Hydrogen fuel cells offer significant advantages for the target drone industry, especially for the configuration of the aerial target in terms of range, endurance, and other benefits. Replacing the current power sources with hydrogen could significantly improve the opportunities and possibilities for heavier payloads. They have higher energy densities than lithium-ion batteries and thus have higher operational endurance and enhanced ranges. Though for using liquid hydrogen to power the engines of the aircraft, most companies are inclined to develop hydrogen cells.
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The unmanned systems have been widely implemented for numerous military applications as they provide a new dimension in the defense industry. The unmanned vehicles implement emerging technologies and conduct missions more efficiently with reduced risk. The unmanned systems reduce the workload of military personnel and direct exposure to enemy contact. Thus, using remotely operated systems proved to be a better alternative compared to manned systems. Using target drones that are remotely piloted reduces the mission duration and operational costs significantly. The unmanned systems proved to be highly reliable and are used by various government agencies and military forces across the globe as they reduce the risk of damage to the pilot. To simulate the threat of an unmanned system on the battlefield, the demand for target drones has gradually increased over the last couple of decades.
The key players in the global target drone market have been adopting several business strategies to increase their market presence in the world. This segment of the chapter explains the latest strategies and developments adopted by the key players in the global target drone market. To increase their market presence, the companies need to develop innovative products, collaborate with other key players, and invest in research and development. This helps the companies to strengthen their market position.
The global target drone market has witnessed numerous technological developments and strategies in the past few years by the companies to attain their market share in this well-established market. Some of the strategies discussed in this segment include product launches, product developments, contracts, and business expansions. The preferred strategy for the companies has been getting contracts from government agencies in the market.
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The global target drone market has been sub-segmented into the military, homeland security, and defense companies. The target drones are expected to be primarily used for military applications for now, but the technology is expected to be gradually adopted for homeland security due to the introduction of advanced technologies such as the identification of friend-or-foe in various countries. The military forces in the world are adopting the technology to test and evaluate their weapons systems and for combat training and have seen some significant improvements in the army, navy, and air force departments of the countries. For instance, in 2019, 14 GQM-163 A Coyote Supersonic Sea Skimming Targets (SSST) were procured by the U.S. Navy, and three were procured by the Missile Defense Agency of the U.S. to evaluate their ‘Major Combat Weapon Systems.
