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Artificial Intelligence Is Fastest Growing Segment Fueling The Growth Of Anti Drone Market

Ashish Thapa
Artificial Intelligence Is Fastest Growing Segment Fueling The Growth Of Anti Drone Market

Market Overview:

Anti drone systems utilize technologies like radiofrequency spectrum analysis, electro-optical/infrared cameras and acoustic detectors to detect unauthorized drones. These systems help neutralize threats posed by rogue drones to critical infrastructure.

Market key trends:

One of the key trends in the anti drone market is the increasing demand for counter drone technology equipped with radiofrequency spectrum surveillance capabilities. This technology offers enhanced drone detection range compared to traditional electro-optical/infrared cameras. It has ability to detect drones even in night conditions and rugged terrains. This had increased its adoption among defense agencies globally. Cyber security of counter drone systems against hi-jacking of captured drones is another focus area in development of advanced solutions. Innovation in AI and machine learning are also helping improve detection accuracy of counter drone 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.

Segment Analysis

The global anti drone market is segmented into product, technology, application, and geography. By product, the market is categorized into detection systems and neutralizing systems. Among these, the neutralizing systems segment accounted for the largest share of the market in 2022 and is expected to remain dominant over the forecast period. Neutralizing systems offer feasible solutions for countering rogue drones through effective jamming or interception of drone controller signals.

Key Takeaways

The global anti drone market size is expected to witness high growth, exhibiting a CAGR of 27% over the forecast period, due to increasing concerns regarding unauthorized surveillance and rising instances of misuse of drones.

Regional analysis:

North America dominated the global market in 2022 and is expected to continue its dominance over the forecast period. This is attributed to increased funding by the US Department of Defense for counter-drone technologies. Asia Pacific region is expected to witness the fastest growth rate over the forecast period due to rising geopolitical tensions and increasing investments by governments in counter-drone technologies.

Key players:

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. Lockheed Martin Corporation dominated the overall market share in 2022 owing to its strong product portfolio of anti-drone weapon systems. However, startups like DeTect Inc. and Dedrone are expected to pose significant competition and capture substantial market share over the forecast period.

Read More: https://www.dailyprbulletin.com/counter-uav-technologies-to-boost-the-growth-of-anti-drone-market-size-and-share-analysis/

Ashish Thapa
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