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Target Drones Market by End-use Sector (Defense, Commercial), End Use (Aerial Targets, Ground Targets, Marine Targets), Application, Mode of Operation, Payload Capacity, Build, Target Type, Engine Type, Speed, Type, and Region - Global Forecast to 2025

  • ID: 5094110
  • Report
  • June 2020
  • Region: Global
  • 196 Pages
  • Markets and Markets
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Increasing Investment in Military Training Programs is Driving Market Growth

FEATURED COMPANIES

  • Airbus Group
  • BAE Systems
  • Denel Dynamics
  • Griffon Aerospace
  • Leonardo S.P.A.
  • Raytheon
  • MORE

Increasing investment in military training programs is driving market growth

The target drones market is projected to grow from USD 4.4 billion in 2020 to USD 6.3 billion by 2025, at a CAGR of 7.6% during the forecast period. Increased R&D investment and better funding for military training programs are key factors driving the growth of the target drones market.  However, the lack of sustainable power sources to improve the endurance of drones is limiting the overall adoption of target drones.

Based on end-use, aerial target drones segment is projected to drive the target drones market by 2025

Based on end-use, the aerial targets segment is projected to lead the target drones market by 2025 due to its wide acceptance across the world in military training. Aerial targets include all unmanned aerial target vehicles; about 80% of target drones acquired by armed forces worldwide fall under this category. Jet engines, as well as internal combustion engines, are used in aerial target drones. Target drones powered by jet engines have high speed and exceptional maneuvering capabilities. Those powered by internal combustion engines are cost-effective with a restricted scope of usage.

Based on end-use sector, the defense segment is projected to lead the target drones market over the forecast period

Target drones are used by military forces worldwide to perform various defense-related tasks due to their extreme endurance capabilities and potential for high-altitude threat simulation. Target drones offer the best solution for all aspects of threat simulation, such as realism, cost, and operational effectiveness, which, in turn, improve overall training effectiveness.

North America is estimated to account for the largest share of the market in 2020 North America is projected to hold the lion’s share in the target drones market. The US Air Force is the largest consumer of aerial targets. Currently, the US Air Force is converting retired F-16s to unmanned target vehicle QF-16s. Increasing R&D and venture capitalist activities in the field of drones are also aiding the growth of the target drones market in the US.

The break-up of profiles of primary participants in the Target Drones Market:

  • By Company Type: Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%
  • By Designation: C-Level Executives – 35%, Directors – 25%, and Others – 40%  
  • By Region: North America – 45%, Europe – 20%, Asia Pacific – 30%, Rest of the World – 5%

Key players in the target drones market are The Boeing Company (US), QinetiQ Group plc (UK), Northrop Grumman Corporation (US), Kratos Defense & Security Solutions, Inc. (US), Airbus Group (Netherlands), Lockheed Martin Corporation (US), Leonardo S.p.A. (Italy), BSK Defense S.A. (Greece), Air Affairs Australia Pty Ltd (Australia), Saab AB (Sweden), AeroTargets International, LLC (US), L3 ASV (UK), BAE Systems (UK), Raytheon (US), General Dynamics Corporation (US), Almaz-Antey (Russia), Thales (France), Embention (Spain), Griffon Aerospace (US), and Denel Dynamics (South Africa), among others.  

Research Coverage:  

The study covers the target drones market and aims at estimating the market size and the growth potential of this market across different segments: end-use sector, end use, application, mode of operation, payload capacity, build, target type, engine type, speed, type, and region. It also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.   

Reasons to buy this report:

This report will help market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall target drones market and its subsegments. The report covers the entire ecosystem of target drones in the industry and will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. It will also help stakeholders understand the pulse of the market and provide them information on key market drivers, challenges, restraints, and opportunities.

