LONDON--(BUSINESS WIRE)--The global counter unmanned aerial vehicle defense system market size is poised to grow by USD 580.12 million during 2020-2024, progressing at a CAGR of about 10% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.
The growing popularity of electronic warfare has compelled countries across the world to focus on strengthening their electronic attack capabilities. This has led to the development of systems that are capable of attacking through noise jamming, decoys, deceptive jamming, and high-speed anti-radiation. Hence, there is a growing need for the development of counter UAV capabilities that can defend against hostile UAV attacks through electronic warfare. Developed countries such as the US have already deployed UAVs for reconnaissance and armed missions for the military. Similarly, other military bodies across the globe are acquiring UAVs or developing them indigenously to strengthen their armed forces. Thus, the rising focus toward electronic warfare is expected to foster the growth of the global counter unmanned aerial vehicle defense system market during the forecast period.
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Report Highlights:
- The major counter unmanned aerial vehicle defense system market growth came from the detection systems segment in 2019. This is due to the increasing number of companies that offer security technology services.
- North America was the largest market for counter unmanned aerial vehicle defense system in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. This is attributed to the rapid deployment of counter UAV defense systems in the region.
- The global counter unmanned aerial vehicle defense system market is concentrated. Aaronia AG, Airbus SE, CACI International Inc., Blighter Surveillance Systems Ltd., Leonardo Spa, Lockheed Martin Corp., Raytheon Technologies Corp., Saab AB, SRC Inc., and Thales Group are some of the major market participants. To help clients improve their market position, this counter unmanned aerial vehicle defense system market forecast report provides a detailed analysis of the market leaders.
- As the business impact of COVID-19 spreads, the global counter unmanned aerial vehicle defense system market 2020-2024 is expected to have negative. As the pandemic spreads in some regions and plateaus in other regions, we revaluate the impact on businesses and update our report forecasts.
Read the full report here: https://www.technavio.com/report/counter-unmanned-aerial-vehicle-defense-system-market-industry-analysis
Public support for the development of countermeasures against UAVs will be a key market trend
Countries across the world are rapidly changing or relaxing their regulations related to the use of UAVs. For instance, the US Congress has proposed the Federal Aviation Administration to relax the regulations on the use of UAVs and increase their deployment in the domestic airspace. This has raised concerns over privacy intrusions and security threats posed by UAVs considering the UAV attack of two oil installation sites in Saudi Arabia which happened in September 2019. Hence, to prevent such attacks, the demand for counter UAV defense systems is expected to increase during the forecast period.
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Counter Unmanned Aerial Vehicle Defense System Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist counter unmanned aerial vehicle defense system market growth during the next five years
- Estimation of the counter unmanned aerial vehicle defense system market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the counter unmanned aerial vehicle defense system market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of counter unmanned aerial vehicle defense system market vendors
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Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Type
- Market segments
- Comparison by Type
- Detection systems - Market size and forecast 2019-2024
- Detection and disruption systems - Market size and forecast 2019-2024
- Market opportunity by Type
Customer Landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Aaronia AG
- Airbus SE
- CACI International Inc.
- Blighter Surveillance Systems Ltd.
- Leonardo Spa
- Lockheed Martin Corp.
- Raytheon Technologies Corp.
- Saab AB
- SRC Inc.
- Thales Group
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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