𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭 𝐨𝐟 𝐒𝐦𝐚𝐥𝐥 𝐚𝐧𝐝 𝐒𝐦𝐚𝐫𝐭 𝐓𝐚𝐫𝐠𝐞𝐭 𝐃𝐫𝐨𝐧𝐞

 Target drones are unmanned vehicles (marine, ground, and aerial) that are generally used for combat training against manned and unmanned threats, destruction tests on decoys that simulate behavior of real threats, and testing and development of military systems. Target drones are used as cost-effective substitutes to equipment and systems used by military forces across various countries. Target drones are very identical to unmanned aerial vehicles. These drones find their application in ground, aerial, sea surface, and underwater targets. These drones are widely used for training of anti-craft warfare scenarios. 

On the basis of end use, target, mode of operation, and region. The end use segment is further divided into defense and commercial. On the basis of target, the market is segmented into aerial target, ground target, and marine target. By mode of operation, it is segmented into autonomous and remotely piloted. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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The global military expenditure has seen exponential growth in recent years. According to the Stockholm International Peace Research Institute (SIPRI), the global military expenditure has reached $1,981 billion in 2020 with a 2.6% year-on-year increase. 

The military expenditure accounted for 2.4% of global gross domestic product in 2020. Thus, increase in global military expenditure has augmented adoption of modern defense systems, including target drone systems and related technologies. 

Increase in military and defense expenditure globally facilitates implementation of target drone system technologies. Furthermore, advancements in weapons and attacking capabilities worldwide have created a surge in demand for modernization and installation of sophisticated defense infrastructure by governments to prevent threats and offensive attacks from foreign countries. Hence, increase in defense expenditure is expected to open new avenues for growth of the target drone market during the forecast period.

In recent years, the world has witnessed an upward trend in wars and conflicts across numerous nations across the world. Recent political upheaval that happened in Afghanistan in August 2021 has brought the country to a permanent state of chaos. Rise in terrorist attacks and violent conflicts in the country is expected to lead to more unfavorable instance across the neighboring nations in the future.  Currently, there are numerous ongoing wars and minor conflicts in several countries globally, most of which are in the Middle East, North West Asia, and Sub-Saharan Africa and a major ongoing drug-war in Mexico. Nations across the world are buying arms and ammunitions to counter the terrorism block the entry of enemy soldiers and curb anti-national activities. Moreover, misfortunate events that happened last year in countries such as the U.S. and France have resulted in a large number of citizens in carrying guns for self-defense purposes. Recent war between Armenia and Azerbaijan proved capabilities of drone attacks in giving added advantage over conventional war equipment. This has given a push to train army against drone attacks and how to efficiently destroy enemy drones. Such factors are anticipated to propel growth of the global target drone market during the forecast period.

Key Players

• Airbus S.A.S.
• BAE Systems plc
• Denel Dynamics
• Embention
• Griffon Aerospace
• Leonardo S.p.A.
• Lockheed Martin Corporation
• Northrop Grumman Corporation
• Qinetiq Group plc
• The Boeing Company