Product Code: r5403
“Target Drones Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on target drones market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for target drones? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The target drones market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
- 1) By Target: Aerial Target; Ground Target; Marine Target
- 2) By Mode Of Operation: Autonomous; Remotely Piloted
- 3) By Engine Type: Internal Combustion Engine; Jet Engine; Other Engine Types
- 4) By Application: Combat Training; Target And Decoy; Reconnaissance; Target Identification; Target Acquisition
- 5) By End Use: Defense; Commercial
- Companies Mentioned: Airbus SE; BAE Systems plc; Denel Dynamics; Embention; Griffon Aerospace
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery Format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the target drones market are: Airbus SE, BAE Systems plc, Denel Dynamics, Embention, Griffon Aerospace, Leonardo S.p.A., Northrop Grumman Corporation, Boeing, AeroTargets International, Air Affairs Australia, Kratos Defense & Security Solutions Inc., General Dynamics Corporation, L3Harris Technologies, Safran S.A., and SCR Drones.
The global target drone market is expected to grow from $4.39 billion in 2022 to $4.77 billion in 2023 at a compound annual growth rate (CAGR) of 8.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The target drone market is expected to reach $6.43 billion in 2027 at a CAGR of 7.8%.
The target drones market consists of sales of unmanned aerial vehicle, generally remote-controlled target drone, and raider quadcopter. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Target drone refers to an unmanned aerial vehicle and is often remote-controlled, employed to train anti-aircraft operators, and mimics radio-controlled model airplanes in many ways. Modern drones may imitate actual airplanes utilizing defenses, radar, and other similar technologies. Target drones are used for military system development and evaluation, training military personnel on threat detection, and performing destruction tests on manned combat aircraft and anti-aircraft weapons.
North America was the largest region in the target drones market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the target drone market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of target drones are aerial targets, ground targets, and marine targets. The aerial target refers to the enemy plane, ADA, aircraft, or bomber from a bomber flight. It is used to simulate remote-controlled aircraft, cruise missiles, and subsonic tactical aircraft during battle training and testing of air defense missiles, small-arms, and artillery systems as well as fighter aircraft weapon systems. The various types of engines are internal combustion engines, jet engines, and other engine types, which uses autonomous and remotely piloted mode of operation. The applications include combat training, target and decoy, reconnaissance, target identification, and target acquisition, that are used in defense and commercial purposes.
Increasing defense spending is expected to propel the growth of the target drone market going forward. Defense spending refers to the amount of the federal budget earmarked for defense, including funding for military operations, pay, training, and health care, in addition to maintaining and buying weapons, buildings, and equipment. Defense spending is used for procurement and the purchase of military drones which has been a force multiplier for combat around the world. For instance, in April 2022, according to the UK Defense Expenditure, published by the House of Commons, the lower house of the Parliament of the United Kingdom, in 2020-21 defense spending totaled £42.4 billion (USD 49.65 billion) in monetary terms. This amounts to a nominal rise of £2.5 billion (USD 2.92 billion) and a real increase of £1.7 billion (USD 1.99 billion) over the prior year 2019-20. Therefore, increasing defense spending is driving the growth of the target drone market.
Technological advancement is a key trend gaining popularity in the target drone market. Major players in the target drone sector are focused on technological advancement to sustain their market position. For instance, in February 2022, EDGE, a UAE-based defense, and space manufacturing company, introduced swarming drones, unmanned aerial systems (UAS), with advanced artificial intelligence (AI) technology that enables the drones to swarm together in a joint mission. This drone's unique features include being quick and nimble while being guided to its destination, having a maximum take-off weight of 8 kg, a substantial communications range, and flying solid endurance.
In May 2022, RattanIndia Enterprises, an India-based company focused on businesses with cutting-edge technologies, acquired a 60% stake in Throttle Aerospace Systems Private Limited for an undisclosed amount. This acquisition enables customers with complete 360-degree drone solutions, including software as a service, drones as a service, and drones as a product (DAAP - drone hardware) (SAAS - drone software). Throttle Aerospace Systems Private Limited is an India-based defense and space manufacturing company engaged in drone manufacturing.
