New York, NY -- (SBWire) -- 04/16/2021 --The increasing number of terrorist activities globally, coupled with the rising instances of security breaches, will be a crucial factor driving the growth of the market over the forecasted period. However, the high cost of equipment will be a significant factor obstructing the growth of the market in the coming years.
Market Size – USD 641.9 Million in 2020, Market Growth - CAGR of 28.5%, Market Trends – Increasing measures being taken in the North American region to address security-related issues is primarily responsible for the high share of the market in recent years. Increasing investment being done by market players in the R&D department is another crucial factor for the high growth of the market in the coming years.
According to the current analysis of Reports and Data, the global Anti-Drone Systems market was valued at USD 641.9 Million in 2020 and is projected to grow at a CAGR of 28.5% from 2020 to 2028. Increasing demand for the Anti-Drone Systems market is driven by the rising terrorist activities globally, along with the increasing instances of security breaches, which is primarily responsible for the accelerated growth of the market over the forecasted period. Another factor that will affect the positive growth of the market is the proliferating drone industry, which is growing at a rapid pace. However, the high cost of equipment will be a massive hurdle for the growth of the market over the forecasted period. The risk of collateral damage during an Anti-Drone attack will be a major challenge for the growth of the market. Market players need to invest accordingly in the Research and Development of the Anti-Drone systems in order to overcome the hurdles in the market.
The market is segmented by Mode of Operation, Platform types, and End-Use. By region, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World. The North American region occupies the largest share of the market due to the necessary measures that are being undertaken in the region to address security-related issues. Presence of prominent market players in the region is another factor responsible for the high share of the region in the global Anti-Drone System market.
Key participants include Saab AB (Sweden), Raytheon Co. (U.S.), Blighter Surveillance Systems (U.K.), Dedrone (U.S.), Israel Aerospace Industries (Israel), Droneshield Ltd. (U.K.), Thales Group (France), Lockheed Martin Corp. (U.S.), Northrop Grumman Corp. (U.S.), and SRC, Inc (U.S.).
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Further key findings from the report suggest
- Rising safety concerns related to drone strikes is the main factor propelling the growth of the market over the forecast period.
- The factor restraining the growth of the market is the high cost of equipment that can deter potential consumers of the equipment.
- Detection & Disruption segments together occupied over 70% share of the industry in 2018. These segments are forecasted to hold a majority of the market through the forecasted period.
- North America dominated the market with a share of over 40% in 2018. Presence of prominent market players like Raytheon Co., Dedrone, and Lockheed Martin Corp., among others is credited for the high share of the market. The region is forecasted to be the largest region until the year 2026.
- Leading players in the market are focused on investing and improving their R&D capabilities in order to offer the latest technologies to gain a competitive advantage.
- According to the study, Lockhead Martin corp. is leading the market, occupying the largest share in the industry due to the company's wide array of offerings.
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/anti-drone-systems-market
For the purpose of this report, Reports and Data has segmented the Anti-Drone Systems market on the basis of Mode of Operation, Platform types, End-Use, and region:
Mode of Operation (Revenue, USD Million; 2018–2028)
Detection
Radar
Radio-Frequency
Electro-Optical
Infrared
Acoustic
Combined Sensors
Disruption
F. Jamming
GNSS Jamming
Spoofing
Laser
Nets
Projectile
Others
Both
Platform types (Revenue, USD Million; 2018–2028)
Ground-based
Hand-held
UAV-based
End-Use (Revenue, USD Million; 2018–2028)
Military & Defense
Commercial
Public places
High importance infrastructure
Households
Homeland Security
Regional Outlook (Revenue in USD Million; 2018–2028)
North America
Europe
Asia Pacific
Rest of the World
Middle East & Africa
Latin America
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Table of Content:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Introduction
2.2. Summary Snapshot, 2018 – 2028
2.3. Assumptions
2.4. Limitations
Chapter 3. Indicative Metrics
3.1. Rising Drone industry
3.2. Increasing security concerns
Chapter 4. Global Anti-drone Systems Market Segmentation & Impact Analysis
4.1. Global Anti-drone Systems Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market Indicators Analysis
4.2.2. Market Drivers Analysis
4.2.3. Market Restraints Analysis
4.2.4. Market Opportunities Analysis
4.2.4.1. High Demand in defense end-use
4.2.4.2. Reduction of risk of collateral damage
4.3. Regulatory Framework
4.4. Porter's Five Forces Analysis
4.5. PESTEL Analysis of Anti-drone Systems market
…..
Chapter 9. Competitive Landscape
9.1. Market Revenue Share By Manufacturers
9.2. Manufacturing Cost Breakdown Analysis
9.3. Mergers & Acquisitions
9.4. Market positioning
9.5. Strategy Benchmarking
9.6. Vendor Landscape
Chapter 10. Company Profiles
10.1. LCY Chemical Corp.
10.1.1. Company Overview
10.1.2. Financial Performance
10.1.3. Technology Insights
10.1.4. Strategic Initiatives
10.2. ExxonMobil
10.2.1. Company Overview
10.2.2. Financial Performance
10.2.3. Technology Insights
10.2.4. Strategic Initiatives
10.3. Royal Dutch Shell PLC
10.3.1. Company Overview
10.3.2. Financial Performance
10.3.3. Technology Insights
10.3.4. Strategic Initiatives
10.4. Maruzen Petrochemicals
10.4.1. Company Overview
10.4.2. Financial Performance
10.4.3. Technology Insights
10.4.4. Strategic Initiatives
10.5. Arkema S.A
10.5.1. Company Overview
10.5.2. Financial Performance
10.5.3. Technology Insights
10.5.4. Strategic Initiatives
10.6. Celanese Corporation
10.6.1. Company Overview
10.6.2. Financial Performance
10.6.3. Technology Insights
10.6.4. Strategic Initiatives
Continue…..
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Anti-Drone Systems Market Statistics, Business Opportunities, CAGR of 28.5%, Competitive Landscape and Industry Analysis Report by 2028
Market Size – USD 641.9 Million in 2020, Market Growth - CAGR of 28.5%, Market Trends – Increasing measures being taken in the North American region to address security-related issues is primarily responsible for the high share of the market in recent years. Increasing investment being done by market players in the R&D department is another crucial factor for the high growth of the market in the coming years.