Power Tools Market worth $41.7 billion by 2024

According to the new market research report "Power Tools Market by Mode (Electric (Corded & Cordless), Pneumatic), Tool Type (Drilling & Fastening, Sawing, Demolition, Material Removal), Application (Industrial (Construction, Automotive, Aerospace, Energy), DIY) - Global Forecast to 2024", The power tools market is estimated to reach USD 41.7 billion by 2024 from USD 31.8 billion in 2019, at a CAGR of 5.5%.

Growing adoption of cordless power tools, increasing sales of commercial vehicles, rising demand for fastening tools in industrial environments, and growing construction industry in emerging economies are the key factors driving the growth of the power tools market. However, the high maintenance cost of power tools and fluctuations in raw material prices may hamper the growth of the market. The power tools market offers several opportunities for manufacturers to focus smart connectivity for power tools. The power tools manufacturers are facing challenges in designing ergonomic and lightweight power tools.

“Drilling and fastening tools to lead power tools market from 2019 to 2024”

Currently, drilling and fastening tools hold the largest market share among all other tool types in the power tools market, and a similar trend is likely to continue during the forecast period. Drills or impact drills are used for drilling and screw driving applications. Electric drilling and fastening tools are used by professionals and DIY consumers, while most pneumatic drilling and fastening tools are used in industrial environments such as automotive and aerospace manufacturing plants.

“Market for electric power tools to grow at fastest CAGR from 2019 to 2024”

Electric power tools are operated either through battery, based on application, or through corded power supply. Corded electric tools are plug-n-play tools, whereas cordless tools are easy to operate, efficient, and handy in nature. Due to their ergonomic advantages, end users prefer cordless tools over conventional tools. The European Union has already banned the use of nickel–cadmium (Ni-Cd) for power tool batteries due to the toxic properties of cadmium. Majority of manufacturers are focusing more on launching cordless tools powered by lithium-ion batteries. As a result, the demand for cordless electric power tools with lithium-ion batteries is likely to increase during the forecast period.

“Industrial application to hold largest market for power tools from 2019 to 2024”

Power tools are used in several industries, such as construction, automotive, aerospace, energy, and shipbuilding. The construction industry is at the leading position in the power tools market as these tools are used in a majority of construction projects. Automotive and energy industries are likely to have high growth opportunities in the near future owing to rising commercial vehicle sales and increasing installation of renewable power plants across the world. Fastening power tools have major applications in automotive, aerospace, and energy industries. Moreover, material removal tools are also used for polishing and finishing work in the automotive industry.

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“North America to be largest market for power tools during forecast period”

North America is expected to dominate the global power tools market during the forecast period. In North America, power tools are extensively used for both industrial and residential/DIY applications. The DIY trend is already prevalent among consumers in this region and is likely to continue to drive the demand for power tools, especially for cordless tools. The US is expected to hold the largest share of the North American power tools market. Manufacturing companies based in the US are expected to drive the demand for power tools. The construction industry is expected to witness significant demand in the near future, which will drive the demand for power tools.

Major players in the power tools market are Stanley Black & Decker (US), Techtronic Industries (Hong Kong), Robert Bosch (Germany), Makita Corporation (Japan), Hilti Corporation (Liechtenstein), Atlas Copco (Sweden), Apex Tool Group (US), Ingersoll-Rand (Ireland), KOKI Holdings (Japan), and Snap-on Incorporated (US).

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Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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Articulated Robot Market by Payload & Geography - Global Forecast 2023 | MarketsandMarkets

[151 Pages Report] The articulated robot market (excluding the cost of robotic peripherals, software, and system engineering) is expected to grow from USD 9.36 Billion in 2017 to USD 23.51 Billion by 2023, at a CAGR of 16.58% during the forecast period. The growth of the market is driven by factors such as increasing growing investments for automation in various industries and growing demand from SMEs in developing countries. The objectives of the study also include:

Robots with payload carrying capacity of up to 16.00 kg are expected to hold the largest share of the articulated robot market in 2018 owing to increased payload capacity, work envelope, reliability, and speed, articulated robots are used in several applications, including welding, painting, assembly, packaging, palletizing, depalletizing, machine tending, sealing, gluing, cutting, cleaning, deburring, die casting, grinding, polishing, material handling, case packing, pick and place, pre-machining, and press brake tending. However, the market for robots with payload carrying capacity of 16.01–60.00 kg is expected to grow at the highest rate during the forecast period.