The countries covered in the target drones market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The target drones market research report is one of a series of new reports from The Business Research Company that provides target drones market statistics, including target drones industry global market size, regional shares, competitors with a target drones market share, detailed target drones market segments, market trends and opportunities, and any further data you may need to thrive in the target drones industry. This target drone market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
Table of Contents
1. Executive Summary
2. Target Drones Market Characteristics
3. Target Drones Market Trends And Strategies
4. Target Drones Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On Target Drones Market
- 4.2. Ukraine-Russia War Impact On Target Drones Market
- 4.3. Impact Of High Inflation On Target Drones Market
5. Target Drones Market Size And Growth
- 5.1. Global Target Drones Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Target Drones Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Target Drones Market Segmentation
- 6.1. Global Target Drones Market, Segmentation By Target, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Aerial Target
- Ground Target
- Marine Target
- 6.2. Global Target Drones Market, Segmentation By Mode Of Operation, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Autonomous
- Remotely Piloted
- 6.3. Global Target Drones Market, Segmentation By Engine Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Internal Combustion Engine
- Jet Engine
- Other Engine Types
- 6.4. Global Target Drones Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Combat Training
- Target And Decoy
- Reconnaissance
- Target Identification
- Target Acquisition
- 6.5. Global Target Drones Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Defense
- Commercial
7. Target Drones Market Regional And Country Analysis
- 7.1. Global Target Drones Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Target Drones Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Target Drones Market
- 8.1. Asia-Pacific Target Drones Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Target Drones Market, Segmentation By Target, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Target Drones Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Target Drones Market
- 9.1. China Target Drones Market Overview
- 9.2. China Target Drones Market, Segmentation By Target, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Target Drones Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Target Drones Market
- 10.1. India Target Drones Market, Segmentation By Target, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Target Drones Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Target Drones Market
- 11.1. Japan Target Drones Market, Segmentation By Target, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Target Drones Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Target Drones Market
- 12.1. Australia Target Drones Market, Segmentation By Target, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Target Drones Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Target Drones Market
- 13.1. Indonesia Target Drones Market, Segmentation By Target, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Target Drones Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Target Drones Market
- 14.1. South Korea Target Drones Market, Segmentation By Target, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Target Drones Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Target Drones Market
- 15.1. Western Europe Target Drones Market Overview
- 15.2. Western Europe Target Drones Market, Segmentation By Target, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Target Drones Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Target Drones Market
- 16.1. UK Target Drones Market, Segmentation By Target, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Target Drones Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Target Drones Market
- 17.1. Germany Target Drones Market, Segmentation By Target, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Target Drones Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Target Drones Market
- 18.1. France Target Drones Market, Segmentation By Target, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.2. France Target Drones Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Target Drones Market
- 19.1. Eastern Europe Target Drones Market Overview
- 19.2. Eastern Europe Target Drones Market, Segmentation By Target, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Target Drones Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Target Drones Market
- 20.1. Russia Target Drones Market, Segmentation By Target, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Target Drones Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Target Drones Market
- 21.1. North America Target Drones Market Overview
- 21.2. North America Target Drones Market, Segmentation By Target, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Target Drones Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Target Drones Market
- 22.1. USA Target Drones Market Overview
- 22.2. USA Target Drones Market, Segmentation By Target, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Target Drones Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Target Drones Market
- 23.1. South America Target Drones Market Overview
- 23.2. South America Target Drones Market, Segmentation By Target, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Target Drones Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Target Drones Market
- 24.1. Brazil Target Drones Market, Segmentation By Target, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Target Drones Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Target Drones Market
- 25.1. Middle East Target Drones Market Overview
- 25.2. Middle East Target Drones Market, Segmentation By Target, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Target Drones Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Target Drones Market
- 26.1. Africa Target Drones Market Overview
- 26.2. Africa Target Drones Market, Segmentation By Target, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Target Drones Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Target Drones Market Competitive Landscape And Company Profiles
- 27.1. Target Drones Market Competitive Landscape
- 27.2. Target Drones Market Company Profiles
- 27.2.1. Airbus SE
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. BAE Systems plc
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. Denel Dynamics
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. Embention
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. Griffon Aerospace
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Target Drones Market
29. Target Drones Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer