The presence of a significant pool of big and small players in the global anti-drone market indicates a highly dynamic and competitive vendor landscape, as per a new study by Transparency Market Research (TMR). Keen players in the market are relying upon innovation to be progressive in this market that is competitive yet opportunity-laden, notes the study.
Some prominent players operating in the global anti-drone market include Blighter Surveillance Systems Ltd., Dedrone Detect Inc., DRONESHIELD, Boeing Co., Lockheed Martin Corporation, SAAB A.B., and Theiss UAV Solutions LLC.
A report by Transparency Market Research evaluated the global anti-drone market to be worth US$214.7 mn in 2016. Expanding at an impressive 19.9% CAGR between 2017 and 2025, the market is expected to attain a value of US$1,204.9 mn by 2025.
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North America to Display Notable Growth through 2025
Amongst end users, government and military dominate with the segments holding the leading share of the anti-drone market in 2016. The military is also predicted to display rapid growth amongst all end-use segments over the forecast period followed by the government.
In terms of anti-drone types, the segment of neutralizing system held the leading share in the market vis-à-vis revenue in 2016.
Region-wise, the global anti-drone market has been segmented into North America, Europe, Asia Pacific, the Middle East and Africa, and South America. North America is expected to display the leading growth, amongst all key regions, at a CAGR of 21.6% over the forecast period between 2017 and 2025.
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Reduced Prices of Anti-Drone Systems lead to Increasing Uptake for Commercial Applications
Across the world, need to counter security threat posed by unwanted intrusion of unmanned aerial vehicles (UAVs) and unmanned aerial systems (UASs) is the prime factor driving the anti-drone market. Several governments and law enforcement agencies in parts of the world have started to recognize the potential of security threats from UAVs and UASs. Anti-drone systems have the ability of tracking, locating, and detecting UAVs from a certain distance and thwart unlawful activities that may cause harm to civilian life.
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The commercialization of technologies for the development of anti-drone systems has also been stoking growth of this market. Local companies are coming up with their own versions of commercial anti-drone technologies, although they are not as lethal as those used by the military sector.
However, factors such as strict government regulations for deployment of anti-drone systems and high initial investments for the setup of the anti-drone manufacturing facility are acting as restraints to the growth of this market.
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