Market Research Report
Target Drone - Global Market Outlook (2018-2027)
|Published by||Stratistics Market Research Consulting||Product code||939066|
|Published||Content info||156 Pages
Delivery time: 2-3 business days
|Target Drone - Global Market Outlook (2018-2027)|
|Published: April 1, 2020||Content info: 156 Pages||
According to Stratistics MRC, the Global Target Drone Market is accounted for $4.47 billion in 2018 and is expected to reach $11.06 billion by 2027 growing at a CAGR of 10.6% during the forecast period. Some of the main factors propelling the market growth are increased emphasis on military training and growing military expenditure. However, lack of well-trained professionals is the restraining factor for the growth of the market.
Target drones are remote controlled unmanned aerial vehicles (UAVs) and used for training individuals in anti-aircraft crew. They are used military training and tests for anti-aircraft warfare. They are used as ground target, arial target, underwater target, and sea surface target. Target drones are also used to test weapon calibration, anti-missile and anti-submarine training sessions.
By end user, the defense segment is expected to grow at a significant market share during the forecast period since target drones are extensively military trainings in the defense sector. Target drones are also used for missile and weapon calibration testing. On the basis of geography, North America is anticipated to hold considerable market share during the forecast period owing to the increasing defense expenditure in training programs and the rise in budget allocated for procurement of target drones in the U.S.
Some of the key players in Target Drone Market include Lockheed Martin Corporation, The Boeing Company, Northrop Grumman Corporation, Air Affairs Australia Pty Ltd, Leonardo S.P.A., Qinetiq Group PLC, ASV Global, Kratos Defense & Security Solutions Inc, Saab AB, Airbus Group, Aerotargets International LLC, and BSK Defense S.A.
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Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.