Global Target Drones Market value $6.3 Billion By 2025

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The Global Target Drones Market is estimated at
USD 4.4 billion in 2020 and is projected to
reach USD 6.3 billion by 2025, at a CAGR of 7.6
from 2020 to 2025. Increasing RD investment and
better funding for military training programs are
key factors driving the growth of the Target
Drones Market. Target drones have evolved
significantly over time to become a crucial
aspect of military, naval, and aviation
operations. Increased RD investment and better
funding for military training programs are key
factors driving the growth of the target drones
market. Download PDF Brochure _at_ https//www.market
sandmarkets.com/pdfdownloadNew.asp?id115334135 Th
e aerial targets segment is projected to lead the
target drones market in 2020 The target drones
market has been segmented on the basis of end-use
sector, end use, application, mode of operation,
payload capacity, build, target type, engine
type, speed, type, and region. Based on end use,
the target drones market has been classified
into aerial targets, marine targets, and ground
targets. The aerial targets segment is estimated
to lead during the forecast period. This growth
of the segment is attributed to the wide
adoption of these drones in military practices
across the world to replicate enemy aircraft
threats. The defense segment is projected to lead
the target drones market Based on end-use sector,
the target drones market is segmented into
defense and commercial. The defense sector is
expected to lead and grow at a high CAGR during
the forecast period from 2020 to 2025. This
segment is further classified into military and
homeland security in the target drones market.
Target drones are used by military agencies
across the globe, owing to the benefits they
offer to armed forces. An increase in
budgetary constraints, a decline in the
recruitment of defense personnel, and an
increase in the procurement of defense equipment
by the US and European countries have
necessitated the need to develop cost-effective
solutions to accomplish military missions. These
factors are driving the target drones
market. Asia Pacific projected to have a high
growth rate in the target drones market during
the forecast period North America is estimated to
lead the target drones market across the forecast
period from 2020 to 2025. Asia Pacific is also
expected to have a high growth rate due to the
increasing procurement of state-of-the-art
equipment for military training programs. China
is increasing its defense budget to train its
military personnel using
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advanced techniques. An increase in the
applicability of target drones in the military
sector has propelled their demand in China.
Several manufacturers of target drones used for
aviation training exercises are based in
China. Similarly, the Indian government is
implementing new aviation policies to
manufacture aircraft components in India. The
Make in India policy has allowed 100 FDI in
the aerospace sector, which has attracted
international aviation companies to India. Such
policies have driven the demand for target drones
for aviation training exercises in the country.
For instance, Hindustan Aeronautics Limited, a
premier aircraft manufacturer in India, is
manufacturing an unmanned version of a
home-grown light combat aircraft (LCA) known as
Tejas. These developments have contributed to
the growth of the Indian target drones
market. Key Market Players The key players in the
target drones market are The Boeing Company (US),
QinetiQ Group plc (UK), Northrop Grumman
Corporation (US), Kratos Defense Security
Solutions, Inc. (US), Airbus Group (Netherlands),
Lockheed Martin Corporation (US), Leonardo
S.p.A. (Italy), BSK Defense S.A. (Greece), Air
Affairs Australia Pty Ltd (Australia), Saab AB
(Sweden), AeroTargets International, LLC (US), L3
ASV (UK), BAE Systems (UK), Raytheon (US),
General Dynamics Corporation (US), Almaz-Antey
(Russia), Thales (France), Embention (Spain),
Griffon Aerospace (US), and Denel Dynamics
(South Africa), among others. Ask for Sample
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