Visiongain Publishes Anti-Drone Market Report 2021-2031
30 October 2020
Visiongain has published a new report on Anti-Drone Market Report : Forecasts by Type (Laser, Electronic, Kinetic), by Application (Detection, Detect and Disrupt), by Platform (Portable, UAV Based, Ground based), by End Use (Defence, Commercial, Government) AND Regional and Leading National Market Analysis PLUS Analysis of Leading Companies AND COVID-19 Recovery Scenarios.
Global anti-drone market is estimated to be valued at US$ xx billion in 2021 and is projected to grow at a CAGR of xx% to reach a market value of US$ xx billion by 2031. The growth of anti-drone market can be attributed to the on account of increasing demand for all time intelligence, surveillance, and reconnaissance (ISR) solutions and the need for detect and disrupt illegal actions across the border. Anti-drone system uses various technologies to detect the suspicious movement of unknown drone in the country’s territory. Increasing terrorist activities, geopolitical instabilities, and border disputes are some of te factors propelled the demand for anti-drone technologies across the globe. In addition, countries across the globe are increasingly using drones for illegal transport of weapons, explosives and for communication purposes in order to reduce the human involvement in the illegal activities. Rising deployment of drones is also one of the main factors surged the demand for anti-drone systems across the defense sector.
Emerging economies in Asia-Pacific and Middle Eastern region such as India, China, UAE, and Saudi Arabia are investing significantly on enhancing their border surveillance across air, land and sea, which is one of the key factors propelling the market growth. Moreover, rising tension between India with China is also resulted in these countries to prioritize their investment on anti-drone technologies. Despite the global pandemic, India and China are expected to witness strong growth in the anti-drone market over the forecast period.
In the recent past, commercial sector such as oil & gas, transport and logistics companies are also deploying anti-drone technologies in order to improve their surveillance and monitoring capabilities. Development of camera drones, coupled with lack of regulations for operating smaller drones has resulted in incidents of security breach and identity theft across the globe. All the aforementioned factors are expected to support anti-drone market to grow considerably during the forecast period.
COVID-19 Impact on Anti-drone Market
Due to pandemic, the defense budgets are expected to shrink, resulting in the lower investment on the procurements in the next few years, which is expected to inhibit the anti-drone market growth until 2022. Europe is one of the major regional markets for anti-drone systems and t is anticipated that countries in this region are expected to reduce their spending on defense in coming years due the pandemic’s effect on GDP, which is likely to affect the market growth during 2021 and 2022. However, Covid-19’s impact on countries in Middle East and Asia-Pacific regions is limited considering the ongoing investment on defense procurement in these regions.
Due to the imposition of lockdown globally, the demand for anti-drone systems from commercial and government sectors has decreased drastically in the recent months
Some of the company’s profiled in this report include Raytheon Technologies Corporation, Lockheed Martin Corporation, Thales Group, Aselsan As, Israel Aerospace Industries Ltd., Leonardo S.P.A., Hensoldt, Boeing Co, Northrop Grumman Corp and Saab AB.
• In July 2020, US Department of Defense (DoD) has awarded a contract to Leonardo DRS for the development of anti-drone systems to protect their troops from drone threats. The overall value of the contract values US$ 190 million and the work is expected to be finished by the end of July, 2025.
• In August 2020, US Air Force has awarded a contract to SRC Inc. to supply counter drone systems and associated support services for the armed force. The contract is estimated to be less than the ceiling value of US$ 90 million. Under this contract, the company will supply SRC’s C-sUAS and related components to the US Air Force through 2028.
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