The target drones market is projected to grow from $3.79 billion (£2.92 bn) in 2016 to $6.20 bn (£4.78 bn) by 2022, at a CAGR of 8.55% from 2016 to 2022, according to Report Linker.
The growth of the target drones market can be mainly attributed to increased emphasis on enhanced military training and various advantages of target drones over manned target vehicles.
However, lack of skilled and trained personnel to operate and control target drones may restrain the growth of this market.
The US, which is currently pegged as the front runner for target drones, is the only country converting old fighter aircrafts into aerial targets to help in simulating real-time threat scenarios for military anti-aircraft and missile testing training exercises.
The US Air Force is planning to convert a total of 126 units of F-16 into QF-16 target drones.