Target Drone Market: Strengthening National Security Activities to Drive the Demand | BIS Research
Target drones are unmanned vehicles that are generally used for the testing and development of military systems, combat training against manned and unmanned threats, and destruction tests on decoys that simulate the behavior of real threats
By: BIS Research
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North America is expected to account for the highest share of 39.13% in the market in 2031, owing to a significant number of companies based in the region. Europe region is estimated to have a share of 28.78% by 2031 and is expected to witness significant growth during the forecast period. Increased spending by government organizations such as the U.S. Department of Defense (DoD), U.S. Air Force, and Navy in different applications is expected to drive huge growth in the global target drone market during the forecast period.
The competitive landscape of the global target drone market consists of several organic and inorganic strategies followed by the key players to increase the market share. The strategies include product innovations, product developments and launches, contracts, and business expansions, among others.
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Some of the key players in the global target drone market include AeroTargets International LLC, Air Affairs Australia, Airbus S.A.S., Boeing, Denel SOC Ltd, DRDO, Griffon Aerospace, Kadet Defence Systems, Kratos Defense & Security Solutions, Inc., Leonardo S.p.A., Lockheed Martin Corporation, Northrop Grumman, QinetiQ, Robonic Ltd Oy, and SCR, Sistemas de Control Remoto, among others. These companies are aiming for a wide range of product demonstrations and launches to expand their operations and increase their market presence globally.