Target
Drone Market is an emerging market with applications of
the target drones in various fields such as military, research, Industrial etc.
This market is for large investment projects.
Target drones
are autonomously or remotely guided unmanned aircrafts used for various defense
operations. These are generally propelled by reciprocating, rotary or rocket
engines. These drones are of various size and specifications that define the
level of threat imposed by actual target they are imitating to. Earlier, these
were generally used by air-force for anti-aircraft target practice during
training.
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According
to IndustryARC market research report for Target
Drone Market, the developments are on their way for defense grade
autonomous operations of target drones like take off, landing, target
following, return to base and so on. Due to strict regulations, the OEMs are
constrained to limited domains but due to huge scope in future applications,
the developments are not being stalled.
Some
of the major aircraft manufacturing units are converting retired combat aircrafts into target drones. The
Boeing converted retired QF-16 to full scale aerial target drone with higher
capabilities, replacing the existing QF-4 fleet.
The
Target Drone Market is segmented
into three domains: by specification, by engine type and applications. Under
specification it is further categorized to size, speed, endurance, altitude, autonomy, maneuverability, reach, payload
and retrieval system.
Target Drone Market is also determined by the different
types of engines used in target drones such as Piston Engine, Wankel engine, Turboprop
and Turbojet.
Target Drone Market applications are Target and Decoy, Testing and
Calibration of Weapon System, Training, Reconnaissance, Tracking and
Monitoring, Research and Development of Weapons etc.
Market
research report for the Target Drone Market by IndustryARC suggests that the
most dominating region is USA. This region hosts a vast amount of research and
application of target drones with a huge investment share globally followed by
Europe, APAC and ROW.
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Some of the prominent key players of the Target
Drone Market include:
- Lockheed Martin Corporation (U.S),
- The Boeing Co. (U.S),
- Northrop Grumman Corporation (U.S),
- Griffon Aerospace, Inc. (U.S),
- BAE Systems, plc. (U.K)
Target
Drone Market is a profitable market to invest into with a large
share of revenue invested by US for further development and research of this
technology for the upcoming period 2016-2021.
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