Target Drones Market

QinetiQ Group plc (UK), Kratos Defense & Security Solutions, Inc. (US) and Airbus Group (Netherlands) are leading players in Target Drones Market

The size of 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% from 2020 to 2025. Increased R&D investment and better funding for military training programs are key factors driving the growth of the target drones market.

Major players in the target drones market include 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. Increasing funding for military training programs has encouraged companies to adopt organic and inorganic growth strategies to increase their market share. Leading companies in the market have adopted organic growth strategies such as new product launches and contracts, to capture a significant share in the market.

QinetiQ Group plc is a major player in the target drones market. The company offers a wide range of target drones for various applications and has a strong backlog of government contracts. QinetiQ Group plc has adopted new product development to increase its product portfolio in the target drones market. The company has manufacturing facilities, sales & service affiliates, and a robust business partner network across Europe, North America, Asia Pacific, the Middle East, and Latin America, allowing it to provide worldwide customer support and consultation.

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

Kratos Defense & Security Solutions, Inc. is another player in the market that provides target drones for a wide range of applications. A strong focus on R&D by the company has resulted in the development of innovative products. Kratos leverages its expertise in unmanned aerial vehicles (UAVs) to align its products & services with the changing needs of the market. It focuses primarily on contracts with US defense organizations. For instance, in July 2018, Kratos Defense & Security Solutions was chosen for the delivery of first production BQM-177A Subsonic Aerial Target Drone Systems for the US Navy. Similarly, in June 2018, Kratos Defense & Security Solutions received an Unmanned Aerial Target Drone contract worth USD 31.8 million from the United States Air Force.

Airbus Group is among the top manufacturers of target drones in the market and has a strong manufacturing capacity. The company provides a wide network of services and has a strong footprint in North America, Europe, and Asia Pacific. Its sales and marketing networks are spread across North America, Latin America, Europe, Asia Pacific, and the Middle East. In 2017, the company achieved the mark of production for its 1,500th target drone. Airbus aims to expand its target drones business by widening the application areas of its products.

Related Reports:

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

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

Report Code
AS 5186
RI Published ON
6/1/2020
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Target Drones Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
© MarketsandMarkets Research Private Ltd. All rights reserved