Target Drones Market: A Growing Industry with Promising Prospects (2022 - 2027)

1
Target Drones Market A Growing Industry with
Promising Prospects (2022 - 2027)
According to a research report published by
MarketsandMarkets, the Target Drones Market is
projected to reach USD 6.4 billion by 2027, with
a compound annual growth rate (CAGR) of 7.4
from 2022 to 2027. The report provides a
comprehensive
factors market, sectors,
analysis of various
influencing including
the end-use

• payload capacity, mode of operation, engine
  type, and geographical regions. In this blog
  post, we will delve deeper into the key findings
  of the report and highlight the significant
  trends shaping the target drones industry.
• Download PDF Brochure _at_ https//www.marketsandmar
  kets.com/pdfdownloadNew.asp?id115334135 Payload
  Capacity Meeting Diverse Application
  Requirements
• The report highlights the importance of payload
  capacity in the target drones market. Target
  drones with medium payload capacity (20 kg to 40
  kg) are expected to dominate the market during
  the forecast period. These drones are equipped
  with various payloads, such as identification
  friend or foe, radar augmentation, infrared
  augmentation, and electronic payloads.
  Applications like target and decoy,
  reconnaissance, and combat training require
  additional components to enhance the
  effectiveness of these drones. The integration of
  passive and active radar augmentation,
  electronic payloads, GPS navigation, and advanced
  camera systems enables target drones to perform
  complex functions, contributing to their growing
  popularity.
• Mode of Operation Remote Control Takes the Lead
• The report categorizes target drones into three
  modes of operation autonomous, remotely
  piloted, and optionally piloted. Remotely piloted
  drones currently hold the highest market share.
  With advancements in connectivity technology,
  target drones can be operated remotely or
  autonomously through pre-programmed functions.
  Remotely piloted drones offer better control and
  mitigate the risks associated with program
  failure, which are more prevalent in autonomous
  drones. Additionally, some target drones are
  designed with the option of both remote and
  autonomous operation, known as optionally
  piloted drones.
• Engine Type Jet Engines Powering Growth
• Among the different engine types, jet engines
  dominate the target drones market. Jet-powered
  drones have a higher power-to-weight ratio
  compared to internal

2
combustion engines (IC), making them more
efficient for a wide range of applications. The
report states that the jet engines segment led
the market in 2022 and is projected to maintain
its dominance, recording the highest CAGR of 7.8
from 2020 to 2027. The superior performance and
capabilities offered by jet engines contribute to
their widespread adoption in the target drones
market. Geographical Analysis North America at
the Forefront North America emerges as the
leading region in the target drones market,
projected to grow at a rate of 7.8 during the
forecast period. The United States, in
particular, focuses on the development of
unmanned aerial vehicles (UAVs) that can be
integrated into its naval fleet. The commercial
sector in North America also presents growth
opportunities for the target drones market, as
indicated by the expected increase in the
commercial drone fleet from 42,000 drones in 2016
to approximately 442,000 drones by 2021,
according to the Federal Aviation Administration
(FAA). Key Market Players Driving Innovation and
Expansion The target drones market is highly
competitive, with key players actively engaged in
new product development, global expansion, and
strategic partnerships. QinetiQ Group plc,
Kratos Defense Security Solutions, Inc., Airbus
Group, Northrop Grumman Corporation, and Boeing
Company are some of the prominent companies in
the industry. These players focus on launching
technologically advanced and cost- effective
platforms and infrastructure solutions to gain a
competitive edge in the target drones
market. Ask for Sample Report _at_ https//www.market
sandmarkets.com/requestsampleNew.asp?id115334135
About MarketsandMarkets MarketsandMarkets is
a blue ocean alternative in growth consulting and
program management, leveraging a man-machine
offering to drive supernormal growth for
progressive organizations in the B2B space. We
have the widest lens on emerging technologies,
making us proficient in co-creating supernormal
growth for clients. The B2B economy is witnessing
the emergence of 25 trillion of new revenue
streams that are substituting existing revenue
streams in this decade alone. We work with
clients on growth programs, helping them monetize
this 25 trillion opportunity through our
service lines - TAM Expansion, Go-to-Market (GTM)
Strategy to Execution, Market Share Gain,
Account Enablement, and Thought Leadership
Marketing. Contact Mr. Aashish Mehra
MarketsandMarkets INC. 630 Dundee Road Suite
430 Northbrook, IL 60062 USA 1-888-600-6441