARKET, BY ENGINE TYPE, 2019–2027 (USD MILLION)
TABLE 56 ITALY: TARGET DRONES MARKET, BY END USER, 2019–2027 (USD MILLION)
TABLE 57 ITALY: TARGET DRONES MARKET, BY BUILD, 2019–2027 (USD MILLION)
TABLE 58 ITALY: TARGET DRONES MARKET, BY END USE, 2019–2027 (USD MILLION)
TABLE 59 ITALY: TARGET DRONES MARKET, BY TARGET TYPE, 2019–2027 (USD MILLION)
17.3.4 FRANCE
17.3.4.1 Government initiatives to support development of UAV capabilities to drive market
TABLE 60 FRANCE: TARGET DRONES MARKET, BY ENGINE TYPE, 2019–2027 (USD MILLION)
TABLE 61 FRANCE: TARGET DRONES MARKET, BY END USER, 2019–2027 (USD MILLION)
TABLE 62 FRANCE: TARGET DRONES MARKET, BY BUILD, 2019–2027 (USD MILLION)
TABLE 63 FRANCE: TARGET DRONES MARKET, BY END USE, 2019–2027 (USD MILLION)
TABLE 64 FRANCE: TARGET DRONES MARKET, BY TARGET TYPE, 2019–2027 (USD MILLION)
17.3.5 RUSSIA
17.3.5.1 Increasing spending on procurement of technologically advanced combat drones to drive market
TABLE 65 RUSSIA: TARGET DRONES MARKET, BY ENGINE TYPE, 2019–2027 (USD MILLION)
TABLE 66 RUSSIA: TARGET DRONES MARKET, BY END USER, 2019–2027 (USD MILLION)
TABLE 67 RUSSIA: TARGET DRONES MARKET, BY BUILD, 2019–2027 (USD MILLION)
TABLE 68 RUSSIA: TARGET DRONES MARKET, BY END USE, 2019–2027 (USD MILLION)
TABLE 69 RUSSIA: TARGET DRONES MARKET, BY TARGET TYPE, 2019–2027 (USD MILLION)
17.3.6 REST OF EUROPE
TABLE 70 REST OF EUROPE: TARGET DRONES MARKET, BY ENGINE TYPE, 2019–2027 (USD MILLION)
TABLE 71 REST OF EUROPE: TARGET DRONES MARKET, BY END USER, 2019–2027 (USD MILLION)
TABLE 72 REST OF EUROPE: TARGET DRONES MARKET, BY BUILD, 2019–2027 (USD MILLION)
TABLE 73 REST OF EUROPE: TARGET DRONES MARKET, BY END USE, 2019–2027 (USD MILLION)
TABLE 74 REST OF EUROPE: TARGET DRONES MARKET, BY TARGET TYPE, 2019–2027 (USD MILLION)
17.4 ASIA PACIFIC
17.4.1 PESTLE ANALYSIS
FIGURE 36 ASIA PACIFIC: TARGET DRONES MARKET SNAPSHOT
TABLE 75 ASIA PACIFIC: TARGET DRONES MARKET SIZE, BY ENGINE TYPE, 2019–2027 (USD MILLION)
TABLE 76 ASIA PACIFIC: TARGET DRONES MARKET SIZE, BY END USER, 2019–2027 (USD MILLION)
TABLE 77 ASIA PACIFIC: TARGET DRONES MARKET SIZE, BY BUILD, 2019–2027 (USD MILLION)
TABLE 78 ASIA PACIFIC: TARGET DRONES MARKET SIZE, BY END USE, 2019–2027 (USD MILLION)
TABLE 79 ASIA PACIFIC: TARGET DRONES MARKET SIZE, BY TARGET TYPE, 2019–2027 (USD MILLION)
TABLE 80 ASIA PACIFIC: TARGET DRONES MARKET SIZE, BY COUNTRY, 2019–2027 (USD MILLION)
