Target Drones Industry to See Robust Expansion, Valued at $7.37 Billion by 2029

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What Is the Projected CAGR for the Target Drones Market from 2024 to 2025?
The market for target drones has seen a significant rise in recent times. It is projected to expand from $5.1 billion in 2024 to $5.51 billion in 2025, boasting a compound annual growth rate (CAGR) of 8.0%. Factors propelling the growth during the historic period include requirements for military training, increased defense budgets, the inclusion of electronic warfare training, the surge in the adoption of unmanned systems, assess and verification of missile systems, and the demand for moving target scenarios.

What are the Expected Market Size and CAGR for Target Drones by 2029?
The market size of target drones is forecasted to experience significant expansion in the upcoming years, escalating to $7.37 billion by 2029 with a compound annual growth rate (CAGR) of 7.5%. Several factors are contributing to this growth projected within the forecast period such as the increased need for multi-domain training, emphasis on electronic attack training, combination with live-fire exercises, rising recognition of anti-drone instruction, uptake of high-speed target drones, addition of real-time telemetry, and tailoring for specific threat scenarios. Prominent trends projected within the forecast period encompass improvements in autonomy and artificial intelligence, the integration of electronic warfare (EW) capabilities, the creation of high-speed and agile drones, increasing acceptance in air-to-air combat instruction, collaborations for technological enhancements, and the incorporation of high-fidelity sensors.

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Which Factors Are Driving the Global Target Drones Market Expansion?
The surge in defense expenditure is set to stimulate the expansion of the target drones market in the future. This expenditure on defense incorporates allocations from the central budget designated for defense-related costs including salaries, military activities, training, and healthcare, as well as the upkeep and purchasing of weapons, facilities and equipment. It is also used to buy military drones which have significantly amplified combat power globally. For instance, data from the House of Commons, the lower chamber of the British Parliament, revealed in April 2022 that the UK Defense Expenditure for 2020-21 amounted to a nominal £42.4 billion (USD 49.65 billion). This represents an increase of £2.5 billion (USD 2.92 billion) nominally and £1.7 billion (USD 1.99 billion) in real terms compared to the preceding year, 2019-20. Therefore, the growth of the target drones market is energised by escalating defense expenditure.

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Which Segment Currently Holds the Largest Share of the Target Drones Market?
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

Which Major Trends Are Shaping the Future of the Target Drones Industry?
The escalating progress in technology is a leading trend currently sweeping the target drones industry. To remain competitive, significant players in this field are harnessing technological innovations. To illustrate, EDGE, a defense and space manufacturing corporation located in UAE, rolled out swarming drones, or unmanned aerial systems (UAS), embedded with sophisticated artificial intelligence (AI) capabilities in February 2022. These drones are able to operate in unison on a single task. The notable attributes of this type of drone involve rapid and agile movement, guidance to their end location, a hefty 8 kg maximum take-off weight, a significant communication reach, and impressive endurance in flight.

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Which Key Players Dominate the Target Drones Industry Globally?
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

What Are the Fastest-Growing Regions 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.

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