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Target Drone Market Analysis, Size, Current Scenario and Future Prospects

09-15-2023 12:04 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

Target Drone Market Analysis, Size, Current Scenario and Future

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.

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.

To Request a Sample of our Report on Target Drone Market:  https://www.omrglobal.com/request-sample/target-drone-market

Market Coverage

The market number available for - 2022-2030
Base year- 2022
Forecast period- 2023-2030

Segment Covered- 

By Target
By Mode of Operation
By End-User

Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- QinetiQ Group plc, Kratos Defense & Security Solutions, Inc., Airbus Group, Northrop Grumman Corp., and Boeing Co.

A full Report of Target Drone Market is Available @  https://www.omrglobal.com/industry-reports/target-drone-market

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.

Reasons to buy from us -

We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/target-drone-market

 Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no:  +91 7803040404

About Orion Market Research 
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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