Target Drone Market: Strengthening National Security Activities to Drive the Demand | BIS Research

FREMONT, Calif. - July 7, 2021 - PRLog -- The target drone technology and products have been used widely by various countries since the second world war. The technological advancements in terms of payload, platform, target type, speed of aerial target drones, mode of operation have increased the growth of the global target drone market in the defense and homeland sectors exponentially. The technology used in the target drones undergoes continuous changes and advancements to reach the demands of the market. Majorly driven by the increase of importance in realistic combat training for military personnel and air defense systems due to factors such as cross-border terrorism, smuggling activities, and maritime policies, the global target drone market is expected to be dominated by aerial target drones. The target drones serve a wide range of applications such as combat training, target and decoy, target identification, and target acquisition. The target drones are mostly procured by the Air Forces of several nations and are often equipped with augmentation payloads to mimic real threats.

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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.