Drone Defense System Market Size to Reach USD 16460 Million by 2026 at CAGR 36.7% | Valuates Reports
BANGALORE, India, March 10, 2021 /PRNewswire/ -- The Drone Defense System Market is Segmented by Type (Identification & Detection, Countermeasures, Others), Application (Military, Commercial, Homeland Security, Others): Global Opportunity Analysis and Industry Forecast, 2021-2026. This report is published on Valuates Reports in the Industrial Materials & Equipment Category.
The global Drone Defense System market size is projected to reach USD 16460 Million by 2026, from USD 2528.2 Million in 2020, at a CAGR of 36.7% during the Forecast Period 2021-2026.
Major factors driving the growth of drone defense system market size are the need for countermeasure systems to detect counter drones and identification systems to detect unregulated commercial drones hovering in the airspace.
This report focuses on Drone Defense System volume and value at the global level, regional level, and company level. From a global perspective, this report represents the overall Drone Defense System market size by analyzing historical data and prospects.
Regionally, this report focuses on several key regions: North America, Europe, Japan, China, Southeast Asia, India, etc.
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COVID-19 IMPACT ON DRONE DEFENSE SYSTEM MARKET SIZE
Because of the recent COVID-19 outbreak, the growth of the drone defense system market size took a dip with sluggish sales of anti-drone systems from the European and Middle East regions. However, the market for drone defense systems is projected to rise at a consistent pace in the post-COVID-19 period, as governments continue to improve their defense capabilities for tackling unpredictable geopolitical tensions such as the India-China standoff or the dispute in the South China Sea.
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TRENDS INFLUENCING THE DRONE DEFENCE SYSTEM MARKET SIZE
Rising Incidences of Security Breaches by Unidentified Drones is expected to drive the growth of drone defense system market size. The use of drones for various applications, including surveillance and tracking, search and rescue operations, agriculture, and aerial photography has increased dramatically. In order to monitor and regulate the use of drones, various laws have been introduced by countries such as the US, Brazil, and China. There are, however, several instances of security breaches by unidentified drones, particularly in military establishments and public places such as airports, military bases, and prisons. This has in turn increased the global demand for drone defense systems.
Also, rising terrorism and illegal activities around the world along with the FAA's drone detection mandates are expected to further fuel the growth of drone defense system market size.
On the other hand, rising concerns regarding hacking, privacy, and defense, as well as public safety concerns, are expected to restrict market growth to some degree.
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DRONE DEFENCE SYSTEM MARKET SHARE ANALYSIS
Based on application, the drone mounting segment is expected to hold the largest drone defense system market share during the forecast period.
Drone mounting systems are mounted majorly on military drones for tracking, identification, and mitigation of other nearby drones. This category is expected to be driven by a growing frequency of terrorist attacks.
Based on technology type, the identification & detection segment is expected to hold the largest drone defense system market share.
Based on region, the Asia-Pacific region is expected to witness the highest growth in the drone defense system market.
China is the main growth driver of the drone defense system market in Asia-Pacific. It is expected that the deployment of surveillance drones by Asia-Pacific countries will promote the production of robust drone defense systems for the military.
DRONE DEFENSE SYSTEM MARKET SEGMENTATION
Segment by Type, the Drone Defense System market is segmented into
- Identification & Detection
- Countermeasures
Segment by Application, the Drone Defense System market is segmented into
- Military
- Commercial
- Homeland Security
- Others
The major vendors covered:
- Thales Group
- Mistral Solutions Pvt. Ltd.
- Leonardo S.P.A.
- Kelvin Hughes Limited
- Precision Hawk
- Dedrone
- Droneshield
- Blighter Surveillance Systems Ltd.
- Dronelabs LLc
- Rinicom Ltd
- Aaronia Ag
- Advanced Protection Systems Sp. Z O.o.
- Rheinmetall Ag
- Orelia Sas
- Others.
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SIMILAR REPORTS :
- Military Drone market size was USD 9615.8 Million in 2019 and it is expected to reach USD 15120 Million by the end of 2026, with a CAGR of 6.6% during 2021-2026.
- Electronic Warfare Market size is projected to reach USD 26,260 Million by 2026, from USD 21,880 Million in 2019, at a CAGR of 2.6% during the forecast period 2021-2026.
- Drone Software market size is projected to reach USD 7868.4 Million by 2026, from USD 1095.7 Million in 2020, at a CAGR of 38.9% during 2021-2026. Drone Software is mainly used for three applications: Construction, Agriculture, Mining, and Others. And Construction was the most widely used area which took up about 37.76% of the global total in 2017.
- Drone Services market size is projected to reach USD 5453.2 Million by 2026, from USD 3696 Million in 2020
- Unmanned Aerial Vehicle (UAV) market size is projected to reach USD 24700 Million by 2026, from USD 10160 Million in 2019, at a CAGR of 13.3% during 2021-2026. The report provides detailed segments based on product type and applications to better understand each segment that influences the Unmanned Aerial Vehicle (UAV) Market growth.
- Small Drones market size is projected to reach USD 12090 Million by 2026, from USD 8042.1 Million in 2020, at a CAGR of 7.0% during 2021-2026.
- Drone Payload market size is projected to reach USD 8469.9 Million by 2026, from USD 4991.3 Million in 2020, at a CAGR of 9.2% during 2021-2026.
- Multirotor Drones market size is projected to reach USD 3209.4 million by 2026, from USD 1575.7 Million in 2020, at a CAGR of 12.6% during 2021-2026.
- VTOL UAV market size was USD 1700.1 Million and it is expected to reach USD 3068 Million by the end of 2026, with a CAGR of 8.7% during 2021-2026. As for the global VTOL UAV industry, the top three manufacturers have 82.79% revenue market share in 2015. The Chinese giant DJI, which had 62.03% market share in 2015, is the leader in the VTOL UAV industry. The manufacturers following are Parrot SA, 3D Robotics and AscTec, which respectively has 14.66%, 2.10% and 0.68% market share globally.
To see the full list of related reports on the Drone Defense System
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