Target Drones Market Key Highlights:
- Market Size (2024): USD 5.41 Billion
- Projected Market Size (2034): USD 10.06 Billion
- CAGR (2024-2034): 6.4%
Pricing Analysis:
- Price Growth
- Regional Variations
Market Historic Sales
- Total sales volume, year-over-year growth, product categories, and market share.
Revenue Estimation
- Forecasting future revenues based on historical data, market trends, and economic indicators.
Sales by Region
- Breakdown of sales performance across different geographical areas.
Revenue by Manufacturer
- Analysis of revenue contributions from different manufacturers in the market.
Target Drones Market Definition
The target drone market is one of the crucial industries in the aerospace and defense sector. This industry deals in developing unmanned aerial vehicles for combat operations. These drones are used to train military crews and help identify enemies. The UAVs are designed for several targets, including aerial, marine, and ground targets. Some target drones operate remotely, and others work autonomously. These drones have advanced technology to withstand different situations, such as ceiling altitude, endurance, payload, and C2 range. This industry is growing drastically with the rising investment in the global defense sector.
The rise in the number of warfare activities around the world has increased the demand for target drones. In warfare zones, these drones can be used as decoys to confuse enemies, along with their increased usage in launching missiles. In September 2024, Kratos announced that the company had received a contract of USD 79.8 million from the U.S. Air Force. This contract is related to delivering 60 BQM-167A target drones to the U.S. Air Force.
The convenience and flexibility offered by these drones allow them to invade warfare areas with easy accessibility. Target drones gather information for commercial purposes in several sectors, such as mining, energy, construction, agriculture, etc. Thus, the growing use of drones in military expeditions, along with its increased application in the commercial sector, is projected to boost the growth of the target drone market.
Advancements in aerial LiDAR technology, along with improved battery life in drones, are expected to create ample growth opportunities for the market players in the upcoming years.
Target Drones Market Segmentation:
By Type
- Aerial Targets
- Ground Targets
- Underwater Targets
- Sea Surface Targets
By Application
- Defense
- Homeland Security
- Commercial
Target Drones Market Companies:
- Boeing
- Qinetiq
- Northrop Grumman
- Kratos Defense & Security Solutions
- Airbus
- Lockheed Martin
- Leonardo
- BSK Defense
- Air Affairs Australia
- Saab AB
- Aerotargets
- ASV Global
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