DUBLIN–(BUSINESS WIRE)–Jan 4, 2019–The “Anti-Drone Market by Technology (Laser, Kinetic, and Electronics), Application (Detection, Detection & Disruption), Vertical (Military & Defense, Homeland Security, and Commercial), and Geography – Global Forecast to 2024” report has been added to ResearchAndMarkets.com’s offering.
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%.
Major factors driving the growth of this market are rising incidences of security breaches by unidentified drones and increasing terrorism and illicit activities across the world. Major restraints for this market growth are high R&D expenses and public safety concerns.
The military & defense vertical to hold the largest share of the anti-drone market during the forecast period
The military & defense vertical is expected to account for the largest share of the anti-drone market during the forecast period. The use of drones for border trespassing, smuggling, and spying has increased. As a result, the military & defense sector is likely to witness increased demand for an efficient anti-drone system in the coming years . Presently, countries are also giving importance to strengthening counter-drone measures to monitor terrorist activities, which would boost the demand for anti-drone systems in the near future.
The anti-drone market for laser systems to grow at the highest CAGR during the forecast period
The market for laser counter-drone systems is expected to grow at the highest CAGR during the forecast period. The Boeing Co. (US), Lockheed Martin Corp. (US), Rheinmetall Defense Electronics GmbH (Germany), and Raytheon Co. (US), among others, have been developing laser-based anti-drone systems. Laser systems mostly find their applications in the military & defense vertical owing to their great speed, significant flexibility, high precision, and low cost per shot.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Anti-Drone Market, By Application
7 Anti-Drone Market, By Technology
8 Anti-Drone Market, By Vertical
9 Anti-Drone Market, By Geography
10 Competitive Landscape
11 Company Profiles
Advanced Radar Technologies (ART)
BSS Holland Bv
Battelle Memorial Institute
Blighter Surveillance Systems Ltd.
Department 13 International Ltd.
Israel Aerospace Industries Ltd.
Liteye Systems, Inc.
Lockheed Martin Corp.
Northrop Grumman Corp.
Prime Consulting & Technologies
Security and Counterintelligence Group LLC
Theiss Uav Solutions, LLC
For more information about this report visit https://www.researchandmarkets.com/research/2fwbfm/antidrone?w=4
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Aerial Vehicles (UAVs) – Drones,Military
INDUSTRY KEYWORD: DEFENSE OTHER DEFENSE
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 01/04/2019 06:05 AM/DISC: 01/04/2019 06:05 AM