Anti-Drone Market Size Worth $1.85 Billion By 2024 | CAGR: 24.1%: Grand View Research, Inc.
SAN FRANCISCO, May 21, 2018
SAN FRANCISCO, May 21, 2018 /PRNewswire/ --
The global anti-drone market size is anticipated to reach USD 1.85 billion by 2024, according to a new report by Grand View Research, Inc., registering a 24.1% CAGR during the forecast period. Rising incidences of security violation by unauthorized UAVs and increased acts of terror and nefarious activities worldwide has primarily driven market growth.
Sharp rise in adoption of UAVs for leisure and professional applications has augmented personal as well as government concerns regarding aerial attacks. Rising threats of aerial attacks have opened up substantial new market opportunities for the evolution of counter-UAV measures. Various commercial establishments and public safety departments worldwide are increasingly deploying counter-UAV measures to address the ever-growing need for security.
Drones are being significantly used for various undercover activities such as spying and smuggling contraband. Although various prototypes have been developed to defend one drone at a time, key anti-drone solution providers across the world are making efforts to develop more mature solutions to counter multiple simultaneous drone threats.
Detection and disruption of Low, Slow, and Small (LSS) drones is rapidly becoming a critical factor for effective maintenance of security. Recreational and nano drones are progressively becoming sophisticated, resulting in the emergence of diverse new threats that need to be optimally dealt with by physical security systems of the future.
On the down side, high cost of technology and stringent federal enforcement are expected to challenge the adoption and usage of counter UAV measures over the forecast period. In the first quarter of 2016, during a wildfire in Southern California, multiple drones kept firefighters grounded by interfering in their operations. Immediately after that, the state senator introduced a new bill permitting firefighters to take down UAVs that were or might interfere with rescue operations.
Browse full research report with TOC on "Anti-Drone Market Size, Share & Trends Analysis Report By Mitigation Type, By Defense Type, By End Use (Military & Defense, Commercial, Government), By Region, And Segment Forecasts, 2018 - 2024" at: https://www.grandviewresearch.com/industry-analysis/anti-drone-market
Further Key Findings From the Report Suggest:
- Over the past few years, there have been a number of instances of drones being used for nefarious purposes. Due to their small size and even smaller footprint, drones are difficult to detect and mitigate against
- Military and defense is expected to emerge as the largest end-use segment over the forecast period due to increase in R&D activities by defense prime contractors; the market for anti-drone systems in military and defense applications is expected to cross USD 900 million by 2024
- Asia Pacific is anticipated to witness a CAGR of close to 30.0% over the forecast period owing to increasing government expenditure in development of aerospace infrastructure across emerging economies
- Prominent drone developers such as DJI have begun incorporating "no fly zone" restrictions onto onboard firmware of drones.
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Grand View Research has segmented the global anti-drone market on the basis of mitigation type, defense type, end use, and region.
- Anti-drone Mitigation Type Outlook (Revenue, USD Million, 2014 - 2024)
- Laser System
- Missile Effector
- Electronic Countermeasures
- Anti-drone Defense Type Outlook (Revenue, USD Million, 2014 - 2024)
- Detection & Disruption
- Anti-drone End-Use Outlook (Revenue, USD Million, 2014 - 2024)
- Military & Defense
- Anti-drone Regional Outlook (Revenue, USD Million, 2014 - 2024)
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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