Press release
A Deep Dive into Target Drones Market 2025: Key Drivers, Growth Factors, and Projections 2025-2034
Target Drones Market Size
The expansion of the target drones market is anticipated to be fueled by a surge in defense expenditure. Defense expenditure is the portion of the federal budget set aside for defense-related activities, encompassing funding for military operations, salaries, training, and healthcare. It also includes the maintenance and acquisition of weapons, infrastructure, and equipment. This expenditure is utilized to procure and purchase military drones, which have dramatically enhanced combat effectiveness worldwide. For example, reports from the UK Defense Expenditure, released by the lower house of the Parliament of the United Kingdom, the House of Commons, revealed that defense expenditure amounted to £42.4 billion (USD 49.65 billion) in 2020-21. This signifies a nominal escalation of £2.5 billion (USD 2.92 billion) and a real increase of £1.7 billion (USD 1.99 billion) compared to the previous year, 2019-20. Consequently, the uptick in defense expenditure is propelling the expansion of the target drones market.
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What growth opportunities are expected to drive the target drones market's CAGR through 2034?
The market size for target drones has significantly expanded in the recent past. The industry is projected to escalate from $5.1 billion in 2024 to $5.55 billion in 2025, replicating a compound annual growth rate (CAGR) of 8.7%. The surge during the previous years has been spurred by factors such as military training needs, an increase in defense budgets, the incorporation of electronic warfare training, rising adoption of unmanned systems, missile systems' testing and evaluation, and the requirement for moving target scenarios.
The target drones market is predicted to witness considerable growth in the forthcoming years, expanding to $7.47 billion by 2029 with a compound annual growth rate (CAGR) of 7.7%. The surge in demand during the prediction period can be associated with the necessity for multi-domain training, emphasis on electronic assault training, coordination in live-fire workouts, growing significance of anti-drone drill, the adoption of high-speed target drones, assimilation of real-time telemetry, and customization to tackle specific threat settings. The future phase will be marked by developments in autonomy and artificial intelligence, incorporation of electronic warfare (EW) potentials, invention of high-speed and agile drones, increased usage in air-to-air combat training, mutual efforts for technological advancements, and integration of high-quality sensors.
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What are the emerging trends shaping the future of the target drones market?
The surge in technological developments is becoming a prominent trend in the target drones market. Key players in the industry focus on these advancements to maintain their market dominance. For instance, in February 2022, EDGE, a defense and space manufacturing company hailing from UAE, launched a new line of swarming drones, unmanned aerial systems (UAS), outfitted with advanced AI technology. This technology enables the drones to collaborate on shared missions. These drones distinguish themselves with their swift and agile nature while being directed to their targeted location. Their unique attributes encompass a maximum take-off weight of 8 kg, an extensive communication range, and the ability to demonstrate strong endurance in their flight.
Which growth-oriented segments of the target drones market are leading the industry's development?
The target drones market covered in this report is segmented -
1) By Target: Aerial Target, Ground Target, 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
Subsegments:
1) By Aerial Target: High-Speed Aerial Targets, Low-Altitude Aerial Targets, Tactical Aerial Targets
2) By Ground Target: Mobile Ground Targets, Static Ground Targets, Targets For Armored Vehicles
3) By Marine Target: Surface Targets, Subsurface Targets, Coastal And Maritime Targets
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What regions are leading the charge in the target drones market?
North America was the largest region in the target drones market in 2024. Asia-Pacific is expected to be the fastest-growing region in the target drones market report during the forecast period. The regions covered in the target drones market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What companies are at the forefront of innovation in the target drones market?
Major companies operating in the target drones 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., SCR Drones, AeroVironment Inc., Airborne Technologies GmbH, Altavian Inc., BSK Defense S.A., Composite Engineering Inc., CybAero AB, DroneShield Limited, ECA Group, Gaitech International Ltd., General Atomics Aeronautical Systems Inc., Orbital UAV Pty Ltd, Innocon Ltd., Kongsberg Defence & Aerospace AS
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What Is Covered In The Target Drones Global Market Report?
• Market Size Forecast: Examine the target drones market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the target drones market for a structured understanding.
• Key Players Overview: Analyze major players in the target drones market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the target drones market.
• Segment Contributions: Evaluate how different segments drive overall growth in the target drones market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the target drones market.
• Industry Challenges: Identify potential risks and obstacles affecting the target drones market.
• Competitive Landscape: Review strategic developments in the target drones market, including expansions, agreements, and new product launches.
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