Global anti-drone market is projected to surpass a valuation of USD 3,064 million by the year 2026, according to the latest research available at Market Study Report LLC, report provides complete overview of anti-drone market considering all the major industry trends, market dynamics and competitive scenario.
According to the report, the increasing instances of misuse of drones and surging terrorist activities across the globe would primarily drive the industry growth during the forecast timeframe. Traffickers and smugglers are increasingly deploying drones for spiteful and felonious activities, thus elevating the demand for anti-drones. In addition to these factors, technological developments and increasing funding in research & development will further impel the market expansion.
According to analysts, there is a huge threat to pivotal infrastructure from drones. Numerous cases of drone overflights at the power and nuclear stations have been recorded in the last few years. For instance, in the year 2014, after a number of incidences citing the overflights of reactors, French regulators invested an amount of $1.1 Mn for detecting, identifying, and neutralizing small airborne drones.
Of late, there has been a tremendous surge in cyber-attacks and spoofing. Spoofing refers to taking charge of a drone through hacking of radio signals and transmitting commands to the aircraft from some other control station. In most cases, cyber-attacks steal or delete valuable data. The complaints filed against the ill use of drones also comprise smuggling contraband to prisons, burglary, snooping, and mid-air near misses among others. Terrorists are using drones to collect valuable intelligence about their opponents. In essence, these factors have amplified the adoption of anti-drone systems, cites the report.
According to the regional segmentation, North America amassed the biggest revenue share in the anti-drones market in the year 2017. Not to mention, the region is also projected to lead the global market throughout the estimated period. The key propellers for the anti-drone market in North America belt include surging instances of security breaches by anonymous drones and escalating terrorist activities. North America allocates high budgets for military spending and R&D programs, which adds momentum to product demand.
The end-user spectrum of the anti-drone market includes government, defense & military, commercial, and others. As per the report, the use of anti-drones in the military segment has surged due to increasing cases of spying, smuggling, and trespassing.
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Key highlights of the global anti-drone market as per the report:
- In terms of revenue, the global market was dominated by the defense & military segment in the year 2017.
- In terms of regional penetration, North America is anticipated to be the biggest contributor to the market revenue during the projected period.
- Recent incidences of civil unrest and riots have enhanced the demand for anti-drones in North America.
- On the global front, the rising need for border security and threats from bordering nations will augment the adoption of anti-drones.
The key organizations profiled in the report include Blighter Surveillance Systems Ltd., Saab AB, Raytheon Co., Thales Group, Lockheed Martin Corp., Dedrone Inc, Northrop Grumman Corp., Droneshield Ltd., Theiss UAV Solutions, LLC, Israel Aerospace Industries Ltd., among others. As per the findings of the report, market majors stick to tactics such as new product launches and collaborations with other distinguished industry players to bolster their product portfolio and enhance foothold in the business sphere.
The anti-drone market study also provides an all-exhaustive synopsis of market dynamics, market forces, key opportunities, regional landscape, competitive profiling, industry trends, ranking analysis, and technological bifurcation for well-informed business decisions.