(EMAILWIRE.COM, May 15, 2019 ) The anti-drone market is expected to grow from USD 499 million in 2018 to USD 2,276 million by 2024, at a CAGR of 28.8%. Major factors driving the growth of this market are increasing terrorism and illicit activities across the world and rising incidences of security breaches by unidentified drones.

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“The military & defense vertical to hold the largest share of the anti-drone market during the forecast period”

The military & defense vertical is expected to account for the largest share of the anti-drone market during the forecast period. Presently, countries are also giving importance to strengthening counter-drone measures to monitor terrorist activities, which would boost the demand for anti-drone systems in the near future. The use of drones for border trespassing, smuggling, and spying has increased. As a result, the demand for an efficient anti-drone system is expected to rise in the coming years in the military & defense sector.

“The anti-drone market for laser systems to grow at the highest CAGR during the forecast period”

The market for laser counter-drone systems is expected to grow at the highest CAGR during the forecast period. Laser systems offer great speed, significant flexibility, high precision, and low cost per shot. Therefore, they mostly find their applications in the military & defense vertical. Also, companies such as The Boeing Co. (US), Lockheed Martin Corp. (US), Rheinmetall Defense Electronics GmbH (Germany), and Raytheon Co. (US)have been developing laser-based anti-drone systems.

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“The Americas is expected to account for the largest market share during the forecast period”

The Americas is likely to account for a major share of the global anti-drone market in during the forecast period. The growth can also be attributed to the presence of several key players in this region, such as Airbus Defence and Space (US), Battelle Memorial Institute (US), Department 13 International Ltd. (US), DeTect, Inc. (US), and Lockheed Martin Corp. (US). Also, other factors contributing to the growth of this market include increasing terrorist attacks and rising incidences of security breaches by unidentified drones in the Americas, especially in the US.

Key Market Players

Major players in the anti-drone market include Thales Group (US), Blighter Surveillance Systems Ltd. (UK), Lockheed Martin Corp. (US), Saab AB (Sweden), Raytheon Co. (US), Dedrone (US), Israel Aerospace Industries Ltd.(Israel), Security and Counterintelligence Group (SCG) LCC (Switzerland), DroneShield Ltd. (Australia), Liteye Systems, Inc. (US), Theiss UAV Solutions, LLC (US), BSS Holland BV (Netherlands), and Prime Consulting & Technologies (Denmark).

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Lockheed Martin Corp. (US) is as a global security and aerospace company offering advanced technology-based systems and related services. Lockheed Martin engineers are collaborating with customers and academia to research, develop, and implement the technology that will detect and defeat drones. To grow in the anti-drone market, the company has selected a mix of organic and inorganic growth strategies such as contracts and product launches. For example, the US Army awarded Dynetics (US), Lockheed Martin, and their partners a contract worth USD 10 million to continue development on the next phase of the high-energy laser tactical vehicle demonstrator (HEL TVD) program. In September 2017, Lockheed Martin announced the release of its prototype laser weapon that incorporates an advanced system of sensors, software, and specialized optics to defeat UAV threats.

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