Target Drone Market: Key Insights Based on Product Type, End-use and Regional Demand and Forecast: 2022-2031
The report on the global target drone market provides qualitative and quantitative analysis for the period from 2022-2031. The report predicts the global target drone market to grow with a CAGR of 6.9% over the forecast period from 2022-2031. The study on target drone market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and RoW for the period of 2022-2031.
The report on target drone market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global target drone market over the period of 2022-2031. Moreover, the report is a collective presentation of primary and secondary research findings.
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Porter’s five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global target drone market over the period of 2018 to 2026. Further, IGR-Growth Matrix gave in the report brings an insight into the investment areas that existing or new market players can consider.
Report Findings
1) Drivers
• The Use of Target Drones is Growing Rapidly in Target and Decoy, Reconnaissance, Surveillance, Combat Training, and Target Acquisition for Safety Reasons
• The Increased Funding for the Military Training Program, Increasing Instances of Maritime Piracy,
2) Restraints
• Lack of Skilled Professionals May Hamper the Growth of the Global Target Drone Market
3) Opportunities
• Product Innovation is one of the Major Strategies Adopted by Several Players Creates Greater Growth Opportunities
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Research Methodology
A) Primary Research
Our primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached include:
1. Key Opinion Leaders associated with Infinium Global Research
2. Internal and External subject matter experts
3. Professionals and participants from the industry
Our primary research respondents typically include
1. Executives working with leading companies in the market under review
2. Product/brand/marketing managers
3. CXO level executives
4. Regional/zonal/ country managers
5. Vice President level executives.
B) Secondary Research
Secondary research involves extensive exploring through the secondary sources of information available in both the public domain and paid sources. At Infinium Global Research, each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources.
The secondary sources of the data typically include
1. Company reports and publications
2. Government/institutional publications
3. Trade and associations journals
4. Databases such as WTO, OECD, World Bank, and among others.
5. Websites and publications by research agencies
Segment Covered
The global target drone market is segmented on the basis of platform, end user, and application.
Global Target Drone Market by Platform
• Aerial Target
• Ground Target
• Underwater Target
• Sea Surface Target
Global Target Drone Market by End User
• Defense
• Commercial
• Homeland Security
Global Target Drone Market by Application
• Target and Decoy
• Reconnaissance
• Surveillance
• Combat Training
• Target Acquisition
Company Profiles
The companies covered in the report include
• Lockheed Martin Corporation
• Leonardo S.p.A.
• Airbus SE
• Saab AB
• Northrop Grumman Corporation
• Kratos Defense & Security Solutions, Inc
• Qinetiq
• The Boeing Company
• AeroTargets International, LLC
• ASV Global
What Does This Report Deliver?
1. Comprehensive analysis of the global as well as regional markets of the target drone market.
2. Complete coverage of all the segments in the target drone market to analyze the trends, developments in the global market and forecast of market size up to 2031.
3. Comprehensive analysis of the companies operating in the global target drone market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
4. IGR-Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
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