Dublin, Jan. 04, 2019 (GLOBE NEWSWIRE) -- The "Anti-Drone Market by Technology (Laser, Kinetic, and Electronics), Application (Detection, Detection & Disruption), Vertical (Military & Defense, Homeland Security, and Commercial), and Geography - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
The anti-drone market is expected to grow from USD 499 million in 2018 to USD 2,276 million by 2024, at a CAGR of 28.8%
Major factors driving the growth of this market are rising incidences of security breaches by unidentified drones and increasing terrorism and illicit activities across the world. Major restraints for this market growth are high R&D expenses and public safety concerns. The military & defense vertical to hold the largest share of the anti-drone market during the forecast period The military & defense vertical is expected to account for the largest share of the anti-drone market during the forecast period. The use of drones for border trespassing, smuggling, and spying has increased. As a result, the military & defense sector is likely to witness increased demand for an efficient anti-drone system in the coming years . Presently, countries are also giving importance to strengthening counter-drone measures to monitor terrorist activities, which would boost the demand for anti-drone systems in the near future. The anti-drone market for laser systems to grow at the highest CAGR during the forecast period The market for laser counter-drone systems is expected to grow at the highest CAGR during the forecast period. The Boeing Co. (US), Lockheed Martin Corp. (US), Rheinmetall Defense Electronics GmbH (Germany), and Raytheon Co. (US), among others, have been developing laser-based anti-drone systems. Laser systems mostly find their applications in the military & defense vertical owing to their great speed, significant flexibility, high precision, and low cost per shot. The anti-drone market in APAC is expected to grow at the highest CAGR during forecast period The anti-drone market in APAC is expected to grow at the highest CAGR of during the forecast period. Major factors contributing to this growth include the development of new technologies in APAC to reduce the growing number of drone-related crimes and several ongoing developments related to anti-drone systems by regional players. The Americas is likely to account for a major share of the global anti-drone market during the forecast period. Factors contributing to the growth of this market include rising incidences of security breaches by unidentified drones and increasing terrorist attacks in the Americas, especially in the US.
Key Topics Covered:
1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 4.1 Attractive Opportunities in Anti-Drone Market 4.2 Anti-Drone Market in APAC, By Vertical and Country 4.3 Anti-Drone Market, By Commercial Vertical 4.4 Anti-Drone Market, By Application 4.5 Anti-Drone Market, By Region 4.6 Country-Wise Analysis of Anti-Drone Market 5 Market Overview 5.1 Market Dynamics 5.1.1 Drivers 5.1.1.1 Rising Incidences of Security Breaches By Unidentified Drones 5.1.1.2 Increasing Terrorism and Illicit Activities Across the World 5.1.2 Restraints 5.1.2.1 High R&D Expenses 5.1.2.2 Public Safety Concerns 5.1.3 Opportunities 5.1.3.1 Need to Develop Versatile and Scalable Anti-Drone Systems 5.1.3.2 High Demand for Anti-Drones for Defense Applications 5.1.4 Challenges 5.1.4.1 Development of Cost-Effective Anti-Drone Systems for Commercial Use 5.1.4.2 Reduction in Risk of Collateral Damage 5.2 Value Chain Analysis 6 Anti-Drone Market, By Application 6.1 Introduction 6.2 Detection 6.2.1 Detection Application Expected to Hold Largest Share of Anti-Drone Market By 2018 6.3 Detection and Disruption 6.3.1 Anti-Drone Market for Detection and Disruption Application to Register Highest CAGR During Forecast Period 7 Anti-Drone Market, By Technology 7.1 Introduction 7.2 Laser System 7.2.1 Military & Defense Vertical Likely to Be Major Consumer of Laser-Based Anti-Drones 7.3 Kinetic System 7.3.1 Anti-Drone Market for Kinetic Systems to Witness Second-Highest CAGR