Global Drones Market (2020 to 2025) - Growing Defense Budgets of Major Economies Presents Opportunities

DUBLIN, June 18, 2020 /PRNewswire/ -- The "Target Drones Market by End-use Sector (Defense, Commercial), End Use (Aerial Targets, Ground Targets, Marine Targets), Application, Mode of Operation, Payload Capacity, Build, Target Type, Engine Type, Speed, Type, and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The target drones market is projected to grow from USD 4.4 billion in 2020 to USD 6.3 billion by 2025, at a CAGR of 7.6% during the forecast period.

Increased R&D investment and better funding for military training programs are key factors driving the growth of the target drones market. However, the lack of sustainable power sources to improve the endurance of drones is limiting the overall adoption of target drones.

Based on end-use, aerial target drones segment is projected to drive the target drones market by 2025

Based on end-use, the aerial targets segment is projected to lead the target drones market by 2025 due to its wide acceptance across the world in military training. Aerial targets include all unmanned aerial target vehicles; about 80% of target drones acquired by armed forces worldwide fall under this category. Jet engines, as well as internal combustion engines, are used in aerial target drones. Target drones powered by jet engines have high speed and exceptional maneuvering capabilities. Those powered by internal combustion engines are cost-effective with a restricted scope of usage.

Based on end-use sector, the defense segment is projected to lead the target drones market over the forecast period 

Target drones are used by military forces worldwide to perform various defense-related tasks due to their extreme endurance capabilities and potential for high-altitude threat simulation. Target drones offer the best solution for all aspects of threat simulation, such as realism, cost, and operational effectiveness, which, in turn, improve overall training effectiveness.

North America is estimated to account for the largest share of the market in 2020 North America is projected to hold the lion's share in the target drones market. The US Air Force is the largest consumer of aerial targets. Currently, the US Air Force is converting retired F-16s to unmanned target vehicle QF-16s. Increasing R&D and venture capitalist activities in the field of drones are also aiding the growth of the target drones market in the US.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in Target Drones Market
4.2 Target Drones Market, by Build
4.3 Target Drones Market, by Application
4.4 Target Drones Market, by Region

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increased Emphasis on Enhanced Military Training
5.2.1.2 Advantages of Target Drones Over Manned Target Vehicles
5.2.2 Restraints
5.2.2.1 Lack of Skilled and Trained Personnel
5.2.3 Opportunities
5.2.3.1 Full-Scale Conversion of Target Drones for Simulation of a War Scenario
5.2.3.2 Growing Defense Budgets of Major Economies
5.2.3.3 Demand for Target Drones for Homeland Security Applications
5.2.4 Challenges
5.2.4.1 Lack of Sustainable Power Sources to Improve Endurance of Drones
5.2.4.2 Effect of Covid-19 on Supply Chain and Business Development Programs
5.3 Average Selling Price Trend
5.4 Value Chain Analysis
5.5 Market Map

6 Industry Trends
6.1 Introduction
6.2 Key Technology Vendors
6.3 Maturity Map of Target Drones
6.4 Technology Trends
6.4.1 Scoring Systems
6.4.2 Converted Drones
6.4.3 Electronic Countermeasures
6.4.4 Chaff Dispensers
6.4.5 Flare Dispensers
6.4.6 Recovery Systems
6.5 Innovation and Patent Registrations

7 Target Drones Market, by Type
7.1 Introduction
7.2 Fixed Wing
7.2.1 Drones
7.2.1.1 Growing Demand to Simulate Enemy Threats Expected to Drive Growth of the Drones Segment
7.2.2 Cruise Targets
7.2.2.1 Demand for Cruise Targets With High Speed Expected to Surge
7.2.2.2 Low Speed
7.2.2.3 Subsonic
7.2.2.4 Supersonic
7.3 Rotary Wing

8 Target Drones Market, by End Use
8.1 Introduction
8.2 Aerial Targets
8.2.1 Increasing Procurement by Armed Forces Drives Aerial Targets Segment
8.3 Ground Targets
8.3.1 Use in Air & Ground Crew Training Drives Growth of Ground Targets Segment
8.4 Marine Targets
8.4.1 Growing Naval Defense Sector Drives Demand for Marine Target Drones
8.4.2 Underwater Targets
8.4.2.1 Preference for Low-Cost Alternatives to Submarines in Asw Training Fuels Market Growth of Underwater Targets
8.4.3 Sea Surface Targets
8.4.3.1 Increasing Naval Gunnery Training and Weapons Testing Drives Growth of Sea Surface Targets Segment

9 Target Drones Market, by End-Use Sector
9.1 Introduction
9.2 Defense
9.2.1 Military
9.2.1.1 Wide-Scale Use of Target Drones by Armed Forces for Training Drives Growth of Military Segment
9.2.2 Homeland Security
9.2.2.1 Application of Target Drones for Surveillance and Police Training Expected to Drive Growth of Homeland Security Segment
9.3 Commercial
9.3.1 Investment by Public and Private Sectors Will Spur Demand for Target Drones in Commercial Sector

