What is Target Drone Market?
Target drones are basically unmanned vehicles, which are generally controlled by remote in order to reach their target. It is intended as a system with a ground to air defence role and for training purposes. The technology has aided to the manufacturing of target drones getting more efficient. They are high performance unmanned aerial vehicles and hence are being applied for advanced applications such as data sensing. Target Drones market is expected to offer a huge opportunity with rising need to target drones for homeland security applications.
Highlights from Target Drone Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | The Boeing Company (United States), Airbus Group (Netherlands), Air Affairs Australia Pty Ltd. (Australia), Leonardo S.p.A. (Italy), QinetiQ Group plc (United Kingdom), Northrop Grumman Corporation (United States), Tasuma(United Kingdom), Griffon Aerospace (United States), BAE Systems (United Kingdom), Kratos Defense & Security Solutions, Inc. (United States), Meggit PLC (United Kingdom), Lockheed Martin Corporation (United States), Saab AB (Sweden), ASV Global (United Kingdom), Equipaer Industria Aeronautica (Brazil) and AeroTargets International, LLC (United States) |
Target Drone is a fragmented market due to the presence of a large number of established competitors. The key players focus on developing and innovating new strategies to maintain their market position and customer base. The companies are also planning strategic activities like partnerships, collaboration, mergers, and acquisitions to help them sustain themselves in the market and maintain their competitive edge. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Target Drone market throughout the forecasted period.
The Boeing Company (United States), Airbus Group (Netherlands), Air Affairs Australia Pty Ltd. (Australia), Leonardo S.p.A. (Italy), QinetiQ Group plc (United Kingdom), Northrop Grumman Corporation (United States), Tasuma(United Kingdom), Griffon Aerospace (United States), BAE Systems (United Kingdom), Kratos Defense & Security Solutions, Inc. (United States), Meggit PLC (United Kingdom), Lockheed Martin Corporation (United States), Saab AB (Sweden), ASV Global (United Kingdom), Equipaer Industria Aeronautica (Brazil) and AeroTargets International, LLC (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are BSK Defense S.A, Rotron Power, RMS s.a. Technology, Denel SOC, Amjet-u Tech, P.B Aviation and Textron. Target Drone Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Defense, Homeland Security and Commercial |
Engine Type | Internal Combustion Engines,Jet Engines,Others |
Fit | Line Fit,Customized Fit |
Target Type | Defense,Free Flying,Full Scaled,Sub-scaled,Towing,Sporting |
Platform Type | Ground Targets,Aerial Targets,Underwater Targets,Sea Surface Target |
On the basis of geography, the market of Target Drone has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Lighter Weight And Compact Target Drones
Market Growth Drivers:
Higher Safety and Efficiency of Target Drone, Advantage of Target Drone Over Manned Target Vehicles and Government Concern Towards Safety And Security Of Their People
Challenges:
Sustainable Power Sources For Improved Endurance of Drones
Restraints:
Malfunction Incidents Due To Drone Failure and High Cost Associated With Target Drone
Opportunities:
Rising Adoption Of Target Drones By The Defense Forces and Increasing Defense Budget Of All Countries Across The Globe and Need For Target Drone For Homeland Security Application
Key Target Audience
Target Drone Manufacturers, Target Drone Suppliers, Target Drone Technology Support Providers, Target Drone Software Providers, Armed Forces, Defense Regulatory Bodies and Software/Hardware/Solution Providers
Market Leaders & Development Strategies
In December 2022, QinetiQ Group plc acquired Air Affairs, a leading Australian defense services company in air threat presentation, test and evaluation (T&E), unmanned targets, and mission rehearsals. The acquisition of Air Affairs is an exciting step to further build and accelerate QinetiQ. Australia is growing its T&E and threat representation capabilities globally. The transaction represents another strategically important milestone for QinetiQ after the completion of the acquisition of Avantus in the US in November.
In February 2019, Etimad, the UAE aerial target drone specialist, trials to start a native drone industry in the United Arab Emirates. The UAE Company has been designing and producing target drones for around 2 years now. Their portfolio includes low-speed targets using piston engines for anti-aircraft gun calibration to fast and very manoeuvrable jet-propelled drones to train air defence operators.
In the US, the Federal Aviation Administration (FAA), the regulatory agency governing US airspace, allows the use of drones in the energy sector since this sector involves fewer safety issues as energy devices are located especially in low population areas. FAA rules are designed to exploit the economic potential of drones without jeopardizing aviation safety since all operations conducted in civil airspace must meet minimum levels of safety. From a legal point of view, there are two possible approaches regarding regulation of drones: the federal government can be responsible to regulate drones, or states can be responsible to regulate with the federal government being responsible to give general rules and uniformity to states’ regulations. According to FAA rules, public UAS operators can selfcertify, whereas, civil operators are certified by the FAA.