Counter UAV are useful in countering unwarranted interruption of unmanned aerial vehicles (UAV). These systems track, identify, and detect UAVs and thus prevent illegal activities used by military and defense industry. The presence of several key players in the North American region and alarming instances of security breaches contribute towards the significant market growth globally during the forecast period. Furthermore, major players in the market are incorporating advanced features and developing new technologies, thereby driving the global counter UAV market.
MARKET SCOPE
The "Global Counter UAV Market Analysis to 2028" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of Counter UAV market with detailed market segmentation by application, immersion technology, platform, end user, and geography. The global Counter UAV market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Counter UAV market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- On the basis technology, the market is segmented as Laser Systems, Kinetic Systems, Electronic Systems
- On the basis of platform, the market is segmented as Air, Ground, and Naval.
- On the basis of end user, the market is segmented into Military and Defense, and Homeland Security.
MARKET DYNAMICS
Drivers:
- Growing incidents of security breaches by unidentified drones
- Increasing illicit activities across the globe
- Increasing demands in defense sectors
Restraints:
- High research and development expenses
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Counter UAV market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porter's Five Forces analysis, highlighting the factors affecting the Counter UAV market in these regions.
IMPACT OF COVID-19 ON COUNTER UAV MARKET
The COVID-19 impacted the global supply chain resulting in the shortage of supply for counter UAV market. This disruption impacted the pre-COVID production levels of major suppliers during the peak of the pandemic in 2020. However, the advent of ongoing geopolitical scenario in 2021 and various cross-border conflicts has created a stable and rising demand for Counter UAVs in the military sector, which is positively driving the global market. Several market stakeholders and players are guiding the market to a desirable position with the adoption of advanced Counter UAV technologies. For instance, the US Navy completed the demonstration of its new DroneSentry-X counter-drone system in July 2021. Furthermore, the governments and companies are now heavily investing in research and development, and procurement of advanced counter UAV products. For instance, in August 2021, the Indian Air Force announced the demand for 10 sophisticated counter-drones from Indian manufacturers. This factor is expected to bolster the growth of the global counter UAV market, which could regain its momentum through 2022.
MARKET PLAYERS
The report covers key developments in the Counter UAV market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Counter UAV market are anticipated to lucrative growth opportunities in the future with the rising demand for Counter UAV in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Counter UAV market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Dedrone Holdings, Inc.
- DroneShield
- Israel Aerospace Industries Ltd. (IAI)
- Liteye Systems, Inc
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- Raytheon Company
- Saab AB
- SRC, Inc.
- Thales SA