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%. A few key factors
driving the growth of this market are increasing terrorism and illicit
activities across the world and rising incidences of security breaches by
unidentified drones.
Lasers
are increasingly being used to destroy or burn UAVs. Companies are making
efforts to develop technologically advanced laser-based anti-drones to increase
the targeting capability of the anti-drone system. However, the laser system is
costlier than any other anti-drone technologies due to which very few players
are using this system.
The
detection and disruption application is likely to continue to account for a
larger share of the anti-drone market during the forecast period. Anti-drones
are used for detection and disruption applications, especially in the military
& defense sector wherein unauthorized drones that enter into the prohibited
area of any country need to be detected and destroyed on the spot.
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 for the commercial vertical is expected to grow at the
highest CAGR during the forecast period. Key factors responsible for this
growth include increased awareness and rapid development of inexpensive drones
in the market; however, these drones create public safety concerns.
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.
Opportunities
for the growth of the market include the need to develop versatile and scalable
anti-drone systems and high demand for anti-drones for defense
applications. Drones are becoming
smaller in size owing to the advancing drone technologies; therefore, the use
of small drones has increased dramatically over the years. Hence, several
companies are engaged in manufacturing compact anti-drone systems.
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