Target Drones Market Worth 6.20 Billion USD by 2022

PUNE, India, April 24, 2017 /PRNewswire/ --

The report "Target Drones Market by Engine Type (IC, Jet, others), End-user (Defense, Homeland Security, Commercial), Platform (Aerial, Ground, Underwater, and Sea Surface), Target Type (Full- & Sub-scaled, Free Fly, Tow, Sport) and Region - Global Forecast to 2022", published by MarketsandMarkets™,  the 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% during the forecast period.

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 129 market data Tables and 73 Figures spread through 183 Pages and in-depth TOC on "Target Drones Market"

http://www.marketsandmarkets.com/Market-Reports/target-drone-market-115334135.html

Early buyers will receive 10% customization on this report.

Rising incidents of political violence, maritime piracy, terrorism, insurgency, and civil unrest have led to increased investments in the field of realistic military training and simulation. The rise in funding for military training programs in several countries across the globe is expected to consequently drive the demand for target drones, as these drones are increasingly being adopted in military training activities.

Based on engine type, jet engines are projected to be the fastest-growing segment of the target drone market during the forecast period 

The jet engines segment is expected to witness the highest growth during the forecast period. Jet engines are preferred over other engine types by manufacturers of target drones. Jet engines offer higher power-to-weight ratio as compared to piston engines and provide reliability, particularly in applications wherein sustained high power output is required.

Based on end user, the defense segment of the target drones market is projected to witness the highest growth from 2016 to 2022 

Based on end user, the target drones market has been segmented into defense, homeland security, and commercial. The defense segment is projected to witness the highest growth during the forecast period. Target drones are being rapidly adopted by defense agencies across the globe, owing to the benefits they provide to armed forces. Target drones offer a solution for all aspects, such as realism, cost, and operational effectiveness, of threat simulation, which helps improve the overall effectiveness of training.

Download PDF Brochure @ http://www.marketsandmarkets.com/pdfdownload.asp?id=115334135

North America is estimated to be the largest market for target drones in 2016 

The target drones market in North America is expected to witness the highest growth during the forecast period, owing to the increased defense expenditure in training programs and the rise in budget allocated for the procurement of target drones in the U.S.

Inquiry Before Buying @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=115334135

Key players operating in the target drones market are The Boeing Company (U.S.), QinetiQ Group plc (U.K.), Northrop Grumman Corporation (U.S.), Kratos Defense & Security Solutions, Inc. (U.S.), Airbus Group (Netherlands), Lockheed Martin Corporation (U.S.), Leonardo S.p.A. (Italy), Air Affairs Australia Pty Ltd. (Australia), Saab AB (Sweden), ASV Global (U.K.), and AeroTargets International, LLC (U.S.).

Browse Related Reports 

Drones Market by Type (Fixed Wing, VTOL, STUAS, MALE, HALE, UCAS ), Payload (Up to 25 Kg, Up to 150 Kg, Up to 600 Kg, Above 600 Kg), Application (Precision Agriculture, Retail, Media & Entertainment), Component, and Geography - Global Forecast to 2022
http://www.marketsandmarkets.com/Market-Reports/commercial-drones-market-195137996.html

Small Drones Market by Application (Defense, Commercial), Size (Micro, Mini, Nano), Payload (Sensor, Telemetry System, Camera, Videoscreen, NBC Detection, SAR, Others), Type, Propulsion Systems, & Region - Global Forecasts to 2020
http://www.marketsandmarkets.com/Market-Reports/small-uav-market-141134567.html

Subscribe Reports from Aerospace & Defence  Domain @ http://www.marketsandmarkets.com/Knowledgestore.asp

About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets' flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.  

Contact:
Mr. Rohan
MarketsandMarkets™
 701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
Tel : +1-888-600-6441
Email: sales@marketsandmarkets.com

Visit our Blog@ http://mnmblog.org/market-research/aerospace-defence

Connect us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

SOURCE MarketsandMarkets