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Press Release / Business / Anti-Drone Market Size, Growth, Trend and Forecast to 2023

Anti-Drone Market Size, Growth, Trend and Forecast to 2023

By Chandrakant on October 03 2018 | 18 Views

[133 Pages Report] Anti-Drone Market categorizes global market by Technology (Laser, Kinetic, And Electronics), Application (Detection And Detection & Disruption), Vertical (Military & Defense, Homela

The anti-drone market is expected to grow from USD 342.6 Million in 2016 to USD 1,571.3 Million by 2023, at a CAGR of 25.9% between 2017 and 2023. The market is mainly driven by factors such as increased security breach incidences by unidentified drones and increased terrorism and illicit activities.

The anti-drone market is segmented on the basis of technology into electronics system, laser system, and kinetic system. Among these technologies, the market for the electronics system technology is expected to grow at the highest CAGR between 2017 and 2023. The major factor responsible for this growth is huge investment by key players in electronics system-based anti-drones across.

https://www.marketsandmarkets.com/Market-Reports/anti-drone-market-177013645.html

The anti-drone market is segmented on the basis of application into detection, and detection and disruption. The detection and disruption application is widely adopted in the market and will grow at the fastest rate during the forecast period. Detection and disruption systems have major applications in the military and defense and homeland security sectors, wherein the unauthorized drones entering into the prohibited area of any country are detected as well as disrupted on the spot.

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The anti-drone market is broadly classified on the basis of geography into the Americas, Europe, APAC, and RoW. The market in the APAC region is expected to grow at the highest CAGR during the forecast period. Major factors contributing to this growth include the development of new technologies in APAC to stop the increasing drone-related crimes and several ongoing developments in the market by the market players in this region.

Some key players in the anti-drone market are Thales Group (France), Blighter Surveillance Systems Ltd. (UK), Lockheed Martin Corp. (US), Saab AB (Sweden), Dedrone Inc. (US), Raytheon Co. (US), Israel Aerospace Industries Ltd. (Israel), SCG LLC (Switzerland), Droneshield Ltd. (Australia), Theiss UAV Solutions, LLC (US), BSS Holland BV (Netherlands), Prime Consulting & Technologies (Denmark), Advanced Radar Technologies SA (Spain), Department 13 International Ltd. (US), and Northrop Grumman Corp. (US).

The anti-drone technology is fairly new in the market, and the technologies used to manufacture anti-UAV systems are undergoing rigorous R&D. The market players that are introducing these new technologies are planning to patent them. The cost incurred in R&D is quite high owing to the use of laser and other costly technologies. Medium-sized and small players cannot afford to develop and deploy these systems due to the high initial investment required to develop these systems. Owing to this, the present demand for and supply of anti-UAV systems are limited.

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