10 Target Drones Market, by Target Type
10.1 Introduction
10.2 Full-Scale Targets
10.2.1 Conversion of Retired Fighter Aircraft into Target Drones Drives Growth of Full-Scale Segment
10.3 Subscale Targets
10.3.1 Wide Application Areas Drive Demand for Subscale Target Drones
10.4 Free-Flying Targets
10.4.1 Demand for Low-Cost Aerial Targets Stimulates Growth of Free-Flying Segment
10.5 Towing Targets
10.5.1 Increase in Tracking & Firing Practice Drives Demand for Towing Target Drones
10.6 Sporting Targets
10.6.1 Increasing Number of Target Shooting Sports Drive Growth of this Segment

11 Target Drones Market, by Application
11.1 Introduction
11.2 Combat Training
11.2.1 Wide-Scale Adoption of Target Drones by Defense Forces Expected to Drive Use in Combat Training
11.3 Target & Decoy
11.3.1 Advancements in Threat Simulation Technology Fuel Growth of Target & Decoy Segment
11.4 Reconnaissance
11.4.1 Growing Capabilities of Target Drones Stimulate Their Adoption for Reconnaissance Applications
11.5 Target Identification
11.5.1 Growing Adoption of Unmanned Systems for Target Identification Expected to Drive the Segment
11.6 Target Acquisition
11.6.1 Advancements in Sensory Display Format Stimulates Demand for Target Acquisition Applications

12 Target Drones Market, by Engine Type
12.1 Introduction
12.2 Jet Engines
12.2.1 Benefits of Jet Engines Over Other Propulsion Systems Expected to Drive Market
12.3 Internal Combustion (Ic) Engines
12.3.1 Use of Ic Engines in Lightweight Target Drones Expected to Surge Demand
12.4 Others
12.4.1 Efforts to Develop Alternative Propulsion Systems Drive Market Growth

13 Target Drones Market, by Build
13.1 Introduction
13.2 Newbuild
13.2.1 Limited Defense Budget Allocation in Emerging Economies Drives Demand for Newbuild Target Drones
13.3 Converted
13.3.1 Increasing Conversion of Retired Fighter Aircraft into Target Drones Expected to Drive Segment Growth

14 Target Drones Market, by Speed
14.1 Introduction
14.2 High (> 250 Mps)
14.2.1 Need to Replicate Threats in Military Practices Drives Demand for High-Speed Target Drones
14.3 Low (<_50 />14.3.1 Low Cost Availability Expected to Drive Demand for Low-Speed Target Drones

15 Target Drones Market, by Payload Capacity
15.1 Introduction
15.2 High (>40 Kg)
15.2.1 Use of Target Drones for Critical Defense Applications Drives Demand for High Payload Capacity
15.3 Medium (20 Kg to 40 Kg)
15.3.1 Increasing Need for Drones to Perform Additional Functions Drives Demand for Medium Payload Capacity
15.4 Low (<_0 />15.4.1 Use in Basic Applications Such as Combat Training Propels Demand for Low Payload Target Drones

16 Target Drones Market, by Mode of Operation
16.1 Introduction
16.2 Autonomous
16.2.1 Advancements in Sensor Technology Drive Autonomous Drone Adoption Across the Globe
16.3 Remotely Piloted
16.3.1 Growing Need for Better Control of Drones Fuels Demand for Remotely Piloted Options
16.4 Optionally Piloted
16.4.1 Increasing Use of Target Drones in Reconnaissance Drives Optionally Piloted Segment

17 Target Drones Market, by Region
17.1 Introduction
17.2 North America
17.3 Europe
17.4 Asia-Pacific
17.5 Middle East & North Africa
17.6 Rest of the World (Row)

18 Competitive Landscape
18.1 Introduction
18.1.1 Market Evaluation Framework
18.2 Competitive Leadership Mapping
18.2.1 Visionary Leaders
18.2.2 Innovators
18.2.3 Dynamic Differentiators
18.2.4 Emerging Companies
18.3 Ranking of Key Players, 2020
18.4 Competitive Scenario
18.4.1 New Product Launches
18.4.2 Contracts
18.4.3 Other Strategies

19 Company Profiles
19.1 The Boeing Company
19.2 Qinetiq Group plc
19.3 Northrop Grumman Corporation
19.4 Kratos Defense & Security Solutions, Inc.
19.5 Airbus Group
19.6 Lockheed Martin Corporation
19.7 Leonardo S.P.A.
19.8 BSK Defense S.A.
19.9 Air Affairs Australia Pty Ltd.
19.10 Saab Ab
19.11 Aerotargets International, LLC
19.12 L3 Asv
19.13 Bae Systems
19.14 Raytheon
19.15 General Dynamics Corporation
19.16 Almaz-Antey
19.17 Thales
19.18 Embention
19.19 Griffon Aerospace
19.20 Denel Dynamics

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