CHICAGO, December 19, 2018 /PRNewswire/ --
According to the new market research report on "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", published by MarketsandMarkets, 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.
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The detection and disruption application to hold a larger share of the anti-drone market during the forecast period
The detection and disruption application is likely to continue to account for a larger share of the anti-drone market during the forecast period. Anti-drones are used for detection and disruption applications, especially in the military & defense sector wherein unauthorized drones that enter the prohibited area of any country need to be detected, as well as destroyed on the spot. The growth is also attributed to increased number of terrorist groups, which are demonstrating the ability to operate a wide range of drones, including armed systems.
Anti-drone market for the commercial vertical to grow at the highest CAGR during the forecast period
The anti-drone market for the commercial vertical is expected to grow at the highest CAGR during the forecast period. Key factors responsible for this growth include increased awareness and rapid development of inexpensive drones in the market. Drones are evolving beyond their military origin to become powerful business tools. They have already made the leap to the consumer market, and now they are being put to work in commercial applications such as firefighting, mining, surveying, and farming, among others. However, these drones create public safety concerns.
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The Americas to hold the largest share of the anti-drone market during the forecast period
The Americas is likely to account for a major share of the global anti-drone market during the forecast period. Factors contributing to the growth of this market include rising incidences of security breaches by unidentified drones and increasing terrorist attacks in countries in the Americas, especially in the US. The growth can also be attributed to the presence of several key players in this region, such as Airbus Defence and Space (US), Battelle Memorial Institute (US), Department 13 International Ltd. (US), DeTect, Inc. (US), and Lockheed Martin Corp. (US).
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Thales Group (US), Blighter Surveillance Systems Ltd. (UK), Lockheed Martin Corp. (US), Saab AB (Sweden), Raytheon Co. (US), Dedrone (US), Israel Aerospace Industries Ltd. (Israel), Security and Counterintelligence Group (SCG) LCC (Switzerland), DroneShield Ltd. (Australia), Liteye Systems, Inc. (US), Theiss UAV Solutions, LLC (US), BSS Holland BV (Netherlands), and Prime Consulting & Technologies (Denmark) are a few major players in the anti-drone market.
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