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Target Drones Market by Engine Type, End-user, Platform, Target Type and Region - Global Forecast to 2022

Target Drones Market: Target until 2022

  • April 2017
  • 186 pages
  • ID: 5049474
In this report:
The customized fit segment was valued at USD ##.## billion in 2016, and is expected to reach USD ##.## billion by 2022, at a CAGR of ##.##% from 2016 to 2022.
The APAC target drones market is expected to record a CAGR of ##.##% during the forecast period, owing to increasing investments made by China and India to enhance their defense capabilities.

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"Target Drones offer a solution for threat simulation trainings"

The target drones market is forecasted to grow from ~$3.8B in 2016 to ~$6.2B by 2022, at a compound annual growth rate of ~8.6 percent from 2016 to 2022. The increase of the target drones market can be primarily attributed to factors, including increased emphasis on enhanced military training and several advantages of target drones over manned target vehicles. Nevertheless, lack of skilled and trained personnel to operate and control target drones may restrain the increase of this market.

"The sub-scaled market segment is estimated to result the target drones market in 2016"

Established on target type, the sub-scaled segment is estimated to result the target drones market in 2016. The increase of this segment can be accredited to the increased procurement of sub-scaled aerial target drones by armed forces across the world because advanced capabilities in simulating the threat scenario at comparatively low-cost.

"The linefit segment is intended to witness more significant rise during the outlook period"

Established on fit, the linefit is forecasted to witness the highest increase from period 2016 to 2022. Owing to limited defense budget allocation in emerging countries, customization of fighter aircraft is not feasible, as most of the emerging countries procure fighter aircraft from the United States (USA) and Russian Federation, and cannot afford to convert them into aerial targets. Therefrom, target drones are mainly linefitted.

"North America (NA) is intended to be the largest industry for target drones in 2016"

Established on area, North America continent is forecasted to be the biggest market for target drones in 2016. The United States is the only country converting old fighter aircraft into aerial targets to help in simulating real-time threat scenarios for military anti-aircraft and missile testing training exercises. The U.S. Air Force is planning to convert a total of 126 units of F-16 into QF-16 target drones. The U.S.A is a main procurer of sub-scaled aerial targets. Kratos' unmanned combat aerial target vehicles business is anticipated double in next two year, established on the contracts awarded to the company by the U.S. Air Force.

Distribution of profile of primary members taking part in the target drones market:

• By Company category - Tier 1 - 30.0 percent, Tier 2 - 35.0 percent, and Tier 3 - 35.0 percent

• By Description - C-suite - 32.0 percent, D-level - 38.0 percent, and Others - 30.0 percent

• By Area - North America (NA) - 27.0 percent, EU - 18.0 percent, Asia-Pac - 46.0 percent, and rest of the world - 9.0 percent

Main firms decribed in the study contain The Boeing Company, Northrop Grumman (NYSE:NOC), QinetiQ Group plc, Kratos Defense & Security Solutions, Incorporated, Saab (STO:SAAB-B), Lockheed Martin (LMT), Airbus Group, Leonardo S.p.A., ASV Global, and AeroTargets International, LLC.

Segment Research

This market report classifies the target drones market established on engine type (internal combustion engines, jet engines, and others), end-user (defense, homeland security, and commercial), fit (linefit and customized fit), platform (aerial targets, ground targets, underwater targets, and sea surface targets), and target type (full scaled, Sub-Scaled, towing, free flying and sub-scaled). These segments and sub-segments were mapped across main regions, that is, North America continent, Europe (EU), Asia Pacific (APAC), MENA and Rest of the globe

Why acquiring this study can help you:

From an insight prospect, this market research focused on different levels of analyses -industry review, market share research of top players, supply chain research, and company descriptions, which together comprise and examine basic views on the competitive landscape, coming out and high-growth segments of the target drones market, high-growth areas, and sector drivers, market restraints, opportunities, and alternatives.

This study furnishes highlights on the following points:

• Market Uptake: Exhaustive data on target drones provided by key players in the sector

• Product Development/Innovative products: In-depth understanding on up-on-coming technologies, analysis & growth activities, and recent product launches in the target drones market

• Market Development: Highlighted information about lucrative sectors - the market research examines the target drones market across different regions

• industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the target drones market

• opposing assessment: Detailed assessment of market shares, increase strategies, products, and manufacturing competences of key players in the target drones market

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