High Growth Industry that Most Investors are Overlooking Part 1
Anti Drone Market to Grow USD 5098.4 Million by 2028 with a CAGR of 25.2%
BANGALORE, India, June 17, 2022 /PRNewswire/ -- The global Anti Drone market is segmented By Type (Detection System Detection and Disruption), By Application (Military and Defense, Commercial, Homeland Security) : Opportunity Analysis and Industry Forecast, 2022–2028. It is published in Valuates Reports under the Business & Industrial Category.
Due to the COVID-19 pandemic, the global Anti Drone market size is estimated to be worth USD 1323.8 Million in 2022 and is forecast to be a readjusted size of USD 5098.4 Million by 2028 with a CAGR of 25.2% during the review period.
Major factors driving the growth of the Anti-Drone Market
Unmanned aerial vehicles (UAVs) for commercial and recreational users have increased dramatically over the world. As a result, incidences of public safety infractions and important government infrastructure have increased dramatically. The finding and identification of these drones have played a significant role in preserving security, resulting in an increase in the anti-drone market.
Furthermore, issues such as the growing usage of drones for terrorism and unlawful activities around the world, as well as an increase in unidentified drone security breaches are driving the anti drone market growth.
TRENDS INFLUENCING THE GROWTH OF THE ANTI DRONE MARKET
The increasing use of anti drones in military and defense applications is expected to drive the anti drone market growth. Drones are increasingly being used for espionage, attacking with armed drones, and even smuggling. This has required the use of anti-drone technologies by military and defense industries throughout the world. The anti-drone market is predicted to increase as a result of this issue. Detection systems and disruption units are two types of anti-drone systems utilized by the military. The detection system is used for detecting, classifying, identifying, locating, and alerting. The detection and disruption units, on the other hand, are employed to physically destroy the drone, neutralize it, or take control of it.
The anti-drone market is predicted to increase in response to the rising demand for drone detection at airports. Drones, according to aviation experts, pose a significant threat. When a drone collides with an airplane or a terror group utilizes armed drones, the resultant catastrophic damage poses a clear security danger to airports. At the same time, the risk of a drone incident is rising due to an all-time high in the number of remote-controlled drones for private use, including video-equipped aerial vehicles. Airports are prone to future costly interruptions, safety accidents, and potential security breaches without a clear protocol or adequate technology in place. To detect such UAVs, an anti-drone system can be employed at the airport.
The rapid rise in the availability and sophistication of Unmanned Aerial Vehicle (UAV) poses a serious issue, as their capabilities advance faster than the ability to assess and mitigate the threat posed by malevolent small Unmanned Aerial Vehicle. As a result, a number of governments are investing in homeland security to protect against Unmanned Aerial Vehicle strikes. The anti-drone market is predicted to increase as a result of this issue. For example, the United States' Science and Technology Directorate's (S&T) program evaluates Counter UAV technologies in both lab and real-world operational environments and assists DHS Components in developing and refining requirements, completing the Congressionally-mandated 6 UAV 124n process to test and evaluate prototype C-UAV capabilities at a covered asset or mission, and executing limited-duration C-UAV technology pilots at DHS Component locations.
ANTI DRONE MARKET SHARE ANALYSIS
Based on application, the detection and disruption segment is expected to be the most lucrative during the forecast period. This is due to the growing demand for opposing, identifying, and disrupting drones. It's commonly employed in military, defense, and homeland security applications.
Based on Type, the military and defense segment is expected to be the most lucrative during the forecast period. . This is due to the pressing need for adaptable anti-drone systems to combat UAV-based terrorism, smuggling, surveillance, and border protection
Based on region, North America is expected to be the most lucrative region during the forecast period. This is due to rising cases of security breaches, terrorist attacks, and privacy concerns.
ANTI DRONE MARKET SEGMENTATIONS
- Detection System
- Detection and Disruption
- Military and Defense
- Homeland Security
- The Boeing Company
- Airbus Group SE
- SAAB AB
- Thales Group
- Lockheed Martin Corporation
- Israel Aerospace Industries
- Selex Es S. P. A.
- Blighter Surveillance Systems
- Raytheon Company.