According to a recent Emergen Research study, the Global Target Drones Market will be worth USD 7.26 billion by 2027. To name a few of the key factors influencing market growth, there is growing adoption of Target Drones by defense agencies and intelligence bureaus, newer use cases of drones in commercial sectors, and advancement in camera and battery technology. Furthermore, an increase in cross-border conflict, an increase in the number of existing military monitoring and control technology and their further upgradation based on specific needs, asymmetric warfare, and intercountry border conflicts are some of the additional factors driving the market’s remarkable growth.
Target drones must be more maneuverable to simulate a real-world war environment, necessitating the use of skilled personnel for remote piloting. Several drone accidents occur as a result of poor operator control. Efforts are currently being made to reduce such mishaps by increasing the autonomy of these drones and decreasing the degree of human-operator involvement. Various training programs are also being implemented to prepare pilots for the precise operation of drones, reducing the likelihood of drone accidents.
The scope of the report includes detailed information about the major factors influencing the growth of the ground support equipment market, such as drivers, restraints, challenges, and opportunities. A thorough examination of the key industry players has been conducted to provide insights into their business overviews; solutions and services; key strategies; contracts, joint ventures, partnerships and agreements, acquisitions, and new product launches related to the ground support equipment market.
Further key findings from the report suggest
Drone Aviation Holding Corp. announced its merger with ComSovereign Corp. in December 2019, a US-based consortium of 5G telecommunications radio, power systems, and silicon photonics designed for the next generation of global networks.
Increased investment in camera system R&D and a focus on modification have resulted in a notable number of use cases and remarkable growth in the Target Drones market. In 2019, the Camera sub-segment in the type segment held 41.2% of the market.
The Asia Pacific regions, led by China, India, and South Korea, are allocating significant budgets for defense and law enforcement training. Furthermore, rising incidences of interpersonal conflict, asymmetric warfare, terrorist activities, and preparation for future battles, as well as increased economic development and advancement in the manufacturing industry and semiconductor solutions, all help to propel market enforcement.
Airbus, The Boeing Company, Lockheed Martin Corporation, Skyrocket Toys LLC, Guangdong Cheerson Hobby Technology Co., Ltd, Hubsan Technology Company Ltd., Prox Dynamics, Microdrones, Aerix Drone, and Acumen Robot Intelligence (ARI), among others, are among the key players.
For this report, Emergen Research has segmented the global Target Drones Market based on Payload, End-Users, Type, and Region:
Payload Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
- Camera & Explosives
- Control Systems
- Tracking Systems
End-Users Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Type Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
- Fixed Wing
- Rotary Wing
Regional Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
- North America
- the U.S.
- the UK
- the Asia Pacific
- South Korea
- North Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Saudi Arabia
- Rest of MEA