Market research future published a half cooked research report on global Target Drones market. The target drones market is estimated to witness a CAGR of more than 9% during the forecast period from 2018 to 2023.
Target drone is a kind of unmanned aerial vehicle. Target drones can be used for ground targets, aerial targets, underwater targets, and sea surface targets. It is popularly used in the defense industry mostly for training in anti-aircraft warfare. Besides, it is used to simulate manned aircraft in radar, counter-air defense, and homeland security. In addition, the application of target drones has increased necessity in military trainings related to anti-missile and anti-submarine and in weapon calibration testing. The rising funds in the defense industry focused on training in several emerging nations is an eminent factor boosting the target drones market.
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In several developing economies, line fit based target drones is witnessing extensive acceptance due to their cost-effectiveness and wider accessibility in emerging regions. The growing number of innovation and patent registrations in several developed nations is expected to emphasize the market. Advancements in simulation technologies and the massive R&D capabilities being spent on developing these technologies are notable factors increasing the market. As target drones are unmanned aerial vehicles they can be controlled by remote and are mainly used in the defense. They are the alternatives for aerial targets mainly used in evaluation, testing, research and development. The current target drones are used in radar and countermeasures in order to mimic the manned aircraft.
The rise in funds for training programs in the military across the world is expected to fuel the demand for target drones as they are progressively being accepted in the defense sector for training. Furthermore, the rise in instances of political terrorism, and maritime piracy have amplified the investments for realistic military training. However, lack of skilled workforces to control and operate the target drones is expected to hamper the market during the forecast period.
The key players in Target Drones market are ASV Global (U.K), AeroTargets International, LLC (U.S.), Boeing Company (U.S.), QinetiQ Group Plc (U.K), Kratos Defense & Security Solutions, Inc. (U.S.), Northrop Grumman Corporation (U.S.), Saab AB (Sweden), Airbus S.A.S (France), Leonardo S.p.A. (Italy), and Lockheed Martin Corporation (U.S.).
Scope of the Report
This study provides an overview of the global target drones market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC), Middle East and Africa, and South America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Target Drones market by its End-user, Platform, Engine Type, Target Type, and Region.
- Homeland Security
- Aerial Targets
- Ground Targets
- Underwater Targets
- Sea Surface Targets
By Engine Type
- Internal Combustion engine
- Jet Engine
By Target Type
- Free Flying
- Asia Pacific
- Middle East and Africa
- South America
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In terms of region, the target drones market has been segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South America. North America is expected to account for the largest share of the target drones market during the forecast period, owing to the rise in investment in defense training programs and the increase in budget allocated for target drones in the U.S. Furthermore, in the U.S., old fighter aircraft are converted into aerial targets that help in missile training, testing trainings, and simulating real-time threat scenarios for military anti-aircraft missile systems. Asia Pacific is expected to witness the fastest growth rate during the forecast period from developing countries, such as India and China. In developing nations, target drones lack scope of modification, as they are sourced from countries such as Russia and the U.S. The NATO Missile Firing Installation (NAMFI) delivers an extensive firing range for target drones. Based in Souda Bay on the island of Crete, Greece, their services are used by Germany, Greece, the Netherlands, and the U.S.
The report for Global Target Drones Market of Market Research Future comprises extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Table of Contents
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat of New Entrants
3.1.2 Bargaining Power of Buyers
3.1.3 Threat of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power of Buyers
3.2 Value Chain/supply Chain Analysis
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