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Target Drone Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 139 Pages
  • October 2023
  • Region: Global
  • IMARC Group
  • ID: 5701059
Description Jump to:
The global target drone market size reached US$ 5.1 Billion in 2022. Looking forward, the analyst expects the market to reach US$ 7.5 Billion by 2028, exhibiting a growth rate (CAGR) of 6.3% during 2023-2028.

A target drone, also known as an unmanned aerial target (UAT), is an autonomous or remotely piloted aerial vehicle used as a shooting target during military exercises and weapon testing. It can simulate aerial, ground, and sea targets by imitating unmanned aerial vehicles (UAVs), cruise missiles, and enemy tactical aircraft. Target drone is widely used to develop and test military systems, train military crew on threat identification, conduct counter-artillery operations, and perform destruction tests on decoys that simulate the behavior of real threats. It is a cost-effective solution that assists in the battle preparation of defense forces by improving the reliability and performance of various weapons, training, and roles.

Target Drone Market Trends:

The increasing emphasis on enhanced military training across the globe is creating a positive outlook for the market. Target drone is widely used to replicate the most challenging defense scenarios, such as air strikes, asymmetric threats, missile engagements, fighter aircraft, split target scenarios, and fast incoming attack crafts (FIAC). Furthermore, increasing product adoption due to rising defense expenditure on the procurement of modern defense systems is providing an impetus to the market growth. Additionally, the introduction of supersonic target drones for applications in electronic assaults, electronic support, decoy missions, and training surface warship crew to detect and defeat incoming supersonic anti-ship missiles is facilitating the market growth. In line with this, emerging trends of full-scale conversion of retired fighter aircraft into target drones for replicating real-time war scenarios are acting as another growth-inducing factor. Moreover, increasing product utilization to provide necessary training to security forces for countering cross-border terrorism, drone attacks, and smuggling activities are providing a considerable boost to the market growth. Other factors, including surging territorial conflicts between several countries, extensive research and development (R&D) activities, and implementation of various government initiatives to manufacture drones to safeguard borders and people from evolving nature of threats, are anticipated to drive the market growth.

Key Market Segmentation

The report provides an analysis of the key trends in each sub-segment of the global target drone market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on fit type, engine type, mode of operation, application and end use.

Breakup by Fit Type:

  • Line Fit
  • Retro Fit

Breakup by Engine Type:

  • Internal Combustion Engine
  • Jet Engine
  • Others

Breakup by Mode of Operation:

  • Autonomous
  • Remotely Piloted

Breakup by Application:

  • Combat Training
  • Target and Decoy
  • Target Identification
  • Target Acquisition
  • Others

Breakup by End Use:

  • Defense
  • Commercial

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players being Air Affairs Australia, Airbus SE, Denel Dynamics, Embention, Griffon Aerospace, Kratos Defense & Security Solutions Inc., Leonardo S.p.A., Lockheed Martin Corporation, Northrop Grumman Corporation, QinetiQ and Saab AB.

Key Questions Answered in This Report:

