Target Drone Market by Application (Airborne Forces, Ground Forces, and Naval Forces), Operation (Autonomous, Remotely Piloted, and Optionally Piloted), End User (Military Forces and Homeland Security): Global Market Size Estimates and Forecast (2019–2030)

Code: BMIRE00025807 | Pages: 100 | Industry: Aerospace and Defense | Date: Sep 2022 | Type: Global

The market was valued at US$ 2.2 billion in 2021 and is expected to hit US$ 5.8 billion by 2030, recording a CAGR of 11.6% during the forecast period.

Rising Number of Military Training Exercises has been Significantly Growing with the High Adoption of Target Robot Technologies.

The increasing demand for targeting autonomously moving objects for military training exercises is one of the major factors boosting the adoption of target UAVs across ground, air, and naval forces globally. The rising military expenditure is another major factor supporting the procurement of target drones technologies. Further, the demand for high-speed unmanned aerial targets is trending among the armed forces for naval-airborne and aerial combat exercises. Such factors are catalyzing the target drone market growth.

The military forces end user segment is expected to pace up the adoption of target drones worldwide. The demand for remotely controlled or remotely piloted target drones are expected to be on the higher side during the forecast period. This is owing to the presence of large numbers of remotely piloted product offerings by different vendors across the market which includes companies such as L3Harris Technologies Corporation, Airbus, AeroTargets International LLC, QinetiQ, and others.

Within the report, the market is segmented into application, operation, end user, built type, and geography. By target type, the market is further segmented into airborne forces, ground forces, and naval forces. On the basis of operation, the market is segmented into autonomous, remotely piloted, and optionally piloted. By end user, the market is bifurcated into military forces and homeland security. Geographically, the market is sub-segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa.

Supersonic Target Drone is a Far-Reaching Technology that Empowered the Growth of Futuristic Innovations.

The supersonic target drones are being adopted for military practices related to countermeasure or defeating supersonic missiles. This is mainly driven by the growing fleet of supersonic missiles by various armed forces across the world. Some of the vendors across target drone market are majorly focusing on the development of supersonic target drones to cater to the burgeoning market demands. For instance, in May 2019, QinetiQ unveiled the world’s first in-its-class Unmanned Air Vehicle (UAV) supersonic target that can be attached to its high-speed target drone product Banshee and launched during flight. Further, in September 2020, DRDO (Defense Research Development Organisation - India) announced that it had been carrying out research & development of supersonic STAR (Supersonic Target) sea-skimming target drones for Indian Navy military training exercises.

Rising Adoption in Military and Homeland Security Forces is One of the Major Factors Accelerating the Market Growth.

Target drones are used by military forces and homeland security divisions to provide specific combat trainings to their respective personnel. Military forces often conduct a greater number of combat training and technology testing exercises compared to the homeland security forces worldwide which is one of the major reasons behind the higher adoption of target drone technologies across the military forces compared to the homeland security divisions. Several naval forces across the world are highly focusing on the development and deployment of countermeasure technologies for which they often conduct testing and training exercises that involves large number of target products such as moving aerial targets. Such instances are propelling the adoption of target drones worldwide.

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Recent strategic developments in Target Drone market

The target drone market has undergone several significant developments, and a few of these have been mentioned below:

  • In March 2022, Turkish Aerospace Industries announced that it had been conducting the flight testing of its newly developed supersonic target drone as a part of SIMSEK High Speed Target Drone Project.
  • In January 2022, the US Navy awarded a contract worth US$ 50.9 million to Kratos Defense & Security Solutions Inc. for the procurement of 65 units of BQM-177A Subsonic Aerial Targets.
  • In November 2020, a Russian firm JSC CSTS Dinamika announced that it has passed the state trials of its newly developed largest target simulator with a rotary-wing target drone system.
  • In June 2019, QinetiQ announced that it has launched world’s first supersonic unmanned target drone product, named as Rattler. It also has the capability to be launched in mid-air while attaching with its Banshee High Speed Aerial Target Drone.

The target drone market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. AeroTargets International LLC, Denel Dynamics, Griffon Aerospace, Kratos Defense and Security Solutions Inc., Leonardo S.p.A., Northrop Grumman Corporation, Airbus, QinetiQ, L3Harris Technologies, and Meggitt Plc are among the prominent players operating in the market.

Target audience for the report:

  • Component providers
  • Aerial target drone manufacturers
  • Ground target drone manufacturers
  • Marine target drone manufacturers
  • Target drone converters
  • Software integrators
  • Military-related associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policy makers
  • Venture capitalists, private equity firms, and start-up companies
  • Electronic component suppliers
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Application:
    • Airborne Forces
    • Ground Forces
    • Naval Forces
  • Operation
    • Autonomous
    • Remotely Piloted
    • Optionally Piloted
  • End User:
    • Military Forces
    • Homeland Security
  • Region
    • North America
      • US
      • Canada
      • Mexico
    • Europe
    • Asia Pacific (APAC)
    • Middle East & Africa
    • South America
  • Companies profiled
    • AeroTargets International LLC
    • Denel Dynamics
    • Griffon Aerospace
    • Kratos Defense and Security Solutions, Inc.
    • Leonardo S.p.A.
    • Northrop Grumman Corporation
    • Airbus
    • QinetiQ
    • L3Harris Technologies Inc.
    • Meggitt Plc
  • AeroTargets International LLC
  • Denel Dynamics
  • Griffon Aerospace
  • Kratos Defense and Security Solutions, Inc.
  • Leonardo S.p.A.
  • Northrop Grumman Corporation
  • Airbus
  • QinetiQ
  • L3Harris Technologies Inc.
  • Meggitt Plc
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