Among all industries, the metals and machinery industry has been among the versatile industries for automation solutions. It performs several functions ranging from small details to higher performance in complex tasks. With growing demand for machines in industries, such as agriculture, packaging, and manufacturing, for various applications, the articulated robots market for the metals and machinery industry is expected to grow at the highest rate during the forecast period. However, the automotive industry is expected to hold the largest share of the articulated robot market in 2018.

Owing to the high rate of adoption of articulated robots in the automotive industry for handling heavy automotive parts and in the metal and machinery industry for handling heavy metal sheets and components, the handling function is expected to hold the largest share of the articulated robot market in 2018. However, the market for processing function is expected to grow at the highest CAGR during the forecast period.

Among all the regions, APAC is expected to hold the largest share of the articulated robot market in 2018; the market in this region is expected to grow at the highest CAGR during the forecast period. Adoption of articulated robots by countries such as China, India, Japan, and South Korea for a myriad of industrial applications contribute to the growth of the market in APAC. Also, the low cost of production enables various manufacturers to set up their manufacturing units in APAC.

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The articulated robot market ecosystem comprises robot manufacturers such as ABB (Switzerland), KUKA (Germany), Mitsubishi Electric (Japan), Fanuc (Japan), Kawasaki Heavy Industries (Japan), Denso (Japan), Omron Adept Technologies (US), Nachi-Fujikoshi (Japan), Yaskawa (Japan), and Seiko Epson (Japan).

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Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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Mercury Analyzer Market Size, Growth, Trend and Forecast to 2023 | MarketsandMarkets

[115 Pages Report] The mercury analyzer market was valued at USD 211.4 Million in 2017 and is estimated to reach USD 315.1 Million by 2023, at a CAGR of 7.0% during the forecast period. The base year considered for this study is 2017, and the forecast period considered is between 2018 and 2023.

The mercury analyzer market has been segmented on the basis of type into cold vapor atomic absorption and cold vapor atomic fluorescence. Cold vapor atomic absorption (CVAA) is expected to lead the market during the forecast period owing to its wide acceptance across various industries, such as mining, cement, and food, for determining the total mercury content in a given sample. CVAF is expected to grow with a highest rate during the forecast period.

Moreover, the market is segmented on the basis of end use into environment monitoring (air, water, and soil); food; oil, gas, & petrochemical; healthcare; and others. Among all the end uses, environment monitoring is leading in terms of market share as well as expected to grow at the highest rate.  Stringent government regulation to monitor and control mercury emission into atmosphere is the major factor driving the growth of this segment during the forecast period.

The mercury analyzer market has been segmented on the basis of region into North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW). APAC is estimated to be leading and the highest growing market for mercury analyzers due to increased mercury emission from growing industrialization and stringent regulations governing mercury emission and control. The increasing regulations pertaining to environment protection, along with active participation of government and regulatory bodies to monitor environmental conditions, and increased government funding for mercury pollution monitoring and control are the major factors contributing to the market growth in this region. Countries such as China, Japan, and India are the major revenue contributors to the market in this region.

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The mercury analyzer market is moderately competitive with limited global and local market players operating into the market. The key players operating in the market covered in this report are Teledyne Leeman Labs (US), Tekran (Canada), Thermo Fisher (US), PerkinElmer (US), Milestone (US), Analytik Jena (Germany),  Nippon Instruments (Japan),  Hitachi High-Technologies (Japan), Mercury Instruments (Germany), and Lumex (Canada), among others.

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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Wearable Display Market Size, Growth, Trend and Forecast to 2023 | MarketsandMarkets

[161 Pages Report] The wearable display market was valued at USD 1.05 Billion in 2017 and is expected to reach USD 3.37 Billion by 2023, at a CAGR of 20.33% during the forecast period. The base year used for this study is 2017 and the forecast period is between 2018 and 2023.

