Target Drones Market Research Report – Forecast to 2023
Global Target Drones Market by End-user (Defense, Homeland Security, Commercial), Platform (Aerial, Ground, Underwater, and Sea Surface), Engine Type (IC, Jet, others), Target Type (Full & Sub-scaled, Free Fly, Tow, Sport), & Region- Forecast till 2023
Global Target Drones Market by End-user (Defense, Homeland Security, Commercial), Platform (Aerial, Ground, Underwater, and Sea Surface), Engine Type (IC, Jet, others), Target Type (Full & Sub-scaled, Free Fly, Tow, Sport), & Region- Forecast till 2023
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<strong>Target</strong> <strong>Drones</strong> <strong>Market</strong> <strong>Research</strong> <strong>Report</strong> By<br />
<strong>Forecast</strong> To <strong>2023</strong><br />
Industry Survey, Growth, Competitive Landscape<br />
and <strong>Forecast</strong>s <strong>to</strong> <strong>2023</strong><br />
PREPARED BY<br />
<strong>Market</strong> <strong>Research</strong> Future<br />
(Part of Wantstats <strong>Research</strong> & Media Pvt. Ltd.)
<strong>Target</strong> <strong>Drones</strong> <strong>Market</strong> <strong>Research</strong> <strong>Report</strong> - <strong>Forecast</strong> <strong>to</strong> <strong>2023</strong><br />
Global <strong>Target</strong> <strong>Drones</strong> <strong>Market</strong> by End-user (Defense, Homeland Security, Commercial), Platform (Aerial,<br />
Ground, Underwater, and Sea Surface), Engine Type (IC, Jet, others), <strong>Target</strong> Type (Full & Sub-scaled, Free<br />
Fly, Tow, Sport), & Region- <strong>Forecast</strong> till <strong>2023</strong><br />
<strong>Target</strong> drone is a kind of unmanned aerial vehicle. <strong>Target</strong> drones can be used for ground targets, aerial targets, underwater<br />
targets, and sea surface targets. It is popularly used in the defense industry mostly for training in anti-aircraft warfare.<br />
Besides, it is used <strong>to</strong> simulate manned aircraft in radar, counter-air defense, and homeland security. In addition, the<br />
application of target drones has increased necessity in military trainings related <strong>to</strong> anti-missile and anti-submarine and in<br />
weapon calibration testing. The rising funds in the defense industry focused on training in several emerging nations is an<br />
eminent fac<strong>to</strong>r boosting the target drones market. In several developing economies, line fit based target drones is<br />
witnessing extensive acceptance due <strong>to</strong> their cost-effectiveness and wider accessibility in emerging regions. The growing<br />
number of innovation and patent registrations in several developed nations is expected <strong>to</strong> emphasize the market.<br />
Advancements in simulation technologies and the massive R&D capabilities being spent on developing these technologies<br />
are notable fac<strong>to</strong>rs increasing the market. As target drones are unmanned aerial vehicles they can be controlled by remote<br />
and are mainly used in the defense. They are the alternatives for aerial targets mainly used in evaluation, testing, research<br />
and development. The current target drones are used in radar and countermeasures in order <strong>to</strong> mimic the manned aircraft.<br />
The rise in funds for training programs in the military across the world is expected <strong>to</strong> fuel the demand for target drones as<br />
they are progressively being accepted in the defense sec<strong>to</strong>r for training. Furthermore, the rise in instances of political<br />
terrorism, and maritime piracy have amplified the investments for realistic military training. However, lack of skilled<br />
workforces <strong>to</strong> control and operate the target drones is expected <strong>to</strong> hamper the market during the forecast period.<br />
The target drones market is estimated <strong>to</strong> witness a CAGR of more than 9% during the forecast period 2018-<strong>2023</strong>.<br />
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<strong>Target</strong> <strong>Drones</strong> <strong>Market</strong> <strong>Research</strong> <strong>Report</strong> - <strong>Forecast</strong> <strong>to</strong> <strong>2023</strong><br />
Segmentation and Regional Analysis<br />
Based on the end user, the market can be segmented in<strong>to</strong> defense, homeland security, and commercial. Defense segment is<br />
