According to the research report titled ‘Global Drone Defense System Market Size study, by Application (Drone Mounting, Ground Station), Technology (Identification & Detection, Countermeasures), End User (Military, Commercial, Homeland Security) and Regional Forecasts 2020-2027’, available with Market Study Report, global drone defense system market was worth USD 3.6 billion in 2019 and is projected to expand at 64.64% CAGR to be remunerated at USD 194.4 billion by the year 2027.
 

Rising concerns regarding potential drone safety threats, and increasing security breaches are the key factors stimulating global drone defense system market growth. In addition, increasing expenditure in military and defense vertical will further add to the overall market outlook.
 

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According to the SIPRI (Stockholm International Peace Research Institute), worldwide military spending surged by 2.6% in 2018, amounting to USD 1,822 billion. The top five spenders in 2018 were China, the United States, India, Saudi Arabia, and France, together accounting for 60% of global military spending.
 

Notably, drones have witnessed technological advances that enable them to carry out destructive missions. The military can launch these drones with lethal accuracy, inflicting destruction on enemy region. Drones are important weapon in combat owing to their extremely advanced and cutting-edge video cameras, robust stealth operation capabilities, and precision tactics.
 

On the downside, susceptibility of drones to spoofing, hijacking, hacking, and cloud attacks is likely to hamper worldwide drone defense system industry remuneration over the study period.
 

Based on application spectrum, the market is divided into ground station, and drone mounting. With respect to technology, global drone defense system industry is bifurcated into countermeasures, and identification & detection. Moving on to end user scope, the market is classified into homeland security, commercial, and military.
 

Geographically, North America presently holds considerable portion of global drone defense system market share, attributable to drone detection mandates setup by FAA (Federal Aviation Administration).
 

On the other hand, Asia Pacific industry is projected to gain traction over the coming years, owing to increasing number of security breaches.
 

Key players in global drone defense system market sphere are Rinicom Ltd., Drone Labs LLC, Blighter Surveillance Systems Ltd., DroneShield Ltd., Dedrone Inc., PrecisionHawk, Kelvin Hughes Limited (now Hensoldt UK), Leonardo S.p.A., Mistral Solutions Pvt. Ltd., and Thales Group.