Target Drone Market Outlook | Growth Drivers, Market Trends, Investment Opportunities

Market Size and Growth

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.

DataM Intelligence has released its latest research, "Target Drone Market Size 2025," providing a detailed overview of the industry. The report offers a deep dive into key market drivers, regional growth, and the competitive landscape, equipping businesses with the insights needed to navigate this dynamic sector.

Key Developments:

United States: Recent Target Drone Developments

✅ In August 2025, Performance Drone Works (PDW) inaugurated its brand-new 90,000-sq-ft Drone Factory 01 in Huntsville, Alabama, significantly expanding U.S.-based production of tactical unmanned aerial systems and creating over 500 jobs, reinforcing America's defense manufacturing capability.

✅ In July 2025, the U.S. Army conducted its first-ever live test of grenade-dropping drones, using a Skydio X10D quadcopter equipped to release an M67 grenade over a vehicle target in Germany. This marks a major step in integrating small munitions-capable drones into live-fire training and future combat tactics.

✅ In summer 2025, sweeping legislative reforms, including an executive order titled "Unleashing American Drone Dominance" and a new DoD procurement directive, triggered a surge in investments both public and private into U.S. drone companies like Firestorm Labs and Unusual Machines, spurring growth in domestic drone manufacturing and autonomy R&D.

Japan: Recent Target Drone Developments

✅ In August 2025, Japan's Defence Minister Gen Nakatani visited Turkey to explore collaboration and potential procurement of Turkish-made drones, touring industry facilities like Baykar and Turkish Aerospace Industries. Although no formal agreement was struck, the visit signifies Japan's interest in expanding unmanned systems in its Self-Defense Forces.

✅ In mid-2025, Japan continues its broader strategy to bolster its domestic defense innovation ecosystem stepping up investments in technologies including unmanned systems motivated by a shifting regional security landscape and historically pacifistic posture.

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Key players:

The section also contains information related to the new product launches, mergers, acquisitions, collaborations, etc., to give a clear understanding about the competitive landscape prevailing in the global market. With an emphasis on strategies there have been several primary developments done by major companies such as :

-> Lockheed 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.

Market Segments:

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

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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.

Regional Analysis for Target Drone Market:

⇥ 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)

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

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Chapter Outline

⏩ Market Overview: The report analyzes key drivers, challenges, and opportunities shaping the industry, providing a clear picture of the forces at play.

⏩ Market Landscape: A thorough evaluation of leading industry players, including their financial performance, key product offerings, and strategic initiatives

⏩ Companies Profiles: The global Target Drone market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: A detailed breakdown of market trends, size, and growth projections across major regions, including North America, Europe, Asia Pacific, the Middle East & Africa, and South America.

⏩ Market Segments: An interpretation of how various segments by end-user, application, and type contribute to the market's overall value and growth..

⏩ Market Forecast: Production Side: Expert analysis on the production and value forecasts for the market, offering a glimpse into its trajectory.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

Frequently asked questions:

What is the current valuation of the Target Drone Market?

A: In 2023, the global Target Drone Market was valued at a US$ 4.47 billion , reflecting its substantial role in the sector.

Q: What is the projected size of the Target Drone Market by 2031?

A: Experts forecast a significant expansion, with the Target Drone Market anticipated to reach a valuation of nearly US$ 7.69 billion by 2031, driven by ongoing demand and projects.

Q: What is the expected growth rate for the Target Drone Market?

A: The market is poised for steady growth, with a projected Compound Annual Growth Rate (CAGR) of around 7.02% during the forecast period. This growth is fueled by increasing global needs and investments

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