The global target drone market value is projected to reach $10,433.9 Million by 2031,according to CRI’s new report. The study also highlights that the market value is set to witness a CAGR of 8.77% during the forecast period 2021-2031.
The comprehensive research study of the target drone market covers the following:
• Extensive analysis of the key players in the target drone industry and the competitive benchmarking of 15 companies in the market
• Elaborated segments focused on the different applications and products required to cater to the demands of the market
• Detailed market analysis of the global and regional segments of more than ten countries
• Detailed applications of combat training, target and decoy, target recognition, and identification in the military, homeland security, and defense companies end-user segment
The target drone market consists of the business dynamics, application of the target drones, their end users, classification of products based on their mode of operation, platform, payload, target type, and segmentation of aerial targets based on their speeds.
This report indicates that the increasing adoption of unmanned systems for military operations and advancements in military training to simulate real combat scenarios are fueling the growth of the target drone market.
To gain a comprehensive view of the market, the market segments are further classified to get an in-depth analysis of the study.
Haidar Ali, Lead Analyst, states, “The market potential of the target drones for aerial, marine, and ground platforms is expected to reach new heights due to the advancements in the field of unmanned systems and deceiving technologies that can mimic the characteristics of real threats. The target drone market is going to evolve parallelly with the combat vehicles to mimic their ability. This helps in understanding and developing tactics and strategies to neutralize the threat. Hence, the market is going to grow significantly during the forecast period.”
In-depth interviews with market leaders have given key insights for the study as well as helped in the data triangulation. The key players profiled in the report include AeroTargets International LLC, Air Affairs Australia, Airbus S.A.S., Boeing, Denel SOC Ltd, DRDO, Griffon Aerospace, Kratos Defense & Security Solutions, Inc., Leonardo S.p.A., Lockheed Martin Corporation, Northrop Grumman, QinetiQ, Robonic Ltd Oy, and SCR, among others.
The report also offers strategic recommendations that might help the companies to track the various technological trends and products that are likely going to change the market dynamics.
Who should buy this report?
• Manufacturers and contractors of the target drones
• UAV service providers and component suppliers
• Autonomous software and algorithm developers for military applications
• Government agencies and military forces across the globe
• Research institutions that provide designs and technology for advanced systems
How can market intelligence on the target drone market add value to an organization’s decision-making process?
• Help in analyzing the future trends to develop innovative drones for the market
• Aid in understanding the various contracts and procurement of target drones to make necessary decisions for business expansion
• Help in understanding the geographical scenario of the market
• Help in targeting a specific product specification to increase the robustness of their product portfolio
• Aid in analyzing the competitors’ strengths and weaknesses
Insightful Questions Covered to Enable Companies to take Strategic Decisions
• What are the futuristic trends in this market, and how is the market expected to change over the forecast years 2021-2031?
• What are the key drivers and challenges faced by the companies that are currently working in the global target drone market?
• How is the market expected to grow during the forecast period 2021-2031?
• What are the opportunities for the companies to expand their businesses in the global target drone market?
• Which region is expected to be leading the global target drone market by 2031?
• What are the key developmental strategies implemented by the key players to sustain in this highly competitive market?
• What is the current and future revenue scenario of this market?