Target Drone Market - GLOBAL:2021

Market Report Coverage :
Start Year : 2021 - Forecast Year : 2031 - Start Value : $4,500.0 Million in 2021 - Forecast Value : $10,433.9 Million by 2031 - CAGR % : 0.09%
Description :
Market Report Coverage - Target Drone MarketMarket Segmentation• End users - Military, Homeland Security, and Defense Companies• Applications - Combat Training, Target and Decoy, Target Identification, Target Acquisition, and Others• Platform - Aerial, Marine, and Ground• Target type - Full scale, Sub-scaled, and Towed• Speed of aerial target drones - Subsonic, Transonic, Supersonic, and Hypersonic• Payloads - Flares, Passive and Active Radar Augmentation, Infrared Augmentation, Electronic Payloads, and OthersRegional Segmentation• North America - U.S. and Canada• Europe - U.K., France, Germany, Russia, Rest-of-Europe• Asia-Pacific - China, Japan, India, and Rest-of-Asia-Pacific• Rest-of-the-WorldMarket Growth Drivers• Increasing Adoption of Unmanned Systems for Military Operations• Advancements in Military Training to Simulate Real Combat ScenarioMarket Challenges• Lack of Skilled Workforce• Short Endurance of Target DronesMarket Opportunities• Growing Defense Budgets of Major Economies• Rising Deployment of Defense Systems in Emerging CountriesKey Companies ProfiledAeroTargets International LLC, Air Affairs Australia, Airbus S.A.S., Boeing, Denel SOC Ltd., Defence Research and Development Organization (DRDO), Griffon Aerospace, Kadet Defence Systems, Kratos Defense & Security Solutions, Inc., Leonardo S.p.A., Lockheed Martin Corporation, Northrop Grumman, QinetiQ, Robonic Ltd Oy, SCR, Sistemas de Control RemotoHow this Report Helps You Strategize• Product/Innovation StrategyThe product segment helps the reader in understanding the different types of aerial, ground, and marine target drones and their market potential globally. Moreover, the study provides the reader a detailed understanding of target drones with respect to speed (i.e.,, subsonic, transonic, supersonic, and hypersonic) and target type. Additionally, comprehensive coverage on payloads (qualitative data only) used by target drones for various applications has also been added in the study.• Growth/Marketing StrategyPlayers operating in the global target drone market are developing innovative products to enhance the capabilities of their product offerings. Growth/marketing strategies will help the readers in understanding the revenue-generating strategies adopted by the players operating in the global target drone market. For instance, in December 2020, the U.S. Navy awarded a $57 million contract to Northrop Grumman Corporation to manufacture Coyote supersonic targets. The contract could be worth $250 million for an additional 84 target vehicles in the coming years. Moreover, other strategies adopted by the market players will help the reader in making strategic decisions, such as go-to-market strategies.• Competitive StrategyPlayers analyzed and profiled in the study involve Original Equipment Manufacturers (OEMs) and component providers that capture maximum share in the global target drone market. Moreover, a detailed competitive benchmarking of the players operating in global target drone has been done that will help the reader to understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.Key questions answered in the Target Drone Market Report• What are the futuristic trends in this market, and how is the market expected to change over the forecast years 2021-2031?• What are the key drivers and challenges faced by the companies that are currently working in the global target drone market?• How is the market expected to grow during the forecast period 2021-2031?• What are the opportunities for the companies to expand their businesses in the global target drone market?• Which region is expected to be leading the global target drone market by 2031? • What are the key developmental strategies implemented by the key players to sustain in this highly competitive market?• What is the current and future revenue scenario of this market?• What is the competitive scenario of the key players in the global target drone market?• What are the emerging technologies that the key companies are focusing on to increase their market share?• What are the strengths and weaknesses of the companies that are influencing the growth of the market?Target Drone Technology Market Lifecycle StageTarget drones are unmanned vehicles that are generally used for the testing and development of military systems, combat training against manned and unmanned threats, and destruction tests on decoys that simulate the behavior of real threats. The target drones are hence used as a cost-effective alternative to the vehicles and systems used by the military forces of numerous countries.The very first use-case of an aerial target was developed by A.M. Low in 1916, the “Aerial Target” flown using radio control led to the implementation of unmanned vehicles to be used for various applications in the defense industry such