According to the new market research report on the anti-drone market and global forecast to 2023, the sector is expected to grow from USD 342.6 Million in 2016 to USD 1,571.3 Million by 2023, at a CAGR of 25.9% between 2017 and 2023. The market is mainly driven by factors such as increased security breach incidents by unidentified drones and increased terrorism and illicit activities.
Researchers from Marketsandmarkets found that the military and defence vertical captured the largest share of the overall anti-drone market in 2016. The use of drones for border trespassing, smuggling, and spying has increased. As a result, the demand for an efficient anti-drone system is expected to rise in the coming years in the military and defence sector. The commercial vertical accounted for the second-largest share of the overall anti-drone market in 2016.
The anti-drone market for the detection and disruption application is expected to grow at the highest CAGR during the forecast period. This is mainly due to the major applications of detection and disruption systems in the military and defence and homeland security sectors, wherein the unauthorised drones entering into the prohibited area of any country are detected as well as disrupted on the spot.
The report cites that the Americas accounted for the largest share of the overall anti-drone market in 2016. Factors contributing to the growth of this market include increasing number of security breach incidents by unidentified drones and increasing terrorist attacks in the American countries, especially the US. This compelled the government to deploy anti-drone systems to ensure safety and security from drones in this region.
The report also profiles the most promising players in the market. The competitive landscape of the market is highly dynamic because of the presence of a significant number of big and small players. Some of the key players in the market include Thales, Lockheed Martin, Saab, Dedrone, Raytheon, Israel Aerospace Industries, Droneshield, Theiss UAV Solutions and Advanced Radar Technologies.
