Press Release

Sep, 25 2023

Rising Expenditures on Defense by Different Countries is Expected to Drive the Demand for the Global Target Drones Market

A target drone, also known as a drone target or unmanned target vehicle (UTV), is an unmanned aircraft used primarily for target practice by military forces. These drones are designed to mimic the performance characteristics of enemy aircraft, missiles, or other aerial threats, allowing military personnel to train and test their weapons systems against realistic targets without risking human lives. The primary driver for target drone demand is the need for realistic training and readiness assessment in modern military forces. As armed forces seek to improve their combat capabilities, the demand for high-fidelity target drones remains strong.

Advances in drone technology have led to more sophisticated and capable target drones. These advancements make training exercises more challenging and realistic, further boosting demand.

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Data Bridge Market Research analyzes that the Global Target Drones Market is expected to reach USD 8,924.47 million by 2030, growing with a CAGR of 5.3% in the forecast period of 2023 to 2030. The rotary segment is projected to propel the market growth due to its versatility, realism, hovering capabilities, low-speed performance properties.

Key Findings of the Study

Target Drones Market

Advancements in Drone Technology

Advancements in drone technology are rapidly changing, advancing in an innovative era of capabilities and possibilities. Scientific and technological advancements across various domains are converging to redefine the potential of target drones and their applications. One of the significant areas is sensing technology, where the integration of RADAR (Radio Detection and Ranging) and LIDAR (Light Detection and Ranging) systems empowers drones with enhanced capacities in terms of performance. This enables them to navigate and keep reconnaissance into complex areas, avoid obstacles with precision, and generate highly accurate maps. Simultaneously, wireless and cellular communications are extending the reach of drones, enabling real-time data transmission and remote piloting over vast distances. These advancements have expanded the horizon for industries such as agriculture, infrastructure inspection, and emergency response, enabling them to operate with unprecedented efficiency and responsiveness.

Companies at the forefront of innovation are poised to harness the full potential of these advancements, which is expected to drive market growth.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Year

2021 (Customizable to 2015-2020)

Quantitative Units

Revenue in USD Million

Segments Covered

Type (Rotary and Fixed), Use (Aerial Target, Ground Target and Marine Target), Target Type (Free Flying Target, Full Scale Target, Subscale Target, Sporting Target, and Towing Target), Engine Type (Jet Engine and IC Engine), Speed (Less than 100 M/S and More than 100 M/S), Mode of Operation (Remotely Piloted, Autonomous, and Optionally Piloted), Payload Capacity (Less than 20 Kgs, 20 - 50 Kgs, and More than 50 Kgs), Application (Combat Training, Target and Decoy, Target Identification, Reconnaissance, and Target Acquisition), End User (Defense, Homeland Security, and Commercial)

Countries Covered

Germany, U.K., Italy, France, Russia, Spain, Switzerland, Turkey, Belgium, Netherlands, Sweden, Denmark, Poland, and Rest of Europe, China, Japan, South Korea, India, Singapore, Thailand, Indonesia, Malaysia, Philippines, Australia & New Zealand, Taiwan, Vietnam and Rest of Asia-Pacific, U.S., Canada, and Mexico, Saudi Arabia, South Africa, U.A.E., Egypt, Israel, Oman, Qatar, Bahrain and Rest of Middle East and Africa, Brazil, Argentina, and Rest of South America

Market Players Covered

SCR, Sistemas de Control Remoto (Spain), MSP (Poland), ANADRONE (India), AeroTargets International LLC. (U.S.), Denel Dynamics (South Africa), Thales (France), Saab AB (Sweden), SAFRAN (France), Lockheed Martin Corporation (U.S.), AIRBUS (Netherlands), Griffon Aerospace (U.S.), Northrop Grumman (U.S.), Boeing (U.S.), Leonardo S.p.A. (Italy), Kratos Defense & Security Solutions (U.S.), Inc. among others

Data Points Covered in the Report

In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Segment Analysis

Global target drones market is segmented into nine notable segments based on type, use, target type, engine type, speed, mode of operation, payload capacity, application, and end user.

  • On the basis of type, the global target drones market is segmented into fixed and rotary.

In 2023, the rotary segment is expected to dominate the global target drones market

In 2023, the rotary segment is expected to dominate the market with a 73.84% market share due to its versatility, realism, hovering capabilities, and low-speed performance properties.

  • On the basis of use, the global target drones market is segmented into aerial target, ground target, and marine target.

