by Brianna Crandall — March 11, 2016—According to a new market research report from MarketsandMarkets, the increasing use of drones around the world is somewhat ironically yet understandably spawning matching growth in the anti-drone market.
Drivers
The anti-drone market is expected to reach U.S. $1.14 billion by 2022, and is expected to grow at a compound annual growth rate (CAGR) of 23.89% between 2017 and 2022. The growth of the anti-drone market is driven by factors such as increased security breach incidents by unidentified drones, and increased terrorism and illicit activities.
Technology
Among the types of anti-drone technology, the electronics system market is expected to grow at the highest CAGR between 2017 and 2022, beating out the laser system and traditional kinetic system technology. The “huge” investment from key players in electronics system-based anti-drone systems, the low cost of development, and easily understandable technology are the key drivers for this growth.
Vertical segments
The military and defense segment is expected to hold the major share of the anti-drone market in 2016, and is expected to grow between 2017 and 2022, ahead of the commercial and homeland security vertical segments. The use of drones for border trespassing and smuggling has increased, resulting in concern for border security, and is a key driver for the anti-drone market in this segment.
Geographic regions
North America is expected to capture the largest market share in 2016, while the Asia-Pacific (APAC) market is expected to grow at the highest CAGR. Many of the countries grouped in the APAC region are developing countries, points out the report, wherein the number of commercial places, public venues, critical infrastructure and private properties is increasing. Public security at such places is a key driver for the APAC anti-drone market.
Key players
The report names the key players in the anti-drone market as the Boeing Company (USA), Airbus Group SE (Netherlands), Saab AB (Sweden), Blighter Surveillance Systems (U.K.), and Lockheed Martin Corporation (USA), and profiles the 13 most promising players. Market players are said to be mainly focusing on the development of advanced and improved anti-drone products.
Report
The report describes the anti-drone market trends, drivers, and challenges, and forecasts the market up to 2022. A Porter’s Five Forces analysis has been included in the report, with a description of each of its forces and their respective impact on the global market. The report gives a detailed view of the market across the four regions of the globe.
The 135-page Anti-Drone Market by Technology (Laser System, Traditional Kinetic System, Electronics System), Vertical (Military and Defense, Commercial, Homeland Security), and Region (North America, Europe, APAC, RoW) – Global Forecast to 2022 report is available for purchase from MarketsandMarkets.
