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Target Drone Market Applications, Technology, Types, Recent Trends, Future Growth Analysis, Industry Analysis and Forecasts 2032

10-03-2024 03:16 PM CET | IT, New Media & Software

Press release from: Emergen Research

Target Drone Market

Target Drone Market

The global target drone market, valued at USD 5.2 billion in 2023, is expected to experience a significant growth rate of 7.6% during the forecast period. This surge in market growth is being driven by the increasing adoption of drones in various commercial applications, growing military training demands, rising defense expenditures by several countries, and advancements in drone technology.

Key Drivers of Market Growth

The expanding commercial use of drones is a key factor contributing to the growth of the target drone market. Drones are being employed in numerous industries, such as construction, agriculture, and delivery services, where they play a vital role in inspecting infrastructure like pipelines, bridges, and electrical lines. Additionally, commercial drones are increasingly used to deliver small goods.

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The U.S. Federal Aviation Administration reported that as of August 2023, over 350,000 commercial drones were registered. According to research by Seed Scientific, drone applications across various industries are valued at approximately USD 127 billion. The widespread use of drones in commercial sectors is boosting the demand for target drones.

In the defense sector, target drones serve as an efficient solution for threat simulations, enhancing the training environment for military personnel. The UK Ministry of Defense, for example, invested heavily in military aviation training, including the use of target drones to better prepare aircrews for combat scenarios.

The integration of artificial intelligence (AI) technology into drones has also been a major trend. Suppliers are developing drones equipped with autonomous instruments powered by AI and machine learning (ML), which allows for the creation of more efficient drones. AI-enabled drones are expected to further drive market growth due to their enhanced capabilities.

Challenges Facing the Market

One of the significant challenges in the target drone market is the limitation of current battery technology. Drones powered by lithium-ion batteries have a short flight time, usually between 25 to 30 minutes, which limits their use in applications requiring longer operational periods. This is especially problematic for industries like defense, logistics, and agriculture, where longer flight durations are often necessary.

Market Segmentation Insights

The target drone market is segmented by engine type, platform, and end-use.

Engine Type: The jet engine segment held the largest market share in 2023, driven by its superior performance in speed, endurance, and payload capacity. Drones powered by jet engines are widely used in industries such as military, oil and gas, and agriculture for tasks such as mapping and inspection. For example, the Chinese company Ziyan UAV developed the Blowfish A3, a jet-powered drone used for both autonomous and swarm operations.

Platform: Aerial targets are the most dominant segment in the target drone market. These unmanned aerial targets (UATs) are used for military testing, threat simulation, and training exercises. Kratos Defense & Security Solutions, for instance, offers the BQM-177A Subsonic Aerial Target (SSAT), which effectively simulates modern airborne threats like enemy aircraft and cruise missiles.

End-Use: The defense sector holds the largest share in the target drone market and is expected to continue growing rapidly. Many countries, including India, are increasingly investing in aerial targets to simulate real-life combat situations and improve weapons training. In January 2022, the Indian government signed a USD 12.9 million contract with Anadrone Systems for aerial targets to enhance training for the Indian armed forces.

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Target Drone Top Companies and Competitive Landscape

The global target drone market is fairly fragmented with many large and medium-sized players accounting for majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective target drone.

Some major players included in the global target drone market report are:

Kratos Defense & Security Solutions, Inc.
Aero Targets International, LLC
Northrop Grumman
QinetiQ
Airbus
Boeing
Lockheed Martin Corporation
Leonardo S.p.A.
RTX Corporation
Textron Systems
BAE Systems
Meggitt PLC
Thales
Saab AB
Denel Dynamics

Target Drone Latest Industry Updates

In March 2022, Qinteiq received a contract by the Japan Ground Self-Defense Force to supply Banshee Jet 80+ unmanned aerial vehicle targets. According to the agreement, an undisclosed number of Banshee targets will be delivered by the company while providing logistics support, replacement parts, and other platform-related services.

In December 2021, Kratos Defense & Security Solutions was given a $50 million contract by the Naval Air Systems Command (NAVAIR) for the delivery of 65 BQM-177A subsonic aerial targets (SSATs).

Target Drone Market Segmentation Analysis
For the purpose of this report, Emergen Research has segmented global target drone market on the basis of mode of operation, platform, engine type, target type, application, build, type, payload capacity, speed, fit, end-use and region:

Mode of Operation Outlook (Revenue, USD Billion; 2020-2033)

Autonomous
Remotely Piloted
Optionally Piloted

Platform Outlook (Revenue, USD Billion; 2020-2033)

Underwater Target
Sea Surface Target
Ground Target
Aerial Target

Engine Type Outlook (Revenue, USD Billion; 2020-2033)

Internal Combustion Engine
Jet Engine
Others

Target Type Outlook (Revenue, USD Billion; 2020-2033)

Full-Scale
Sub-Scale
Free-Flying
Towing
Sporting

Application Outlook (Revenue, USD Billion; 2020-2033)

Combat Training
Target & Decoy
Reconnaissance
Target Identification
Target Acquisition

Build Outlook (Revenue, USD Billion; 2020-2033)

New Build
Converted

Type Outlook (Revenue, USD Billion; 2020-2033)

Fixed Wing
Rotary Wing

Payload Capacity Outlook (Revenue, USD Billion; 2020-2033)

High (>40 Kg)
Medium (20Kg to 40Kg)
Low (

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About Us:
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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