The report covers the market by display technology, panel type, product type, display size (diagonal), vertical, and geography. Head-mounted displays are likely to hold the largest share of the wearable display market, by product type, throughout the forecast period. Increasing use of AR HMDs or smart glasses in enterprise and industry applications is expected to drive the growth of the market for OLED-based head mounted displays. Moreover, AR can be used to teach complex maintenance procedures for factory equipment overlaying animation-based instructions and reference materials directly onto the physical gear. Many AR HMD or smart glass manufacturers are expected to target the enterprise and industry segment in the coming years.

The wearable display market in APAC is expected to grow at the highest rate during the forecast period owing to the presence of major display panel and brand product manufacturers in the region companies usually launch their products or technologies in their respective regions. Early exposure of the latest display products is driving the growth of the market in APAC.

However, the high cost associated with new display technology-based products and high power consumption by wearable devices are restraining the growth of the wearable display market. The fluctuating average selling price of panels poses a major challenge for display panel manufacturers. This report discusses the drivers, restraints, opportunities, and challenges pertaining to the wearable display market; analyzes the current market scenario; and forecasts market size till 2023.

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Major companies operating in the market are Samsung Electronics (South Korea), LG Display (South Korea), AU Optronics (Taiwan), Japan Display, (Japan), Sharp (Japan), BOE Technology (China), Tianma Microelectronics (China), Kopin Corporation (US), Truly Semiconductors (China), eMagin Corporation (US), Hannstar Display (Taiwan), Varitronix International (China), TCL Display Technology (China), Yunnan OLiGHTEK (China), Lumus Vision (Israel), Dresden Microdisplay (Germany), Jasper Display (Taiwan), Raontech (South Korea), E Ink (Taiwan), and Neovel Technologies (US).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Aircraft Actuator Market worth 20.13 Billion USD by 2022

According to the new market research report "Aircraft Actuator Market by Component (Electronic, Electrical, & Mechanical), Application (Power Generation, Power Distribution, Flight Control, Landing & Braking, Fuel, Avionics, & Health Monitoring), Aircraft Type and Geography - Global Forecast to 2022", the market is estimated to reach USD 20.13 Billion by 2022, at a CAGR of 9.5% between 2016 and 2022. The growing trend of more electric aircraft and increasing demand for commercial aircraft, globally, are the major drivers for the aircraft actuator market.

Health monitoring systems application expected to grow at the highest CAGR between 2016 and 2022

The market for health monitoring systems is expected to grow at the highest CAGR during the forecast period. The demand to increase aircraft availability and lower the costs by reducing unscheduled maintenance, aircraft downtime, and delays has boosted the demand for health monitoring systems which monitor various airplane systems and parts to effectively assess actual damages in real-time.

Generators expected to hold the largest market share and witness rapid growth during the forecast period

Among all the electrical and mechanical components types, generators accounted for the largest market share in 2015; this market is estimated to grow at the highest CAGR between 2016 and 2022. With the increasing requirement of electricity generation in the next-generation electric aircraft, the requirement of generators would also increase substantially during the forecast period.

Narrow body aircraft expected to lead the market for aircraft types

Narrow body aircraft had the largest market by aircraft type. The rapid growth in the aviation sector in emerging economies has created a huge market for low-cost aviation carriers and narrow body aircraft are widely preferred for domestic as well as international routes.

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Major players in the aircraft actuator market are Honeywell Aerospace, Inc. (U.S.), Rockwell Collins, Inc. (U.S.), Safran SA (France), UTC Aerospace Systems (U.S.), Woodward, Inc. (U.S.), Microsemi Corporation (U.S.), Infineon Technologies AG (Germany), and Vishay Intertechnology, Inc. (U.S.) among others.

