| Product Code: ETC5862001 | Publication Date: Nov 2023 | Updated Date: Jan 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2023-2024, Iceland`s import trend for target drones experienced a growth rate of 3.06%, with a compound annual growth rate (CAGR) of 6.33% from 2020-2024. This increase can be attributed to a rise in demand for advanced drone technology in various sectors, driving market expansion.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Iceland Target drones Market Overview |
3.1 Iceland Country Macro Economic Indicators |
3.2 Iceland Target drones Market Revenues & Volume, 2021 & 2031F |
3.3 Iceland Target drones Market - Industry Life Cycle |
3.4 Iceland Target drones Market - Porter's Five Forces |
3.5 Iceland Target drones Market Revenues & Volume Share, By End-Use Sector, 2021 & 2031F |
3.6 Iceland Target drones Market Revenues & Volume Share, By Build, 2021 & 2031F |
3.7 Iceland Target drones Market Revenues & Volume Share, By Engine Type, 2021 & 2031F |
3.8 Iceland Target drones Market Revenues & Volume Share, By End Use, 2021 & 2031F |
3.9 Iceland Target drones Market Revenues & Volume Share, By Target Type, 2021 & 2031F |
3.10 Iceland Target drones Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.11 Iceland Target drones Market Revenues & Volume Share, By Mode Of Operation, 2021 & 2031F |
4 Iceland Target drones Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for aerial surveillance and reconnaissance in various industries. |
4.2.2 Advancements in drone technology leading to more efficient and capable target drones. |
4.2.3 Growing adoption of target drones for military training and simulation purposes. |
4.3 Market Restraints |
4.3.1 Stringent regulations and restrictions on the use of drones in Iceland. |
4.3.2 High initial investment and maintenance costs associated with target drones. |
4.3.3 Concerns regarding privacy and safety issues related to drone operations. |
5 Iceland Target drones Market Trends |
6 Iceland Target drones Market Segmentations |
6.1 Iceland Target drones Market, By End-Use Sector |
6.1.1 Overview and Analysis |
6.1.2 Iceland Target drones Market Revenues & Volume, By Defense, 2021-2031F |
6.1.3 Iceland Target drones Market Revenues & Volume, By Commercial, 2021-2031F |
6.2 Iceland Target drones Market, By Build |
6.2.1 Overview and Analysis |
6.2.2 Iceland Target drones Market Revenues & Volume, By New Build, 2021-2031F |
6.2.3 Iceland Target drones Market Revenues & Volume, By Converted, 2021-2031F |
6.3 Iceland Target drones Market, By Engine Type |
6.3.1 Overview and Analysis |
6.3.2 Iceland Target drones Market Revenues & Volume, By IC, 2021-2031F |
6.3.3 Iceland Target drones Market Revenues & Volume, By Jet, 2021-2031F |
6.3.4 Iceland Target drones Market Revenues & Volume, By Others, 2021-2031F |
6.4 Iceland Target drones Market, By End Use |
6.4.1 Overview and Analysis |
6.4.2 Iceland Target drones Market Revenues & Volume, By Aerial Targets, 2021-2031F |
6.4.3 Iceland Target drones Market Revenues & Volume, By Ground Targets, 2021-2031F |
6.4.4 Iceland Target drones Market Revenues & Volume, By Marine Targets, 2021-2031F |
6.5 Iceland Target drones Market, By Target Type |
6.5.1 Overview and Analysis |
6.5.2 Iceland Target drones Market Revenues & Volume, By Full-Scale, 2021-2031F |
6.5.3 Iceland Target drones Market Revenues & Volume, By Sub-Scale, 2021-2031F |
6.5.4 Iceland Target drones Market Revenues & Volume, By Free-Flying, 2021-2031F |
6.5.5 Iceland Target drones Market Revenues & Volume, By Towing, 2021-2031F |
6.5.6 Iceland Target drones Market Revenues & Volume, By Sporting, 2021-2031F |
6.6 Iceland Target drones Market, By Application |
6.6.1 Overview and Analysis |
6.6.2 Iceland Target drones Market Revenues & Volume, By Combat Training, 2021-2031F |
6.6.3 Iceland Target drones Market Revenues & Volume, By Target & Decoy, 2021-2031F |
6.6.4 Iceland Target drones Market Revenues & Volume, By Reconnaissance, 2021-2031F |
6.6.5 Iceland Target drones Market Revenues & Volume, By Target Identification, 2021-2031F |
6.6.6 Iceland Target drones Market Revenues & Volume, By Target Acquisition, 2021-2031F |
6.7 Iceland Target drones Market, By Mode Of Operation |
6.7.1 Overview and Analysis |
6.7.2 Iceland Target drones Market Revenues & Volume, By Autonomous, 2021-2031F |
6.7.3 Iceland Target drones Market Revenues & Volume, By Remotely Piloted, 2021-2031F |
6.7.4 Iceland Target drones Market Revenues & Volume, By , 2021-2031F |
6.8 Iceland Target drones Market, By Payload Capacity |
6.8.1 Overview and Analysis |
6.8.2 Iceland Target drones Market Revenues & Volume, By High (>40 Kg), 2021-2031F |
6.8.3 Iceland Target drones Market Revenues & Volume, By Medium (20 Kg to 40 Kg), 2021-2031F |
6.8.4 Iceland Target drones Market Revenues & Volume, By , 2021-2031F |
7 Iceland Target drones Market Import-Export Trade Statistics |
7.1 Iceland Target drones Market Export to Major Countries |
7.2 Iceland Target drones Market Imports from Major Countries |
8 Iceland Target drones Market Key Performance Indicators |
8.1 Average flight time per drone before maintenance. |
8.2 Number of successful drone demonstrations and trials. |
8.3 Percentage of market share among different target drone manufacturers. |
8.4 Customer satisfaction ratings for target drone performance and reliability. |
8.5 Rate of adoption of target drones in military and industrial applications. |
9 Iceland Target drones Market - Opportunity Assessment |
9.1 Iceland Target drones Market Opportunity Assessment, By End-Use Sector, 2021 & 2031F |
9.2 Iceland Target drones Market Opportunity Assessment, By Build, 2021 & 2031F |
9.3 Iceland Target drones Market Opportunity Assessment, By Engine Type, 2021 & 2031F |
9.4 Iceland Target drones Market Opportunity Assessment, By End Use, 2021 & 2031F |
9.5 Iceland Target drones Market Opportunity Assessment, By Target Type, 2021 & 2031F |
9.6 Iceland Target drones Market Opportunity Assessment, By Application, 2021 & 2031F |
9.7 Iceland Target drones Market Opportunity Assessment, By Mode Of Operation, 2021 & 2031F |
9.7 Iceland Target drones Market Opportunity Assessment, By Payload Capacity, 2021 & 2031F |
10 Iceland Target drones Market - Competitive Landscape |
10.1 Iceland Target drones Market Revenue Share, By Companies, 2024 |
10.2 Iceland Target drones Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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