Target Drones Market worth 6.20 Billion USD by 2022 - PowerPoint PPT Presentation

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Target Drones Market worth 6.20 Billion USD by 2022

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The target drones market is projected to grow from USD 3.79 Billion in 2016 to USD 6.20 Billion by 2022, at a CAGR of 8.55% during the forecast period. – PowerPoint PPT presentation

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Title: Target Drones Market worth 6.20 Billion USD by 2022


1
Target Drones Market worth 6.20 Billion USD by
2022 ? Exclusive Market Report by Markets and
Markets. The target drones market is projected to
grow from USD 3.79 Billion in 2016 to USD 6.20
Billion by 2022, at a CAGR of 8.55 during the
forecast period. Rising incidents of political
violence, maritime piracy, terrorism,
insurgency, and civil unrest have led to
increased investments in the field of realistic
military training and simulation. The rise in
funding for military training programs in
several countries across the globe is expected
to consequently drive the demand for target
drones, as these drones are increasingly being
adopted in military training activities. View
detailed Table of Content here
http//www.marketsandmarkets.com/Mar
ket-Reports/target-drone-market-
115334135.html Based on engine type, jet engines
is projected to be the fastest-growing segment
of the target drones market during the forecast
period The jet engines segment is expected to
witness the highest growth during the forecast
period. Jet engines are preferred over other
engine types by manufacturers of target drones.
Jet engines offer higher power-to-weight ratio
as compared to piston engines and provide
reliability, particularly in applications
wherein sustained high power output is
required. Based on end user, the defense segment
of the target drones market is projected to
witness the highest growth from 2016 to
2022 Based on end user, the target drones market
has been segmented into defense, homeland
security, and commercial. The defense segment is
projected to witness the highest growth during
the forecast period. Target
2
drones are being rapidly adopted by defense
agencies across the globe, owing to the benefits
they provide to armed forces. Target drones offer
a solution for all aspects, such as realism,
cost, and operational effectiveness, of threat
simulation, which helps improve the overall
effectiveness of training. North America is
estimated to be the largest market for target
drones in 2016 The target drones market in North
America is expected to witness the highest
growth during the forecast period, owing to the
increased defense expenditure in training
programs and the rise in budget allocated for the
procurement of target drones in the U.S. Key
players operating in the target drones market are
The Boeing Company (U.S.), QinetiQ Group plc
(U.K.), Northrop Grumman Corporation (U.S.),
Kratos Defense Security Solutions, Inc. (U.S.),
Airbus Group (Netherlands), Lockheed Martin
Corporation (U.S.), Leonardo S.p.A. (Italy), Air
Affairs Australia Pty Ltd. (Australia), Saab AB
(Sweden), ASV Global (U.K.), and AeroTargets
International, LLC (U.S.). Dont miss out on
business opportunities in Target Drone Market.
Speak to our analyst and gain crucial industry
insights that will help your business
grow. About MarketsandMarkets MarketsandMarkets
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