29 March 2021
Visiongain has published a new report on Target Drones Market Report to 2031: Forecasts by Target Drones (Target Drones), by Target Drones (Target Drones). PLUS, Profiles of Leading Target Drones Manufacturing Companies and Regional and Leading National Market Analysis. PLUS COVID-19 Recovery Scenarios
Global Target Drones market was valued at US$ xx billion in xx and is projected to reach at a market value of US$ xx billion by 2031.
COVID-19 Impact on Target Drones Market
The COVID-19 pandemic has impacted lives of people all around the globe. It has proved quite detrimental for business across the globe and no industry and remained untouched by its impacts. This pandemic has caused a serious disruption in the supply chain and has resulted in a huge supply-demand gap in the market for target drones worldwide.
Increased emphasis on enhanced military training
Increasing investment in research & development initiatives and rising funding for the military training plans are one of the key factors propelling the growth of global target drones’ market over the forecast timeline.
Advantages of target drones over manned target vehicles
Target drones are used for the simulate the manned aircraft in counter-air defense, radar, and homeland security purposes.
Full-scale conversion of target drones for simulation of a war scenario
Target drones are unmanned aerial vehicles (UAVs) that can be maneuvered by remote and are mainly used in defense applications. Developments in the simulation technologies and the huge R&D investments to further the innovation involved in the simulation are the prominent factors propelling the market growth.
Qualitative Insights. Some of the companies profiled in the report include ASV Global, AeroTargets International LLC, Boeing Company, QinetiQ Group PLC, Kratos Defense & Security Solutions Inc., Northrop Grumman Corporation, Saab AB, Airbus S.A.S, Leonardo S.p.A, Lockheed Martin Corporation.
• In January 2020, Kratos received $6 million in unmanned aerial target drone system orders
• In November 2020, the U.S. Naval Air Systems Command announced a $57.1 million order to Northrop Grumman to build 19 GQM-163A lot 14 Coyote supersonic sea skimming target base vehicles
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