16 September 2019
The Commercial Counter-UAV market is estimated to witness a Compound Annual Growth Rate (CAGR) of 44.3 per cent from 2019 to 2029.
The rising vulnerability of sensitive government facilities, high-level politicians and large public crowds to domestic terrorist attacks is having a profound, driving effect on the market.
In recent years, several other factors have also had a positive effect on the Commercial C-UAV market. For example, the rate of close encounters between airliners and unmanned aircraft has increased, and there has been an industry-wide realisation that existing air defence systems and anti-aircraft weaponry are incapable of detecting, targeting and destroying small drones.
Visiongain anticipates that global investment and consolidation will be stratospherically strong over the next decade. The market’s good health is due to the factors listed above as well as the presence of established companies, such as Battelle, Black Sage Technologies, Blighter Surveillance Systems, Department 13, DroneShield, Liteye Systems, MyDefence Communication, Flex Force Enterprises, Robin Radar Systems and WhiteFox.
The senior aviation analyst said: "The Global Commercial Counter-UAV market is expected to generate sales of USD 292.5 million in 2019.
"The vulnerability of government facilities to domestic terrorist and espionage attacks, the rise in close encounters between manned and unmanned aircraft and the increase in popularity of using drones to smuggle contraband into secure premises will likely accelerate this market’s growth over the next few years.
"Indeed, by 2029, the Commercial C-UAV market will have surpassed the 10 billion-pound mark, achieving a total sales figure of USD 11.46 billion.
"Having said this, there are currently several restraining factors that present a challenge to this industry – such as an absence of international standards for the design of counter-drone technologies and significant uncertainty over the legality of using such systems in non-military environments."
Note for Editors
If you are interested in a more detailed overview of this report, please send an email to email@example.com or call her on +44 (0) 207 336 6100.
Visiongain is a leading business intelligence provider, publishing market reports for the automotive, aviation, chemicals, construction, cyber, defence, electronics, energy, food & drink, IT, maritime, materials, packaging, pharmaceutical, renewable energy, telecoms and utilities sectors.
We are one of the fastest growing and most innovative independent research companies in Europe. Based in London, UK, Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port-of-call for the business professional who needs independent, high-quality, original material to rely and depend on.
The rapid speed of new airport construction operation and the need to streamline the security screening process to reduce passenger waiting times both function as main factors for business development.
22 October 2020
Considering the pattern of industry in the space launch services market, Visiongain has studied the market on the basis of Launch vehicle type based on small vehicle and heavy vehicle segments. Small vehicle segment remains the highest revenue generating segment in the launch vehicle category
14 September 2020
Aerospace filters are one of the promising markets and investors should be mindful that the future belongs to broad aviation’s, drones and planes, whether they are manned or unmanaged. In addition, the market for filters in this industry is anticipated to increase with the increasing number of these craft.
14 September 2020
The baggage handling system market is about to enter a period of phenomenal growth and innovation. The next ten years will see the upsurge demand of baggage handling system.