Kenneth Research, in its repository of market research reports, has recently added a report on Anti-Drone Market that emphasizes the latest trends, key opportunities, drivers, and challenges associated with the growth of the market during the forecast period, i.e., 2022 – 2031. The Anti-Drone Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.
The U.S. Market recovers fast; In a release on May 4th, 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Anti-Drone Market products.
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The global Anti-Drone Market was valued at USD 341.56 million in 2016 and is projected to reach USD 2,670.25 million by 2025, growing at a CAGR of 25.67% from 2017 to 2025.
Due to increase in ant-social activities and security breach reasons, the market is expanding at a high CAGR. Drone security is a very crucial and critical reason, all over the globe, causing the market to grow.
1. Market Drivers
1.1 Increased Security Breach Incidences By Unidentified Drones
1.2 Growingterrorist activities and Illicit acts
2. Market Restraints
2.1 High Initial R&D Expenditure
2.2 Public Safety Concern
1. Global Anti-Drone Market, by Technology:
1.1 Laser System
1.2 Traditional Kinetic System
1.3 Electronics System
2. Global Anti-Drone Market, by Application:
2.2 Detection and Disruption
3. Global Anti-Drone Market, by Vertical:
3.1 Military and Defense
3.2.1 Public Venues
3.2.2 Critical Infrastructure
3.3 Homeland Security
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4. Global Anti-Drone Market, by Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
1. Thales Group
2. Blighter Surveillance Systems Ltd.
3. Lockheed Martin Corp.
4. Saab AB
5. Dedrone Inc.
6. Raytheon Co.
7. Israel Aerospace Industries Ltd.
8. Security and Counterintelligence Group LLC
9. Droneshield Ltd.
10. Theiss Uav Solutions, LLC
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the Anti-Drone Marketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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