Target Drones Market: Increased Demand from the Defense Industry to Influence Market Growth

Target Drones Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025” is a brand new market intelligence study that has been included to the extensive and rich repository of Transparency Market Research. The publication studies and explores the international vendor landscape of the target drones market. Taking help and cue from an elaborate market insight, this study of target drones makes an offering of an all-inclusive evaluation of the market for target drones. The publication further gauges the ongoing scenario of the said market. Based on optimistic and likely situations, the report also evaluates the growth prospects of the market for target drones that might appear in the years to come. The study report also underscores the current trends that are present in the international market for target drones together with its macro and micro economic directives.

Target drones refer to unmanned aerial vehicles which are controlled by a remote and are mostly utilized in the defense industry. Target drone popularly utilized in the defense industry mostly for the purpose of training in anti-aircraft warfare. They act as substitutes for aerial targets which are basically used in evaluation, testing, research and development. They also look like model aircraft which are radio-controlled. The present day target drones are utilized in countermeasures, radar, and similar systems in a bid to mimic the manned aircraft.

Surge in funds for the purpose of various training programs in the military across the world is forecasted to bolster the demand for target drones as they are being adopted increasingly in the defense sector for the purpose of training. In addition to that, increase in occurrences of maritime piracy, civil unrest, and political terrorism have increased the funds for the purpose of realistic military training. However, on the other hand, shortage of skilled and trained personnel to operate and regulate the target drones is being forecasted to restrain the market over the period of forecast.

In terms of geography the world market for target drones can be divided into the regions of South America, North America, Middle East & Africa, Asia Pacific, and Europe. The region of North America is anticipated to comprise the lion’s share of the world market for target drones over the timeframe of forecast owing to the surge in investment for the purpose of training programs in the defense sector and the rise in budget allocation for target drones in the United States. The region of Asia Pacific is further prognosticated to experience the a very high growth rate over the period of forecast from various emerging nations such as China and India owing to their developing and emerging air-based defense equipment so as to diminish expenditure in the imports.

Some of the market participants which are operating in the international market for target drones are ASV Global, AeroTargets International, LLC, The Boeing Company, Lockheed Martin Corporation, QinetiQ Group plc, Security Solutions, Inc., Saab AB, Kratos Defense, Leonardo S.p.A., and Northrop Grumman Corporation.


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