Latin America Target Drone Market Size & Outlook
The target drone market in Latin America is expected to reach a projected revenue of US$ 285.6 million by 2030. A compound annual growth rate of 8.3% is expected of Latin America target drone market from 2024 to 2030.
Revenue, 2023 (US$M)
$163.3
Forecast, 2030 (US$M)
$285.6
CAGR, 2024 - 2030
8.3%
Report Coverage
Latin America
Latin America target drone market, 2018-2030 (US$M)
Latin America target drone market highlights
- The Latin America target drone market generated a revenue of USD 163.3 million in 2023.
- The market is expected to grow at a CAGR of 8.3% 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.
Latin America data book summary
| Market revenue in 2023 | USD 163.3 million |
| Market revenue in 2030 | USD 285.6 million |
| Growth rate | 8.3% (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 |
| 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, Latin America region accounted for 3.2% 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 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 |
|---|
Related regional statistics
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