Target Drone Market
PUBLISHED: 2023 ID: SMRC22512
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Target Drone Market

Target Drone Market Forecasts to 2028 - Global Analysis By Engine Type (IC, Jet and Other Engine Types), End User Sector (Commercial and Defence), Build (Converted and New Build), Target Type (Sub-Scale, Free-Flying and Other Target Types), Mode of Operation, Payload Capacity, Type, Application, End User and Geography

4.2 (91 reviews)
4.2 (91 reviews)
Published: 2023 ID: SMRC22512

This report covers the impact of COVID-19 on this global market
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Years Covered

2020-2028

Estimated Year Value (2022)

US $5.28 BN

Projected Year Value (2028)

US $8.82 BN

CAGR (2022 - 2028)

8.9%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

North America

Highest Growing Market

Asia Pacific

According to Stratistics MRC, the Global Target Drone Market is accounted for $5.28 billion in 2022 and is expected to reach $8.82 billion by 2028 growing at a CAGR of 8.9% during the forecast period. Target drones are unmanned (marine, ground, and airborne) vehicles that are typically employed for training in warfare against manned and unmanned threats, destruction tests on dummy targets that mimic the behaviour of genuine threats, and testing and developing new military systems. Target drones are utilised as more affordable alternatives to the tools and systems that militaries in different nations use. Target drones and unmanned aerial vehicles are nearly identical. These drones are used for targets on land, in the air, below the surface of the sea, and in the water. These drones are frequently employed to simulate anti-ship combat in training.

According to the Stockholm International Peace Research Institute (SIPRI), the global military expenditure has reached $1,981 billion in 2020 with a 2.6% year-on-year increase.



Market Dynamics:

Driver:

Increased emphasis on enhanced military training

The most effective option for threat simulation, including realism, cost, and operating efficiency, is provided by target drones, which also increases the effectiveness of training as a whole. Target drones provide military forces across the world with a beneficial training environment. Target drones were purchased by the UK Ministry of Defence as part of a $9.37 billion investment in military aviation training and equipment, according to the Defence Equipment Plan. To equip its aircrew for the rigours of upcoming combat operations, it intends to use cutting-edge, flexible, and long-lasting training systems that make use of the advantages of virtual settings.

Restraint:

Lack of skilled and trained personnel

Target drones don't have a pilot on board, so mistakes made while controlling them could have serious consequences. Target drones require specialised knowledge to operate and control because, in comparison to conventional target aircraft, they rely more on computer technology, autopilot, and radio communication. To imitate a real-world battlefield, target drones must be more manoeuvrable, necessitating competent individuals for remote control. A number of drone mishaps are caused by careless operators. At the moment, initiatives are being taken to lessen such accidents by enhancing the autonomy of these drones and lowering the level of operator engagement. Additionally, a variety of training initiatives are being carried out to prepare pilots for the precise control of drones, hence lowering the likelihood of drone mishaps.

Opportunity:

Integration of AI technology

A major game-changer for the global business has been the artificial intelligence (AI) technology used in target drones. In-depth research is being done by many suppliers, who are producing drones equipped with a variety of autonomous tools supported by machine learning (ML) and artificial intelligence (AI) capabilities. The commercialization of unmanned aerial vehicles, fuel cells, energy systems, and AI-enabled unmanned aerial vehicles, along with the growth rate of technology in these areas, will result in the production of simple-to-target drones with a variety of functions, increasing the effectiveness and effectiveness of unmanned aerial vehicles.

Threat:

Lack of sustainable power sources to improve endurance of drones

One of the most significant challenges faced by manufacturers of target drones is their inability to test energy limits both, in terms of endurance as well as the ability to deliver the required amount of energy limits both, in terms of endurance as well as the ability to deliver the required amount of energy to different payloads, such as radars and lasers, among others.

Covid-19 Impact

The COVID-19 pandemic outbreak has slowed the market's expansion since businesses are spending less on research and development to create novel remedies. The largest companies in Europe and the United States were most adversely impacted by the pandemic and were forced to enact stringent lockdowns to ensure the safety of their workers. The development and production of the target drones have been impacted by this. However, it is projected that the market will expand gradually as the immunisation process is carried out.

The IC engines segment is expected to be the largest during the forecast period

The IC engines segment is estimated to have a lucrative growth. Turbojet engines are known for delivering power, whereas IC engines are noted for faster processing rates. In their respective markets, demand for both of them is rising. Drones with turbojet engines can have IC engines implanted in them to increase their intelligence. While IC engines are utilised for navigation and light drones, turbojet engines are mostly used for heavier drones deployed by the armed services.

