Global Target Drone Market was valued at USD 4.2 billion in 2019 which is expected to reach USD 6.5 billion by 2030 at a CAGR 7.8%. Target drones are the remote controlled unmanned aerial vehicles (UAVs), which are used for training individuals in anti-aircraft crew. They are used in various industries including homeland security, commercial, and defense. Target drones are used as arial target, sea target, underwater target and ground target.
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Key Players:
· Saab Ab, Air Affairs Australia Pty Ltd, Bsk Defense S.A, Leonardo S.P.A., Lockheed Martin Corporation Airbus Group, Kratos Defense & Security Solutions, Inc, Northrop Grumman Corporation, and Qinetiq Group Plc.
Top Regional scope:
· NorthAmerica
· Asia Pacific
· Europe
· Latin America
· Middle East
By Drivers, Global Target Drone Market:
· Rise in defense budget in developing countries is the key driving factor which is expected to boost the global target drone market growth. Further, increase in importance of military training will have the growth of global target drone market during this forecast period. Also, increase in demand of target drones over manned target vehicles may fuel the growth of global target drone market. Moreover, increase in demand for target drones for homeland security applications which is expected to drive the global target drone market growth.
By Restraints, Global Target Drone Market:
· However, lack of sustainable power sources to improve endurance of drones is the major restraining factor which is expected to hamper the global target drone market growth. Also, lack of skilled professionals will affect the global target drone market growth.
Market Segments:
· Global Target Drone Market is segmented into engine type such as Jet Engine, Internal Combustion Engine, and Others, by target type such as Sporting, Defense, Free Flying, Towing, Full-Scaled, and Sub-Scaled. Further, Global Target Drone Market is segmented into platform such as Sea Surface, Arial, Ground, and Underwater, by end user such as Commercial, Homeland Security, and Defense.
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By Types:
- Jet Engine Internal Combustion Engine
· Others
By End Users:
- Commercial Homeland
- Security Defense
Client Attention:
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· Primary research, secondary research, qualitative research, and quantitative research are some of the several kinds of market research.
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· Secondary research involves gathering information from already published sources, such online databases, industry journals, and market reports.
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