MEA Target Drones Market - Industry Trends and Forecast to 2033
Middle East and Africa target drones market is expected to reach USD 584.72 million by 2030 from USD 406.31 million in 2022, growing at a CAGR of 4.7% during the forecast period of 2023 to 2030
Market SegmentationMiddle East and Africa Target Drones Market, By Type (Rotary, Fixed), Use (Aerial Target, Ground Target, Marine Target), Target Type (Free Flying Target, Full Scale Target, Subscale Target, Sporting Target, Towing Target), Engine Type (Jet Engine and Ic Engine), Speed (Less Than 100 M/S, More Than 100 M/S), Mode Of Operation (Remotely Piloted, Autonomous, Optionally Piloted), Payload Capacity (Less Than 20 Kgs,20 - 50 Kgs, More than 50kgs), Application (Combat training,Target and decoy,Target Identification, Reconnaissance, Target Acquisition), End-User (Defense, Homeland Security, Commercial), Country (Saudi Arabia, South Africa, U.A.E., Egypt, Israel, Oman, Qatar, Bahrain and Rest Of Middle East And Africa) - Industry Trends and Forecast to 2030
Some of the major factors contributing to the growth of the Middle East and Africa target drones market:
Drivers
• Rising expenditure on defense by different countries
• Advancements in drone technology
• Rising threats and security concerns
Restraint
• Dependency on skilled personnel to operate
Opportunities
• Rising trend of AI (Artificial Intelligence) and data-driven technology
• Internal collaboration and parterships
Market PlayersThe key players operating in the Middle East and Africa target drones market are:
• SCR
• Sistemas de Control Remoto
• MSP
• ANADRONE
• AeroTargets International LLC.
• Denel Dynamics
• Thales
• SAAB
• SAFRAN
• Lockheed Martin Corporation
• AIRBUS
• Griffon Aerospace
• Northrop Grumman.
• Boeing.
• Leonardo S.p.A.
• Kratos Defense & Security Solutions, Inc.
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