Drone Defense System Market: Revenue and growth prediction till 2028 with covid-19 Impact Analysis
The drone defense system market was estimated at USD 2.6 billion in 2022 and is likely to grow at a CAGR of 62.33% during 2023-2028 to reach USD 48.58 billion in 2028.
Stratview Research on the Drone Defense System Market provides a thorough analysis of the market that can help users to understand the competitive dynamics and different factors driving or restraining industry growth.
Market Insights
The drone defense system market was estimated at USD 2.6 billion in 2022 and is likely to grow at a CAGR of 62.33% during 2023-2028 to reach USD 48.58 billion in 2028.
What is a drone defense system?
The drone defense system is used by modern defense groups for viewing and analyzing threats and also at times for other activities such as bombing.
The drone defense system makes use of technologies such as identification & detection and countermeasures. Drone mounting and ground station are the two applications of the drone defense system.
Market Dynamics
The necessity for countermeasure systems to perceive counter drones and identification systems to detect unregulated airborne commercial drones are the major factors driving the growth of the drone defense system market.
Segment-wise analysis
Based on the application type, the market is segmented as drone mounting and ground station. The drone mounting segment is estimated to register the second-higher growth headed by the ground station segment during the forecast period. Drone mounting systems are installed majorly on military drones for detection, identification, and extenuation of other nearby drones. Rising frequencies of terrorist attacks are expected to bolster the growth of this segment.
Based on the technology type, the market is segmented as identification & detection, and countermeasures. The countermeasures segment is expected to depict the second-higher growth preceded by the identification & detection segment in the coming five years. There is an increasing need for the progress of drone countermeasure technologies owing to the increasing occurrences of security breaches and attacks by terrorist groups.
Based on the end-user type, the market is segmented as military, commercial, and homeland security. The military segment is projected to portray the second-highest growth heralded by the commercial segment during the forecast period. The defense industry across the globe is eyeing the development of systems that are capable of tracking and recognizing enemy drones and countering them.
In terms of regions, the market in the Asia-Pacific region is expected to witness the highest growth during the forecast period. Deployment of surveillance drones by countries of the Asia-Pacific region is expected to stimulate the development of robust drone defense systems for the military. China is the key growth engine of the Asia-Pacific’s drone defense system market and is the leader in the manufacturing of advanced drone defense systems for various defense uses. North America and Europe are also expected to offer sizeable growth opportunities during the forecast period.
Key players
Some of the key companies that are profiled in this report are:
Aaronia AG
Advanced Protection Systems Sp. Z O.O.
Blighter Surveillance Systems Ltd.
Dedrone, Inc.
Kelvin Hughes Limited
Leonardo S.P.A.
Mistral Solutions Pvt. Ltd.
Orelia Sas
PrecisionHawk
Rinicom Ltd.
Research Methodology
The study incorporates a wide range of analytical resources along with primary and secondary research methodologies.
Frequently Asked Questions (FAQs)
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