Target Drones Market-Key Players are Lockheed Martin Corporation (The U.S.), Northrop Grumman Corporation (The U.S.), The Boeing Company (The U.S.)
Target drone is a type of unmanned aerial vehicle, popularly used in the defense industry mostly for training in anti-aircraft warfare. Apart from this, it is used to simulate manned aircraft in radar, counter-air defense, and homeland security. In particular, the application of target drones has gained traction in military trainings related to anti-missile and anti-submarine and in weapon calibration testing. Target drones can be used for aerial targets, ground targets, underwater targets, and sea surface targets. The burgeoning funds in the defense industry focused on training in several developing and developed nations is a notable factor boosting the target drones market. In various emerging economies, line fit based target drones is witnessing extensive uptake owing to their cost-effectiveness and wider availability in developing regions. The drones made for the aerial target is expected to garner wide adoption owing to its suitability in military applications. The growing number of innovation and patent registrations in several developed nations is expected to accentuate the market. The sub-scaled type of aerial target is witnessing substantial demand, as they are inexpensive. In a number of developing nations, target drones used lack customization as they are sourced from countries such as Russia and the U.S. Usually, the NATO Missile Firing Installation (NAMFI) provides the extensive firing range for target drones. Based in Souda Bay on the island of Crete, Greece, their services are used by countries such as Germany, Greece, the Netherlands, and the U.S. Advancements in simulation technologies and the vast R&D funds being spent on developing these technologies are notable factors boosting the market. They are also focused on expanding their firing range, which is expected to open up promising avenues for market players in the coming years.
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Target drones are unmanned aerial vehicles, controlled by remote and mainly used in the defense. They are the substitutes for aerial targets primarily used in testing and evaluation and research and development. They resemble the radio-controlled model aircraft. The modern target drones are used in radar, countermeasures, and similar systems in order to mimic the manned aircraft.
Upsurge in funds for training programs in the military across the globe is expected to fuel the demand for target drones as they are increasingly being adopted in the defense sector for training. Moreover, rise in incidents of political terrorism, civil unrest, and maritime piracy have augmented the investments for realistic military training. However, lack of trained and skilled personnel to control and operate the target drones is expected to hamper the market during the forecast period.
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