Market Leader - Anti-Drone Market

 

The anti-drone market was valued at USD 0.6 billion in 2020 and is projected to reach USD 2.4 billion by 2025; it is expected to grow at a CAGR of 32.2% from 2020 to 2025. Major factors driving the growth of this market are increasing use of drones terrorism and illicit activities worldwide and rising incidences of security breaches by unidentified drones.

SRC, Inc. (US), Raytheon Technologies Corp. (US), Lockheed Martin Corp. (US), Thales Group (France), Blighter Surveillance Systems Ltd.(UK), Israel Aerospace Industries Ltd.(Israel), Leonardo S.p.A (Italy), Rafael Advanced Defense Systems Ltd. (Israel), DroneShield Ltd. (Australia), Liteye Systems, Inc. (US), Dedrone (US), Northrop Grumman Corp. (US), DeTect, Inc. (US), MBDA (Germany), Battelle Memorial Institute (US), Saab AB (Sweden), CACI International (US), and The Boeing Co. (US) are among a few major players in the anti-drone market. Most of the leading companies have used contracts and product launches as key strategy to boost their revenues.

Top 2 Market Players:

SRC, Inc. (US) (formerly known as Syracuse Research Corporation) is a privately-held not-for-profit research and development company offering solutions for defense, environmental, and intelligence applications. The company serves the US military with advanced RF system simulation, development, and analysis. SRC is applying its extensive background in electronic warfare, air surveillance, target detection, and tracking and classifying algorithms to help detect, track, and defend against low, slow, and small UAS threats. A few of its notable programs are Silent Archer Counter UAS Technology, Counter RCIED Electronic Warfare (CREW) Duke system, and LCMR counterfire radars (AN/TPQ-49 and 50). The company is focusing on various organic and inorganic growth strategies, such as product launches and contracts to expand its global presence and strengthen its position in the anti-drone market. The company has been able to win huge contracts from the US DOD due to the flexibility and adaptability of its solutions. For example, in July 2020, SRC has won a contract from the US Army -- worth up to USD 426 million over the next five years -- development, production, deployment, and support of the Expeditionary-Low, Slow, Small Unmanned Aircraft System Integrated Defeat System (E-LIDS).

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=177013645

Raytheon Technologies Corp. (US) is an aerospace and Defense Company that provides advanced systems and services for commercial, military, and government customers worldwide. Raytheon conducts extensive R&D activities to continually enhance its existing products and services and develop new products and services to meet its customers’ changing needs and requirements. Raytheon uses technologies such as sensing capabilities, non-kinetic effects, microwave energy, laser, and radar to engage classes of threats from small drones up to tactical ballistic missiles. One of the most significant strategies adopted by Raytheon is to obtain big contracts to continuously expand its business and customer base. The company is best positioned as a US defense contractor. It has been awarded several contracts, which resulted in the expansion of the company’s business. The company is focusing on inorganic growth strategies, such as contracts, partnerships, and collaborations to strengthen its position in the anti-drone market. For example, in August 2020, Raytheon Missiles & Defense, a Raytheon Technologies business, and Rafael Advanced Defense Systems Ltd., an Israeli-based defense technology company, have signed a joint venture to establish an Iron Dome Weapon System production facility in the United States.

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. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441