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 Scope
Target drone market segmentation & scope
End Use
Military and Government
Commercial
Operation Mode
Piloted
Autonomous
Payload
less than 15 Kg
15-30 kg
More than 30 Kg
Application
Training
Target and Decoy
Reconnaissance
Other
Countries
U.S.
Canada
Mexico
Germany
UK
France
Italy
Spain
Denmark
Norway
China
Japan
India
South Korea
Thailand
Australia
Brazil
Argentina
Saudi Arabia
South Africa
UAE
Kuwait
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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