Hostile drone risk powers anti-drone market
The anti-drone market is expected to grow from USD 499 million in 2018 to USD 2,276 million by 2024, at a CAGR of 28.8%. Researchers, Marketsandmarkets, publishers of this latest report say that the major factors driving the growth of the market are rising incidences of security breaches by unidentified drones and increasing terrorism and illicit activities across the world.
The detection and disruption application is likely to continue to account for a larger share of the anti-drone market during the forecast period. Analysts suggest that the growth is attributed to the increased number of terrorist groups, which are demonstrating the ability to operate a wide range of drones, including armed systems. Furthermore, detection and disruption systems have major applications in the military & defence and homeland security verticals wherein the entry of any unauthorised drone in the prohibited area of a country is detected, and then, the drone is disrupted on the spot.
The anti-drone market for the commercial vertical is expected to grow at the highest CAGR during the forecast period. Key factors responsible for this growth include increased awareness and rapid development of inexpensive drones in the market. Drones are evolving beyond their military origin to become powerful business tools. They have already made the leap to the consumer market, and now they are being put to work in commercial applications such as firefighting, mining, surveying, and farming, among others.
The Americas is likely to account for a major share of the global anti-drone market during the forecast period. Factors contributing to the growth of this market include increasing incidences of security breaches by unidentified drones and a rising number of terrorist attacks in American countries, especially in the US. The dramatic growth in drone accidents and incidences has raised fundamental questions about national security, public safety, privacy regulations. This compelled the government to deploy anti-drone systems to ensure safety and security from illicit drones. The growth can also be attributed to the presence of several key players in this region, such as Airbus Defence and Space (US), Battelle Memorial Institute (US), Department 13 International Ltd. (US), Detect, Inc. (US), and Lockheed Martin Corp. (US).
Thales Group (US), Blighter Surveillance Systems Ltd. (UK), Lockheed Martin Corp. (US), Saab AB (Sweden), Raytheon Co. (US), Dedrone (US), Israel Aerospace Industries Ltd. (Israel), Security and Counterintelligence Group (SCG) LCC (Switzerland), Droneshield Ltd. (Australia), Liteye Systems, Inc. (US), Theiss UAV Solutions, LLC (US), BSS Holland BV (Netherlands), and Prime Consulting & Technologies (Denmark) are a few of the major players cited by the researchers as being active in the anti-drone market.