as combat training, target and decoy, target identification, target acquisition, and identification of friend or foe.In the 1920s and 1930s, the remotely piloted target aircraft were used for target practice of battleship guns. Since then, technology has evolved continually and transformed the entire defense industry by developing unique products and systems. The latest trend in the target drones includes completely autonomous systems, hypersonic target drones that are difficult to track and acquire a target. The marine and ground-based technologies are likely to penetrate the niche markets and generate significant revenues in the future.Target Drone Technology Industry OverviewThe target drone technology and products have been used widely by various countries since the second world war. The technological advancements in terms of payload, platform, target type, speed, and mode of operation are driving use for target drones in defense and homeland security sectors in areas including combat training for military personnel, countering cross-border terrorism, smuggling activities, and maritime security.The global target drone market is estimated to reach $10,433.9 million in 2031, at a compound annual growth rate (CAGR) of 8.77% during the forecast period 2021-2031. The major driving factor for robust of the market will be because of increasing defense budgets by major countries for military modernization and strengthening national security activities.Impact of COVID-19 on Target Drone Technology MarketThe COVID-19 pandemic has restricted the growth of the market as the companies have lowered their research and development funding to develop innovative solutions. The key players in the U.S. and Europe were affected the most during the first wave of the COVID-19 and had to impose strict lockdowns to ensure the safety of their employees. This has affected the manufacturing and development of the target drones. However, with the vaccination process being implemented, the market is expected to grow gradually.Market SegmentationTarget Drone Technology Market (by Application)The application segment of the market is further categorized into combat training, target and decoy, target identification, target acquisition, and others. The combat training application is expected to be the front runner in the global target drone market, mainly to train the military personnel and gunnery systems by either destroying expendable drones or virtually eliminating the re-usable target drones with the help of laser technology.Target Drone Technology Market (by Platform)The platform segment of the target drone technology market is categorized into aerial, marine, and ground targets. Wherein, Aerial targets are estimated to dominate the global target drone market, due to their unique ability to mimic and simulate actual threats with the help of various payloads such as passive and active radar augmentation, infrared augmentation, and others.Target Drone Technology Market (by End-user)The end user market in target drone technology is segmented based on military, homeland security, and defense companies. The military end user segment consisting of the army, navy, and air force is expected to dominate the global target drone market, on account of major focus on military modernization activities for better combat training to increase the efficiency and performance of the personnel.Target Drone Technology Market (by Region)The data of major regions covered under the target drone technology includes North America, Europe, Asia-Pacific, and Rest-of-the-World. North America is expected to account for the highest share of the global target drone market, owing to a significant number of companies based in the region, increased spending by government organizations such as the U.S. Department of Defense (DoD) on procurement of drones for military applications.Key Market Players and Competition SynopsisSome of the original equipment manufacturers operating in the market include Airbus S.A.S., Boeing, Leonardo S.p.A., Lockheed Martin Corporation, Northrop Grumman, AeroTargets International LLC, Air Affairs Australia, Denel SOC Ltd, DRDO, Griffon Aerospace, Kadet Defence Systems, Kratos Defense & Security Solutions, Inc., QinetiQ, SCR, and Sistemas de Control Remoto, among others.In addition, there are certain component providers operating in the market, including BAE Systems, General Dynamics Corporation, Raytheon Technologies Corporation, Robonic Ltd Oy, Meggitt Defense Systems, and Safran.The companies that are profiled in the report have been selected post undergoing in-depth interviews with experts and understanding details around companies such as product portfolio, annual revenues, market penetration, research and development initiatives, and domestic and international presence in the target drone industry. Accordingly, a structured approach is followed which include segmenting pool of players under three mutually exclusive and collectively exhaustive parts, holding a 100% pie of the market.