This research report categorizes the global aircraft actuator market based on component, aircraft type, and application. This report describes the drivers, restraints, opportunities, and challenges for the growth of the aircraft actuator market. The Porter’s five forces analysis has been included in the report with a description of each of its forces and their respective impact on the aircraft actuator market.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Flip Chip Technology Market worth 31.27 Billion USD by 2022 with a growing CAGR of 7.1%

According to the new market research report "Flip Chip Technology Market by Wafer Bumping Process (CU Pillar, Lead-Free), Packaging Technology (2D IC, 2.5D IC, 3D IC), Packaging Type (BGA, PGA, LGA, SIP, CSP), Product (Memory, LED, CPU, GPU, SOC), Application and Geography - Global Forecast to 2022", the flip chip technology market is expected to grow from USD 19.01 Billion in 2015 to USD 31.27 Billion by 2022, at a CAGR of 7.1% between 2016 and 2022. The flip chip technology market is driven by factors such as increasing demand for miniaturization and high performance in electronic devices, and strong penetration in consumer electronics sector.

3D IC packaging technology to register the highest growth rate

On the basis of packaging technology, the flip chip technology market is segmented into 2D IC, 2.5D IC, and 3D IC packaging technology. With the semiconductor technology moving towards integration of diverse chips, 2.5D IC packaging technology and 3D IC packaging technology are becoming the mainstream trend in obtaining the integration objectives. Owing to the growing demand for increasing density, higher bandwidth, and lower power, design teams are expected to adopt 3D ICs with TSVs, which promise ‘more than Moore’ integration by packaging a great deal of functionality into small form factors, while improving performance and reducing costs.

Applications in consumer electronics held the largest market size and would also grow at the highest rate

Smartphones & tablets are observed to have the highest adoption among all the consumer electronic devices, owing to their small form factor and better performance requirements to operate at a higher bandwidth, at a relatively lower cost. The automotive market is expected to grow at a second-highest CAGR rate, catapulting the flip chip technology market further.

The market in Asia-Pacific to grow at the highest rate

The APAC held a large share of the overall flip chip technology market in 2015; moreover, the market in APAC is expected to grow at the highest CAGR between 2016 and 2022. Countries in Asia-Pacific are major manufacturing hubs and are expected to provide ample opportunities for the growth of the flip chip technology. The growing demand for high performance in smartphones and automotive MCUs is driving the market in this region.

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Major players in this market are Intel (U.S.), TSMC (Taiwan), Samsung (South Korea), and GlobalFoundries (U.S.), ASE group (Taiwan), Amkor Technology (U.S.), UMC (Taiwan), STATS ChipPAC (Singapore), Powertech Technology (Taiwan), and STMicroelectronics (Switzerland) among others.

On the basis of wafer bumping process, the flip chip technology market is segmented into copper pillar, lead free, tin/lead eutectic solder, and gold stud+ plated solder. The product segment consists of CPU, SoC, GPU, memory, LED, CMOS image sensor, and RF, mixed signal, analog, and power IC. On the basis of application, the market is segmented into consumer electronics, telecommunications, automotive, industrial sector, medical devices, smart technologies, and military and aerospace. The packaging type segment includes FC BGA, FC PGA, FC LGA, FC QFN, FC SiP, and FC CSP. The packaging technology in flip chip has been segmented into 2D IC, 2.5D IC, and 3D IC. This global report gives a detailed view of the market across the four regions, namely, Americas, Europe, Asia-Pacific, and the Rest of the World which includes the Middle East and Africa. The report profiles the 10 most promising players in the flip chip technology market.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Shelly Singh

MarketsandMarkets™ INC.

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Sensor Fusion Market worth 6.35 Billion USD by 2022 with a growing CAGR of 19.25%

According to the new market research report "Sensor Fusion Market by Technology (MEMS, Non-MEMS), Products (Inertial Combo Sensors, Radar+Image Sensors, IMU+GPS, Temperature Sensors+ Presure Sensors+ Humidity/ Light/ Gas Sensors), Application, and Geography - Global Forecast to 2022", the sensor fusion market is expected to be worth USD 6.35 Billion by 2022, growing at a CAGR of 19.25% between 2016 and 2022. The sensor fusion market has a huge potential across consumer electronics and automotive applications. The major factor driving the sensor fusion market across the world is the increasing demand for consumer electronic devices such as smartphones, wearable devices, gaming consoles, and smart TVs. The growth of the sensor fusion is also driven by growing trend of miniaturization in electronics.