In 2023, the ground target is expected to dominate the global target drones market

In 2023, the ground target segment is expected to dominate the market with 61.14% market share as its application can be for infantry training, shooting practice, or other ground-based exercises.

  • On the basis of target type, the market is segmented into free flying target, full scale target, subscale target, sporting target, and towing target. In 2023, the free flying target segment is expected to dominate the market with 44.92% market share.
  • On the basis of engine type, the market is segmented into jet engine and IC engine. In 2023, the jet engine segment is expected to dominate the market with 70.74% market share.
  • On the basis of speed, the market is segmented into less than 100 m/s and more than 100 m/s. In 2023, the less than 100 m/s segment is expected to dominate the market with 71.74% market share.
  • On the basis of mode of operation, the market is segmented into remotely piloted, autonomous and optionally piloted. In 2023, the autonomous segment is expected to dominate the market with 58.13% market share.
  • On the basis of payload capacity, the market is segmented into less than 20 kgs, 20 - 50 kgs and more than 50 kgs. In 2023, the less than 20 kgs segment is expected to dominate the market with 77.26% market share.
  • On the basis of application, the market is segmented into combat training, target and decoy, target identification, reconnaissance, and target acquisition. In 2023, the combat training segment is expected to dominate the market with 57.55% market share.
  • On the basis of end user, the market is segmented into defense, homeland security, and commercial. In 2023, the defense segment is expected to dominate the market with 83.60% market share.

Major Players

Data Bridge Market Research recognizes the following companies as the market players in the global target drones market that include Lockheed Martin Corporation (U.S.), AIRBUS (Netherlands), Griffon Aerospace (U.S.), Northrop Grumman (U.S.), Boeing (U.S.), Griffon Aerospace (U.S.), Northrop Grumman (U.S.), among others.

Target Drones Market

Market Developments

  • In August 2023, The Department of Defence, Australia, chose Lockheed Martin Corporation as its strategic partner to oversee AIR6500 Phase 1 (AIR6500-1). The Australian Defence Force (ADF) will receive the Joint Air Battle Management System (JABMS) from AIR6500-1, which will serve as the innovative architecture at the heart of the ADF's upcoming integrated Air and Missile Defence (IAMD) capability. This will help the company to gain more order proposals from the clients.
  • In July 2023, Airbus Foundation joined forces with the Connected Conservation Foundation (CCF) to protect wildlife and preserve ecosystems with the help of Airbus Defence and Space satellite imagery.
  • In July 2023, The Government of Canada has awarded Airbus Defence and Space with a contract for four newly-built Airbus A330 Multi Role Tanker Transport aircraft (MRTT) and for the conversion of five used A330-200s in a quest to strengthen Canada’s continental defense capabilities.
  • In May 2023, a new Boeing [NYSE: BA] Distribution Services site opened at Panattoni Park Rzeszów Airport III. The facility more than doubles the space for storing aircraft parts compared to the prior location and expands Boeing’s presence in Poland’s Aviation Valley, a unique industrial hub.
  •  In February 2023, The U.S. Marine Corps awarded Northrop Grumman Corporation (NYSE: NOC) the initial production and operations contract for the Next Generation Handheld Targeting System (NGHTS). NGHTS is a compact targeting system that provides advanced precision targeting and is capable of operation in GPS-denied environments.

Regional Analysis

Geographically, the countries covered in the global target drones market report are Germany, U.K., Italy, France, Russia, Spain, Switzerland, Turkey, Belgium, Netherlands, Sweden, Denmark, Poland, and Rest of Europe, China, Japan, South Korea, India, Singapore, Thailand, Indonesia, Malaysia, Philippines, Australia & New Zealand, Taiwan, Vietnam and Rest of Asia-Pacific, U.S., Canada, and Mexico, Saudi Arabia, South Africa, U.A.E., Egypt, Israel, Oman, Qatar, Bahrain and Rest of Middle East and Africa, Brazil, Argentina, and Rest of South America.

As per Data Bridge Market Research analysis:

North America is expected to dominate the global target drones market

North America is expected to dominate the global target drones market due to the rise in defense spending, rising spending and adoption of unmanned aerial vehicle in the defense industry in this region.

Asia-Pacific is expected be the fastest growing region in global target drones market during the forecast period of 2023 – 2030

Asia-Pacific is expected be the fastest growing region in the global target drones market due to rise in spending on defense technologies and systems in the region.

For more detailed information about the global target drones market report, click here – https://www.databridgemarketresearch.com/reports/global-target-drones-market


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