Countries Covered :
North America U.S. CanadaEurope Germany Russia France U.K. Rest-of-EuropeAsia-Pacific China India Japan Rest-of-Asia-PacificRest-of-the-World
Keywords :
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Press Release :
The global target drone market value is projected to reach $10,433.9 Million by 2031, reveals the premium market intelligence study by BIS Research. The study also highlights that the market value is set to witness a CAGR of 8.77% during the forecast period 2021-2031.The comprehensive research study of the target drone market covers the following:• Extensive analysis of the key players in the target drone industry and the competitive benchmarking of 15 companies in the market• Elaborated segments focused on the different applications and products required to cater to the demands of the market• Detailed market analysis of the global and regional segments of more than ten countries• Detailed applications of combat training, target and decoy, target recognition, and identification in the military, homeland security, and defense companies end-user segmentThe target drone market consists of the business dynamics, application of the target drones, their end users, classification of products based on their mode of operation, platform, payload, target type, and segmentation of aerial targets based on their speeds.BIS Research study indicates that the increasing adoption of unmanned systems for military operations and advancements in military training to simulate real combat scenarios are fueling the growth of the target drone market.To gain a comprehensive view of the market, the market segments are further classified to get an in-depth analysis of the study.Haidar Ali, Lead Analyst at BIS Research, states, “The market potential of the target drones for aerial, marine, and ground platforms is expected to reach new heights due to the advancements in the field of unmanned systems and deceiving technologies that can mimic the characteristics of real threats. The target drone market is going to evolve parallelly with the combat vehicles to mimic their ability. This helps in understanding and developing tactics and strategies to neutralize the threat. Hence, the market is going to grow significantly during the forecast period.”In-depth interviews with market leaders have given key insights for the study as well as helped in the data triangulation. The key players profiled in the report include AeroTargets International LLC, Air Affairs Australia, Airbus S.A.S., Boeing, Denel SOC Ltd, DRDO, Griffon Aerospace, Kratos Defense & Security Solutions, Inc., Leonardo S.p.A., Lockheed Martin Corporation, Northrop Grumman, QinetiQ, Robonic Ltd Oy, and SCR, among others.The report also offers strategic recommendations that might help the companies to track the various technological trends and products that are likely going to change the market dynamics.Who should buy this report?• Manufacturers and contractors of the target drones• UAV service providers and component suppliers• Autonomous software and algorithm developers for military applications• Government agencies and military forces across the globe• Research institutions that provide designs and technology for advanced systemsHow can market intelligence on the target drone market add value to an organization’s decision-making process?• Help in analyzing the future trends to develop innovative drones for the market• Aid in understanding the various contracts and procurement of target drones to make necessary decisions for business expansion• Help in understanding the geographical scenario of the market• Help in targeting a specific product specification to increase the robustness of their product portfolio• Aid in analyzing the competitors’ strengths and weaknessesInsightful Questions Covered to Enable Companies to take Strategic Decisions• What are the futuristic trends in this market, and how is the market expected to change over the forecast years 2021-2031?• What are the key drivers and challenges faced by the companies that are currently working in the global target drone market?• How is the market expected to grow during the forecast period 2021-2031?• What are the opportunities for the companies to expand their businesses in the global target drone market?• Which region is expected to be leading the global target drone market by 2031? • What are the key developmental strategies implemented by the key players to sustain in this highly competitive market?• What is the current and future revenue scenario of this market?
Companies Mentioned :
AeroTargets International LLCAir Affairs AustraliaAirbus S.A.S.BoeingDenel SOC Ltd.Defence Research and Development Organization (DRDO)Griffon AerospaceKadet Defence SystemsKratos Defense & Security Solutions, Inc.Leonardo S.p.A.Lockheed Martin CorporationNorthrop GrummanQinetiQRobonic Ltd OySCR, Sistemas de Control Remoto
Press Release :
The global target drone market value is projected to reach $10,433.9 Million by 2031, reveals the premium market intelligence study by BIS Research. The study also highlights that the market value is set to witness a CAGR of 8.77% during the forecast period 2021-2031.The comprehensive research study of the target drone market covers the following:• Extensive analysis of the key players in the target drone industry and the competitive benchmarking of 15 companies in the market• Elaborated segments focused on the different applications and products required to cater to the demands of the market• Detailed market analysis of the global and regional segments of more than ten countries• Detailed applications of combat training, target and decoy, target recognition, and identification in the military, homeland security, and defense companies end-user segmentThe target drone market consists of the business dynamics, application of the target drones, their end users, classification of products based on their mode of operation, platform, payload, target type, and segmentation of aerial targets based on their speeds.BIS Research study indicates that the increasing adoption of unmanned systems for military operations and advancements in military training to simulate real combat scenarios are fueling the growth of the target drone market.To gain a comprehensive view of the market, the market segments are further classified to get an in-depth analysis of the study.Haidar Ali, Lead Analyst at BIS Research, states, “The market potential of the target drones for aerial, marine, and ground platforms is expected to reach new heights due to the advancements in the field of unmanned systems and deceiving technologies that can mimic the characteristics of real threats. The target drone market is going to evolve parallelly with the combat vehicles to mimic their ability. This helps in understanding and developing tactics and strategies to neutralize the threat. Hence, the market is going to grow significantly during the forecast period.”In-depth interviews with market leaders have given key insights for the study as well as helped in the data triangulation. The key players profiled in the report include AeroTargets International LLC, Air Affairs Australia, Airbus S.A.S., Boeing, Denel SOC Ltd, DRDO, Griffon Aerospace, Kratos Defense & Security Solutions, Inc., Leonardo S.p.A., Lockheed Martin Corporation, Northrop Grumman, QinetiQ, Robonic Ltd Oy, and SCR, among others.The report also offers strategic recommendations that might help the companies to track the various technological trends and products that are likely going to change the market dynamics.Who should buy this report?• Manufacturers and contractors of the target drones• UAV service providers and component suppliers• Autonomous software and algorithm developers for military applications• Government agencies and military forces across the globe• Research institutions that provide designs and technology for advanced systemsHow can market intelligence on the target drone market add value to an organization’s decision-making process?• Help in analyzing the future trends to develop innovative drones for the market• Aid in understanding the various contracts and procurement of target drones to make necessary decisions for business expansion• Help in understanding the geographical scenario of the market• Help in targeting a specific product specification to increase the robustness of their product portfolio• Aid in analyzing the competitors’ strengths and weaknessesInsightful Questions Covered to Enable Companies to take Strategic Decisions• What are the futuristic trends in this market, and how is the market expected to change over the forecast years 2021-2031?• What are the key drivers and challenges faced by the companies that are currently working in the global target drone market?• How is the market expected to grow during the forecast period 2021-2031?• What are the opportunities for the companies to expand their businesses in the global target drone market?• Which region is expected to be leading the global target drone market by 2031? • What are the key developmental strategies implemented by the key players to sustain in this highly competitive market?• What is the current and future revenue scenario of this market?
