DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Target Drones Market by Engine Type, End-user, Platform, Target Type and Region - Global Forecast to 2022" report to their offering.
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% from 2016 to 2022.
The growth of the target drones market can be mainly attributed to factors, such as increased emphasis on enhanced military training and various advantages of target drones over manned target vehicles. However, lack of skilled and trained personnel to operate and control target drones may restrain the growth of this market.
Based on target type, the sub-scaled segment is estimated to lead the target drones market in 2016. The growth of this segment can be attributed to the increased procurement of sub-scaled aerial target drones by armed forces across the globe because advanced capabilities in simulating the threat scenario at comparatively low-cost.
Based on fit, the linefit is projected to witness the highest growth from period 2016 to 2022. Owing to limited defense budget allocation in emerging countries, customization of fighter aircraft is not feasible, as most of the emerging countries procure fighter aircraft from the U.S. and Russia, and cannot afford to convert them into aerial targets. Hence, target drones are majorly linefitted.
North America is estimated to be the largest market for target drones in 2016
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Target Drones Market, By Engine Type
8 Target Drones Market, By End User
9 Target Drones Market, By Fit
10 Target Drones Market, By Platform
11 Target Drones Market, By Target Type
12 Target Drones Market, By Region
13 Competitive Landscape
14 Company Profiles
- ASV Global
- Aerotargets International, LLC
- Air Affairs Australia Pty Ltd.
- Airbus Group
- BSK Defense S.A.
- Kratos Defense & Security Solutions, Inc.
- Leonardo S.P.A.
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- Qinetiq Group PLC
- Saab AB
- The Boeing Company
For more information about this report visit http://www.researchandmarkets.com/research/bh9cbh/target_drones