17.4.2 CHINA
17.4.2.1 Increasing procurement of UAVs for military and commercial applications to drive market
TABLE 81 CHINA: TARGET DRONES MARKET SIZE, BY ENGINE TYPE, 2019–2027 (USD MILLION)
TABLE 82 CHINA: TARGET DRONES MARKET SIZE, BY END USER, 2019–2027 (USD MILLION)
TABLE 83 CHINA: TARGET DRONES MARKET SIZE, BY BUILD, 2019–2027 (USD MILLION)
TABLE 84 CHINA: TARGET DRONES MARKET SIZE, BY END USE, 2019–2027 (USD MILLION)
TABLE 85 CHINA: TARGET DRONES MARKET SIZE, BY TARGET TYPE, 2019–2027 (USD MILLION)
17.4.3 INDIA
17.4.3.1 Increasing demand for indigenous military UAVs to drive market
TABLE 86 INDIA: TARGET DRONES MARKET SIZE, BY ENGINE TYPE, 2019–2027 (USD MILLION)
TABLE 87 INDIA: TARGET DRONES MARKET SIZE, BY END USER, 2019–2027 (USD MILLION)
TABLE 88 INDIA: TARGET DRONES MARKET SIZE, BY BUILD, 2019–2027 (USD MILLION)
TABLE 89 INDIA: TARGET DRONES MARKET SIZE, BY END USE, 2019–2027 (USD MILLION)
TABLE 90 INDIA: TARGET DRONES MARKET SIZE, BY TARGET TYPE, 2019–2027 (USD MILLION)
17.4.4 SOUTH KOREA
17.4.4.1 Growing use in surveillance and monitoring applications to drive market
TABLE 91 SOUTH KOREA: TARGET DRONES MARKET SIZE, BY ENGINE TYPE, 2019–2027 (USD MILLION)
TABLE 92 SOUTH KOREA: TARGET DRONES MARKET SIZE, BY END USER, 2019–2027 (USD MILLION)
TABLE 93 SOUTH KOREA: TARGET DRONES MARKET SIZE, BY BUILD, 2019–2027 (USD MILLION)
TABLE 94 SOUTH KOREA: TARGET DRONES MARKET SIZE, BY END USE, 2019–2027 (USD MILLION)
TABLE 95 SOUTH KOREA: TARGET DRONES MARKET SIZE, BY TARGET TYPE, 2019–2027 (USD MILLION)
17.4.5 AUSTRALIA
17.4.5.1 Growing use in commercial sector to drive market
TABLE 96 AUSTRALIA: TARGET DRONES MARKET SIZE, BY ENGINE TYPE, 2019–2027 (USD MILLION)
TABLE 97 AUSTRALIA: TARGET DRONES MARKET SIZE, BY END USER, 2019–2027 (USD MILLION)
TABLE 98 AUSTRALIA: TARGET DRONES MARKET SIZE, BY BUILD, 2019–2027 (USD MILLION)
TABLE 99 AUSTRALIA: TARGET DRONES MARKET SIZE, BY END USE, 2019–2027 (USD MILLION)
TABLE 100 AUSTRALIA: TARGET DRONES MARKET SIZE, BY TARGET TYPE, 2019–2027 (USD MILLION)
17.4.6 JAPAN
17.4.6.1 Technological advancements and significant defense budget to drive market
TABLE 101 JAPAN: TARGET DRONES MARKET SIZE, BY ENGINE TYPE, 2019–2027 (USD MILLION)
TABLE 102 JAPAN: TARGET DRONES MARKET SIZE, BY END USER, 2019–2027 (USD MILLION)
TABLE 103 JAPAN: TARGET DRONES MARKET SIZE, BY BUILD, 2019–2027 (USD MILLION)