Headline :
Global Target Drone Market Value to Reach $10,433.9 Million by 2031
Table of Contents :
Executive Summary 1 Markets1.1 Industry Outlook1.1.1 Global Target Drone Market: Overview1.2 Leading Manufacturers, Products, and Technical Specifications1.3 Current and Emerging Technological Trends1.3.1 Hypersonic Propulsion for Target Drones1.3.2 Fuel Cell Technology1.3.3 Hybrid Propulsion1.3.4 AI-Enabled Control System1.3.5 Internet of Things (IoT) Battlefield1.4 Target Drone Contract Analysis, 2018 - 20201.5 Patent Analysis1.5.1 Patent Analysis (by Status)1.6 Supply Chain Analysis1.7 Business Dynamics1.7.1 Business Drivers1.7.1.1 Increasing Adoption of Unmanned Systems for Military Operations1.7.1.2 Advancements in Military Training to Simulate Real Combat Scenario1.7.2 Business Challenges1.7.2.1 Lack of Skilled Workforce1.7.2.2 Short Endurance of Target Drones1.7.3 Business Opportunities1.7.3.1 Growing Defense Budgets of Major Economies1.7.3.2 Rising Deployment of Defense Systems in Emerging Countries1.8 Business Strategies1.8.1.1 Partnerships and Contracts1.8.1.2 Product Development and Innovation1.8.1.3 Others2 Application2.1 Global Target Drone Market (by Application)2.1.1 Overview2.1.2 Global Target Drone Market (by End User)2.1.2.1 Military2.1.2.2 Homeland Security2.1.2.3 Defense Companies2.1.2.4 Demand Analysis of Global Target Drone Market (by End User)2.1.3 Global Target Drone Market (by Application)2.1.3.1 Combat Training2.1.3.2 Target and Decoy2.1.3.3 Target Identification2.1.3.4 Target Acquisition2.1.3.5 Others2.1.3.6 Demand Analysis of Global Target Drone Market (by Application)3 Product3.1 Global Target Drone Market (by Product)3.1.1 Overview3.1.2 Global Target Drone Market (by Platform)3.1.2.1 Aerial Targets3.1.2.2 Marine Targets3.1.2.3 Ground Targets3.1.2.4 Demand Analysis for Global Target Drone Market (by Platform)3.1.3 Global Target Drone Market (by Mode of Operation)3.1.3.1 Remotely Piloted3.1.3.2 Optionally Piloted3.1.3.3 Autonomous Operation3.1.3.4 Demand Analysis for Global Target Drone Market (by Mode of Operation)3.1.4 Global Target Drone Market (by Speed of Aerial Target Drones)3.1.4.1 Subsonic (< 0.8 Mach)3.1.4.2 Transonic (0.8-1.2 Mach)3.1.4.3 Supersonic (1.2–5.0 Mach)3.1.4.4 Hypersonic (> 5.0 Mach)3.1.4.5 Demand Analysis for Global Target Drone Market (by Speed of Aerial Target Drone)3.1.5 Global Target Drone Market (by Target Type)3.1.5.1 Full Scale3.1.5.2 Sub-Scaled3.1.5.3 Towing3.1.5.4 Demand Analysis for Global Target Drone Market (by Target Type)3.1.6 Global Target Drone Market (by Payload) *3.1.6.1 Flares3.1.6.2 Passive and Active Radar Augmentation Devices3.1.6.3 Infrared Augmentation Devices3.1.6.4 Electronic Payloads3.1.6.5 Others4 Region4.1 Global Target Drone Market (by Region)4.2 North America4.2.1 Market4.2.1.1 Key Manufacturers and Suppliers in North America4.2.1.2 Business Drivers4.2.1.3 Business Challenges4.2.2 Application4.2.2.1 North America Target Drone Market (by Application)4.2.3 Product4.2.3.1 North America Target Drone Market (by Platform)4.2.4 North America (by Country)4.2.4.1 U.S.4.2.4.1.1 Market4.2.4.1.1.1 Key Manufacturers and Suppliers in the U.S.4.2.4.1.1.2 Business Drivers4.2.4.1.1.3 Business Challenges4.2.4.1.2 Application4.2.4.1.2.1 U.S. Target Drone Market (by Application)4.2.4.1.3 Product4.2.4.1.3.1 U.S. Target Drone Market (by Platform)4.2.4.2 Canada4.2.4.2.1 Market4.2.4.2.1.1 Business Drivers4.2.4.2.1.2 Business Challenges4.2.4.2.2 