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Target Drones Industry Soars to $6.4 Billion by 2027

The Target drones Market is projected to grow from USD 4.5 billion in 2022 to USD 6.4 billion by 2027, at a CAGR of 7.4% from 2022 to 2027.

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Target Drones Industry Soars to $6.4 Billion by 2027

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  1. (/) Target Drones Market CONTACT US (/CONTACTUS.ASP) Sign In (https://www.marketsandmarkets.com/signin.asp) REPORTS (/TOP-MARKET-REPORTS.ASP) ABOUT MNM PRESS RELEASES (/PRESS-RELEASE-2.HTML) Search Reports HOME (/) CAREER (/CAREER.ASP) RESOURCE CENTER HOME (/)› PRESS RELEASES (/PRESS-RELEASE-2.HTML)› Target Drones Industry worth $6.4 billion by 2027 7500+ COMPANIES WORLDWIDE APPROACH US EVERY YEAR FOR THEIR REVENUE GROWTH INITIATIVES KNOW MORE Target Drones Industry worth $6.4 billion by 2027 (/Knowledgestore.asp) VIEW FULL TABLE OF CONTENTS (HTTPS://WWW.MARKETSANDMARKETS.COM/MARKET-REPORTS/TARGET- DRONE-MARKET-115334135.HTML) METHODOLOGY (HTTPS://WWW.MARKETSANDMARKETS.COM/MARKET-REPORTS/TARGET-DRONE-MARKET- 115334135.HTML) DOWNLOAD PDF (/PDFDOWNLOADNEW.ASP?ID=115334135) According to a research report "Target drones Market (https://www.marketsandmarkets.com/Market- Reports/target-drone-market-115334135.html) by End-use Sector (Defense, Commercial), End Use (Aerial Targets, Ground Targets, Marine Targets), Application, Mode of Operation, Payload Capacity, Build, Target Type, Engine Type, Speed, Type and Region - Global Forecast to 2027" published by MarketsandMarkets, the Target drones Market is projected to grow from USD 4.5 billion in 2022 to USD 6.4 billion by 2027, at a CAGR of 7.4% from 2022 to 2027. The advent of target drones in terms of compact designs and recovery systems, is one of the major driving factor for the demand of target drones market. Browse 177 market data Tables and 50 Figures spread through 201 Pages and in-depth TOC on "Target drones Market by End-use Sector (Defense, Commercial), End Use (Aerial Targets, Ground Targets, Marine Targets), Application, Mode of Operation, Payload Capacity, Build, Target Type, Engine Type, Speed, Type and Region - Global Forecast to 2027" View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/target-drone-market- 115334135.html (https://www.marketsandmarkets.com/Market-Reports/target-drone-market-115334135.html) By payload (https://www.marketsandmarkets.com/PressReleases/satellite-payload.asp) capacity, the Medium (20 kg to 40 kg) segment is expected to lead the market during the forecast period On the basis of payload capacity, the target drones market has been segmented into high (>40 kg), medium (20 kg to 40 kg), and low (<20 kg). Owing to the growing applications of these target drones, they are equipped with payloads such as identification friend or foe, passive & active radar augmentation, infrared augmentation, and electronic payloads, among others. The use of target drones in applications such as target & decoy, reconnaissance, and combat training requires additional components to make them more effective in operations. These target drones are equipped with passive & active radar augmentation, electronic payloads, GPS navigation, and several types of cameras. With the increasing efforts to make military training more realistic, these payloads are used to help drones perform functions in the above-mentioned applications By mode of operation, the remotely piloted segment has the highest share in the forecasted period We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info (https://www.marketsandmarkets.com/Privacy-12.html). X

  2. On the basis of mode of operation, the target drones market has been segmented into autonomous, remotely piloted, and optionally piloted. With growing advancements in connectivity technology, target drones can be operated remotely or autonomously with preprogrammed functions. Some target drones are designed with the option of both, remote as well as autonomous operation. These are known as optionally piloted drones. Most target drones that are currently being developed are remotely piloted. These drones offer better control and mitigate the risks of program failure that is prevalent in autonomous drones. Sign In (https://www.marketsandmarkets.com/signin.asp) HOME (/) PRESS RELEASES (/PRESS-RELEASE-2.HTML) REPORTS (/TOP-MARKET-REPORTS.ASP) CONTACT US (/CONTACTUS.ASP) (/) CAREER (/CAREER.ASP) Jet engines segment has the highest share in the forecasted period On the basis of the engine type, the target drones market has been segmented into internal combustion (IC), jet, and others (electric motors, microturbine engines, and free-flying). Based on engine type, the jet engines segment led the target drones market in 2022. This segment was valued at USD 3494 million in 2022 and is projected to reach USD 5090 million by 2027, recording the highest CAGR of 7.8% from 2020 to 2027 . The segment is expected to lead the market, as most target drones are powered by jet engines, which have a higher power-to- weight ratio compared to IC engines. North America has the highest share in the forecasted period. The North America Unmanned Aerial Target market is projected to grow at the highest rate of 7.8% during the forecast period. The US navy is focusing on the development of UAVs that can be integrated with its naval fleet. In August 2018, Boeing was awarded a contract worth USD 805 million to develop and build the MQ-25, an aerial refueling tanker. Along with the military sector, the commercial sector is also expected to offer growth opportunities for the target drones market during the forecast period. According to the Federal Aviation Administration (FAA), the commercial drone fleet of the US is expected to grow from 42,000 drones in 2016 to about 442,000 drones by 2021. Key players in the target drones market include QinetiQ Group plc (UK), Kratos Defense & Security Solutions, Inc. (US), Airbus Group (Netherlands), Northrop Grumman Corporation (US), and Boeing Company (US). The players are largely focused on new product development and launches, and having a strong global presence will help them gain a competitive advantage in the target drones industry. These companies are concentrating their efforts on breaking into new markets by launching technologically superior and cost-effective platforms and infrastructure solutions. These companies, in addition to new product releases and advances, have adopted partnership, contracts and agreement strategy. Don’t miss out on business opportunities in Target drones Market. Speak to our analyst and gain crucial industry insights that will help your business grow. (https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=115334135) About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info (https://www.marketsandmarkets.com/Privacy-12.html). X

  3. annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. (/) MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. CONTACT US (/CONTACTUS.ASP) Sign In (https://www.marketsandmarkets.com/signin.asp) REPORTS (/TOP-MARKET-REPORTS.ASP) HOME (/) PRESS RELEASES (/PRESS-RELEASE-2.HTML) CAREER (/CAREER.ASP) Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com (mailto:sales@marketsandmarkets.com) Report Code AS 5186 PR Published ON 7/21/2022 ? REQUEST FREE SAMPLE REPORT (/requestsampleNew.asp?id=115334135) CHOOSE LICENSE TYPE Single User - $4950 Corporate License - $8150 BUY NOW (/Purchase/purchase_reportNew.asp?id=115334135) Request New Version (/RequestNewVersion.asp?id=115334135) Inquire Before Buying (/Enquiry_Before_BuyingNew.asp?id=115334135) We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info (https://www.marketsandmarkets.com/Privacy-12.html). X

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