Global Target Drones Market to Reach $8.1 Billion by 2030
The global market for Target Drones estimated at US$5 Billion in the year 2022, is projected to reach a revised size of US$8.1 Billion by 2030, growing at a CAGR of 6.2% over the analysis period 2022-2030. Aerial Targets, one of the segments analyzed in the report, is projected to record 6.3% CAGR and reach US$3.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Ground Targets segment is readjusted to a revised 6.8% CAGR for the next 8-year period.
The U.S. Market is Estimated at $1.5 Billion, While China is Forecast to Grow at 5.7% CAGR
The Target Drones market in the U.S. is estimated at US$1.5 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.4 Billion by the year 2030 trailing a CAGR of 5.7% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.4% and 5.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.6% CAGR.
Select Competitors (Total 14 Featured) -
- Aerotargets International, LLC
- Air Affairs Australia Pty., Ltd.
- Airbus Group
- Asv Global
- Kratos Defense & Security Solutions, Inc.
- Leonardo SpA
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- QinetiQ Group PLC
- SAAB AB
- The Boeing Company
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
The global market for Target Drones estimated at US$5 Billion in the year 2022, is projected to reach a revised size of US$8.1 Billion by 2030, growing at a CAGR of 6.2% over the analysis period 2022-2030. Aerial Targets, one of the segments analyzed in the report, is projected to record 6.3% CAGR and reach US$3.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Ground Targets segment is readjusted to a revised 6.8% CAGR for the next 8-year period.
The U.S. Market is Estimated at $1.5 Billion, While China is Forecast to Grow at 5.7% CAGR
The Target Drones market in the U.S. is estimated at US$1.5 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.4 Billion by the year 2030 trailing a CAGR of 5.7% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.4% and 5.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.6% CAGR.
Select Competitors (Total 14 Featured) -
- Aerotargets International, LLC
- Air Affairs Australia Pty., Ltd.
- Airbus Group
- Asv Global
- Kratos Defense & Security Solutions, Inc.
- Leonardo SpA
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- QinetiQ Group PLC
- SAAB AB
- The Boeing Company
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Aerotargets International, LLC
- Air Affairs Australia Pty., Ltd.
- Airbus Group
- Asv Global
- Kratos Defense & Security Solutions, Inc.
- Leonardo SpA
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- QinetiQ Group PLC
- SAAB AB
- The Boeing Company
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 232 |
Published | March 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 5 Billion |
Forecasted Market Value ( USD | $ 8.1 Billion |
Compound Annual Growth Rate | 6.2% |
Regions Covered | Global |