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

Middle East & Africa target drone market, 2018-2030 (US$M)

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Middle East & Africa target drone market, 2018-2030 (US$M)
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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 2023USD 371.4 million
Market revenue in 2030USD 726.5 million
Growth rate10.1% (CAGR from 2023 to 2030)
Largest segmentAerial
Fastest growing segmentAerial
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationAerial
Key market players worldwideLockheed 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.

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Target Drone Market Scope

Target drone market segmentation & scope
Aerial
Ground
Marine
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

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