TABLE 104 JAPAN: TARGET DRONES MARKET SIZE, BY END USE, 2019–2027 (USD MILLION)
TABLE 105 JAPAN: TARGET DRONES MARKET SIZE, BY TARGET TYPE, 2019–2027 (USD MILLION)
17.4.7 REST OF ASIA PACIFIC
TABLE 106 REST OF ASIA PACIFIC: TARGET DRONES MARKET SIZE, BY ENGINE TYPE, 2019–2027 (USD MILLION)
TABLE 107 REST OF ASIA PACIFIC: TARGET DRONES MARKET SIZE, BY END USER, 2019–2027 (USD MILLION)
TABLE 108 REST OF ASIA PACIFIC: TARGET DRONES MARKET SIZE, BY BUILD, 2019–2027 (USD MILLION)
TABLE 109 REST OF ASIA PACIFIC: TARGET DRONES MARKET SIZE, BY END USE, 2019–2027 (USD MILLION)
TABLE 110 REST OF ASIA PACIFIC: TARGET DRONES MARKET SIZE, BY TARGET TYPE, 2019–2027 (USD MILLION)
17.5 MIDDLE EAST & NORTH AFRICA
TABLE 111 MIDDLE EAST & NORTH AFRICA: TARGET DRONES MARKET, BY ENGINE TYPE, 2019–2027 (USD MILLION)
TABLE 112 MIDDLE EAST & NORTH AFRICA: TARGET DRONES MARKET, BY END USER, 2019–2027 (USD MILLION)
TABLE 113 MIDDLE EAST & NORTH AFRICA: TARGET DRONES MARKET, BY END USE, 2019–2027 (USD MILLION)
TABLE 114 MIDDLE EAST & NORTH AFRICA: TARGET DRONES MARKET, BY TARGET TYPE, 2019–2027 (USD MILLION)
TABLE 115 MIDDLE EAST & NORTH AFRICA: TARGET DRONES MARKET, BY COUNTRY, 2019–2027 (USD MILLION)
17.5.1 EGYPT
17.5.1.1 Increasing demand from armed drones to drive market
TABLE 116 EGYPT: TARGET DRONES MARKET, BY ENGINE TYPE, 2019–2027 (USD MILLION)
TABLE 117 EGYPT: TARGET DRONES MARKET, BY END USER, 2019–2027 (USD MILLION)
TABLE 118 EGYPT: TARGET DRONES MARKET, BY END USE, 2019–2027 (USD MILLION)
TABLE 119 EGYPT: TARGET DRONES MARKET, BY TARGET TYPE, 2019–2027 (USD MILLION)
17.5.2 ISRAEL
17.5.2.1 Increased R&D spending on military and commercial applications to drive market
TABLE 120 ISRAEL: TARGET DRONES MARKET, BY ENGINE TYPE, 2019–2027 (USD MILLION)
TABLE 121 ISRAEL: TARGET DRONES MARKET, BY END USER, 2019–2027 (USD MILLION)
TABLE 122 ISRAEL: TARGET DRONES MARKET, BY END USE, 2019–2027 (USD MILLION)
TABLE 123 ISRAEL: TARGET DRONES MARKET, BY TARGET TYPE, 2019–2027 (USD MILLION)
17.5.3 REST OF MIDDLE EAST & NORTH AFRICA
TABLE 124 REST OF MIDDLE EAST & NORTH AFRICA: TARGET DRONES MARKET, BY ENGINE TYPE, 2019–2027 (USD MILLION)
TABLE 125 REST OF MIDDLE EAST & NORTH AFRICA: TARGET DRONES MARKET, BY END USER, 2019–2027 (USD MILLION)
TABLE 126 REST OF MIDDLE EAST & NORTH AFRICA: TARGET DRONES MARKET, BY END USE, 2019–2027 (USD MILLION)
