Target Drones Market Scope, Trends, Analysis and Forecast 2020 - 2025 - PowerPoint PPT Presentation

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Target Drones Market Scope, Trends, Analysis and Forecast 2020 - 2025

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Target Drones Market is estimated at $4.4 billion in 2020 and is projected to reach $6.3 billion by 2025, at a CAGR of 7.6% from 2020 to 2025. – PowerPoint PPT presentation

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Title: Target Drones Market Scope, Trends, Analysis and Forecast 2020 - 2025


1
According to the new market research report the
Target Drones Market is estimated at 4.4 billion
in 2020 and is projected to reach 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.
The Target Drones Market report provides an
analysis of the market from 2018 to 2025. It
discusses industry and technology trends
prevailing in the market, along with the
drivers, restraints, challenges, and
opportunities. Download PDF Brochure
_at_ https//www.marketsandmarkets.com/pdfdownloadNew
.asp?id115334135 The 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
2
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 advanced techniques. An increase
in the applicability of target drones in the
military sector has propelled their demand 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. 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
Report _at_ https//www.marketsandmarkets.com/request
sampleNew.asp?id115334135 About
MarketsandMarkets MarketsandMarkets provides
quantified B2B research on 30,000 high growth
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platform, "Knowledgestore" connects over 200,000
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