Global Target Drones Market; By End Use (Defense and Commercial); By Application (Combat Training, Target and Decoy, Reconnaissance, Target Identification and Target Acquisition); By Target (Aerial Target, Ground Target and Marine Target); and Region -Analysis of Market Size, Share & Trends for 2016 - 2019 and Forecasts to 2030
Product overview
Target Drones are unmanned aerial vehicles which are remotely operated. Target drone is intended for training and testing purposes and as a ground-to - air defense device. The professionals employ these for evaluating battle and preparing anti-aircraft crews. The technology has helped make target drones more effective and efficient. The armed forces primarily use these drones to support the operations of modern weapons systems for specialized applications such as aerial photography and data processing. Military forces all over the world benefit from the positive training climate that target drones have to deliver.
Market Highlights
Fatpos Global anticipates the Target Drones market to surpass USD XX Billion by 2030, which is valued at XX billion in 2019 at a compound annual growth rate of XX%. The surging incidents of political violence, maritime piracy, terrorism, insurgency and civil unrest have also increased investment in the field of practical military training and simulation, thus leading to the growing demand for target drones.
Target Drones Market: Segments
Global market has been segmented on the basis of end use, application, target and region.
In 2019, the defense segment of the target drones dominated the market and accounted for XX% of the global market.
Global Target Drones market is segmented by end use into defense and commercial. A rise in budgetary constraints, a reduction in recruiting of defense personnel and a rise in US and European countries' procurement of defense hardware have necessitated the need to find cost-effective alternatives for military missions. These factors drive the demand for target drones in the defense segment and are expected to show high growth in the forecasted period.
Global Target Drones Market: Market Dynamics
Increased investment in research and development and increasing incidents of threat is expected to improve the growth of the market
Over time, target drones have developed into a key component of military, naval, and aviation operations. Improved investment in research and development as well as better support for military training programs are key drivers of target drone market growth. The surging incidents of political violence, maritime piracy, terrorism, insurgency and civil unrest have also increased investment in the field of practical military training and simulation, thus leading to the growing demand for target drones.
Lack of skilled workforce and high manufacturing cost is expected to hamper the market growth
Lack of skilled workforce for operating and controlling target drones is a factor hampering the global target drone market growth. High cost associated with target drone manufacturing is also expected to act as a restraint in the global market.
Global Target Drones Market: Regions
The region segment can be further divided into five major types including North America, Latin America, Europe, APAC and MENA.
North America is expected to dominate the region segment due to rising adoption and spending on the use of unmanned aerial vehicles in the defense sector, increasing defense spending and presence of key players providing target drones for military weapon simulation and testing.
APAC region is also expected to show significant growth owing to the high usage of military training equipment. Additionally, India and China are increasing its defense spending to use modern methods to train its military personnel. The rise in target drones' applicability in the military sector has driven the demand in the APAC region.
Global Target Drones Market: Key Players
- Leonardo
o Company Overview
o Business Strategy
o Key Product Offerings
o Financial Performance
o Key Performance Indicators
o Risk Analysis
o Recent Development
o Regional Presence
o SWOT Analysis
- Boeing
- BSK Defense
- Saab AB
- Kratos Defense and Security Solutions
- Air Affairs Australia
- Northrop Grumman
- Airbus
- ASV Global
- Other prominent players
Global Target Drones market report also contains analysis on:
- Target Drones Market Segments:
- By End use
o Defense
o Commercial
- By target
o Aerial Targets
o Ground Targets
o Marine Targets
- By application
o Combat Training
o Target and Decoy
o Reconnaissance
o Target Identification
o Target Acquisition
- Target Drones Market Dynamics
- Target Drones Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved in the Market
- Value Chain of the Market
- Market Drivers and Restraints
Table of Contents
1. Executive Summary
2. Target Drones Market
2.1. Product Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3. Research Methodology
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4. Average Pricing Analysis
5. Market Dynamics
5.1. Growth Drivers
5.2. Restraints
5.3. Opportunity
5.4. Trends
6. Correlation & Regression Analysis
6.1. Correlation Matrix
6.2. Regression Matrix
7. Recent Development, Policies & Regulatory Landscape
8. Risk Analysis
8.1. Demand Risk Analysis
8.2. Supply Risk Analysis
9. Target Drones Market Analysis
9.1. Porters Five Forces
9.1.1. Threat of New Entrants
9.1.2. Bargaining Power of Suppliers
9.1.3. Threat of Substitutes
9.1.4. Rivalry
9.2. PEST Analysis
9.2.1. Political
9.2.2. Economic
9.2.3. Social
9.2.4. Technological
10. Target Drones Market
10.1. Market Size & forecast, 2019A-2030F
10.1.1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.1.2. By Volume (Million Units) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
11. Target Drones Market: Market Segmentation
11.1. By Regions
11.1.1. North America:(U.S. and Canada)
- By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
11.1.2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America)
- By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
11.1.3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe)
- By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
11.1.4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific)
- By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
11.1.5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa)
- By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
11.2. By end user: Market Share (2020-2030F)
11.2.1. Defense, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
11.2.2. Commercial, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
11.3. By application : Market Share (2020-2030F)
11.3.1. Combat training, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
11.3.2. Target & decoy, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
11.3.3. Reconnaissance, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
11.3.4. Target identification, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
11.3.5. Target acquisition, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
11.4. By Target: Market Share (2020-2030F)
11.4.1. Aerial target, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
11.4.2. Ground target, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
11.4.3. Marine target, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12. Company Profile
12.1. Leonnardo
12.1.1. Company Overview
12.1.2. Business Strategy
12.1.3. Key Product Offerings
12.1.4. Financial Performance
12.1.5. Key Performance Indicators
12.1.6. Risk Analysis
12.1.7. Recent Development
12.1.8. Regional Presence
12.1.9. SWOT Analysis
12.2. Boeing
12.3. Leonardo
12.4. BSK Defense
12.5. Saab AB
12.6. Kratos Defense and Security Solutions
12.7. Air Affairs Australia
12.8. Northrop Grumman
12.9. Airbus
12.10. Other prominent players
Consultant Recommendation
--The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable