Anti-Drone market to reach $1.2B by 2025
April 24, 2019 By UAV Canada Staff
The global anti-drone market was evaluated at US$214.7 million in 2016, according to a new report by Transparency Market Research (TMR), which continues to explain this growing market is expected to reach US$1.2 billion by the end of 2025.
The global anti-drone market is expected to register a 19.9 per cent CAGR during 2017-2025. TMR explains government and military are expected to emerge as the largest end-users in the anti-drone market.
The anti-drone market in North America is expected to register the highest growth in terms of revenues, according to TMR, while India and China are expected to drive the market through a 21.6 per cent CAGR for the Asia Pacific region, based on a demand for defense applications.
The global anti-drone market depicts a competitive and fragmented landscape, thanks to a large number of small and large players, reports TMR, which continues to explain the players are competing with innovation to ahead of drone technology.
Some key players in the global anti-drone market are Blighter Surveillance Systems Ltd., DRONESHIELD, Lockheed Martin, Theiss UAV Solutions LLC, Boeing, Dedrone Detect Inc., and SAAB A.B.
Countries like India have already put regulations in place and cleared way for their wide-scale manufacturing, explains TMR. Due to their low-price and nearly limitless reach in potential offensive military applications, anti-drone market players are focused on catering to a precise sensitive demand.
The growing research in anti-drone technology, explains TMR, points to the existence of a multiple passive surveillance technology which would enable localization, detection, and remote jamming. There is also a growing support for increasing border safety and procuring advanced defense technology to do so, according to TMR.
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