Global Target Drones Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2023

Industry : Defense and Aeronautics Upcoming Reports Date : July 24th, 2017
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The global target drones market is expected to grow at a significant rate during the forecast period. The key factor driving the market is the rapid modernization of armed forces. Moreover, the rising incidences of terrorism, political violence, and civil unrest have led to increase the investment in drone market. Further, the rise in funding for military training programs in many countries around the globe and increased emphasis on testing & evaluation are some other factors driving the market growth. In addition, the rapid adoption rate of jet engine target drones in militaries across the globe, due to its excellent maneuvering and high-speed capabilities is expected to be a primary factor for the growth of the segment in near future. However, lack of skilled personal majorly in developing countries is acting as a restraining factor for market growth.

Target drones are unmanned vehicles controlled by remote and used in various defense operations as well as in training of anti-aircraft crews. These are a subclass of aerial targets that are specifically created for research, development, testing & evaluation (RDT&E) purposes. Moreover, target drones are also utilized for other applications such as target and decoy, training and reconnaissance. Target drones nowadays are often manufactured from older and larger missiles whose war heads are removed. In addition, modern drones often counter attack, radar, and similar systems to mimic manned aircraft. Furthermore, target drones are also deployed for collaboration testing of missile and weapon.

The target drone market has been segmented into engine type, end user, fit, platform, target type, and region. Based on engine type, the target drones market has been segmented into internal combustion engines, and jet engines, and others. Jet engine is the fastest growing segment in the target drone market.  Segmentation of the target drone market on the basis of end user includes defense, homeland security, and commercial. By fit, the market is segmented into line fit and customized fit. Based on the platform, the market has been segmented into aerial targets, ground targets, underwater targets, and sea surface targets. On the basis of its target type, the market has been segmented into full-scaled, sub-scaled, towing, free flying, and sporting.

Geographically, the global target drones market can be divided into North America, South America, Europe, Middle East & Africa and Asia-Pacific regions. North America and Europe are key growing regions. The market growth in these regions is attributed to the ongoing upgradation of warfare platform. In addition, countries such as the U.K. and Russia are keen on investing in these systems which is expected to contribute towards the market growth. However, Asia-Pacific’s target drone market is expected to grow at a significant rate. The growth in this region is owed to  the rapid industrialization and urbanization during the past few years.

Key players operating in the global target drone market are The Boeing Company, Northrop Grumman Corporation , QinetiQ Group plc, Leonardo S.p.A. (Italy), Kratos Defense & Security Solutions, Inc., Saab AB, Lockheed Martin Corporation (U.S.), Airbus Group (Netherlands), ASV Global (U.K.), and AeroTargets International, LLC (U.S.) among others.

