Market Overview:
The anti drone market consists of technologies and equipment that are used to detect, identify and neutralize unauthorised drones. The key products in this market include laser systems, electronic systems, kinetic systems and others. Anti drone systems provide safety and security against illegal drones that can carry out unwarranted surveillance or smuggle any contraband materials. They play a crucial role in securing airports, military sites, public venues and critical infrastructure from unwanted drone activities.
Market key trends:
One of the major trends in the anti drone market is the growing preference for anti drone laser systems. Laser systems disrupt drones through non-kinetic methods such as sensing, tracking & identification, disabling communications links and confusing or overloading onboard camera systems. They provide solutions without incurring collateral damage or property loss which makes them suitable for security of populated areas. Another key trend is the increasing R&D towards the development of counter drones capabilities by integrating radars, RF detectors and electro-optical/infrared systems. This is expected to help counter even mini and micro drones in the future. Regulatory bodies worldwide are also formulating new norms and standards to monitor legitimate drone operations as well as incorporate counter UAV defense systems.
The global Anti Drone Market Size is estimated to be valued at US$ 1493.16 Mn in 2023 and is expected to exhibit a CAGR of 27% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Porter’s Analysis
Threat of new entrants: Low requirement of capital investment and technology to enter the market has increased the threat of new entrants. However, existing players dominance and strong brand value has created entry barriers.
Bargaining power of buyers: Buyers have high bargaining power due to availability of substitutes and undifferentiated products.
Bargaining power of suppliers: Suppliers have low bargaining power due to availability of alternative raw material suppliers and components manufacturers.
Threat of new substitutes: Threat of new substitutes is high due to development of alternative anti drone detection technologies like acoustic sensors, radio-frequency systems etc.
Competitive rivalry: Intense competition exists among existing key players to gain higher market share.
Key Takeaways
The Global Anti Drone Market Size is expected to witness high growth, exhibiting CAGR of 27% over the forecast period, due to increasing unlawful activities by non-state actors and rising security threats.
North America is expected to dominate the anti drone market owing to high defence budget and increasing investments for development of advanced anti drone systems in the US and Canada. Asia Pacific is anticipated to exhibit fastest growth in the anti drone market during the forecast period due to ongoing cross border terrorism and regional conflicts in countries like India and China
Key players operating in the anti drone market are Drone Defence, DeTect Inc., Zen Technologies Limited, DroneShield Ltd, METIS Aerospace Ltd, QinetiQ Group PLC, Thales Group, Lockheed Martin Corporation SRC Inc., Dedrone, SAAB AB, Raytheon Technologies Corporation, IAI Group, Citadel Defense, and Robin Radar Systems.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