estimated <strong>to</strong> be the major segment of the target drones market. Since target drones are majorly used for anti-aircraft, antimissile,<br />
and anti-submarine training in the defense sec<strong>to</strong>r. <strong>Target</strong> drones are similarly, also used for missile and weapon<br />
calibration testing.<br />
The target drones market can be segmented based on engine type, the target drones market can be split in<strong>to</strong> IC engines, jet<br />
engines, and others. The jet engine segment is foreseen <strong>to</strong> dominate the market during the forecast period due <strong>to</strong> the high<br />
adoption rate of target drones in the military due <strong>to</strong> their high speed engine technologies. The fit market can be additional<br />
segmented in<strong>to</strong> cus<strong>to</strong>mized fit and line fit. The line fit segment is expected <strong>to</strong> establish the largest market, as cus<strong>to</strong>mized fit<br />
is available only in the U.K and the U.S. Due <strong>to</strong> budget limitations in the defense in emerging countries, modification of<br />
fighter aircraft is not possible as most of the countries obtain such aircraft from Russia and the U.S. and are not able <strong>to</strong><br />
change them in<strong>to</strong> aerial targets. Consequently, the target drones in those countries are mostly line fit drones.<br />
In terms of region, the target drones market has been segmented in<strong>to</strong> North America, Europe, Asia Pacific, the Middle East<br />
& Africa, and South America. North America is expected <strong>to</strong> account for the largest share of the target drones market during<br />
the forecast period, owing <strong>to</strong> the rise in investment in defense training programs and the increase in budget allocated for<br />
target drones in the U.S. Furthermore, in the U.S., old fighter aircraft are converted in<strong>to</strong> aerial targets that help in missile<br />
training, testing trainings, and simulating real-time threat scenarios for military anti-aircraft missile systems. Asia Pacific is<br />
expected <strong>to</strong> witness the fastest growth rate during the forecast period from developing countries, such as India and China.<br />
In developing nations, target drones lack scope of modification, as they are sourced from countries such as Russia and the<br />
U.S. The NATO Missile Firing Installation (NAMFI) delivers an extensive firing range for target drones. Based in Souda Bay on<br />
the island of Crete, Greece, their services are used by Germany, Greece, the Netherlands, and the U.S.<br />
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<strong>Target</strong> <strong>Drones</strong> <strong>Market</strong> <strong>Research</strong> <strong>Report</strong> - <strong>Forecast</strong> <strong>to</strong> <strong>2023</strong><br />
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<strong>Target</strong> <strong>Drones</strong> <strong>Market</strong> <strong>Research</strong> <strong>Report</strong> - <strong>Forecast</strong> <strong>to</strong> <strong>2023</strong><br />
Key Players<br />
The key players in the target drones market are ASV Global (U.K), Aero<strong>Target</strong>s International, LLC (U.S.), Boeing Company<br />
(U.S.), QinetiQ Group Plc (U.K), Kra<strong>to</strong>s Defense & Security Solutions, Inc. (U.S.), Northrop Grumman Corporation (U.S.), Saab<br />
AB (Sweden), Airbus S.A.S (France), Leonardo S.p.A. (Italy), and Lockheed Martin Corporation (U.S.).<br />
The report for Global <strong>Target</strong> <strong>Drones</strong> <strong>Market</strong> of <strong>Market</strong> <strong>Research</strong> Future comprises extensive primary research along with the<br />
detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders <strong>to</strong> gain the<br />
deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which<br />
includes his<strong>to</strong>rical and projected market size in terms of value and volume, technological advancement, macro economical<br />
and governing fac<strong>to</strong>rs in the market. The report provides details information and strategies of the <strong>to</strong>p key players in the<br />
industry. The report also gives a broad study of the different market segments and regions.<br />
Browse <strong>Report</strong> @ https://www.marketresearchfuture.com/reports/target-drones-market-6000<br />
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