Target Drones Market Research Report

 

Growth opportunities in the Target Drones Market look promising over the next six years. This is mainly due to the mounting emphasis on realistic training owing to the increasing cases of cross-border conflicts and the continuous expansion in products.

Request for a FREE Sample Report on Target Drones Market

Target Drones Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

Several drivers stimulating the growth of the global target drones market include the augmenting demand for such demand for the safety of homeland and other applications along with the rising focus on realistic training due to the increasing instances of cross-border disputes. Also, the surge in defense budgets of various countries such as the US and Germany strengthens the market size. In accordance with the Stockholm International Peace Research Institute, the United States, in 2019, had the most significant payout on defense with USD 732 billion and represented approximately 38% of the total military spending. The military expenditure raised by 5% in Europe, 4.8% in Asia & Oceania, 1.5% in Africa, and the Americas by 4.7%.

Additionally, the increasing modification of jet fighters and other vehicles into target drones, along with the expansion in the introduction of their products, is projected to bring enormous growth opportunities for the market. Boeing, in 2017, declared its plan to convert 18 retired F-16 jet fighters into unmanned target drones to be implemented in advanced pilot training. However, the insufficient trained or skilled professionals to operate these drones will hamper the market growth.

Regional Drivers

Based on the regional coverage, North America is expected to expand at a faster CAGR over the forecast period. This is primarily attributed to the escalating acceptance led by the increasing investment in training programs in countries like the United States. In addition to this, the accelerating number of contracts to attain these target drones is fuelling the market growth. For instance, Griffon Aerospace, in 2020, obtained a two-year contract of value USD 49.9 million to supply unmanned aircraft system targets and associated support services to the US Army. It will offer MQM-171 Broadsword and MQM-170 Outlaw UAS goals for the targets management office of the service branch and other customers from the Department of Defense.

Target Drones Market’s leading Manufacturers:

·        AeroTargets International LLC.

·        Saab AB

·        Lockheed Martin Corporation

·        Kratos Defense & Security Solutions, Inc.

·        QinetiQ

·        Airbus S.A.S.

·        Air Affairs Australia

·        Leonardo S.p.A.

·        Northrop Grumman

·        Boeing

Target Drones Market Segmentation:

Segmentation by Type

·        Rotary Wing

·        Fixed Wing

Segmentation by Platform

·        Ground Targets

·        Aerial Targets

·        Marine Targets

Segmentation by End-Users

·        Defense

·        Commercial

Segmentation by Target Type

·        Subscale Targets

·        Full-Scale Targets

·        Free-Flying Targets

·        Towing Targets

·        Sporting Targets

Segmentation by Engine

·        Internal Combustion Engine

·        Jet Engine

·        Others

Segmentation by Build

·        Converted

·        Newbuild

Segmentation by Region:

·        North America

o   United States of America

o   Canada

·        Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·        Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·        RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a market research and consulting company that offers business insights and market research reports for large and small & medium enterprises. Our detailed reports help the clients to make strategic business policies and achieve sustainable growth in the particular market domain. The company's large team of seasoned analysts and industry experts with experience from different regions such as Asia-Pacific, Europe, North America, among others, provides a one-stop solution for the client. Our market research report has in-depth analysis, which includes refined forecasts, a bird's eye view of the competitive landscape, key factors influencing the market growth, and various other market insights to aid companies in making strategic decisions. Featured in the 'Top 20 Most Promising Market Research Consultants' list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping our clients to stay ahead of the curve.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com

Comments

Post a Comment

Popular posts from this blog

Hi-Fi System Market Research Report

 Growth opportunities in the Hi-Fi system market look promising over the next six years. This is mainly due to the rising demand for portable devices such as smartphones, and laptops, the continuous technological advancement in the Hi-Fi systems, like integration of AI and machine learning, and the increasing penetration of the internet. Request for a FREE Sample Report on Hi-Fi System Market Hi-Fi System Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis) Key Drivers The augmenting demand for portable devices and the growing need for infotainment services are the crucial drivers fuelling the growth of the global Hi-Fi system market .  Rising portable device demand such as laptops, tablets, and smartphones strengthens the demand for wireless audio products in the HI-FI system market. Also, the ongoing technological developments in Hi-Fi systems, like the amalgamation of machine learning and artificial intelligence, are ...
Read more

Tight Gas Market Research Report

  Growth opportunities in the tight gas market look promising over the next six years. This is mainly due to the favourable government strategies, funds and aids for the gas production and the development of sophisticated technology. Request for a FREE Sample Report on Tight Gas Market Tight Gas Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis) Key Drivers One of the prominent drivers responsible for the growth of the global tight gas market includes the augmenting demand for million barrels each day. In accordance with the U.S. Energy Information Administration, the demand of the barrels from 2016 Q1 to 2017 Q1 augmented from 1 million in 2016 to more than 2 million in 2017, and the same trend is anticipated in the future, which will change the perspective of the market, thereby fulfilling the market demand. Also, the emergence of low-cost gas supplies from different sources will change over the chauffeurs of natura...
Read more

Vitreoretinal Surgery Devices Market Research Report

 Growth opportunities in the vitreoretinal surgery devices market look promising over the next six years. This is mainly due to the increasing technological advancements and the rise in the geriatric population coupled with the rising eye disorders. Request for a FREE Sample Report on Vitreoretinal Surgery Devices Market Vitreoretinal Surgery Devices Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis) Key Drivers The increase in the geriatric population across the world along with the surging number of eye disorders including diabetic retinopathy, detached retina, macular hole, and CMV retinitis, and the growing awareness concerned with eye health are the key drivers stimulating the growth of the global vitreoretinal surgery devices market. The use of vitreoretinal surgeries to treat various eye-related disorders, with the help of several procedures, is effective in restoring and improving vision. Furthermore, the ongoing t...
Read more