The reconnaissance segment is expected to have the highest CAGR during the forecast period

The reconnaissance segment is anticipated to witness the fastest CAGR growth during the forecast period, due to their expanding capacities and endurance. Target drones are being used by a number of armed forces to train and test anti-aircraft teams. Target drones are used to test the defensive systems' capabilities by simulating enemy aircraft in combat. These targets are accessible for training platforms in the air, on land, and in the sea. Companies have begun transforming fighter planes into full-scale target drones that can mimic real threats in response to the increased interest in target drones.

Region with highest share:

North America is projected to hold the largest market share during the forecast period. Many target drone manufacturers, including Kratos Defence & Security Solutions, Inc., Grummman Corporation, and Boeing Company, have manufacturing facilities in North America. Due to the existence of the defence manufacturing sector, the rising demand for defence platforms globally, and continuous upgrade programmes for current defence systems, the market for target drones has been rising in North America.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period, owing to an increase in military spending, particularly in developing nations like China and India. After a decade of intensive research and development, China has started to exhibit an increasing level of confidence in the production of drones and their use in warfare. China has started to send out relatively few nuclear-armed submarines and cutting-edge combat platforms like the J-20 stealth jet. The Chinese air force uses more than merely advanced drones.



Key players in the market

Some of the key players profiled in the Target Drone Market include Embention, Airbus S.A.S., The Boeing Company, Griffon Aerospace, Leonardo S.p.A., Lockheed Martin Corporation, Northrop Grumman Corporation, Qinetiq Group plc, Denel Dynamics, BAE Systems plc, Asv Global, Air Affairs Australia Pty Ltd, Aerotargets International, Llc, Kratos Defense & Security Solutions, Inc., SELEX Galileo, Safran S.A., Saab Ab and Bsk Defense S.A.

Key Developments:

In March 2022, Qinteiq received an agreement from japan Ground Self-Defence Force to offer Bnanshee Jet80+Unmanned aerial vehicle targets

In January 2022, The U.S. Navy gave an agreement to Kratos Defense and Security Solutions Inc. worth US$ 50.9 million to acquire 65 units of BQM-177A subsonic air targets.

Engine Types Covered:
• IC
• Jet
• Other Engine Types

End User Sectors Covered:
• Commercial
• Defence

Builds Covered:
• Converted
• New Build

Target Types Covered:
• Sub-Scale
• Free-Flying
• Full-Scale
• Sporting
• Towing
• Other Target Types

Mode of Operations Covered:
• Autonomous
• Optionally Piloted
• Remotely Piloted

Payload Capacities Covered:
• High (>40 Kg)
• Medium (20 Kg to 40 Kg)
• Low (<20 Kg)

Types Covered:
• Rotary Wing
• Fixed Wing

Applications Covered:
• Reconnaissance
• Target Identification
• Combat & Training
• Target & Decoy
• Target Acquisition
• Other Applications

End Users Covered:
• Ground Targets
• Aerial Targets
• Marine Targets

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Target Drone Market, By Engine Type
5.1 Introduction
5.2 IC
5.3 Jet
5.4 Other Engine Types

6 Global Target Drone Market, By End User Sector
6.1 Introduction
6.2 Commercial
6.3 Defence

7 Global Target Drone Market, By Build
7.1 Introduction
7.2 Converted
7.3 New Build

8 Global Target Drone Market, By Target Type
8.1 Introduction
8.2 Sub-Scale
8.3 Free-Flying
8.4 Full-Scale
8.5 Sporting
8.6 Towing
8.7 Other Target Types

9 Global Target Drone Market, By Mode of Operation
9.1 Introduction
9.2 Autonomous
9.3 Optionally Piloted
9.4 Remotely Piloted

10 Global Target Drone Market, By Payload Capacity
10.1 Introduction
10.2 High (>40 Kg)
10.3 Medium (20 Kg to 40 Kg)
10.4 Low (<20 Kg)

11 Global Target Drone Market, By Type
11.1 Introduction
11.2 Rotary Wing
11.3 Fixed Wing

12 Global Target Drone Market, By Application
12.1 Introduction
12.2 Reconnaissance
12.3 Target Identification
12.4 Combat & Training
12.5 Target & Decoy
12.6 Target Acquisition
12.7 Other Applications

13 Global Target Drone Market, By End User
13.1 Introduction
13.2 Ground Targets
13.3 Aerial Targets
13.4 Marine Targets

14 Global Target Drone Market, By Geography
14.1 Introduction
14.2 North America
14.2.1 US
14.2.2 Canada
14.2.3 Mexico
14.3 Europe
14.3.1 Germany
14.3.2 UK
14.3.3 Italy
14.3.4 France
14.3.5 Spain
14.3.6 Rest of Europe
14.4 Asia Pacific
14.4.1 Japan
14.4.2 China
14.4.3 India
14.4.4 Australia
14.4.5 New Zealand
14.4.6 South Korea
14.4.7 Rest of Asia Pacific
14.5 South America
14.5.1 Argentina
14.5.2 Brazil
14.5.3 Chile
14.5.4 Rest of South America
14.6 Middle East & Africa
14.6.1 Saudi Arabia
14.6.2 UAE
14.6.3 Qatar
14.6.4 South Africa
14.6.5 Rest of Middle East & Africa

15 Key Developments
15.1 Agreements, Partnerships, Collaborations and Joint Ventures
15.2 Acquisitions & Mergers
15.3 New Product Launch
15.4 Expansions
15.5 Other Key Strategies

16 Company Profiling
16.1 Embention
16.2 Airbus S.A.S.
16.3 The Boeing Company
16.4 Griffon Aerospace
16.5 Leonardo S.p.A.
16.6 Lockheed Martin Corporation
16.7 Northrop Grumman Corporation
16.8 Qinetiq Group plc
16.9 Denel Dynamics
16.10 BAE Systems plc
16.11 Asv Global
16.12 Air Affairs Australia Pty Ltd
16.13 Aerotargets International, Llc
16.14 Kratos Defense & Security Solutions, Inc.
16.15 SELEX Galileo
16.16 Safran S.A.
16.17 Saab Ab
16.18 Bsk Defense S.A

List of Tables
1 Global Target Drone Market Outlook, By Region (2020-2028) ($MN)
2 Global Target Drone Market Outlook, By Engine Type (2020-2028) ($MN)
3 Global Target Drone Market Outlook, By IC (2020-2028) ($MN)
4 Global Target Drone Market Outlook, By Jet (2020-2028) ($MN)
5 Global Target Drone Market Outlook, By Other Engine Types (2020-2028) ($MN)
6 Global Target Drone Market Outlook, By End User Sector (2020-2028) ($MN)
7 Global Target Drone Market Outlook, By Commercial (2020-2028) ($MN)
8 Global Target Drone Market Outlook, By Defence (2020-2028) ($MN)
9 Global Target Drone Market Outlook, By Build (2020-2028) ($MN)
10 Global Target Drone Market Outlook, By Converted (2020-2028) ($MN)
11 Global Target Drone Market Outlook, By New Build (2020-2028) ($MN)
12 Global Target Drone Market Outlook, By Target Type (2020-2028) ($MN)
13 Global Target Drone Market Outlook, By Sub-Scale (2020-2028) ($MN)
14 Global Target Drone Market Outlook, By Free-Flying (2020-2028) ($MN)
15 Global Target Drone Market Outlook, By Full-Scale (2020-2028) ($MN)
16 Global Target Drone Market Outlook, By Sporting (2020-2028) ($MN)
17 Global Target Drone Market Outlook, By Towing (2020-2028) ($MN)
18 Global Target Drone Market Outlook, By Other Target Types (2020-2028) ($MN)
19 Global Target Drone Market Outlook, By Mode of Operation (2020-2028) ($MN)
20 Global Target Drone Market Outlook, By Autonomous (2020-2028) ($MN)
21 Global Target Drone Market Outlook, By Optionally Piloted (2020-2028) ($MN)
22 Global Target Drone Market Outlook, By Remotely Piloted (2020-2028) ($MN)
23 Global Target Drone Market Outlook, By Payload Capacity (2020-2028) ($MN)
24 Global Target Drone Market Outlook, By High (>40 Kg) (2020-2028) ($MN)
25 Global Target Drone Market Outlook, By Medium (20 Kg to 40 Kg) (2020-2028) ($MN)
26 Global Target Drone Market Outlook, By Low (<20 Kg) (2020-2028) ($MN)
27 Global Target Drone Market Outlook, By Type (2020-2028) ($MN)
28 Global Target Drone Market Outlook, By Rotary Wing (2020-2028) ($MN)
29 Global Target Drone Market Outlook, By Fixed Wing (2020-2028) ($MN)
30 Global Target Drone Market Outlook, By Application (2020-2028) ($MN)
31 Global Target Drone Market Outlook, By Reconnaissance (2020-2028) ($MN)
32 Global Target Drone Market Outlook, By Target Identification (2020-2028) ($MN)
33 Global Target Drone Market Outlook, By Combat & Training (2020-2028) ($MN)
34 Global Target Drone Market Outlook, By Target & Decoy (2020-2028) ($MN)
35 Global Target Drone Market Outlook, By Target Acquisition (2020-2028) ($MN)
36 Global Target Drone Market Outlook, By Other Applications (2020-2028) ($MN)
37 Global Target Drone Market Outlook, By End User (2020-2028) ($MN)
38 Global Target Drone Market Outlook, By Ground Targets (2020-2028) ($MN)
39 Global Target Drone Market Outlook, By Aerial Targets (2020-2028) ($MN)
40 Global Target Drone Market Outlook, By Marine Targets (2020-2028) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
 

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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