  • How has the global target drone market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global target drone market?
  • What are the key regional markets?
  • What is the breakup of the market based on the fit type?
  • What is the breakup of the market based on the engine type?
  • What is the breakup of the market based on the mode of operation?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the end use?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global target drone market and who are the key players?
  • What is the degree of competition in the industry?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Target Drone Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Fit Type
6.1 Line Fit
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Retro Fit
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Engine Type
7.1 Internal Combustion Engine
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Jet Engine
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Others
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Mode of Operation
8.1 Autonomous
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Remotely Piloted
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Application
9.1 Combat Training
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Target and Decoy
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Target Identification
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Target Acquisition
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Others
9.5.1 Market Trends
9.5.2 Market Forecast
10 Market Breakup by End Use
10.1 Defense
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Commercial
10.2.1 Market Trends
10.2.2 Market Forecast
11 Market Breakup by Region
11.1 North America
11.1.1 United States
11.1.1.1 Market Trends
11.1.1.2 Market Forecast
11.1.2 Canada
11.1.2.1 Market Trends
11.1.2.2 Market Forecast
11.2 Asia-Pacific
11.2.1 China
11.2.1.1 Market Trends
11.2.1.2 Market Forecast
11.2.2 Japan
11.2.2.1 Market Trends
11.2.2.2 Market Forecast
11.2.3 India
11.2.3.1 Market Trends
11.2.3.2 Market Forecast
11.2.4 South Korea
11.2.4.1 Market Trends
11.2.4.2 Market Forecast
11.2.5 Australia
11.2.5.1 Market Trends
11.2.5.2 Market Forecast
11.2.6 Indonesia
11.2.6.1 Market Trends
11.2.6.2 Market Forecast
11.2.7 Others
11.2.7.1 Market Trends
11.2.7.2 Market Forecast
11.3 Europe
11.3.1 Germany
11.3.1.1 Market Trends
11.3.1.2 Market Forecast
11.3.2 France
11.3.2.1 Market Trends
11.3.2.2 Market Forecast
11.3.3 United Kingdom
11.3.3.1 Market Trends
11.3.3.2 Market Forecast
11.3.4 Italy
11.3.4.1 Market Trends
11.3.4.2 Market Forecast
11.3.5 Spain
11.3.5.1 Market Trends
11.3.5.2 Market Forecast
11.3.6 Russia
11.3.6.1 Market Trends
11.3.6.2 Market Forecast
11.3.7 Others
11.3.7.1 Market Trends
11.3.7.2 Market Forecast
11.4 Latin America
11.4.1 Brazil
11.4.1.1 Market Trends
11.4.1.2 Market Forecast
11.4.2 Mexico
11.4.2.1 Market Trends
11.4.2.2 Market Forecast
11.4.3 Others
11.4.3.1 Market Trends
11.4.3.2 Market Forecast
11.5 Middle East and Africa
11.5.1 Market Trends
11.5.2 Market Breakup by Country
11.5.3 Market Forecast
12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 Air Affairs Australia
16.3.1.1 Company Overview
16.3.1.2 Product Portfolio
16.3.2 Airbus SE
16.3.2.1 Company Overview
16.3.2.2 Product Portfolio
16.3.2.3 Financials
16.3.2.4 SWOT Analysis
16.3.3 Denel Dynamics
16.3.3.1 Company Overview
16.3.3.2 Product Portfolio
16.3.4 Embention
16.3.4.1 Company Overview
16.3.4.2 Product Portfolio
16.3.5 Griffon Aerospace
16.3.5.1 Company Overview
16.3.5.2 Product Portfolio
16.3.6 Kratos Defense & Security Solutions Inc.
16.3.6.1 Company Overview
16.3.6.2 Product Portfolio
16.3.6.3 Financials
16.3.7 Leonardo S.p.A.
16.3.7.1 Company Overview
16.3.7.2 Product Portfolio
16.3.7.3 Financials
16.3.7.4 SWOT Analysis
16.3.8 Lockheed Martin Corporation
16.3.8.1 Company Overview
16.3.8.2 Product Portfolio
16.3.8.3 Financials
16.3.8.4 SWOT Analysis
16.3.9 Northrop Grumman Corporation
16.3.9.1 Company Overview
16.3.9.2 Product Portfolio
16.3.9.3 Financials
16.3.9.4 SWOT Analysis
16.3.10 QinetiQ
16.3.10.1 Company Overview
16.3.10.2 Product Portfolio
16.3.10.3 Financials
16.3.11 Saab AB
16.3.11.1 Company Overview
16.3.11.2 Product Portfolio
16.3.11.3 Financials
16.3.11.4 SWOT Analysis
List of Figures
Figure 1: Global: Target Drone Market: Major Drivers and Challenges
Figure 2: Global: Target Drone Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Target Drone Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Target Drone Market: Breakup by Fit Type (in %), 2022
Figure 5: Global: Target Drone Market: Breakup by Engine Type (in %), 2022
Figure 6: Global: Target Drone Market: Breakup by Mode of Operation (in %), 2022
Figure 7: Global: Target Drone Market: Breakup by Application (in %), 2022
Figure 8: Global: Target Drone Market: Breakup by End Use (in %), 2022
Figure 9: Global: Target Drone Market: Breakup by Region (in %), 2022
Figure 10: Global: Target Drone (Line Fit) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Target Drone (Line Fit) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Target Drone (Retro Fit) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Target Drone (Retro Fit) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Target Drone (Internal Combustion Engine) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Target Drone (Internal Combustion Engine) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Target Drone (Jet Engine) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Target Drone (Jet Engine) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Target Drone (Other Engine Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Target Drone (Other Engine Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Target Drone (Autonomous) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Target Drone (Autonomous) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Target Drone (Remotely Piloted) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Target Drone (Remotely Piloted) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Target Drone (Combat Training) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Target Drone (Combat Training) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Target Drone (Target and Decoy) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Target Drone (Target and Decoy) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Target Drone (Target Identification) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Target Drone (Target Identification) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Target Drone (Target Acquisition) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Target Drone (Target Acquisition) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Target Drone (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Target Drone (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Global: Target Drone (Defense) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Global: Target Drone (Defense) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Global: Target Drone (Commercial) Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Global: Target Drone (Commercial) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: North America: Target Drone Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: North America: Target Drone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: United States: Target Drone Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: United States: Target Drone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Canada: Target Drone Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Canada: Target Drone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Asia-Pacific: Target Drone Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Asia-Pacific: Target Drone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: China: Target Drone Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: China: Target Drone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Japan: Target Drone Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Japan: Target Drone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: India: Target Drone Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: India: Target Drone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: South Korea: Target Drone Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: South Korea: Target Drone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Australia: Target Drone Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Australia: Target Drone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Indonesia: Target Drone Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Indonesia: Target Drone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Others: Target Drone Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Others: Target Drone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Europe: Target Drone Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Europe: Target Drone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Germany: Target Drone Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Germany: Target Drone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: France: Target Drone Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: France: Target Drone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: United Kingdom: Target Drone Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: United Kingdom: Target Drone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Italy: Target Drone Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Italy: Target Drone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Spain: Target Drone Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Spain: Target Drone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Russia: Target Drone Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Russia: Target Drone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Others: Target Drone Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Others: Target Drone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Latin America: Target Drone Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Latin America: Target Drone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Brazil: Target Drone Market: Sales Value (in Million US$), 2017 & 2022
Figure 79: Brazil: Target Drone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: Mexico: Target Drone Market: Sales Value (in Million US$), 2017 & 2022
Figure 81: Mexico: Target Drone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 82: Others: Target Drone Market: Sales Value (in Million US$), 2017 & 2022
Figure 83: Others: Target Drone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 84: Middle East and Africa: Target Drone Market: Sales Value (in Million US$), 2017 & 2022
Figure 85: Middle East and Africa: Target Drone Market: Breakup by Country (in %), 2022
Figure 86: Middle East and Africa: Target Drone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 87: Global: Target Drone Industry: SWOT Analysis
Figure 88: Global: Target Drone Industry: Value Chain Analysis
Figure 89: Global: Target Drone Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Target Drone Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Target Drone Market Forecast: Breakup by Fit Type (in Million US$), 2023-2028
Table 3: Global: Target Drone Market Forecast: Breakup by Engine Type (in Million US$), 2023-2028
Table 4: Global: Target Drone Market Forecast: Breakup by Mode of Operation (in Million US$), 2023-2028
Table 5: Global: Target Drone Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 6: Global: Target Drone Market Forecast: Breakup by End Use (in Million US$), 2023-2028
Table 7: Global: Target Drone Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 8: Global: Target Drone Market: Competitive Structure
Table 9: Global: Target Drone Market: Key Players

