DUBLIN--(BUSINESS WIRE)--The "Anti-Drone Market by Technology (Laser, Kinetic, And Electronics), Application (Detection And Detection & Disruption), Vertical (Military & Defense, Homeland Security, and Commercial), and Geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The anti-drone market 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.
This growth can be attributed to the increased security breach incidences by unidentified drones and increased terrorism and illicit activities. However, high initial R&D expenditure and public safety concerns restrict the growth of the anti-drone market.
The anti-drone market for the commercial vertical is expected to grow at the highest CAGR between 2017 and 2023. Key factors responsible for this growth include the increasing awareness and rapid development of inexpensive drones in the market, creating more public safety concerns. The market for the homeland security vertical is expected to grow at the second-highest CAGR between 2017 and 2023.
The Americas held the largest share of the anti-drone market in 2016 owing to the 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 market in APAC is expected to grow at the highest CAGR between 2017 and 2023. Major factors contributing to this growth include the development of new technologies in APAC to stop the increasing drone-related crimes and several ongoing developments in the market by the market players in this region.
- Advanced Radar Technologies SA
- BSS Holland BV
- Blighter Surveillance Systems Ltd.
- Dedrone Inc.
- Department 13 International Ltd.
- Droneshield Ltd.
- Israel Aerospace Industries Ltd.
- Lockheed Martin Corp.
- Northrop Grumman Corp.
- Prime Consulting & Technologies
- Raytheon Co.
- Saab AB
- Security and Counterintelligence Group LLC
- Thales Group
- Theiss Uav Solutions, LLC
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Anti-Drone Market, By Application
7 Anti-Drone Market, By Technology
8 Anti-Drone Market, By Vertical
9 Geographic Analysis
10 Competitive Landscape
11 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/3gxzrz/global_antidrone?w=4