TABLE 127 REST OF MIDDLE EAST & NORTH AFRICA: TARGET DRONES MARKET, BY TARGET TYPE, 2019–2027 (USD MILLION)
17.6 REST OF THE WORLD (ROW)
TABLE 128 ROW: TARGET DRONES MARKET, BY ENGINE TYPE, 2019–2027 (USD MILLION)
TABLE 129 ROW: TARGET DRONE MARKET, BY END USER, 2019–2027 (USD MILLION)
TABLE 130 ROW: TARGET DRONES MARKET, BY END USE, 2019–2027 (USD MILLION)
TABLE 131 ROW: TARGET DRONE MARKET, BY TARGET TYPE, 2019–2027 (USD MILLION)
TABLE 132 ROW: TARGET DRONES MARKET, BY COUNTRY, 2019–2027 (USD MILLION)
17.6.1 BRAZIL
17.6.1.1 Increasing use by defense sector to drive market
TABLE 133 BRAZIL: TARGET DRONES MARKET, BY ENGINE TYPE, 2019–2027 (USD MILLION)
TABLE 134 BRAZIL: TARGET DRONE MARKET, BY END USER, 2019–2027 (USD MILLION)
TABLE 135 BRAZIL: TARGET DRONE MARKET, BY END USE, 2019–2027 (USD MILLION)
TABLE 136 BRAZIL: TARGET DRONES MARKET, BY TARGET TYPE, 2019–2027 (USD MILLION)
17.6.2 SOUTH AFRICA
17.6.2.1 Investments by international players to drive market
TABLE 137 SOUTH AFRICA: TARGET DRONES MARKET, BY ENGINE TYPE, 2019–2027 (USD MILLION)
TABLE 138 SOUTH AFRICA: TARGET DRONE MARKET, BY END USER, 2019–2027 (USD MILLION)
TABLE 139 SOUTH AFRICA: TARGET DRONES MARKET, BY END USE, 2019–2027 (USD MILLION)
TABLE 140 SOUTH AFRICA: TARGET DRONE MARKET, BY TARGET TYPE, 2019–2027 (USD MILLION)
17.6.3 OTHERS IN ROW
TABLE 141 OTHERS IN ROW: TARGET DRONES MARKET, BY ENGINE TYPE, 2019–2027 (USD MILLION)
TABLE 142 OTHERS IN ROW: TARGET DRONES MARKET, BY END USER, 2019–2027 (USD MILLION)
TABLE 143 OTHERS IN ROW: TARGET DRONES MARKET, BY END USE, 2019–2027 (USD MILLION)
TABLE 144 OTHERS IN ROW: TARGET DRONES MARKET, BY TARGET TYPE, 2019–2027 (USD MILLION)
18 COMPETITIVE LANDSCAPE (Page No. - 145)
18.1 INTRODUCTION
18.1.1 MARKET EVALUATION FRAMEWORK
FIGURE 37 MARKET EVALUATION FRAMEWORK: DEALS WERE LEADING STRATEGY FOR TOP PLAYERS IN 2021
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 38 TARGET DRONES MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2022
18.3 RANKING OF KEY PLAYERS, 2022
FIGURE 39 RANKING OF TOP PLAYERS IN TARGET DRONES MARKET, 2022
18.4 COMPETITIVE SCENARIO
18.4.1 DEALS
TABLE 145 DEALS
18.4.2 OTHER STRATEGIES
TABLE 146 OTHER STRATEGIES, 2022
19 COMPANY PROFILES (Page No. - 151)
19.1 INTRODUCTION
19.2 KEY PLAYERS
(Business overview, Products/solutions/services offered, Recent Developments, MNM view)*
