Target Drone Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Target Drone Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

The global target drone market size reached US$ 5.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 7.5 Billion by 2028, exhibiting a growth rate (CAGR) of 6.3% during 2023-2028.

A target drone, also known as an unmanned aerial target (UAT), is an autonomous or remotely piloted aerial vehicle used as a shooting target during military exercises and weapon testing. It can simulate aerial, ground, and sea targets by imitating unmanned aerial vehicles (UAVs), cruise missiles, and enemy tactical aircraft. Target drone is widely used to develop and test military systems, train military crew on threat identification, conduct counter-artillery operations, and perform destruction tests on decoys that simulate the behavior of real threats. It is a cost-effective solution that assists in the battle preparation of defense forces by improving the reliability and performance of various weapons, training, and roles.

Target Drone Market Trends:
The increasing emphasis on enhanced military training across the globe is creating a positive outlook for the market. Target drone is widely used to replicate the most challenging defense scenarios, such as air strikes, asymmetric threats, missile engagements, fighter aircraft, split target scenarios, and fast incoming attack crafts (FIAC). Furthermore, increasing product adoption due to rising defense expenditure on the procurement of modern defense systems is providing an impetus to the market growth. Additionally, the introduction of supersonic target drones for applications in electronic assaults, electronic support, decoy missions, and training surface warship crew to detect and defeat incoming supersonic anti-ship missiles is facilitating the market growth. In line with this, emerging trends of full-scale conversion of retired fighter aircraft into target drones for replicating real-time war scenarios are acting as another growth-inducing factor. Moreover, increasing product utilization to provide necessary training to security forces for countering cross-border terrorism, drone attacks, and smuggling activities are providing a considerable boost to the market growth. Other factors, including surging territorial conflicts between several countries, extensive research and development (R&D) activities, and implementation of various government initiatives to manufacture drones to safeguard borders and people from evolving nature of threats, are anticipated to drive the market growth.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global target drone market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on fit type, engine type, mode of operation, application and end use.

Breakup by Fit Type:

Line Fit
Retro Fit

Breakup by Engine Type:

Internal Combustion Engine
Jet Engine

Breakup by Mode of Operation:

Remotely Piloted

Breakup by Application:

Combat Training
Target and Decoy
Target Identification
Target Acquisition

Breakup by End Use:


Breakup by Region:

North America
United States
South Korea
United Kingdom
Latin America
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Air Affairs Australia, Airbus SE, Denel Dynamics, Embention, Griffon Aerospace, Kratos Defense & Security Solutions Inc., Leonardo S.p.A., Lockheed Martin Corporation, Northrop Grumman Corporation, QinetiQ and Saab AB.

Key Questions Answered in This Report:
How has the global target drone market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global target drone market?
What are the key regional markets?
What is the breakup of the market based on the fit type?
What is the breakup of the market based on the engine type?
What is the breakup of the market based on the mode of operation?
What is the breakup of the market based on the application?
What is the breakup of the market based on the end use?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global target drone market and who are the key players?
What is the degree of competition in the industry?

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Target Drone Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Fit Type
6.1 Line Fit
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Retro Fit
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Engine Type
7.1 Internal Combustion Engine
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Jet Engine
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Others
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Mode of Operation
8.1 Autonomous
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Remotely Piloted
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Application
9.1 Combat Training
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Target and Decoy
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Target Identification
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Target Acquisition
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Others
9.5.1 Market Trends
9.5.2 Market Forecast
10 Market Breakup by End Use
10.1 Defense
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Commercial
10.2.1 Market Trends
10.2.2 Market Forecast
11 Market Breakup by Region
11.1 North America
11.1.1 United States Market Trends Market Forecast
11.1.2 Canada Market Trends Market Forecast
11.2 Asia-Pacific
11.2.1 China Market Trends Market Forecast
11.2.2 Japan Market Trends Market Forecast
11.2.3 India Market Trends Market Forecast
11.2.4 South Korea Market Trends Market Forecast
11.2.5 Australia Market Trends Market Forecast
11.2.6 Indonesia Market Trends Market Forecast
11.2.7 Others Market Trends Market Forecast
11.3 Europe
11.3.1 Germany Market Trends Market Forecast
11.3.2 France Market Trends Market Forecast
11.3.3 United Kingdom Market Trends Market Forecast
11.3.4 Italy Market Trends Market Forecast
11.3.5 Spain Market Trends Market Forecast
11.3.6 Russia Market Trends Market Forecast
11.3.7 Others Market Trends Market Forecast
11.4 Latin America
11.4.1 Brazil Market Trends Market Forecast
11.4.2 Mexico Market Trends Market Forecast
11.4.3 Others Market Trends Market Forecast
11.5 Middle East and Africa
11.5.1 Market Trends
11.5.2 Market Breakup by Country
11.5.3 Market Forecast
12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 Air Affairs Australia Company Overview Product Portfolio
16.3.2 Airbus SE Company Overview Product Portfolio Financials SWOT Analysis
16.3.3 Denel Dynamics Company Overview Product Portfolio
16.3.4 Embention Company Overview Product Portfolio
16.3.5 Griffon Aerospace Company Overview Product Portfolio
16.3.6 Kratos Defense & Security Solutions Inc. Company Overview Product Portfolio Financials
16.3.7 Leonardo S.p.A. Company Overview Product Portfolio Financials SWOT Analysis
16.3.8 Lockheed Martin Corporation Company Overview Product Portfolio Financials SWOT Analysis
16.3.9 Northrop Grumman Corporation Company Overview Product Portfolio Financials SWOT Analysis
16.3.10 QinetiQ Company Overview Product Portfolio Financials
16.3.11 Saab AB Company Overview Product Portfolio Financials SWOT Analysis

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