The global Anti-Drone market is estimated to be valued at USD 914.21 million in 2021 and is expected to exhibit a CAGR of 27.8% over the forecast period 2022-2030, as highlighted in a new report published by Coherent Market Insights.
A) Market Overview:
The Anti-Drone market refers to the services and products designed to detect, identify, and mitigate unmanned aerial vehicles (UAVs) or drones. With the rapid growth of drone technology in various industries, the threat of drones being used for malicious purposes has also increased. The need for effective anti-drone solutions has become crucial to protect critical infrastructures such as airports, public events, government facilities, and military bases.
B) Market Key Trends:
One key trend in the global Anti-Drone market is the increasing use of drones for illicit activities. Drones have been used for smuggling contraband into prisons, conducting unauthorized surveillance, and even disrupting public events. This has led to a growing demand for anti-drone technologies that can effectively detect and neutralize these threats. For example, DroneShield Ltd, one of the key players in the market, offers a range of solutions including drone detection and countermeasure technologies to protect against unauthorized drone activities.
C) PEST Analysis:
Political: Governments worldwide are acknowledging the potential threats posed by drones and are implementing regulations for their safe and secure use. For instance, the Federal Aviation Administration (FAA) in the US has implemented rules for drone registration and airspace restrictions.
Economic: The economic impact of drone incidents has been significant, leading to financial losses for businesses and disrupting operations. This has increased the demand for anti-drone technologies to mitigate these risks and protect assets.
Social: The increasing awareness of privacy concerns and security risks associated with drones has created a need for anti-drone solutions. The public and private sectors are looking for technologies to detect and neutralize drones, ensuring the safety and privacy of individuals.
Technological: Advancements in drone technology have made them more accessible and affordable for both commercial and illicit purposes. This has necessitated the development of advanced anti-drone technologies that can effectively counter these threats.
D) Key Takeaways:
In terms of market size, the global Anti-Drone market is expected to witness high growth, exhibiting a CAGR of 27.8% over the forecast period. This growth is attributed to increasing concerns regarding the use of drones for illicit activities. The demand for anti-drone solutions is driven by the need to protect critical infrastructures and ensure public safety.
In terms of regional analysis, North America is expected to be the fastest-growing and dominating region in the market. This can be attributed to the high adoption of drones in various industries, such as agriculture, construction, and media & entertainment. The region has witnessed an increase in drone incidents, leading to a rise in the demand for anti-drone technologies.
Key players operating in the global 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.
Overall, the global Anti-Drone market is expected to experience significant growth due to the increasing use of drones for illicit activities. The demand for anti-drone technologies is driven by the need to protect critical infrastructures and ensure public safety. Governments and businesses are actively investing in advanced anti-drone solutions to mitigate risks and safeguard their assets from unauthorized drone activities.