19.2.1 THE BOEING COMPANY
TABLE 147 THE BOEING COMPANY: BUSINESS OVERVIEW
FIGURE 40 THE BOEING COMPANY: COMPANY SNAPSHOT
19.2.2 QINETIQ GROUP PLC
TABLE 148 QINETIQ GROUP PLC: BUSINESS OVERVIEW
TABLE 149 QINETIQ GROUP PLC: PRODUCT LAUNCHES
19.2.3 NORTHROP GRUMMAN CORPORATION
TABLE 150 NORTHROP GRUMMAN CORPORATION: BUSINESS OVERVIEW
FIGURE 41 NORTHROP GRUMMAN CORPORATION: COMPANY SNAPSHOT
TABLE 151 NORTHROP GRUMMAN CORPORATION: DEALS
19.2.4 KRATOS DEFENSE & SECURITY SOLUTIONS INC.
TABLE 152 KRATOS DEFENSE & SECURITY SOLUTIONS INC.: BUSINESS OVERVIEW
FIGURE 42 KRATOS DEFENSE AND SECURITY SOLUTIONS: COMPANY SNAPSHOT
TABLE 153 KRATOS DEFENSE & SECURITY SOLUTIONS INC.: DEALS
19.2.5 AIRBUS GROUP
TABLE 154 AIRBUS GROUP: BUSINESS OVERVIEW
FIGURE 43 AIRBUS GROUP: COMPANY SNAPSHOT
19.2.6 LOCKHEED MARTIN CORPORATION
TABLE 155 LOCKHEED MARTIN CORPORATION: BUSINESS OVERVIEW
FIGURE 44 LOCKHEED MARTIN CORPORATION: COMPANY SNAPSHOT
19.2.7 LEONARDO SPA.
TABLE 156 LEONARDO SPA: BUSINESS OVERVIEW
FIGURE 45 LEONARDO SPA: COMPANY SNAPSHOT
TABLE 157 LEONARDO SPA: DEALS
19.2.8 RAYTHEON TECHNOLOGIES CORPORATION
TABLE 158 RAYTHEON TECHNOLOGIES CORPORATION: BUSINESS OVERVIEW
FIGURE 46 RAYTHEON TECHNOLOGIES CORPORATION: COMPANY SNAPSHOT
TABLE 159 RAYTHEON TECHNOLOGIES CORPORATION: DEALS
19.2.9 BSK DEFENSE SA
TABLE 160 BSK DEFENSE SA: BUSINESS OVERVIEW
19.2.10 AIR AFFAIRS AUSTRALIA PTY LTD
TABLE 161 AIR AFFAIRS AUSTRALIA: BUSINESS OVERVIEW
19.2.11 SAAB AB
TABLE 162 SAAB AB: BUSINESS OVERVIEW
FIGURE 47 SAAB AB COMPANY SNAPSHOT
19.2.12 AEROTARGETS INTERNATIONAL LLC.
TABLE 163 AEROTARGETS INTERNATIONAL LLC: BUSINESS OVERVIEW
19.2.13 L3 ASV
TABLE 164 L3 ASV: BUSINESS OVERVIEW
TABLE 165 L3 ASV: DEALS
19.2.14 BAE SYSTEMS
TABLE 166 BAE SYSTEMS BUSINESS OVERVIEW
FIGURE 48 BAE SYSTEMS: COMPANY SNAPSHOT
19.2.15 GENERAL DYNAMICS CORPORATION
TABLE 167 GENERAL DYNAMICS CORPORATION: BUSINESS OVERVIEW
FIGURE 49 GENERAL DYNAMICS CORPORATION: COMPANY SNAPSHOT
TABLE 168 GENERAL DYNAMICS CORPORATION: DEALS
19.2.16 ALMAZ-ANTEY
TABLE 169 ALMAZ-ANTEY: BUSINESS OVERVIEW
TABLE 170 ALMAZ-ANTEY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
19.2.17 THALES
TABLE 171 THALES: BUSINESS OVERVIEW
FIGURE 50 THALES: COMPANY SNAPSHOT
TABLE 172 THALES: DEALS
19.2.18 ANADRONE SYSTEMS
TABLE 173 ANADRONE SYSTEMS: BUSINESS OVERVIEW
TABLE 174 ANADRONE SYSTEMS: DEALS
19.2.19 DENEL DYNAMICS
TABLE 175 DENEL DYNAMICS: BUSINESS OVERVIEW
19.2.20 GRIFFON AEROSPACE
TABLE 176 GRIFFON AEROSPACE : BUSINESS OVERVIEW
TABLE 177 GRIFFON AEROSPACE: DEALS
*Details on Business overview, Products/solutions/services offered, Recent Developments, MNM view 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
This research study involved the extensive use of secondary sources, directories, and databases, such as D&B Hoovers, Bloomberg Businessweek, and Factiva to identify and collect information relevant to the target drones market. Primary sources included industry experts from the core and related industries as well as preferred suppliers, manufacturers, solution providers, technology developers, alliances, and organizations related to all the segments of this industry’s value chain. All primary sources were interviewed to obtain and verify critical qualitative and quantitative information as well as to assess prospects for the growth of the market during the forecast period.
