Target Drone Market was valued at USD 2.5 Billion in 2022 and is projected to reach USD 6.0 Billion by 2030, growing at a CAGR of 12.0% from 2024 to 2030.
From 2023 to 2033, the outlook for the target drone market is expected to shift, with new trends emerging and reshaping demand. One of the major factors driving future growth is the increasing demand for unmanned systems across various sectors. This includes military training, tactical drills, and the expanding use of target drones for anti-aircraft missile tests. Additionally, advances in artificial intelligence (AI) and machine learning (ML) are expected to enhance the precision of target drones, leading to higher adoption rates. Innovations such as autonomous flight and integrated technologies in drones are expected to transform their usage, offering more sophisticated training options for defense personnel. Furthermore, governments in both emerging and developed economies are investing in advanced defense capabilities, which will likely increase the demand for target drones in the coming decade.
The target drone market is poised for substantial growth as countries worldwide focus on modernizing their military equipment. In the coming years, it is anticipated that these drones will also be used in new fields such as civilian security applications, where surveillance and reconnaissance capabilities could be leveraged for broader purposes. These developments are anticipated to drive both the commercial and defense sectors to invest heavily in the evolution of target drone technology. The upcoming decade promises a dynamic expansion in the market, driven by continuous advancements in drone capabilities, strategic investments, and an increasing range of applications.
Get an In-Depth Research Analysis of the Global Target Drone Market Size And Forecast [2025-2032]
The target drone market has witnessed significant changes between 2018 and 2022, with technological advancements and increasing military investments fueling its growth. The demand for target drones has been primarily driven by the defense sector, with nations expanding their defense capabilities and adopting modern military technologies. Over these years, target drones have evolved to be more accurate, versatile, and cost-effective, aiding in combat training and missile testing. The global rise in defense budgets and military modernization efforts has accelerated the adoption of these drones. Governments across the world have recognized the importance of target drones for training exercises and weapons testing, making them indispensable in defense strategy.
Lockheed Martin Corporation
The Boeing
Northrop Grumman Corporation
Griffon Aerospace
BAE Systems
BSK Defense S.A
Kratos Defense and Security Solutions
Aerotargets International
Rotron Power
Tasuma(UK)
Meggit PLC
RMS s.a. Technology
Denel SOC
Equipaer Industria Aeronautica
Amjet-u Tech
Air Affairs Australia
P.B Aviation
Textron
Turkish Aerospace Industries
Airbus Group
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
Get Discount On The Purchase of the Global Target Drone Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the Global Target Drone Market
Military
Aerospace
Science Research
Others
Based on Types the Market is categorized into Below types that held the largest Target Drone market share In 2023.
Piston Engine
Wankel Engine
Turboprop
Turbojet
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
For More Information or Query, Visit @ Target Drone Market Research Analysis
1. Introduction of the Global Target Drone Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Target Drone Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Target Drone Market, By Type
6. Global Target Drone Market, By Application
7. Global Target Drone Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Target Drone Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Global Research and Consulting firm servicing over 5000+ global clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/