July 20, 2024
Anti Drone Market
Ict

The Growing Need For Safety And Security Is Anticipated To Open Up New Avenues For The Anti Drone Market

Market Overview:

The Anti Drone Market comprises systems and technologies that are used to detect, track and mitigate unidentified or hostile drones. The key types of products in this market include laser, electronics and kinetic systems. Laser systems use high powered lasers to disable drones by damaging their components. Electronic systems such as jammers detect and disable drone communication and navigation systems. Kinetic systems physically disable drones using projectiles. The rising cases of drone terrorism and security threats posed by unidentified drones have boosted demand for anti-drone technologies globally.

Market Dynamics:

One of the major drivers for the anti-drone market is the increasing threats of terrorism and security breaches using drones. Hostile actors and terrorist groups have started using commercial drones to carry out reconnaissance activities and attacks. For example, extremist groups such as ISIS have used drones for surveillance and to drop bombs. This has prompted governments and security agencies across the world to invest heavily in deploying counter-drone technologies. Secondly, the rising number of unauthorized drones entering restricted areas such as airports is also fueling the need for robust anti-drone solutions. Regulatory bodies in many countries have mandated use of counter-drone systems at sensitive facilities to ensure safety and security. Growing investments by defense agencies to tackle cross-border threats from adversarial drones is another key factor pushing the demand in this market.

The global Anti Drone Market Size is estimated to be valued at US$ 1493.16 Mn in 2023 and is expected to exhibit a CAGR of 27% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Segment Analysis

The Anti Drone Market can be segmented into detection system and mitigation system. Detection systems include radar, radio frequency, electro-optical and infrared systems, acoustic, and optical, whereas mitigation systems include jamming, interception, and directed energy weapons. Currently, the detection system segment dominates the Anti Drone Market due to the high demand for reliable and affordable detection technologies across various industries. The increasing cases of security threats and unlawful activities also contribute to the growth of detection system segment.

PEST Analysis

Political: Stringent government regulations for passenger safety and critical infrastructure protection are propelling the Anti Drone Market growth. Moreover, governments across countries are funding defense organizations to strengthen counter-drone technologies.

Economic: Growing defense budget allocation of different countries and rising terrorism incidents are fueling the market demand. Additionally, the improving economic conditions globally increase investments in counter-drone systems.

Social: Increasing awareness about security threats posed by unlawful drones drives the need to counter unauthorized drones. People are now more conscious about individual privacy and national security.

Technological: Advancements in AI, machine learning, and IoT have improved the efficiency of detection and mitigation systems. Emerging technologies help counter even mini and micro drones effectively and instantly.

Key Takeaways

The Global Anti Drone Market Size is expected to witness high growth, exhibiting 27% CAGR over the forecast period, due to increasing security threats and unlawful activities globally. North America dominates the market attributable to high defense spending and stringent aviation regulations in the US and Canada.

Regional analysis: Asia Pacific is projected to be the fastest growing region in the Anti Drone Market due to increasing defense budgets of major economies like China and India. Also, rising terrorism activities in the region boosts the demand.

Key players: Key players operating in the Anti Drone Market include Drone Defence, DeTect Inc., Zen Technologies Limited, DroneShield Ltd, METIS Aerospace Ltd, QinetiQ Group PLC, Thales Group, Lockheed Martin Corporation SRC Inc., Dedrone, SAAB AB, Raytheon Technologies Corporation, IAI Group, Citadel Defense, and Robin Radar Systems. DroneShield Ltd and Dedrone have established their dominance in counter drone technology.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it