Global Drone Defense System Market is projected to reach USD 24.3 Billion by 2026 and is projected to grow at a 35.2% CAGR between 2020 and 2026. The rising incidences of security breaches by unidentified drones are primarily driving the growth of the market. Furthermore, the increasing terrorism and illicit activities across the World and FAA mandates for the identification of drones drive the growth of the market.
Market USP
Increasing the need to reduce or prohibit security breaches by drones.
Growth Opportunities in the Market
Identification & detection systems segment accounted for the largest market share in 2019: The identification & detection systems segment accounted for the largest market share in 2019. This is due to the increasing use of drone defense systems for the identification and detection of drones in the prohibited areas
The countermeasure systems segment is expected to register the highest CAGR during the forecast period due to the increasing use of countermeasure systems for capturing detected drones
Military & defense segment is expected to register the highest growth in the market: The military & defense segment accounted for the largest market share in 2019 and is expected to grow with the highest CAGR during the review period. This can be attributed to the increasing defense expenditure on the development and purchasing of drone defense systems for detecting and countering enemy drones.
The homeland security segment is expected to register a steady CAGR during the forecast period, primarily due to the increasing use of drone defense systems for detecting drones around the government facilities.
