Asia Pacific Target Drone Market Size & Outlook, 2023-2030
The target drone market in Asia Pacific is expected to reach a projected revenue of US$ 2,889.5 million by 2030. A compound annual growth rate of 10.4% is expected of Asia Pacific target drone market from 2024 to 2030.
Revenue, 2023 (US$M)
$1,450.0
Forecast, 2030 (US$M)
$2,889.5
CAGR, 2024 - 2030
10.4%
Report Coverage
Asia Pacific
Asia Pacific target drone market highlights
- The Asia Pacific target drone market generated a revenue of USD 1,450.0 million in 2023.
- The market is expected to grow at a CAGR of 10.4% from 2024 to 2030.
- In terms of segment, aerial was the largest revenue generating target in 2023.
- Aerial is the most lucrative target segment registering the fastest growth during the forecast period.
Asia Pacific data book summary
| Market revenue in 2023 | USD 1,450.0 million |
| Market revenue in 2030 | USD 2,889.5 million |
| Growth rate | 10.4% (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 |
| Key market players worldwide | Lockheed Martin Corp, Northrop Grumman Corp, The Boeing Company, Airbus SE, BAE Systems PLC, Kratos Defense and Security Solutions, QinetiQ Group PLC, Griffon Corp, Griffon Aerospace, Leonardo SpA ADR, Safran Electronics and Defense |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 28.0% of the global target drone market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,889.5 million by 2030.
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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 |
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