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

1. Target Drones Market: A Growing Industry Target Drones Market: A Growing Industry with Promising Prospects (2022 with Promising Prospects (2022 - - 2027) 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 analysis of various factors influencing the market, including end-use sectors, 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 @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=115334135 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 @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=115334135 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