Counter UAV market Demand and Growth Analysis with Forecast

Posted by Pallavi on September 26th, 2022

The constantly increasing use of drones in many applications is driving the demand for anti-drone technologies. Another reason that is likely to add significant fuel to the worldwide market expansion is the rising surge in terrorism around the world. In addition, the rise in security breaches caused by unauthorized unmanned aerial vehicles is expected to propel the global counter UAV market forward. Furthermore, the rapid deployment of unmanned aerial vehicles as a result of a decline in their pricing is propelling the global counter UAV market forward. Several public safety agencies and commercial organizations throughout the world are increasingly implementing anti-drone technologies to suit the increased demand for security.

According to the new research report titled “Counter UAV Market Forecast to 2028 – COVID-19 Impact and Global Analysis,” published by The Insight Partners, the market is expected to reach US$ 5,021.57 million by 2028, registering a CAGR of 14.7% from 2021 to 2028.

The rising terrorist attacks and political instability among various developed and developing countries are increasing the defense and homeland security forces to procure advanced solutions such as radar systems, communication systems, and anti-drone technologies. For instance, the US department of defense, the European Union, and other authorities such as the Indian defense ministry has increased their spending on the procurement of anti-drone over the years, leading the counter UAV manufacturers to adopt organic and inorganic growth strategies, such as high investments, product offerings, and global expansion.

Lockheed Martin Corporation, Thales Group, NORTHROP GRUMMAN, Leonardo S.p.A., and Rafael Advanced Defense Systems Ltd are some of the key market players operating in the global counter UAV market. The listing of key players is derived by considering multiple factors such as overall revenue, current counter UAV product portfolio, geographical reach, new product launches, market initiatives, and investment in technology up-gradation, partnerships, and other market-related activities. In addition to these players, there are several other important players operating in the counter UAV ecosystems which were studies analyzed during the course of this market research study, such asBlighter Surveillance Systems Ltd; DroneShield; DeDrone; General Dynamics Corp.; Rohde & Schwarz; and Hensoldt. Most of the market initiatives were observed in North America and Europe region, which have a high potential of market-related products, solutions, and services. Few of the important market initiatives from the industry are mentioned below:

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Key Findings of Study:

In 2020, North America accounted for the largest share in the global market, followed by Europe and APAC. In February 2021, The Department of National Defence (DND) of Canada published a Request for Information (RFI) seeking technology solutions that include the capacity of Counter Unmanned Aerial Systems (C-UAS). DND and the Canadian Armed Forces are looking for innovative scientific and technological solutions to meet Canada's classified military and security concerns through a classified call for proposal procedure, according to a request for information issued by Canada's Public Works department. Similarly, the US department of defense has major investment pipelines for procuring counter UAV solutions in the financial year 2022. The factors mentioned above contribute to the rapid growth of the market in the region.

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