Companies In The Global Anti-Drone Market Expedite Product Innovations to Stay at Forefront in the Industry; To Top A Market Valuation of USD 7.4 Bn: Report Fact.MR
SEOUL--(Korea Newswire) July 20, 2022 -- As per the latest market analysis by Fact.MR, a market research and competitive intelligence provider, the global anti-drone market is expected to reach a valuation of USD 7.4 billion by the end of 2032 while expanding at an impressive CAGR of 20.9% over the assessment period.
Drone neutralization equipment promises notable growth and a dynamic shift in the anti-drone market. Moreover, the emergence of cost-effective and open-source UAVs with new advanced technology is driving the market positively. On top of this, military and defense spending by various governments has increased substantially due to rise in safety concerns, and thereby, the anti-drone market has been showing an upwards trajectory.
There has been a steady rise in the sales of drones in the U.S. and Chinese markets, which has led to a rise in the use of anti-drones. This promises a positive stance and dynamic change in demand. Additionally, governments are striving to make anti-drones more accessible in emerging countries. With a diverse number of end-use applications of anti-drones, such as homeland security, airport operations, and commercial security providers, the market is set to witness significant growth over the coming years.
Why is Asia Pacific such a significant market for anti-drone systems?
In China's military and defence industries, significant investments are being made in the development of anti-drone technologies. Security agencies as well as the military deploy these anti-drone technologies. Drone assaults or drones gathering intelligence have become far more likely in recent years.
These factors are expected to cause the China anti-drone market to grow quickly at a CAGR of 22.3 percent. Regional growth is being influenced by the increasing number of manufacturers who are seizing control of the market and government support for R&D.
Key Takeaways from Market Study
· Global anti-drone market poised to expand at CAGR of 20.9% reaching valuation of USD 7.4 billion by 2032.
· On the basis of component, the market is projected to be dominated by drone detection equipment, which is projected to account for 34.3% market share by 2032.
· Europe likely to be most attractive regional market and is projected to utilize more than USD 2 billion value of anti-drones by 2032.
· By end user, military and defense likely to account for 1/3 revenue share and create an absolute dollar opportunity of USD 2.4 billion over assessment period.
· 1 km - 4 kms anti-drones projected to grow 8.2X by value, while 4 kms - 25 kms drones to grow 6.7X during the forecast period.
· North American region expected to register a CAGR of 19.2% over the forecast period to be valued at USD 1.7 billion by 2032-end.
“Research & development of new and advanced technologies to widely impact anti-drone market positively,” says a Fact.MR analyst
Key Segments Covered in Anti-Drone Industry Survey
· Anti-Drone Market by Component :
-Drone Detection Equipment
a) Drone Detection Radars
b) RF Spectrum Analyzers
c) Acoustic Sensors
d) Video Surveillance Systems
-Drone Neutralization Equipment
a) Stationary and Mobile Jammers
b) Interception Systems
c) Counter-Drone Lasers
d) Drone Capture Nets
-Concealed Threat Detection Systems
-Long-range Acoustic Devices (LRAD)
a) Security and Integration Software
b) Video Enhancement and Analysis Software
· Anti-Drone Market by Range :
-over 200 Mtr Anti-Drone Systems
-200 Mtr to 1 Km Anti-Drone Systems
-1 Km to 4 Km Anti-Drone Systems
-4 Km to 20 Km Anti-Drone Systems
-below 25 Km Anti-Drone Systems
Sales of anti-drones are heavily regulated and restricted only to government contractors and authorized suppliers. Manufacturing companies are adopting research & development as their primary strategy to stay ahead of the competition and comply with various regulations and norms. As new technologies are being adopted at a higher pace, the market scenario is highly dynamic.
Prominent market players have started manufacturing customized products for specific purposes. To meet the tailored requirements of the industry, market players are diversifying their product portfolios. Some manufacturers have started producing anti-drones for emerging and new end-use sectors, wherein, governments have been regulating the open source sale of anti-drones.
More Valuable Insights Available
Fact.MR, in its new offering, presents an unbiased analysis of the global anti-drone market, presenting historical demand data (2017-2021) and forecast statistics for the period of 2022-2032.
The study divulges essential insights on the market based on component [drone detection equipment (drone detection radars, RF spectrum analyzers, acoustic sensors and video surveillance systems), drone neutralization equipment (stationary and mobile jammers, interception systems, counter drone lasers and drone capture nets), concealed threat detection systems, long-range acoustic devices, software (security & integration software and video enhancement & analysis software)], range [<200 mtrs, 200 mtrs - 1 km, 1 km - 4 kms, 4 kms - 25 kms and >25 kms] and end user [homeland security departments, military & defense departments, airport operators, commercial security service providers, critical infrastructure owners and others], across six major regions (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).
· Sales of Drone Neutralization Equipment in 2022
· Competitive Analysis of Anti-Drone Market
· Demand Analysis of RF Spectrum Analyzers
· Key Trends of Supply Side Analysis of Anti-Drone Market
· Outlook of Anti-Drone Market
· Insights of Concealed Threat Detection Systems
· Analysis of Anti-Drone Market
· Survey of Anti-Drone Market
· Size of Anti-Drone Market
Anti-Drone Market Report: https://www.factmr.com/report/anti-drone-market
Drone Market Analysis: https://www.factmr.com/report/62/drone-market
Drone Batteries Market Survey: https://www.factmr.com/report/1887/drone-batteries
Drone Motor Demand: https://www.factmr.com/report/1888/drone-motor-mar
Drone Accessories Market Insights: https://www.factmr.com/report/1889/drone-accessori
This is a news release distributed by Korea Newswire on behalf of this company.