Middle East & Africa Target Drone Market Size & Outlook
The target drone market in Middle East & Africa is expected to reach a projected revenue of US$ 726.5 million by 2030. A compound annual growth rate of 10.1% is expected of Middle East & Africa target drone market from 2024 to 2030.
Revenue, 2023 (US$M)
$371.4
Forecast, 2030 (US$M)
$726.5
CAGR, 2024 - 2030
10.1%
Report Coverage
Middle East & Africa
MEA target drone market highlights
- The MEA target drone market generated a revenue of USD 371.4 million in 2023.
- The market is expected to grow at a CAGR of 10.1% 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.
MEA data book summary
| Market revenue in 2023 | USD 371.4 million |
| Market revenue in 2030 | USD 726.5 million |
| Growth rate | 10.1% (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, MEA region accounted for 7.2% 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.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
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 |
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