Application4.2.4.2.2.1 Canada Target Drone Market (by Application)4.2.4.2.3 Product4.2.4.2.3.1 Canada Target Drone Market (by Platform)4.3 Europe4.3.1 Markets4.3.1.1 Key Manufacturers and Suppliers in Europe4.3.1.2 Business Drivers4.3.1.3 Business Challenges4.3.2 Application4.3.2.1 Europe Target Drone Market (by Application)4.3.3 Products4.3.3.1 Europe Target Drone Market (by Platform)4.3.4 Europe (by Country)4.3.4.1 France4.3.4.1.1 Markets4.3.4.1.1.1 Key Manufacturers and Suppliers in France4.3.4.1.1.2 Business Drivers4.3.4.1.1.3 Business Challenges4.3.4.1.2 Application4.3.4.1.2.1 France Target Drone Market (by Application)4.3.4.1.3 Product4.3.4.1.3.1 France Target Drone Market (by Platform)4.3.4.2 Germany4.3.4.2.1 Market4.3.4.2.1.1 Business Drivers4.3.4.2.1.2 Business Challenges4.3.4.2.2 Application4.3.4.2.2.1 Germany Target Drone Market (by Application)4.3.4.2.3 Product4.3.4.2.3.1 Germany Target Drone Market (by Platform)4.3.4.3 Russia4.3.4.3.1 Market4.3.4.3.1.1 Key Manufacturers in Russia4.3.4.3.1.2 Business Drivers4.3.4.3.1.3 Business Challenges4.3.4.3.2 Application4.3.4.3.2.1 Russia Target Drone Market (by Application)4.3.4.3.3 Product4.3.4.3.3.1 Russia Target Drone Market (by Platform)4.3.4.4 U.K.4.3.4.4.1 Market4.3.4.4.1.1 Key Manufacturers in the U.K.4.3.4.4.1.2 Business Drivers4.3.4.4.1.3 Business Challenges4.3.4.4.2 Application4.3.4.4.2.1 U.K. Target Drone Market (by Application)4.3.4.4.3 Product4.3.4.4.3.1 U.K. Target Drone Market (by Platform)4.3.4.5 Rest-of-Europe4.3.4.5.1 Market4.3.4.5.1.1 Key Manufacturers in the Rest-of-Europe4.3.4.5.1.2 Business Drivers4.3.4.5.1.3 Business Challenges4.3.4.5.2 Application4.3.4.5.2.1 Rest-of-Europe Target Drone Market (by Application)4.3.4.5.3 Product4.3.4.5.3.1 Rest-of-Europe Target Drone Market (by Platform)4.4 Asia-Pacific4.4.1 Markets4.4.1.1 Key Manufacturers and Suppliers in Asia-Pacific4.4.1.2 Business Drivers4.4.1.3 Business Challenges4.4.2 Application4.4.2.1 Asia-Pacific Target Drone Market (by Application)4.4.3 Product4.4.3.1 Asia-Pacific Target Drone Market (by Platform)4.4.4 Asia-Pacific (by Country)4.4.4.1 China4.4.4.1.1.1 Business Drivers4.4.4.1.1.2 Business Challenges4.4.4.1.2 Application4.4.4.1.2.1 China Target Drone Market (by Application)4.4.4.1.3 Product4.4.4.1.3.1 China Target Drone Market (by Platform)4.4.4.2 Japan4.4.4.2.1 Market4.4.4.2.1.1 Business Drivers4.4.4.2.1.2 Business Challenges4.4.4.2.2 Application4.4.4.2.2.1 Japan Target Drone Market (by Application)4.4.4.2.3 Product4.4.4.2.3.1 Japan Target Drone Market (by Platform)4.4.4.3 India4.4.4.3.1 Market4.4.4.3.1.1 Key Manufacturers in India4.4.4.3.1.2 Business Drivers4.4.4.3.1.3 Business Challenges4.4.4.3.2 Application4.4.4.3.2.1 India Target Drone Market (by Application)4.4.4.3.3 Product4.4.4.3.3.1 India Target Drone Market (by Platform)4.4.4.4 Rest-of-Asia-Pacific4.4.4.4.1 Market4.4.4.4.1.1 Key Manufacturers in the Rest-of-Asia-Pacific4.4.4.4.1.2 Business Drivers4.4.4.4.1.3 Business Challenges4.4.4.4.2 Application4.4.4.4.2.1 Rest-of-Asia-Pacific Target Drone Market (by Application)4.4.4.4.3 Product4.4.4.4.3.1 Rest-of-Asia-Pacific Target Drone Market (by Platform)4.5 Rest-of-the-World4.5.1 Market4.5.1.1 Key Manufacturers in the Rest-of-the-World4.5.1.2 Business Drivers4.5.1.3 Business Challenges4.5.2 Application4.5.2.1 Rest-of-the-World Target Drone Market (by Application)4.5.3 Product4.5.3.1 Rest-of-the-World Target Drone Market (by Platform)5 Markets - Competitive