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Airbus Group
  • BAE Systems
  • Denel Dynamics
  • Griffon Aerospace
  • Leonardo S.P.A.
  • Raytheon
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Regional Scope
1.3.3 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Market Stakeholders
1.7 Summary of Changes

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data from Primary Sources
2.2 Factor Analysis
2.2.1 Introduction
2.2.2 Demand-Side Indicators
2.2.2.1 Rising Demand for Military Equipment
2.2.3 Supply-Side Indicators
2.2.3.1 Technological Advancements in the Field of Target Drones
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Market Breakdown and Data Triangulation
2.5 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in Target Drones Market
4.2 Target Drones Market, by Build
4.3 Target Drones Market, by Application
4.4 Target Drones Market, by Region

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increased Emphasis on Enhanced Military Training
5.2.1.2 Advantages of Target Drones Over Manned Target Vehicles
5.2.2 Restraints
5.2.2.1 Lack of Skilled and Trained Personnel
5.2.3 Opportunities
5.2.3.1 Full-Scale Conversion of Target Drones for Simulation of a War Scenario
5.2.3.2 Growing Defense Budgets of Major Economies
5.2.3.3 Demand for Target Drones for Homeland Security Applications
5.2.4 Challenges
5.2.4.1 Lack of Sustainable Power Sources to Improve Endurance of Drones
5.2.4.2 Effect of Covid-19 on Supply Chain and Business Development Programs
5.3 Average Selling Price Trend
5.4 Value Chain Analysis
5.5 Market Map

6 Industry Trends
6.1 Introduction
6.2 Key Technology Vendors
6.3 Maturity Map of Target Drones
6.4 Technology Trends
6.4.1 Scoring Systems
6.4.2 Converted Drones
6.4.3 Electronic Countermeasures
6.4.4 Chaff Dispensers
6.4.5 Flare Dispensers
6.4.6 Recovery Systems
6.5 Innovation and Patent Registrations

7 Target Drones Market, by Type
7.1 Introduction
7.2 Fixed Wing
7.2.1 Drones
7.2.1.1 Growing Demand to Simulate Enemy Threats Expected to Drive Growth of the Drones Segment
7.2.2 Cruise Targets
7.2.2.1 Demand for Cruise Targets With High Speed Expected to Surge
7.2.2.2 Low Speed
7.2.2.3 Subsonic
7.2.2.4 Supersonic
7.3 Rotary Wing

8 Target Drones Market, by End Use
8.1 Introduction
8.2 Aerial Targets
8.2.1 Increasing Procurement by Armed Forces Drives Aerial Targets Segment
8.3 Ground Targets
8.3.1 Use in Air & Ground Crew Training Drives Growth of Ground Targets Segment
8.4 Marine Targets
8.4.1 Growing Naval Defense Sector Drives Demand for Marine Target Drones
8.4.2 Underwater Targets
8.4.2.1 Preference for Low-Cost Alternatives to Submarines in Asw Training Fuels Market Growth of Underwater Targets
8.4.3 Sea Surface Targets
8.4.3.1 Increasing Naval Gunnery Training and Weapons Testing Drives Growth of Sea Surface Targets Segment

9 Target Drones Market, by End-Use Sector
9.1 Introduction
9.2 Defense
9.2.1 Military
9.2.1.1 Wide-Scale Use of Target Drones by Armed Forces for Training Drives Growth of Military Segment
9.2.2 Homeland Security
9.2.2.1 Application of Target Drones for Surveillance and Police Training Expected to Drive Growth of Homeland Security Segment
9.3 Commercial
9.3.1 Investment by Public and Private Sectors Will Spur Demand for Target Drones in Commercial Sector

10 Target Drones Market, by Target Type
10.1 Introduction
10.2 Full-Scale Targets
10.2.1 Conversion of Retired Fighter Aircraft into Target Drones Drives Growth of Full-Scale Segment
10.3 Subscale Targets
10.3.1 Wide Application Areas Drive Demand for Subscale Target Drones
10.4 Free-Flying Targets
10.4.1 Demand for Low-Cost Aerial Targets Stimulates Growth of Free-Flying Segment
10.5 Towing Targets
10.5.1 Increase in Tracking & Firing Practice Drives Demand for Towing Target Drones
10.6 Sporting Targets
10.6.1 Increasing Number of Target Shooting Sports Drive Growth of this Segment

