Target Drone Market to Witness Robust Expansion by 2028

The global target drone market is anticipated to grow at a CAGR of 7.1% during the forecast period. The growing investment in the acquisition of target drones is a key factor driving the growth of the global target drone market. For instance, in February 2020, Kratos Defense & Security Solutions, Inc. received a $20 million contract award from an international customer for high-performance, unmanned aerial target drone system aircraft and related services. The procurement includes aerial target drones, spares and consumables, a ground control station (GCS), ground support equipment, launching systems, and payloads. In addition to the hardware to be provided, KUSD will deliver services that include testing, technical training, in-country establishment, and technical assistance.

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In February 2020, the company received another approximately $14 million in contract awards for logistics support, spares, consumables, and support needed to address the growing demand for Kratos' customer drone system operations. In November 2021, The US Air Force has awarded Boeing a $49.7 million contract to convert retired F-16 fighters into unmanned aerial target vehicles. Fifteen F-16 Block 25 and Block 30s will be converted into QF-16 full-scale aerial targets under the contract awarded.

Market Coverage

• The market number available for - 2021-2028

• Base year- 2021

• Forecast period- 2022-2028

Segment Covered-

· By Target

· By Mode of Operation

· By End-User

Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

• Competitive Landscape- QinetiQ Group plc, Kratos Defense & Security Solutions, Inc., Airbus Group, Northrop Grumman Corp., and Boeing Co.

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Target Drone Market Report by Segment

By Target

• Aerial Target

• Ground Target

• Marine Target

By Mode of Operation

• Autonomous Target Drone

• Remotely Operated Target Drone

• By End-User

• Defense

• Commercial

Target Drone Market Report by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

• Latin America

• Middle East and Africa

Company Profiles

• Aerotargets International LLC

• Air Affairs Australia Pty Ltd.

• Airbus Group

• Airbus SAS Group

• Almaz-Antey

• ASV Global

• BAE Systems Ltd.

• Boeing Company

• BSK Defense S.A.

• Embention

• General Dynamics Corp.

• Griffon Aerospace

• Kratos Defense & Security Solutions, Inc.

• L3 ASV

• Leonardo SPA

• Lockheed Martin Corp.

• Northrop Grumman Corp.

• QinetiQ Group plc

• Raytheon Corp.

• SAAB AB

• Thales Corp.

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