IMARC Group, a leading market research company, has recently releases report titled “Target Drone Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The global target drone market size reached US$ 5.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 7.5 Billion by 2028, exhibiting a growth rate (CAGR) of 6.3% during 2023-2028.
What is Target Drone?
Target drones, also known as unmanned aerial targets, are remotely controlled vehicles used in military training exercises, weapons testing, and defense system evaluation. They provide a realistic and cost-effective solution for training pilots, air defense personnel, and missile operators by simulating threat scenarios and enabling them to develop their skills in a safe and controlled environment. They are equipped with sensors and electronic systems that accurately replicate the signatures, movements, and behaviors of various aircraft. Besides this, they possess the ability to mimic enemy tactics and capabilities and enhance the readiness and effectiveness of armed forces in combating evolving threats and ensuring national security.
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What are the growth prospects and trends in the industry?
There is a rise in cross-border conflicts among nations, which represents one of the key factors driving the market. This, along with the increasing need for advanced training methods and realistic combat simulations, is driving the demand for target drones. Additionally, the rising emphasis on integrated air defense systems and missile defense programs is leading to the surging demand for target drones. These drones enable the testing and evaluation of radar systems, surface-to-air missiles, and air defense assets and ensure their effectiveness and reliability. Moreover, the growing investments in military modernization and the procurement of advanced weaponry are favoring market growth. Furthermore, various advancements in drone technology, such as increased maneuverability, longer flight endurance, and improved sensor capabilities, are offering a favorable market outlook.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Fit Type:
- Line Fit
- Retro Fit
Breakup by Engine Type:
- Internal Combustion Engine
- Jet Engine
- Others
Breakup by Mode of Operation:
- Autonomous
- Remotely Piloted
Breakup by Application:
- Combat Training
- Target and Decoy
- Target Identification
- Target Acquisition
- Others
Breakup by End Use:
- Defense
- Commercial
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
Air Affairs Australia, Airbus SE, Denel Dynamics, Embention, Griffon Aerospace, Kratos Defense & Security Solutions Inc., Leonardo S.p.A., Lockheed Martin Corporation, Northrop Grumman Corporation, QinetiQ and Saab AB.
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