Global Target Drone Market Size & Outlook, 2023-2030
The global target drone market size was estimated at USD 5,183.8 million in 2023 and is projected to reach USD 9,647.8 million by 2030, growing at a CAGR of 9.3% from 2024 to 2030.
Revenue, 2023 (US$M)
$5,183.8
Forecast, 2030 (US$M)
$9,647.8
CAGR, 2024 - 2030
9.3%
Report Coverage
Worldwide
Global target drone market, 2018-2030 (US$M)
Global target drone market highlights
- The global target drone market generated a revenue of USD 5,183.8 million in 2023 and is expected to reach USD 9,647.8 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 9.3% by 2030.
- In terms of segment, aerial accounted for a revenue of USD 5,183.8 million in 2023.
- Aerial is the most lucrative target segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 5,183.8 million |
| Market revenue in 2030 | USD 9,647.8 million |
| Growth rate | 9.3% (CAGR from 2023 to 2030) |
| Largest segment | Aerial |
| Fastest growing segment | Aerial |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Aerial |
Other key industry trends
- In terms of revenue, the North America accounted for 34.6% of the global target drone market in 2023.
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Target Drone Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Safran Electronics and Defense | View profile | 51-100 | Grand Prairie, Texas, United States, North America | https://www.safran-electronics-defense.com/ |
| Kratos Defense and Security Solutions | View profile | 1001-5000 | San Diego, California, United States, North America | http://www.kratosdefense.com |
| Griffon Aerospace | View profile | 51-100 | Madison, Alabama, United States, North America | http://www.griffonaerospace.com |
| The Boeing Company | View profile | 10001+ | Arlington, Virginia, United States, North America | http://www.boeing.com |
| QinetiQ Group PLC | View profile | 8500 | Ively Road, Cody Technology Park, Farnborough, Hampshire, United Kingdom, GU14 0LX | https://www.qinetiq.com |
| Northrop Grumman Corp | View profile | 101000 | 2980 Fairview Park Drive, Falls Church, VA, United States, 22042 | https://www.northropgrumman.com |
| Griffon Corp | View profile | 5700 | 712 Fifth Avenue, 18th Floor, New York, NY, United States, 10019 | https://www.griffon.com |
| BAE Systems PLC | View profile | 99800 | 6 Carlton Gardens, Stirling Square, London, United Kingdom, SW1Y 5AD | https://www.baesystems.com |
| Leonardo SpA ADR | View profile | 51000 | Piazza Monte Grappa 4, Rome, Italy, 00195 | http://www.leonardocompany.com |
| Lockheed Martin Corp | View profile | 122000 | 6801 Rockledge Drive, Bethesda, MD, United States, 20817 | https://www.lockheedmartin.com |
| Airbus SE | View profile | 150093 | P.O. Box 32008, Leiden, ZH, Netherlands, 2303 DA | https://www.airbus.com |
Global target drone market size, by regions, 2018-2030 (US$M)
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