HOME Research Insight Market Leader - Target Drones Market

Market Leader - Target Drones Market

Target drones are unmanned vehicles that are remotely controlled. These semi-autonomous or autonomous target vehicles can perform a variety of defense operations. Target drones are used in Anti-Aircraft Artillery (AAA), surface-to-air gunnery, missile crew training, and air-to-air engagement training, among others. They are also used to calibrate and test weapons or missiles and for tactical reconnaissance.

The target drones market is projected to grow from 3.79 Billion in 2016 to 6.20 Billion in 2022, at a CAGR of 8.55% from 2016 to 2022. Target drones have become a significant aspect of military, naval, and aviation operations. Increased investments in R&D activities and the rise in funding for military training programs in several countries across the globe are some of the key factors that are expected to drive the growth of the target drones market. Rising incidents of political violence, maritime piracy, terrorism, insurgency, and civil unrest have led to increased investments in the field of realistic military training and simulation. Target drones offer a solution for all aspects, such as realism, cost, and operational effectiveness, of threat simulation, which helps improve the overall effectiveness of training. Military forces worldwide are taking advantage of the constructive training environment offered by target drones for improved military training activities.

Key players operating in the target drones market include The Boeing Company (U.S.), QinetiQ Group plc (U.K.), Northrop Grumman Corporation (U.S.), Kratos Defense & Security Solutions, Inc. (U.S.), Airbus Group (Netherlands), Lockheed Martin Corporation (U.S.), Leonardo S.p.A. (Italy), Air Affairs Australia Pty Ltd. (Australia), Saab AB (Sweden), ASV Global (U.K.), and AeroTargets International, LLC (U.S.). These companies have well-equipped manufacturing facilities and strong distribution networks across North America, Europe, and Asia-Pacific.

Contracts and acquisitions were the key growth strategies adopted by the key players to strengthen their position in the target drones market. These players are focusing on increasing investments in R&D and developing strong relationships with government and civil agency clients to gain a competitive edge.

QinetiQ Group plc (U.K.) is one of the leading companies operating in the target drones market. The company has presence in Europe, North America, and Australia. In 2016, QinetiQ Group plc received a five-year contract worth USD 35 million from the Canadian Department of National Defense to supply aerial and surface target systems.

Kratos Defense & Security Solutions, Inc. is one of the leading providers of target drones for civil and defense markets. The company strengthened its position in the market through a series of contracts. For example, in 2017, Kratos Defense & Security Solutions Inc. was selected by the U.S. Air Force for the supply of 25 Air Force Subscale Aerial Targets to the Eglin Air Force Base in Florida, U.S.

Related Reports:

Target Drones Market by Engine Type (IC, Jet, others), End-user (Defense, Homeland Security, Commercial), Platform (Aerial, Ground, Underwater, and Sea Surface), Target Type (Full- & Sub-scaled, Free Fly, Tow, Sport) and Region - Global Forecast to 2022

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