Press release
Global Anti Drone Market Growth Prospects, Future Industry Landscape 2033
Anti Drone Global Market Report 2024
According to The Business Research Company's, The anti drone market size has grown exponentially in recent years. It will grow from $1.54 billion in 2023 to $1.94 billion in 2024 at a compound annual growth rate (CAGR) of 26.1%. The growth in the historic period can be attributed to government initiatives and spending, rise in unauthorized drone incidents, security concerns and threats, regulatory changes and standards, instances of drone-related disruptions.
The anti drone market size is expected to see exponential growth in the next few years. It will grow to $4.63 billion in 2028 at a compound annual growth rate (CAGR) of 24.2%. The growth in the forecast period can be attributed to regulatory changes, growth in counter, expansion of commercial drone usage, ai and machine learning integration. Major trends in the forecast period include public safety concerns, investments in r&d, growth in commercial drone usage, increased incidents of drone intrusions, collaboration and partnerships.
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Market Drivers and Trends:
The rise in the use of drones for terrorism and illicit activities is expected to propel the growth of the anti-drone market going forward. Terrorist activities refers to violence and anti-social activities done by terrorists. Anti-drone systems provide proactive and effective measures to counter the emerging threats of drones by terrorist groups by detecting, tracking, and neutralizing unauthorized drones to enhance security, the prevention of illicit activities, and the protection of critical assets. For instance, In January 2023, according to the Armed Conflict Location & Event Data Project (ACLED), a US-based non-governmental organization specializing in disaggregated conflict data collection, analysis, and crisis mapping, the Houthis, an Islamist political and armed organization carried out around 1,000 rocket/missile attacks and over 350 separate drone attacks by 2022, and whereas, guided rockets/missiles have climbed to 89% in 2022. Therefore, the rise in the use of drones for terrorism and illicit activities drives the growth of the anti drone market.
Product innovations are a key trend gaining popularity in the anti drone market. Major companies in the anti drone sector are focused on innovating their products to strengthen and sustain their position in the market. For instance, in June 2022, NovoQuad Group, a US-based security system supplier, introduced ND-BD003 handheld anti drone system, this handheld anti-drone system integrates detection, jamming, display, and control all in one, and it is a big leap forward from typical anti-drone jammers. This system will do radio detection automatically, significantly reducing workload and improving accuracy. Furthermore, by eliminating the additional connection, commissioning, and initialization processes, this system can begin working immediately after startup, considerably increasing reaction time. This technology is capable of interfering with invading drones' communication and navigation (GPS) signals, as well as reserving user-defined jamming frequency bands for customer selection.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
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Major Key Players of the Market:
Raytheon Technologies Corporation; Lockheed Martin Corporation; Israel Aerospace Industries; DroneShield Limited; DeTect Inc.; Dedrone Holdings; Liteye Systems Inc.; Saab AB; Thales Group; Enterprise Control Systems; Advanced Radar Technologies SA; Prime Consulting & Technologies; Selex ES; Rafael Advanced Defense Systems Ltd.; MBDA Missile Systems Inc.; Battelle Memorial Institute; Advanced Protection Systems; Airfence Solutions Ltd.; Avnon Group; Cerbair SAS; D-Fend Solutions; Mydefence Communication ApS; Blighter Surveillance Systems Limited; Zen Technologies Limited; Leonardo S.p.A.; Northrop Grumman; SRC Inc.; Moog Inc.; Accipiter Radar; Citadel Defense; Robin Radar Systems; METIS Aerospace Ltd.
Anti Drone Market 2024 Key Insights:
• The anti drone market will grow to $4.63 billion in 2028 at a compound annual growth rate (CAGR) of 24.2%.
• Surge In Illicit Drone Use Sparks Growth In Anti-Drone Market
• Product Innovations In Anti-Drone Technology
• North America was the largest region in the anti drone market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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