Market Overview

Global Target Drones Market Report 2020-2027: US Accounts for Over 29.6% of Global Market Size in 2020, While China is Forecast to Grow at a 6.7% CAGR - ResearchAndMarkets.com

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The "Target Drones - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Amid the COVID-19 crisis, the global market for Target Drones estimated at US$4.7 Billion in the year 2020, is projected to reach a revised size of US$7.7 Billion by 2027, growing at a CAGR of 7.2% over the analysis period 2020-2027.

Defense, one of the segments analyzed in the report, is projected to grow at a 7.9% CAGR to reach US$4.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Homeland Security segment is readjusted to a revised 6.8% CAGR for the next 7-year period. This segment currently accounts for a 37% share of the global Target Drones market.

The U. S. Accounts for Over 29.6% of Global Market Size in 2020, While China is Forecast to Grow at a 6.7% CAGR for the Period of 2020-2027

The Target Drones market in the U. S. is estimated at US$1.4 Billion in the year 2020. The country currently accounts for a 29.56% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$1.3 Billion in the year 2027 trailing a CAGR of 6.7% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.9% and 5.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5.8% CAGR while Rest of European market (as defined in the study) will reach US$1.3 Billion by the year 2027.

Commercial Segment Corners a 12.2% Share in 2020

In the global Commercial segment, USA, Canada, Japan, China and Europe will drive the 5.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$461.7 Million in the year 2020 will reach a projected size of US$682.6 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$882.1 Million by the year 2027. W

The report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:

  • Aerotargets International, LLC
  • Air Affairs Australia Pty., Ltd.
  • Airbus Group
  • Asv Global
  • Kratos Defense & Security Solutions, Inc.
  • Leonardo SpA
  • Lockheed Martin Corporation
  • Northrop Grumman Corporation
  • QinetiQ Group PLC
  • SAAB AB
  • The Boeing Company

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Impact of Covid-19 and a Looming Global Recession
  • Global Competitor Market Shares
  • Target Drones Competitor Market Share Scenario Worldwide (in %): 2018E

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

  • Market Facts & Figures
  • Target Drones Market Share (in %) by Company: 2018 & 2027
  • Market Analytics
  • Current & Future Analysis for Target Drones by End-Use - Defense, Homeland Security and Commercial - Independent Analysis of Annual Sales in US$ Billion for the Years 2018 through 2027
  • Historic Review for Target Drones by End-Use - Defense, Homeland Security and Commercial Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2012 through 2017
  • 15-Year Perspective for Target Drones by End-Use - Percentage Breakdown of Value Sales for Defense, Homeland Security and Commercial for the Years 2012, 2018 & 2027
  • Current & Future Analysis for Target Drones by Platform - Aerial, Ground, Underwater and Sea Surface - Independent Analysis of Annual Sales in US$ Billion for the Years 2018 through 2027
  • Historic Review for Target Drones by Platform - Aerial, Ground, Underwater and Sea Surface Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2012 through 2017
  • 15-Year Perspective for Target Drones by Platform - Percentage Breakdown of Value Sales for Aerial, Ground, Underwater and Sea Surface for the Years 2012, 2018 & 2027

IV. COMPETITION

  • Total Companies Profiled: 35

For more information about this report visit https://www.researchandmarkets.com/r/roxcme

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