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Pharmacy benefit management market
Counter UAV Market REPORT OVERVIEW
The global counter UAV market size was USD 720 million in 2021 and market is projected to touch USD 10696 million by 2032, exhibiting a compound annual growth rate (CAGR) of 27.8% during the forecast period.
A counter UAV is designed to track, detect, and disrupt unmanned airborne vehicles in industrial and commercial applications. The technology is used to detect or intercept unmanned aircraft. The system is used to protect areas such as critical infrastructure, airports. Also, it is used in large public spaces such as military installations and battlefield sites, and stadiums.
Growing use of UAV in military troops is estimated to accelerate market growth. High investment by governments in the defense system is expected to fuel market expansion. Growing aerial danger is predicted to accelerate market growth. Rising investment in developing counter-drone technology is projected to drive market progress. Increasing concern about unauthorized drone activities is estimated to accelerate market growth. Rising criminal activities globally are expected to fuel market growth during the forecast period.
COVID-19 Impact: Poor Customer Services Affected Market Progress
COVID-19 pandemic affected market growth due to strict lockdown restrictions. The market witnessed value chain disruption. Poor customer service during pandemic impacted market growth. Lack of inputs from several industries reduced product demand. The size of the market declined to a great extent. Small purchases of the technology in the region such as Middle East and Africa, and Europe.
On the contrary, the market expected to bloom post-COVID-19 era due to political conflicts such as the South China Sea and the India-China. Also, during Russia Ukraine war, the product is expected to adopt extensively. Rising government initiatives to strengthen their defensive capabilities globally are anticipated to accelerate counter UAV market growth.
LATEST TRENDS
"Growing Security Threats Globally to Foster Market Progress"
Increasing security threats all around the world are estimated to fuel market growth. Growing crimes and illegal activities such as snooping, drug trafficking, surveillance, and radiological attacks are anticipated to accelerate technology adoption. Growing investment in developing air defense networks is predicted to fuel market growth during the forecast period. Rising malicious activities and rising need to ensure safety are projected to drive market expansion during the forecast period. Increasing demand from agriculture and farming, oil and gas inspection, weather and disaster monitoring, scientific research and power, aerial photography and filming is projected to drive market growth. Increasing need to control criminal activities globally is projected to drive market growth during the forecast period. The device can identify and locate drones at some distance to prevent unlawful activities. Growing need to save civilian life is anticipated to surge counter UAV market expansion
Counter UAV Market SEGMENTATION
- By Type
Based on type, the market is divided into hand-held C-UAV and UAV-based C-UAV.
UAV-based C-UAV is expected to be the leading part of the segmentation type.
- By Application
Based on the application, the market is divided into civil and military.
Military is expected to be the leading part of application segmentation.
DRIVING FACTORS
"Growth in Military Applications to Stimulate Market Growth"
Increasing adoption of drones in military applications is estimated to fuel market growth. High investment by governments in developing military application is anticipated to surge market growth. Military forces are extensively looking for high-end upgraded weapons is expected to accelerate market expansion. Increasing demand for advanced technology in the military sector is predicted to fuel market development. Growing misuse of unauthorized drones is projected to drive market expansion. Increasing number of wars and battles among countries is predicted to fuel market counter UAV progress during the forecast period.
"Increasing Need for Tracking and Detection to Accelerate Market Progress"
Growing demand for tracking and detecting is anticipated to accelerate market growth. The technology can detect drones for safety purposes. Such safety measure associated with the technology is estimated to fuel market growth. Increasing need to track devices or drones is projected to drive market growth during the forecast period. The technology can triangulate drone and control position. Such benefits are anticipated to surge market expansion during the forecast period. It has low cost, and identifying multiple drones is projected to drive market growth. It is highly mobile and quickly deployable. Such benefits are associated with technology to fuel counter UAV market growth.
RESTRAINING FACTORS
"False Detection to Hamper Market Growth"
Increasing chances of false detection are estimated to hamper market growth. Increasing number of unwanted drones developing a new technology called drone defender is predicted to hinder market growth during the forecast period.
Counter UAV Market REGIONAL INSIGHTS
"Increasing Defense Spending in North America to Drive Market Share "
North America is expected to have the largest part of the counter UAV market share due to increasing defense spending. Increasing concern about unauthorized drone activities is estimated to accelerate market growth. Rising criminal activities globally are expected to fuel market growth during the forecast period. Growing research and development (R&D) activities in the region are anticipated to accelerate market growth. Rising government initiatives for improving defense organizations are projected to drive market growth.
Europe is expected to show significant market expansion due to companies focusing on developing modern technology in the military sector. Increasing need to reduce criminal activities is projected to drive market expansion. Growing need to ensure public safety is predicted to fuel market growth during the forecast period.
Asia pacific is estimated to show considerable market growth due to rising security concerns about the misuse of commercial drones. Growing adoption of the technology in the airport premises is estimated to surge market growth during the forecast period. Increasing investment by major market players is anticipated to propel counter UAV market growth.
KEY INDUSTRY PLAYERS
"Leading Players Adopt Collaboration Strategies to Stay Competitive"
The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.
LIST OF TOP Counter UAV COMPANIES
- SRC (U.S.)
- Lockheed Martin (U.S.)
- Thales (France)
- Boeing (U.S.)
- Airbus Defence and Space (Germany)
- Dedrone (U.S.)
- Northrop Grumman (U.S.)
- DroneShield (Australia)
- Battelle (U.S.)
- Blighter Surveillance (U.K.)
- Aaronia AG (Germany)
- Chess Dynamics (U.K.)
- Enterprise Control Systems Ltd (ECS) (U.K.)
INDUSTRIAL DEVELOPMENT
December 2018 – Thales announced its collaboration with DroneShield. The Collaboration is for counter-drone products.
REPORT COVERAGE
This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 720 Million in 2021 |
Market Size Value By |
US$ 10696 Million by 2032 |
Growth Rate |
CAGR of 27.8% from 2021 to 2032 |
Forecast Period |
2024-2032 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered | |
By Type
|
|
By Application
|
Frequently Asked Questions
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What value is the counter UAV market expected to touch by 2032?
The global counter UAV market is expected to reach USD 10696 million by 2032.
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What CAGR is the counter UAV market expected to exhibit by 2032?
The counter UAV market is expected to exhibit a CAGR of 27.8% by 2032.
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Which are the driving factors of the counter UAV market?
Drivers of this counter UAV market are growth in military applications and increasing need for tracking and detection.
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Which are the top companies operating in the counter UAV market?
The top companies operating in the counter UAV market include SRC, Lockheed Martin, Thales, Boeing, Airbus Defence and Space, Dedrone, Northrop Grumman, DroneShield, Battelle, Blighter Surveillance, Aaronia AG, Chess Dynamics, and Enterprise Control Systems Ltd (ECS).