Secondary Research:
The share of companies in the target drones market was determined using secondary data made available through paid and unpaid sources and by analyzing their product portfolios. The companies were rated based on the performance and quality of their products. These data points were further validated by primary sources.
Secondary sources that were referred to for this research study on the target drones market included financial statements of companies offering and developing target drones products and solutions and information from various trade, business, and professional associations, among others. Secondary data was collected and analyzed to arrive at the overall size of the target drones market, which was further validated by primary respondents.
Primary Research:
Extensive primary research was conducted after obtaining information about the current scenario of the target drones market through secondary research. Several primary interviews were conducted with market experts from both, the demand- and supply-side across 5 major regions, namely, North America, Europe, Asia Pacific, the Middle East and Africa and Rest of the World. This primary data was collected through questionnaires, mails, and telephonic interviews.
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 size of the target drones market.
The research methodology that was used to estimate the size of the target drones market includes the following details.
Key players in the target drones market were identified through secondary research, and their market share was determined through primary and secondary research. This included a study of the annual and financial reports of the top market players and extensive interviews of leaders such as chief executive officers, directors, and marketing executives of the leading companies operating in the target drones market.
All percentage shares, splits, and breakdowns were determined using secondary sources and were verified through primary sources. All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data on the target drones market. This data was consolidated, enhanced with detailed inputs, analyzed by MarketsandMarkets, and presented in this report.
Market size estimation methodology: Bottom-up approach
To know about the assumptions considered for the study, Request for Free Sample Report
Data Triangulation
After arriving at the overall size of the target drones market from the market size estimation process explained above, the total market has been split into several segments and subsegments. The data triangulation and market breakdown procedures explained below have been implemented, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for various market segments and subsegments. The data was triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market size was validated using both, top-down and bottom-up approaches.
Objectives of the Study
- To define, describe, segment, and forecast the size of the target drones market based on engine type, end-use sector, build, end use, target type, application, mode of operation, speed, payload capacity, type, and region for the forecast period from 2022 to 2027
- To forecast the size of various segments of the market with respect to five major regions, namely, North America, Europe, Asia Pacific, the Middle East, and the Rest of the World (RoW), along with the major countries in each of these regions
- To identify and analyze the key drivers, restraints, opportunities, and challenges influencing the growth of the market
- To identify opportunities for stakeholders in the market by studying key market and technology trends
- To analyze competitive developments such as contracts, agreements, acquisitions & partnerships, new product launches & developments, and R&D activities in the market
- To estimate the procurement of target drones by different countries to track the market size of target drones
- To provide a comprehensive competitive landscape of the market along with an overview of the different strategies adopted by key players to strengthen their position in the market
- To identify transportation industry trends, market trends, and technology trends currently prevailing in the market
- To analyze micromarkets1 with respect to individual technological trends and their contribution to the total market
- To analyze opportunities in the market for stakeholders by identifying key market trends
- To profile key market players and comprehensively analyze their market share and core competencies2
- To provide a detailed competitive landscape of the market, along with an analysis of business and strategies such as mergers & acquisitions, partnerships, agreements, and product developments in the target drones market
- To identify detailed financial positions, key products, and unique selling points of leading companies in the market
Available Customizations:
Along with market data, MarketsandMarkets offers customizations as per the specific needs of a company. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to 5)
- Market analysis of additional countries (subject to the data availability)
Growth opportunities and latent adjacency in Target drones Market
We produce turbojet engines (200-1500 N thrust), turboprop and turboshaft engines (180 kW of power), and APU for helicopters and trainers. We are looking for UAV market that mainly include target drones, missiles, and fast moving UAVs.