The market for the home automation segment is expected to grow at the highest rate between 2016 and 2022

The market for home automation segment is expected to grow at the highest CAGR between 2016 and 2022. The sensor fusion technology is used for controlling and monitoring purposes in home automation application using different sensor data such as light control, in-house environment control, automatic appliance control, and security purpose.  The considerable growing demand for home automation devices around the world is expected to boost the sensor fusion market.

The market for the non-MEMS technology-based sensors would grow at the highest CAGR between 2016 and 2022

The market for the non-MEMS technology-based sensors is expected to grow at the highest rate. This high growth can be attributed to the growing need for the non- MEMS technology-based sensors such as radar and image in automobiles safety system such as ADAS.

APAC to hold the largest size of the sensor fusion market

The APAC region held the largest share of the sensor fusion market in 2015. One of the main reasons for the large share of APAC in this market is the growing demand for consumer electronic devices such as smartphones, tablets, and wearable devices in the region. China is the major market for sensor fusion in the APAC region owing to the increasing demand for consumer electronics products such as smart phones, tablets, wearables and gaming consoles in the country. China is the world’s largest automotive manufacturer, which is one of the prospective applications of sensor fusion for active safety in automobiles.

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The companies that are profiled in the report are STMicroelectronics (Switzerland), NXP Semiconductors N.V. (Netherlands), Renesas Electronics Corporation (Japan), InvenSense, Inc. (U.S.), Bosch Sensortec GmbH (Germany), Hillcrest labs (U.S.), Kionix Inc. (U.S.), Senion (Sweden), BASELABS (Germany), and Asahi Kasei Microdevices (Japan).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Shelly Singh

MarketsandMarkets™ INC.

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Anti-Drone Market worth $2,276 million by 2024 with a growing CAGR of 28.8%

According to the new market research report on "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", 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.

The detection and disruption application to hold a larger share of the anti-drone market during the forecast period

The detection and disruption application is likely to continue to account for a larger share of the anti-drone market during the forecast period. The growth is attributed to increased number of terrorist groups, which are demonstrating the ability to operate a wide range of drones, including armed systems. Furthermore, detection and disruption systems have major applications in the military & defense and homeland security verticals wherein the entry of any unauthorized drone in the prohibited area of a country is detected, and then, the drone is disrupted on the spot.

Anti-drone market for the commercial vertical to grow at the highest CAGR during the forecast period

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. Drones are evolving beyond their military origin to become powerful business tools. They have already made the leap to the consumer market, and now they are being put to work in commercial applications such as firefighting, mining, surveying, and farming, among others.

The Americas to hold the largest share of the anti-drone market during the forecast period

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 increasing incidences of security breaches by unidentified drones and rising number of terrorist attacks in American countries, especially in the US. The dramatic growth in drone accidents and incidences has raised fundamental questions about national security, public safety, privacy regulations. This compelled the government to deploy anti-drone systems to ensure safety and security from illicit drones. The growth can also be attributed to the presence of several key players in this region, such as Airbus Defence and Space (US), Battelle Memorial Institute (US), Department 13 International Ltd. (US), DeTect, Inc. (US), and Lockheed Martin Corp. (US).

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Thales Group (US), Blighter Surveillance Systems Ltd. (UK), Lockheed Martin Corp. (US), Saab AB (Sweden), Raytheon Co. (US), Dedrone (US), Israel Aerospace Industries Ltd. (Israel), Security and Counterintelligence Group (SCG) LCC (Switzerland), DroneShield Ltd. (Australia), Liteye Systems, Inc. (US), Theiss UAV Solutions, LLC (US), BSS Holland BV (Netherlands), and Prime Consulting & Technologies (Denmark) are a few major players in the anti-drone market.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Shelly Singh

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

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