11 Target Drones Market, by Application
11.1 Introduction
11.2 Combat Training
11.2.1 Wide-Scale Adoption of Target Drones by Defense Forces Expected to Drive Use in Combat Training
11.3 Target & Decoy
11.3.1 Advancements in Threat Simulation Technology Fuel Growth of Target & Decoy Segment
11.4 Reconnaissance
11.4.1 Growing Capabilities of Target Drones Stimulate Their Adoption for Reconnaissance Applications
11.5 Target Identification
11.5.1 Growing Adoption of Unmanned Systems for Target Identification Expected to Drive the Segment
11.6 Target Acquisition
11.6.1 Advancements in Sensory Display Format Stimulates Demand for Target Acquisition Applications

12 Target Drones Market, by Engine Type
12.1 Introduction
12.2 Jet Engines
12.2.1 Benefits of Jet Engines Over Other Propulsion Systems Expected to Drive Market
12.3 Internal Combustion (Ic) Engines
12.3.1 Use of Ic Engines in Lightweight Target Drones Expected to Surge Demand
12.4 Others
12.4.1 Efforts to Develop Alternative Propulsion Systems Drive Market Growth

13 Target Drones Market, by Build
13.1 Introduction
13.2 Newbuild
13.2.1 Limited Defense Budget Allocation in Emerging Economies Drives Demand for Newbuild Target Drones
13.3 Converted
13.3.1 Increasing Conversion of Retired Fighter Aircraft into Target Drones Expected to Drive Segment Growth

14 Target Drones Market, by Speed
14.1 Introduction
14.2 High (> 250 Mps)
14.2.1 Need to Replicate Threats in Military Practices Drives Demand for High-Speed Target Drones
14.3 Low (< 250 Mps)
14.3.1 Low Cost Availability Expected to Drive Demand for Low-Speed Target Drones

15 Target Drones Market, by Payload Capacity
15.1 Introduction
15.2 High (>40 Kg)
15.2.1 Use of Target Drones for Critical Defense Applications Drives Demand for High Payload Capacity
15.3 Medium (20 Kg to 40 Kg)
15.3.1 Increasing Need for Drones to Perform Additional Functions Drives Demand for Medium Payload Capacity
15.4 Low (<20 Kg)
15.4.1 Use in Basic Applications Such as Combat Training Propels Demand for Low Payload Target Drones

16 Target Drones Market, by Mode of Operation
16.1 Introduction
16.2 Autonomous
16.2.1 Advancements in Sensor Technology Drive Autonomous Drone Adoption Across the Globe
16.3 Remotely Piloted
16.3.1 Growing Need for Better Control of Drones Fuels Demand for Remotely Piloted Options
16.4 Optionally Piloted
16.4.1 Increasing Use of Target Drones in Reconnaissance Drives Optionally Piloted Segment

