Press release
Target Drones Market 2023: Advance Technology, Business Overview, Demand, Revenue and Forecast 2032
Target Drones Market
Target Drones Market Size, Growth Rate, And Forecast:
The global target drone market size is expected to grow from $4.39 billion in 2022 to $4.77 billion in 2023 at a compound annual growth rate (CAGR) of 8.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The target drone market is expected to reach $6.43 billion in 2027 at a CAGR of 7.8%.
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Target Drones Market Drivers
The increase in defense spending is expected to propel the growth of the target drone market going forward. Defense spending refers to the amount of the federal budget earmarked for defense, including funding for military operations, pay, training, and health care, in addition to maintaining and buying weapons, buildings, and equipment. Defense spending is used for procurement and the purchase of military drones, which have been a force multiplier in combat around the world.
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Target Drones Market Segments
1) By Target: Aerial Target, Ground Target, and Marine Target
2) By Mode Of Operation: Autonomous, Remotely Piloted
3) By Engine Type: Internal Combustion Engine, Jet Engine, Other Engine Types
4) By Application: Combat Training, Target And Decoy, Reconnaissance, Target Identification, Target Acquisition
5) By End Use: Defense, Commercial
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Target Drones market.
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Target Drones Market Key Players
Major players in the target drone market are Airbus SE, BAE Systems plc, Denel Dynamics, Embention, Griffon Aerospace, Leonardo S.p.A., Northrop Grumman Corporation, Boeing, AeroTargets International, Air Affairs Australia, Kratos Defense & Security Solutions Inc., General Dynamics Corporation, L3Harris Technologies, Safran S.A., and SCR Drones.
The Business Research Company's "Global Target Drones Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Target Drones Market Include:
1. Executive Summary
2. Target Drones Market Characteristics
3. Target Drones Market Trends And Strategies
4. Target Drones Market - Macro Economic Scenario
5. Target Drones Market Size And Growth
….
26. Africa Target Drones Market
27. Target Drones Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Target Drones Market
29. Target Drones Market Future Outlook and Potential Analysis
30. Appendix
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