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Target Drones offer a solution for threat simulation trainings
The target drones market is projected to grow from USD 3.79 billion in 2016 to USD 6.20 billion by 2022, at a CAGR of 8.55% from 2016 to 2022. The growth of the target drones market can be mainly attributed to factors, such as increased emphasis on enhanced military training and various advantages of target drones over manned target vehicles. However, lack of skilled and trained personnel to operate and control target drones may restrain the growth of this market.
The subscaled market segment is estimated to lead the target drones market in 2016
Based on target type, the subscaled segment is estimated to lead the target drones market in 2016. The growth of this segment can be attributed to the increased procurement of subscaled aerial target drones by armed forces across the globe because advanced capabilities in simulating the threat scenario at comparatively lowcost.
The linefit segment is projected to witness highest growth during the forecast period
Based on fit, the linefit is projected to witness the highest growth 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 U.S. and Russia, and cannot afford to convert them into aerial targets. Hence, target drones are majorly linefitted.
North America is estimated to be the largest market for target drones in 2016
Based on region, North America is estimated to be the largest market for target drones in 2016. The U.S. is the only country converting old fighter aircraft into aerial targets to help in simulating realtime threat scenarios for military antiaircraft and missile testing training exercises. The U.S. Air Force is planning to convert a total of 126 units of F16 into QF16 target drones. The U.S. is a major procurer of subscaled aerial targets. Kratos' unmanned combat aerial target vehicles business is anticipated double in next two year, based on the contracts awarded to the company by the U.S. Air Force.
Breakup of profile of primary participants in the target drones market:
By Company Type Tier 1 30%, Tier 2 35%, and Tier 3 35%
By Designation C Level 32%, Director Level 38%, and Others 30%
By Region North America 27%, Europe 18%, AsiaPacific 46%, and RoW 9%
Major companies profiled in the report include The Boeing Company U.S., Northrop Grumman Corporation U.S., QinetiQ Group plc U.K., Kratos Defense Security Solutions, Inc. U.S., Saab AB Sweden, Lockheed Martin Corporation U.S., Airbus Group Netherlands, Leonardo S.p.A. Italy, ASV Global U.K., and AeroTargets International, LLC U.S..
This research report categorizes the target drones market based 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, SubScaled, towing, free flying and subscaled. These segments and subsegments were mapped across major regions, namely, North America, Europe, AsiaPacific, MENA and Rest of the World RoW
Reasons to buy this report:
From an insight perspective, this research report focused on various levels of analyses industry analysis industry trends, market share analysis of top players, supply chain analysis, and company profiles, which together comprise and discuss basic views on the competitive landscape, emerging and highgrowth segments of the target drones market, highgrowth regions, and market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
Market Penetration: Comprehensive information on target drones offered by top players in the market
Product Development/Innovation: Detailed insights on upcoming technologies, research development activities, and new product launches in the target drones market
Market Development: Comprehensive information about lucrative markets the report analyzes the target drones market across varied regions
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the target drones market
Competitive Assessment: Indepth assessment of market shares, growth strategies, products, and manufacturing capabilities of leading players in the target drones market
Original Article: Target Drones Market by Engine Type IC, Jet, others, Enduser Defense, Homeland Security, Commercial, Platform Aerial, Ground, Underwater, and Sea Surface, Target Type Full Subscaled, Free Fly, Tow, Sport and Region Global Forecast to 2022 [Report UpdateNEXT ARTICLE