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TABLE OF CONTENTS

    1. INTRODUCTION
      • 1.1. Market Definition
      • 1.2. Market Scope
      • 1.3. Research Methodology
      • 1.4. Sources
    2. EXECUTIVE SUMMARY
      • 2.1. Market Snapshot
    3. INDUSTRY OVERVIEW
      • 3.1. Introduction
      • 3.2. Value Chain Analysis
      • 3.3. Porter’s Five Forces Analysis
      • 3.4. Key Trends
      • 3.5. Opportunities
      • 3.6. Drivers and their impact on forecast
      • 3.7. Restraints and their impact on forecast
      • 3.8. Type Positioning or Company Market Share
    4. Global Target Drones Market by Engine Type (2017-2023)
      • 4.1. Global Target Drones Market by Internal Combustion Engine
      • 4.2. Global Target Drones Market by Jet Engines
      • 4.3. Global Target Drones Market by Others
    5. Global Target Drones Market by End-User (2017-2023)
      • 5.1. Global Target Drones Market by Defense
      • 5.2. Global Target Drones Market by Homeland Security
      • 5.3. Global Target Drones Market by Commercial
    6. Global Target Drones Market by Fit (2017-2023)
      • 6.1. Global Target Drones Market by Line Fit
      • 6.2. Global Target Drones Market by Customized Fit
    7. Global Target Drones Market by Platform (2017-2023)
      • 7.1. Global Target Drones Market by Aerial Target
      • 7.2. Global Target Drones Market by Ground Target
      • 7.3. Global Target Drones Market by Underwater Target
      • 7.4. Global Target Drones Market by Sea surface Target
    8. Global Target Drones Market by Target Type (2017-2023)
      • 8.1. Global Target Drones Market by Full and Sub Scaled
      • 8.2. Global Target Drones Market by Free Fly
      • 8.3. Global Target Drones Market by Tow
      • 8.4. Global Target Drones Market by Sport
    9. Global Target Drones Market, By Geography Analysis (2017-2023)
      • 9.1. North America Target Drones Market
        • 9.1.1. North America Target Drones Market by Platform
        • 9.1.2. North America Target Drones Market by Engine Type
        • 9.1.3. North America Target Drones Market by Fit
        • 9.1.4. North America Target Drones Market by End-user
        • 9.1.5. North America Target Drones Market by Country
          • 9.1.5.1. S.Target Drones Market
          • 9.1.5.2. Rest of North America Target Drones Market
        • 9.2. Europe Target Drones Market
          • 9.2.1. Europe Target Drones Market by Platform
          • 9.2.2. Europe Target Drones Market by Engine Type
          • 9.2.3. Europe Target Drones Market by Fit
          • 9.2.4. Europe Target Drones Market by End-user
          • 9.2.5. Europe Target Drones Market by Country
            • 9.2.5.1. UK Target Drones Market
            • 9.2.5.2. Rest of Europe Target Drones Market
          • 9.3. Asia-Pacific Target Drones Market
            • 9.3.1. Asia-Pacific Target Drones Market by Platform
            • 9.3.2. Asia-Pacific Target Drones Market by Engine Type
            • 9.3.3. Asia-Pacific Target Drones Market by Fit
            • 9.3.4. Asia-Pacific Target Drones Market by End-user
            • 9.3.5. Asia-Pacific Target Drones Market by Country
              • 9.3.5.1. Japan Target Drones Market
              • 9.3.5.2. India Target Drones Market
              • 9.3.5.3. Australia Target Drones Market
              • 9.3.5.4. Rest of Asia-Pacific Target Drones Market
            • 9.4. RoW Target Drones Market
              • 9.4.1. RoW Target Drones Market by Platform
              • 9.4.2. RoW Target Drones Market by Engine Type
              • 9.4.3. RoW Target Drones Market by Fit
              • 9.4.4. RoW Target Drones Market by End-user
              • 9.4.5. RoW Target Drones Market by Country
                • 9.4.5.1. Brazil Target Drones Market
                • 9.4.5.2. Others Target Drones Market
    1. Key Company Profiles
      • 10.1. The Boeing Company
        • 10.1.1. Business Overview
        • 10.1.2. Product and Service Offerings
        • 10.1.3. Recent Developments
      • 10.2. Northrop Grumman Corporation
        • 10.2.1. Business Overview
        • 10.2.2. Product and Service Offerings
        • 10.2.3. Recent Developments
      • 10.3. QinetiQ Group plc
        • 10.3.1. Business Overview
        • 10.3.2. Product and Service Offerings
        • 10.3.3. Recent Developments
      • 10.4. Kratos Defense & Security Solutions, Inc
        • 10.4.1. Business Overview
        • 10.4.2. Product and Service Offerings
        • 10.4.3. Recent Developments
      • 10.5. Saab AB
        • 10.5.1. Business Overview
        • 10.5.2. Product and Service Offerings
        • 10.5.3. Recent Developments
      • 10.6. Lockheed Martin Corporation
        • 10.6.1. Business Overview
        • 10.6.2. Product and Service Offerings
        • 10.6.3. Recent Developments
      • 10.7. Airbus Group
        • 10.7.1. Business Overview
        • 10.7.2. Product & Service Offerings
        • 10.7.3. Recent Developments
      • 10.8. Leonardo S.p.A.
        • 10.8.1. Business Overview
        • 10.8.2. Product and Service Offerings
        • 10.8.3. Recent Developments
      • 10.9. ASV Global
        • 10.9.1. Business Overview
        • 10.9.2. Product and Service Offerings
        • 10.9.3. Recent Developments
      • 10.10. Aero Targets International
        • 10.10.1. Business Overview
        • 10.10.2. Product and Service Offerings
        • 10.10.3. Recent Developments

Global Target Drones Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2023