According to the latest report by IMARC Group, titled “Target Drone Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global target drone market forecast. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global target drone market size reached US$ 4.75 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 7.07 Billion by 2027, exhibiting a growth rate (CAGR) of 6.50% during 2022-2027.
A Target Drone refers to a cloth case filled with soft materials utilized to cushion the head during sleep or rest. It is widely used to solve the reoccurring problems of the neck, back, and shoulder pain while sleeping. Some common types of pillows are memory foam, wool, cotton, latex, polyester, synthetic, feathers, etc. It generally adjusts to fit an individual shape, curves, and sleeping position and alleviates pressure points. In line with this, a Target Drone keeps the upper body in alignment while sleeping, relieving pressure, and counterbalancing the points in the body.
The growing construction of hotels and residential complexes across countries is primarily augmenting the Target Drone market. Furthermore, the expanding travel and tourism sector and the increasing number of beach houses, vacation homes, and resorts are positively influencing the global market. Apart from this, the rising prevalence of sleep-related problems is acting as another significant growth-inducing factor.
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Moreover, the introduction of smart pillows enabled with wireless speakers and sleep trackers that discover snoring and gently vibrate to adjust sleep position without waking the user is also bolstering the global market. Besides this, the development of advanced technologies by key market players that automatically change the pillow height to accommodate the sleeping position and give the best sleep quality to individuals is further catalyzing the market growth. Additionally, they are used in hospitals and rehabilitation centers for professional athletes and patients with cervical neck surgery to support their heads and other body parts, which is expected to fuel the Target Drone market in the coming years.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Air Affairs Australia, Airbus SE, Denel Dynamics, Embention, Griffon Aerospace, Kratos Defense & Security Solutions Inc., Leonardo S.p.A., Lockheed Martin Corporation, Northrop Grumman Corporation, QinetiQ and Saab AB.
The report has been segmented the market into following categories:
Breakup by Fit Type:
- Line Fit
- Retro Fit
Breakup by Engine Type:
- Internal Combustion Engine
- Jet Engine
Breakup by Mode of Operation:
- Remotely Piloted
Breakup by Application:
- Combat Training
- Target and Decoy
- Target Identification
- Target Acquisition
- Asia Pacific
- North America
- Middle East and Africa
- Latin America
On the geographical front, Asia Pacific enjoys the leading position in the market. This can be attributed to the rising establishment of international companies in the region, on account of low manufacturing costs and cheap labor.
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