Target drone market is anticipated to grow at a CAGR of 7.1% during the forecast period. The increasing military and defense expenditure that focuses on military training in emerging economies is one of the key factors driving the growth of the global market. The rising number of patent and innovation registrations in various developing countries is further contributing to the growth of the target drone market. In June 2022, the FIFA World Cup in Qatar announced that it is set to see a series of drones deployed around stadiums to protect the event from terrorism and provide additional security to venues. The unmanned remotely controlled UAVs will target “rogue” drones using technology provided by Fortem Technologies, following an agreement to deploy the equipment between the company and the Ministry of Interior of Qatar. Deploying such technology reflects the current fears that hostile drones could be used in a terrorist attack, with commercially available drones easily adapted to carry explosives or other harmful substances.
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The COVID-19 pandemic has not made a significant impact on the growth of the global target drone market. As these drones find their use in the defense sector and no country in this world will or is ready to compromise with its external security so special permissions were given by the government to the manufacturers and operators of these drones to continue their work from their offices. So, this industry is working at its normal pace as it was working before the pandemic situation.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Target Drone Market Report by Segment
By Target
- Aerial Target
- Ground Target
- Marine Target
By Mode of Operation
- Autonomous Target Drone
- Remotely Operated Target Drone
By End-User
- Defense
- Commercial
Global Target Drone Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global target drone market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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