Vancouver, BC -- (SBWire) -- 01/22/2021 --Target drones can be used as a bull's-eye in military training and tests and anti-aircraft crews. A target drone is usually controlled by the remote and it is an unmanned aerial vehicle. When in their simplest form, target drones may resemble the radio-controlled model aircraft. To mimic the manned aircraft, the modern drones radar, countermeasures, and similar kind of systems. Older missiles with removed warheads are used to create advanced drones. Unmanned Aerial Target or UAT is another name for target drones. During the forecast, period, by 2027, the global target drones market is estimated to reach USD 7.26 billion.
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Key players in the Airbus, The Boeing Company, Lockheed Martin Corporation, Skyrocket Toys LLC, Guangdong Cheerson Hobby Technology Co., Ltd, Hubsan Technology Company Ltd., Prox Dynamics, Microdones, Aerix Drone, and Acumen Robot Intelligence (ARI), among others.
The global market landscape of Target Drones is expected to remain in a very competitive and highly consolidated landscape consisting of a number of both the small start-ups, medium enterprises, and large conglomerates. During the projected era, increasing demand for technological development and higher diversification in offered products ensure the enormous potential for the innovative players.
Target Drones Market: Market Drivers
The global target drones market is projected to grow at a CAGR of 7.6%. There are many reasons responsible for the global market growth and one such reason is the commercial use of drones. Another key factor is the adoption of the target drones by the intelligence bureau and defense agencies. The advancement in battery and camera technology is also boosting the market sales at the global level. Owing to the benefits that they offer to the armed forces, these target drones are widely used in military agencies.
Payload Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Camera & Explosives
Control Systems
Tracking Systems
Others
End-Users Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Military
Commercial
Type Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Fixed Wing
Rotary Wing
Target Drones Market: Regional Outlook
The global market is highly competitive. During the forecast period, the North America region is projected to lead the global target drones market. For military training programs, the procurement of state-of-the-art systems has increased, thereby boosting the growth rate in the Asia Pacific region. Both new and established key players are responsible for the significant growth in this region owing to the strategic initiatives and alliances undertaken and technological advancements.
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An increasing investment in the R&D of the camera systems & major focus on its modification have created a mentionable number of use cases and remarkable growth in the Target Drones market. The Camera sub-segment in the type segment had 41.2% market share in the year 2019.
Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Target Drones Market Segmentation & Impact Analysis
4.1. Target Drones Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Growing emphasis on homeland security
4.2.2.2. Asymmetric warfare and interpersonal relationships among countries
4.2.2.3. Increasing adoption of the target drones by military bodies
4.2.3. Market restraints analysis
4.2.3.1. Regulatory hurdles & higher cost associated to it
4.2.3.2. Inefficient research methodologies
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter's Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Target Drones Market By Payload Insights & Trends, Revenue (USD Billion) (Thousand Units)
5.1. Payload Dynamics & Market Share, 2019 & 2027
5.1.1. Camera & Explosives
5.1.2. Control Systems
5.1.3. Tracking Systems
5.1.4. Others
Chapter 6. Target Drones Market By End-Users Insights & Trends Revenue (USD Billion) (Thousand Units)
6.1. End-Users Dynamics & Market Share, 2019 & 2027
6.1.1. Military
6.1.2. Commercial
Chapter 7. Target Drones Market By Type Insights & Trends Revenue (USD Billion) (Thousand Units)
7.1. Type Dynamics & Market Share, 2019 & 2027
7.1.1. Fixed Wing
7.1.2. Rotary Wing
Continue…!
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Target Drones Market Revenue, Statistics, Industry Growth and Demand Analysis Research Report by 2027 : Airbus, the Boeing Company, Lockheed Martin Corporation, Skyrocket
The higher emphasis on the incorporation of the Target-drones in military bodies and extensive rise in investment in the defense & homeland security & intelligence bodies are the major factors influencing the market growth.