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Anti-drone Market size to grow at a CAGR of 27.56% from 2022 to 2027; High demand for anti-drone systems for defense applications to drive growth - Technavio


NEW YORK, May 31, 2023 /PRNewswire/ -- The anti-drone market size is estimated to grow by USD 3,469.65 million from 2022 to 2027. Also, the growth momentum will progress at a CAGR of 27.56% during the forecast period. The market is segmented by Application (Military and Defense, Government, and Commercial), Technology (Electronic system, Laser system, and Kinetic system), and Geography (North America, APAC, Europe, Middle East and Africa, and South America). The market share growth by the military and defense segment will be significant for the overall market growth during the forecast period. In recent years, the use of drones has become more prevalent, which is increasing the need to combat unauthorized or potentially dangerous use. One of the major factors driving the market growth is the high demand for anti-drone systems for defense applications. Due to the increase in the number of terrorist attacks worldwide, the demand for anti-drone systems is expected to increase at a rapid pace for defense applications. Download a Sample Report now!

Anti-drone Market Insights -

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Anti-drone market - Vendor Insights

The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market's competitive landscape and offers information on several market vendors including Advanced Radar Technology, Airbus SE, Blighter Surveillance Systems Ltd., BSS Holland BV, CerbAir SAS, Dedrone Holdings Inc., Department 13 International Ltd., DroneShield Ltd., Israel Aerospace Industries Ltd., Lauren International, Liteye Systems Inc., Lockheed Martin Corp., Northrop Grumman Systems Corp., Rafael Advanced Defense Systems Ltd., Raytheon Technologies Corp., Rheinmetall AG, Saab AB, SCG Security and Counterintelligence Group LLC, Thales Group, and The Boeing Co.

Anti-drone Market ? Market Dynamics

Major Trends -

Increasing investments in R&D is the major trend in the market growth. It is a new trend in the aerospace and defense industry and the technologies used in the manufacturing of anti-drone systems are witnessing several R&D activities. Several vendors are also introducing new technologies and are planning to patent them. For instance, Boeing invested USD 11 million in developing a laser-based anti-drone system in the US. The system uses a 10-kilowatt laser that can hunt a drone using an array of hi-tech drone sensors.

Similarly, in March 2018, the US Navy awarded Lockheed Martin a USD 150 million contract for the development, manufacturing, and delivery of two high-power laser weapon systems, including intelligence, surveillance, and reconnaissance (ISR) and Counter-Unmanned Aircraft System (CUAS) capabilities by FY2020. Hence, such trends boost the growth of the anti-drone market during the forecast period.

Key challenges - 

Technological and regulatory challenges hinder the market growth of anti-drone during the forecast period. This technology involves detecting, monitoring, and countering drones but there are certain drawbacks associated with these technologies.

Moreover, the detection sensors, such as optical/thermal cameras, radars, acoustic, and radio, have limited range capabilities. Furthermore, the stringent federal regulations are hampering the adoption of anti-drone systems. Hence, such factors impede market growth during the forecast period.

Drivers, & Challenges have an impact on market dynamics and can impact businesses. Find some insights from a sample report!

The anti-drone market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.

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The drone robots market is estimated to grow at a CAGR of 31.59% between 2022 and 2027, and the size of the market is forecast to increase by USD 8,781.47 million. This report extensively covers market segmentation by type (commercial and consumer), application (aerial entertainment, geological prospecting, agricultural field, and others), and geography (North America, Europe, APAC, Middle East and Africa, and South America). The rise in applications of drone robots is the key factor driving the global drone robot market growth.

The military drone market is estimated to grow at a CAGR of 11.83% between 2022 and 2027, and the size of the market is forecast to increase by USD 7,429.04 million. This report extensively covers market segmentation by type (rotary blade, fixed wing, and hybrid), technology (remotely operated, semi-autonomous, and autonomous), and geography (North America, APAC, Europe, Middle East and Africa, and South America). The key developments in military drones are the factors driving the global military drone market growth.

Anti-drone Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 27.56%

Market growth 2023-2027

USD 3,469.65 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

26.56

Regional analysis

North America, APAC, Europe, Middle East and Africa, and South America

Performing market contribution

North America at 35%

Key countries

US, Saudi Arabia, China, India, and UK

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Advanced Radar Technology, Airbus SE, Blighter Surveillance Systems Ltd., BSS Holland BV, CerbAir SAS, Dedrone Holdings Inc., Department 13 International Ltd., DroneShield Ltd., Israel Aerospace Industries Ltd., Lauren International, Liteye Systems Inc., Lockheed Martin Corp., Northrop Grumman Systems Corp., Rafael Advanced Defense Systems Ltd., Raytheon Technologies Corp., Rheinmetall AG, Saab AB, SCG Security and Counterintelligence Group LLC, Thales Group, and The Boeing Co.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Application

7 Market Segmentation by Technology

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio


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