Target Drone Market is Estimated to Reach USD 7.69 billion by 2031 at a CAGR of 7.02% Between 2024 and 2031 | Top key players - QinetiQ Group plc, Griffon Aerospace, Martin Corporation.

The Global Target Drone Market reached US$ 4.47 billion in 2023 and is expected to reach US$ 7.69 billion by 2031, growing at a CAGR of 7.02% during the forecast period 2024-2031.

Target Drone Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

Get a Free Sample PDF Of This Report (Get Higher Priority for Corporate Email ID):- https://datamintelligence.com/download-sample/target-drone-market?sz

The Target Drone Market focuses on unmanned aerial vehicles (UAVs) used for military training, weapons testing, and defense simulations. Market growth is driven by increasing defense budgets, advancements in autonomous flight technology, and rising demand for realistic combat training. Innovations in AI-driven drones, swarm technology, and reusable target drones are further shaping the industry.

List of the Key Players in the Target Drone Market:

Martin Corporation, HELLA GmbH & Co. KGaA, Northrop Grumman Corporation, The Boeing Company, Airbus SE, Leonardo S.p.A. Safran Electronics & Defense, QinetiQ Group plc, Griffon Aerospace and Kratos Defense & Security Solutions, Inc.

Buy Direct Report Here: https://www.datamintelligence.com/buy-now-page?report=target-drone-market?sz

Industry Development:

In August 2023, the Australian Department of Defence selected Lockheed Martin Corporation as its strategic partner for AIR6500 Phase 1 (AIR6500-1), a project aimed at integrating advanced air and missile defense capabilities. This collaboration highlights the increasing role of unmanned systems and target drones in defense applications, emphasizing their significance in military preparedness and battlefield management.

In February 2023, Northrop Grumman secured a contract from the U.S. Marine Corps to develop the Next Generation Handheld Targeting System (NGHTS), reinforcing the need for precision in target identification and engagement. This contract aligns with a broader defense trend focusing on enhanced targeting capabilities in GPS-denied environments, underscoring the importance of target drones in testing and training scenarios.

Growth Forecast Projected:

The Global Target Drone Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Target Drone Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Make an Enquiry for purchasing this Report @ https://www.datamintelligence.com/enquiry/target-drone-market

Segment Covered in the Target Drone Market:

By Type: Fixed Wing, Rotary Wing.

By Propulsion: Electric Propulsion, Fuel Propulsion, Hybrid Propulsion.

By Platform: Aerial, Ground, Marine.

By Payload: Less than 10 Kg, 10-30 kg, More than 30 Kg.

By Operation Mode: Remotely Controlled, Autonomous.

By Application: Training, Target and Decoy, Reconnaissance, Others.

Regional Analysis for Target Drone Market:

The regional analysis of the Target Drone Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

Speak to Our Analyst and Get Customization in the report as per your requirements: https://datamintelligence.com/customize/target-drone-market

People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Target Drone market?

➠ Who are the leading manufacturers in the global Target Drone industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Target Drone industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Target Drone market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

Browse More Reports: https://www.datamintelligence.com/research-report/target-drone-market

Commercial Drone Market: https://www.datamintelligence.com/research-report/commercial-drone-market

Secondary Surveillance Radar (SSR) Market: https://www.datamintelligence.com/research-report/secondary-surveillance-radar-market

Contact Us -
Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com

About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.

This release was published on openPR.