17 Target Drones Market, by Region
17.1 Introduction
17.1.1 Covid-19 Impact on Target Drones Market, by Region
17.2 North America
17.2.1 Average Selling Price Trend (2017-2019)
17.2.1.1 PESTLE Analysis: North America
17.2.2 US
17.2.2.1 Increasing Use of Commercial and Military Drones Will Drive Growth of Target Drones Market in the US
17.2.3 Canada
17.2.3.1 Stringent Regulations and Licensing Requirements Restrain the Growth of the Target Drones Market in Canada
17.3 Europe
17.3.1 Average Selling Price Trend (2017-2019)
17.3.1.1 PESTLE Analysis: Europe
17.3.2 UK
17.3.2.1 Technological Advancements and Changes in Regulatory Policies Expected to Drive Market in the UK
17.3.3 Italy
17.3.3.1 Increasing Demand for Border Surveillance and Maritime Patrol Expected to Drive the Market in Italy
17.3.4 France
17.3.4.1 Government Initiatives to Support Development of Uav Capabilities Expected to Fuel the Market in France
17.3.5 Russia
17.3.5.1 Increasing Spending on Procurement of Technologically Advanced Combat Drones Drives Demand in Russia
17.3.6 Rest of Europe
17.4 Asia-Pacific
17.4.1 Average Selling Price Trend (2017-2019)
17.4.1.1 PESTLE Analysis: Asia-Pacific
17.4.2 China
17.4.2.1 Increasing Procurement for Use in Military and Commercial Applications Drives Market for Target Drones in China
17.4.3 India
17.4.3.1 Increasing Demand for Military Uavs Leading to Indigenous Development of Drones in India
17.4.4 South Korea
17.4.4.1 Use of Target Drones for Surveillance and Monitoring Applications is Increasing in South Korea
17.4.5 Australia
17.4.5.1 Growing Use of Target Drones in Commercial Sector to Drive Market Growth in Australia
17.4.6 Rest of Asia-Pacific
17.5 Middle East & North Africa
17.5.1 Average Selling Price Trend (2017-2019)
17.5.2 Egypt
17.5.2.1 Increasing Demand for Armed Drones Drives the Market in Egypt
17.5.3 Israel
17.5.3.1 Increased Spending in R&D of Target Drones for Military and Commercial Applications Drives the Market in Israel
17.5.4 By End Use
17.5.5 Rest of Middle East & North Africa
17.6 Rest of the World (Row)
17.6.1 Average Selling Price Trend (2017-19)
17.6.2 Brazil
17.6.2.1 Increasing Use of Target Drones by Defense Sector Drives the Market in Brazil
17.6.3 South Africa
17.6.3.1 Investment by International Players to Drive the Market in South Africa
17.6.4 Others in Row

18 Competitive Landscape
18.1 Introduction
18.1.1 Market Evaluation Framework
18.2 Competitive Leadership Mapping
18.2.1 Visionary Leaders
18.2.2 Innovators
18.2.3 Dynamic Differentiators
18.2.4 Emerging Companies
18.3 Ranking of Key Players, 2020
18.4 Competitive Scenario
18.4.1 New Product Launches
18.4.2 Contracts
18.4.3 Other Strategies

19 Company Profiles
19.1 The Boeing Company
19.2 Qinetiq Group plc
19.3 Northrop Grumman Corporation
19.4 Kratos Defense & Security Solutions, Inc.
19.5 Airbus Group
19.6 Lockheed Martin Corporation
19.7 Leonardo S.P.A.
19.8 BSK Defense S.A.
19.9 Air Affairs Australia Pty Ltd.
19.10 Saab Ab
19.11 Aerotargets International, LLC
19.12 L3 Asv
19.13 Bae Systems
19.14 Raytheon
19.15 General Dynamics Corporation
19.16 Almaz-Antey
19.17 Thales
19.18 Embention
19.19 Griffon Aerospace
19.20 Denel Dynamics

20 Appendix
20.1 Discussion Guide
20.2 Knowledge store
20.3 Available Customizations
20.4 Related Reports
20.5 Author Details

Note: Product cover images may vary from those shown
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  • Aerotargets International, LLC
  • Air Affairs Australia Pty Ltd.
  • Airbus Group
  • Almaz-Antey
  • BAE Systems
  • BSK Defense S.A.
  • Denel Dynamics
  • Embention
  • General Dynamics Corporation
  • Griffon Aerospace
  • Kratos Defense & Security Solutions, Inc.
  • L3 Asv
  • Leonardo S.P.A.
  • Lockheed Martin Corporation
  • Northrop Grumman Corporation
  • Qinetiq Group plc
  • Raytheon
  • Saab Ab
  • Thales
  • The Boeing Company
Note: Product cover images may vary from those shown
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