Benchmarking & Company Profiles5.1 Competitive Benchmarking5.2 AeroTargets International LLC.5.2.1 Company Overview5.2.1.1 Role of AeroTargets International LLC in the Global Target Drone Market5.2.1.2 Product Portfolio5.2.2 Strengths and Weaknesses of AeroTargets International LLC5.3 Air Affairs Australia5.3.1 Company Overview5.3.1.1 Role of Air Affairs Australia in the Global Target Drone Market5.3.1.2 Product Portfolio5.3.2 Business Strategies5.3.2.1 Product Launches and Demonstrations5.3.3 Corporate Strategies5.3.3.1 Contracts and Partnerships5.3.4 Strengths and Weaknesses of Air Affairs Australia5.4 Airbus S.A.S.5.4.1 Company Overview5.4.1.1 Role of Airbus S.A.S. in the Global Target Drone Market5.4.1.2 Product Portfolio5.4.2 Business Strategies5.4.2.1 Product Demonstrations5.4.3 Strengths and Weaknesses of Airbus S.A.S.5.4.4 R&D Analysis5.5 Boeing5.5.1 Company Overview5.5.1.1 Role of Boeing in the Global Target Drone Market5.5.1.2 Product Portfolio5.5.2 Business Strategies5.5.2.1 Product Modification5.5.3 Strengths and Weaknesses of Boeing5.5.4 R&D Analysis5.6 Denel SOC Ltd.5.6.1 Company Overview5.6.1.1 Role of Denel SOC Ltd in the Global Target Drone Market5.6.1.2 Product Portfolio5.6.2 Strength and Weakness of Denel SOC Ltd.5.6.3 R&D Analysis5.7 Defence Research and Development Organization (DRDO)5.7.1 Company Overview5.7.1.1 Role of DRDO in the Global Target Drone Market5.7.1.2 Product Portfolio5.7.2 Business Strategies5.7.2.1 Product Demonstration5.7.3 Strengths and Weaknesses of DRDO5.8 Griffon Aerospace5.8.1 Company Overview5.8.1.1 Role of Griffon Aerospace in the Global Target Drone Market5.8.1.2 Product Portfolio5.8.2 Corporate Strategies5.8.2.1 Contracts5.8.3 Strengths and Weaknesses of Griffon Aerospace5.9 Kadet Defence Systems5.9.1 Company Overview5.9.1.1 Role of Kadet Defence Systems in the Global Target Drone Market5.9.1.2 Product Portfolio5.9.2 Business Strategies5.9.2.1 Partnerships5.9.3 Strength and Weakness of Kadet Defence Systems5.1 Kratos Defense & Security Solutions, Inc.5.10.1 Company Overview5.10.1.1 Role of Kratos Defense & Security Solutions, Inc. in the Global Target Drone Market5.10.1.2 Product Portfolio5.10.2 Business Strategies5.10.2.1 Business Expansion5.10.3 Corporate Strategies5.10.3.1 Contracts5.10.4 Strength and Weakness of Kratos Defense & Security Solutions, Inc.5.10.5 R&D Analysis5.11 Leonardo S.p.A.5.11.1 Company Overview5.11.1.1 Role of Leonardo S.p.A. in the Global Target Drone Market5.11.1.2 Product Portfolio5.11.2 Business Strategies5.11.2.1 Product Demonstrations5.11.3 Strengths and Weaknesses of Leonardo S.p.A.5.12 Lockheed Martin Corporation5.12.1 Company Overview5.12.1.1 Role of Lockheed Martin Corporation in the Global Target Drone Market5.12.1.2 Product Portfolio5.12.2 Strengths and Weaknesses of Lockheed Martin Corporation5.12.3 R&D Analysis5.13 Northrop Grumman5.13.1 Company Overview5.13.1.1 Role of Northrop Grumman Corporation in the Global Target Drone Market5.13.1.2 Product Portfolio5.13.2 Corporate Strategies5.13.2.1 Contract5.13.3 Strengths and Weaknesses of Northrop Grumman5.13.4 R&D Analysis5.14 QinetiQ5.14.1 Company Overview5.14.1.1 Role of QinetiQ in the Global Target Drone Market5.14.1.2 Product Portfolio5.14.2 Business Strategies5.14.2.1 Product Launches5.14.3 Corporate Strategies5.14.3.1 Contracts5.14.4 Strengths and Weaknesses of QinetiQ5.15 Robonic Ltd Oy5.15.1 Company Overview5.15.2 Role of Robonic Ltd Oy in the Global Target Drone