The global anti-drone market size is anticipated to rise remarkably in the coming years on account of the increasing cases of security breach by unidentified drones. The market is discussed in details in an upcoming report titled, “Anti-Drone Market Size, Share & Industry Analysis, By System (Neutralizing System, Detection System), By Technology (Electronic System, Laser System, Kinetic System), By Application (Detection, Detection & Disruption), By End-User (Government, Military & Defence, Commercial, Critical Infrastructure) and Regional Forecast, 2022-2029.”
The COVID-19 pandemic imposed a major setback on the world economy. The increasing number of coronavirus cases has put the healthcare sector under a major crisis owing to the lack of medical facilities, and professionals. The imposition of temporary lockdown for safety reasons by the governments of various nations have resulted in a huge loss for most of the businesses worldwide.
Fortune Business Insights has studied various markets impacted by the COVID-19 pandemic and are offering analytical reports on the same. These reports will help interested candidate accordingly plan ahead of the future.
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Impact of Russia-Ukraine War Implication
The war crisis and sanctions have put a strain on global investment, trade, and economic activity. Therefore, skepticism and uncertainty remain prevalent regarding the conflict, its potential reach, and its longevity. Accordingly, the restoration of normal relations among partners could prove be a sign of improvement. There is hardly any sector that the war has left untouched, especially aggravating the business landscape of sectors ranging from aerospace to oil & gas. Amidst prevailing challenges, stakeholders are gearing to turn adversities into opportunities. However, soaring military aid for Ukraine could provide impetus to stakeholders. Meanwhile, it is to be noted that the relevant sanction could augment operating costs and disrupt industries.
Drivers & Restraints
Rising Incidences of Security Breach to Propel Growth
Anti-drone system is used for inspecting the presence or entry of an unauthorized drone in a specific area. Therefore, there is a high demand for anti-drones for security issues from the defense sectors such as army, navy, and airforce. In addition to this, the increasing demand from government, and commercial sectors are also expected to promote the global anti-drone market growth. Moreover, the growth of the anti-drone technology and increasing investments on security against terrorist activities will also aid in expansion of the market in the coming years.
On the flipside, the high investments on R&D and the increasing concerns regarding public safety may pose challenge to the growth of the market. Despite this, the rising need for developing scalable and versatile anti-drones are expected to create lucrative growth opportunities for the market in the coming years.
Detailed Segmentation of Anti-Drone Market:
The global market for anti-drones is categorized on the basis of system, technology, application, end-user, and regions. Based on system, the market is bifurcated into detection system, and neutralizing system. In terms of technology, the market is classified into kinetic system, laser system, and electronic system. Amongst applications, the market is bifurcated into detection and detection & disruption. In terms of end-user, the market is grouped into government, public venues, military & defence, critical infrastructure, commercial, households, and others.
North America Dominated Market Owing to Rise in Government Initiatives
Among all regions, North America earned the largest anti-drone market share on account of the presence of key companies such as Liteye Systems Inc., Lockhead Martin Corporation, and others. On the other side the Europe market will witness notable growth in the forecast period on account of the rising investments from private-firms for installing the latest technology into anti-drones for better surveillance purposes. The growing use of commercial drones will help this regional market gain significant revenues in the coming years.
Furthermore, the market in Asia Pacific is expected to showcase rapid growth rate on account of the rising incidences of security breaches by unauthorized drones and improving defense sectors of various nations such as India, and China.
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Companies Focusing on Collaborative Strategies to Gain Momentum
Most of the companies operating in the market for anti-drone are engaging in developing technological solutions for enhancing the quality of products and to expand their brand presence. The other vendors are focusing on engaging in mergers and acquisitions, collaborative agreements, and similar strategies with government organizations to gain a competitive edge in the market.
July 2019 – Terra Drone Corporation, a Japanese company and NTDCCS IT Team entered into a collaboration for creating Terra Drones CCS, a venture to offer anti drone system to the Middle East Countries.
January 2019 – The US Defense solutions firm (SRC) and the US Army signed a $108 million worth contract for delivering an anti-drone technology called the Silent Archer counter-UAS system.
List of Companies Profiled in the Report:
- Liteye Systems, Inc. (The U.S.)
- Dedrone Holdings, Inc. (The U.S.)
- Blighter Surveillance Systems Ltd. (The U.K)
- Thales Group (France)
- Raytheon Company (The U.S.)
- Israel Aerospace Industries Ltd.(Israel)
- Saab Ab (Sweden)
- Droneshield Ltd.(Australia)
- Lockheed Martin Corporation (The U.S.)
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