During Forecast Period 7.4 Electronic System 7.4.1 Electronic Anti-Drones Likely to Hold Second-Largest Market Share By 2024 8 Anti-Drone Market, By Vertical 8.1 Introduction 8.2 Military & Defense 8.2.1 Military & Defense Vertical to Capture Largest Share of Anti-Drone Market in Coming Years 8.3 Commercial 8.3.1 Public Venues 8.3.1.1 Public Venues to Exhibit Second-Highest CAGR in Anti-Drone Market During Forecast Period 8.3.2 Critical Infrastructure 8.3.2.1 Anti-Drone Market for Critical Infrastructure to Register Highest CAGR in Next Few Years 8.3.3 Households 8.3.3.1 Privacy Concerns Will Drive Adoption of Anti-Drone Systems for Households 8.4 Homeland Security 8.4.1 Need for Security at Prisons, Airports, and Government Offices Propel Demand for Anti-Drone Solutions for Homeland Security 9 Anti-Drone Market, By Geography 9.1 Introduction 9.2 Americas 9.2.1 US 9.2.1.1 US Will Lead Anti-Drone Market By Accounting for Largest Market Share During Forecast Period 9.2.2 Canada 9.2.2.1 Canadian Market Demand Anti-Drones Owing to High Focus on Homeland Security and Critical Infrastructure Security 9.2.3 Mexico 9.2.3.1 Mexican Anti-Drone Market Growth Spurred By Illegal Activities Such as Drug Smuggling Across the US-Mexican 9.2.4 South America 9.2.4.1 South America Likely to Witness Highest CAGR in Anti-Drone Market During Forecast Period 9.3 Europe 9.3.1 UK 9.3.1.1 Year-On-Year Increase in Drone Incidents in UK Propels Anti-Drone Market Growth in Country 9.3.2 Germany 9.3.2.1 Increased Sighting of Drones Near Airports Encourage Germany to Deploy Anti-Drones 9.3.3 France 9.3.3.1 France Expected to Employ Anti-Drones Exclusively for Detection and Disruption Applications 9.3.4 Italy 9.3.4.1 Growing Demand for Anti-Drones From Military & Defense Vertical Will Surge Market Growth in Italy 9.3.5 Spain 9.3.5.1 Increased Threats Related to Border Security Pushing Spanish Government to Adopt Anti-Drones 9.3.6 Rest of Europe 9.3.6.1 Advances in Commercial Uav Technology and Increased Untoward Or Hostile Use of Uavs Prompt European Countries to Implement Anti-Drones 9.4 Asia Pacific 9.4.1 China 9.4.1.1 Development of Laser Weapons Leads to High Demand for Anti-Drones in China 9.4.2 Japan 9.4.2.1 Japan to Continue to Hold Largest Share of Anti-Drone Market in APAC During Forecast Period 9.4.3 India 9.4.3.1 Anti-Drone Market Growth in India Driven By Government Initiative to Deploy Anti-Drone Systems at Critical Infrastructure 9.4.4 South Korea 9.4.4.1 Rising Demand for Anti-Drone Systems From Military & Defense Vertical Will Accelerate Anti-Drone Market Growth in South Korea 9.4.5 Australia 9.4.5.1 Australia Likely to Exhibit Highest CAGR in Anti-Drone Market in APAC During Forecast Period 9.4.6 Rest of APAC 9.4.6.1 Anti-Drone Market in Rest of APAC for Commercial Vertical to Grow at Highest CAGR During Forecast Period 9.5 Rest of the World 9.5.1 Middle East 9.5.1.1 Technological Advancements in Uavs and Increased Frequency of Malicious Drone Attacks Would Surge Demand for Anti-Drones in Middle East 9.5.2 Africa 9.5.2.1 African Anti-Drone Market Growth Driven By Rising Demand From Military & Defense Vertical 10 Competitive Landscape 10.1 Overview 10.2 Ranking Analysis 10.3 Competitive Scenario 10.3.1 Product Launches/Developments and Expansions 10.3.2 Agreements and Contracts 10.3.3 Acquisitions, Collaborations, and Partnerships 11 Company Profiles 11.1 Introduction 11.2 Key Players 11.2.1 Thales Group 11.2.2 Lockheed Martin Corp. 11.2.3 Saab Ab 11.2.4 Raytheon Co. 11.2.5 Blighter Surveillance Systems Ltd. 11.2.6 Dedrone 11.2.7 Israel Aerospace Industries Ltd. 11.2.8 Droneshield Ltd. 11.2.9 Liteye Systems, Inc. 11.2.10 Security and Counterintelligence Group LLC 11.3 Other Key Players 11.3.1 Northrop Grumman Corp. 11.3.2 SRC, Inc. 11.3.3 Detect, Inc. 11.3.4 Theiss Uav Solutions, LLC 11.3.5 Battelle Memorial Institute 11.4 Innovators 11.4.1 Department 13 International Ltd. 11.4.2 Bss Holland Bv 11.4.3 Prime Consulting & Technologies 11.4.4 Advanced Radar Technologies (ART) 11.4.5 Dronedefence
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