Market5.15.2.1 Product Portfolio5.15.3 Strengths and Weaknesses of Robonic Ltd Oy5.16 SCR, Sistemas de Control Remoto5.16.1 Company Overview5.16.1.1 Role of SCR, Sistemas de Control Remoto in the Global Target Drone Market5.16.1.2 Product Portfolio5.16.2 Business Strategies5.16.2.1 Product Launches and Demonstrations5.16.3 Corporate Strategies5.16.3.1 Contracts5.16.4 Strengths and Weaknesses of SCR, Sistemas de Control Remoto5.17 Other Key Players5.17.1 BAE Systems5.17.1.1 Company Overview5.17.2 General Dynamics Corporation5.17.2.1 Company Overview5.17.3 Meggitt Defense Systems5.17.3.1 Company Overview5.17.4 Raytheon Technologies Corporation5.17.4.1 Company Overview5.17.5 Safran5.17.5.1 Company Overview6 Research MethodologyNote: * The section 3.1.6 on payloads provides qualitative information List of Figures Figure 1: Global Target Drone Market, $Million, 2020-2031Figure 2: Global Target Drone Market (by End User), $Million, 2021 and 2031Figure 3: Global Target Drone Market (by Platform Type), $Million, 2021 and 2031Figure 4: Global Target Drone Market (by Region), $Million, 2031Figure 5: Global Target Drone Market CoverageFigure 6: Key Contracts in Target Drone Market: 2018-2020Figure 7: Year-Wise Patents, January 2018-April 2021Figure 8: Patent Analysis, (by Status), January 2018-April 2021Figure 9: Supply Chain Analysis of Global Target Drone MarketFigure 10: Global Target Drone Market, Business DynamicsFigure 11: Defense Spending (by Country), 2018-2020.Figure 12: Share of Key Business Strategies and Developments, January 2018- April 2021Figure 13: Global Target Drone Market (by Application)Figure 14: Classification of Global Target Drone Market (by Application)Figure 15: Global Target Drone Market (by Product)Figure 16: Global Target Drone Market (by Target Type)Figure 17: Global Target Drone Market Competitive Benchmarking, 2021Figure 18: Airbus S.A.S. R&D Analysis (2018-2020)Figure 19: Boeing R&D Analysis (2018-2020)Figure 20: Denel SOC Ltd. R&D Analysis (2018-2020)Figure 21: Kratos Defense & Security Solutions, Inc. R&D Analysis (2018-2020)Figure 22: Lockheed Martin Corporation R&D Analysis (2018-2020)Figure 23: Northrop Grumman R&D Analysis (2018-2020)Figure 24: Research MethodologyFigure 25: Top-Down and Bottom-Up ApproachFigure 26: Data TriangulationFigure 27: Global Target Drone Supply Market Influencing FactorsFigure 28: Assumptions and LimitationsList of Tables Table 1: Technical Data of Key Target Drones in the Global Target Drone MarketTable 2: Partnerships and Contracts, January 2018-April 2021Table 3: Product Development and Innovation, January 2018-April 2021Table 4: Others, January 2018- April 2021Table 5: Global Target Drone Market (by End User), $Million, 2020-2031Table 6: Global Target Drone Market (by Application), $Million, 2020-2031Table 7: Global Target Drones Market (by Platform), $Million, 2020-2031Table 8: Global Target Drones Market (by Mode of Operation), $Million, 2020-2031Table 9: Global Target Drone Market (by Speed of Aerial Target Drones), $Million, 2020-2031Table 10: Global Target Drone Market (by Target Type), $Million, 2020-2031Table 11: Global Target Drone Market (by Region), $Million, 2020-2031Table 12: North America Target Drone Market (by Application), $Million, 2020-2031Table 13: North America Target Drone Market (by Platform), $Million, 2020-2031Table 14: U.S. Target Drone Market (by Application), $Million, 2020-2031Table 15: U.S. Target Drone Market (by Platform), $Million, 2020-2031Table 16: Canada Target Drone Market (by Application), $Million, 2020-2031Table 17: Canada Target Drone Market (by Platform) , $Million, 2020-2031Table 18: Europe Target Drone Market (by Application), $Million, 2020-2031Table 19: Europe Target Drone Market (by Platform), $Million, 2020-2031Table 20: France Target Drone Market (by Application), $Million, 2020-2031Table 21: France Target Drone Market (by Platform), $Million, 2020-2031Table 22: Germany Target Drone Market (by Application), $Million, 2020-2031Table 23: Germany Target Drone Market (by Platform), $Million, 2020-2031Table 24: Russia Target Drone Market (by Application), $Million, 2020-2031Table 25: Russia Target Drone Market (by Platform), $Million, 2020-2031Table 26: U.K. Target Drone Market (by Application), $Million, 2020-2031Table 27: U.K. Target Drone Market (by Platform), $Million, 2020-2031Table 28: Rest-of-Europe Target Drone Market (by Application), $Million, 2020-2031Table 29: Rest-of-Europe Target Drone Market (by Platform), $Million, 2020-2031Table 30: Asia-Pacific Target Drone Market (by Application), $Million, 2020-2031Table 31: Asia-Pacific Target Drone Market (by Platform), $Million, 2020-2031Table 32: China Target Drone Market (by Application), $Million, 2020-2031Table 33: China Target Drone Market (by Platform), $Million, 2020-2031Table 34: Japan Target Drone Market (by Application), $Million, 2020-2031Table 35: Japan Target Drone Market (by Platform), $Million, 2020-2031Table 36: India Target Drone Market (by Application), $Million, 2020-2031Table 37: India Target Drone Market (by Platform), $Million, 2020-2031Table 38: Rest-of-Asia-Pacific Target Drone Market (by Application), $Million, 2020-2031Table 39: Rest-of-Asia-Pacific Target Drone Market (by Platform), $Million, 2020-2031Table 40: Rest-of-the-World Target Drone Market (by Application), $Million, 2020-2031Table 41: Rest-of-the-World Target Drone Market (by Platform), $Million, 2020-2031Table 42: Benchmarking and Weightage ParametersTable 43: AeroTargets International LLC: Product PortfolioTable 44: Air Affairs Australia: Product PortfolioTable 45: Air Affairs Australia Product Launches and DemonstrationsTable 46: Air Affairs Australia Contracts and PartnershipsTable 47: Airbus S.A.S.: Product PortfolioTable 48: Airbus S.A.S. Product DemonstrationsTable 49: Boeing: Product PortfolioTable 50: Boeing Product ModificationTable 51: Denel SOC Ltd.: Product PortfolioTable 52: DRDO: Product PortfolioTable 53: DRDO Product DemonstrationTable 54: Griffon Aerospace Product PortfolioTable 55: Griffon Aerospace ContractsTable 56: Kadet Defence Systems: Product PortfolioTable 57: Kadet Defence Systems PartnershipsTable 58: Kratos Defense & Security Solutions, Inc.: Product PortfolioTable 59: Kratos Defense & Security Solutions, Inc. Business ExpansionTable 60: Kratos Defense & Security Solutions, Inc. ContractsTable 61: Leonardo S.p.A.: Product PortfolioTable 62: Leonardo S.p.A. Product DemonstrationsTable 63: Lockheed Martin Corporation: Product PortfolioTable 64: Northrop Grumman Corporation: Product PortfolioTable 65: Northrop Grumman ContractTable 66: QinetiQ: Product PortfolioTable 67: QinetiQ Product LaunchesTable 68: QinetiQ ContractsTable 69: Robonic Ltd Oy: Product PortfolioTable 70: SCR, Sistemas de Control Remoto: Product PortfolioTable 71: SCR Product Launches and DemonstrationsTable 72: SCR, Sistemas de Control Remoto Contracts