Companies Mentioned

  • Air Affairs Australia
  • Airbus SE
  • Denel Dynamics
  • Embention
  • Griffon Aerospace
  • Kratos Defense & Security Solutions Inc.
  • Leonardo S.p.A.
  • Lockheed Martin Corporation
  • Northrop Grumman Corporation
  • QinetiQ
  • Saab AB

Methodology

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Table Information

Report AttributeDetails
No. of Pages139
PublishedOctober 2023
Forecast Period2022 - 2028
Estimated Market Value ( USD ) in 2022 $ 5.1 Billion
Forecasted Market Value ( USD ) by 2028 $ 7.5 Billion
Compound Annual Growth Rate6.6%
Regions CoveredGlobal
No. of Companies Mentioned11

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About the Target Drone Market

The Target Drone market is a subset of the Unmanned Aerial Vehicle (UAV) market, which is composed of remotely piloted aircrafts that are used for a variety of purposes. Target Drones are UAVs that are specifically designed for target practice and weapons testing. They are typically smaller than other UAVs and are designed to be highly maneuverable and resilient to damage. Target Drones are used by militaries, law enforcement, and private companies for training and testing purposes. Target Drones are typically powered by electric motors and are equipped with sensors and cameras to provide real-time data to the operator. They are also equipped with a variety of payloads, such as weapons, to simulate real-world scenarios. Target Drones are becoming increasingly popular due to their cost-effectiveness and ease of use. Some companies in the Target Drone market include AeroVironment, Inc., Textron Systems, and Northrop Grumman Corporation. Show Less Read more

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