Anti-Drone Market by Technology, Application, Vertical, Platform Type | COVID-19 Impact Analysis | MarketsandMarkets

1. Anti-Drone Market by Technology, Application, Vertical, Platform Type | COVID-19 Impact Analysis - Global Forecast to 2025 The anti-drone market was valued at USD 0.6 billion in 2020 and is projected to reach USD 2.4 billion by 2025; it is expected to grow at a CAGR of 32.2% from 2020 to 2025. Major factors driving the growth of this market are increasing use of drones terrorism and illicit activities worldwide and rising incidences of security breaches by unidentified drones. Impact of COVID-19 on anti-drone market The outbreak and the spread of the COVID-19 have affected the anti-drone market. Considering the inputs from various industry experts belonging to different stages of the anti-drone value chain that is OEM, suppliers, end users, and distributors, as well as after consulting financial releases of different companies in the anti-drone ecosystem for the first and second quarters of 2020, it has been estimated that the size of the anti-drone market might witness a decline of 1-3% in 2020. This is due to customer personnel restrictions, delayed purchases, disruptions in the supply chain coupled with restrictions on cross-border trade resulting in delays in the completion of raw material and component consignments, particularly from China. The anti-drone market has seen slow procurement of anti-drone systems from European and the Middle East regions due to COVID-19. The demand for anti-drone systems and technologies is projected to grow at a consistent pace in the post-COVID-19 period, as governments continue to strengthen their defense capabilities for tackling the uncertain geopolitical tensions such as the India-China standoff or the dispute in the South China Sea. “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. “Electronic systems to hold the largest share of anti-drone market during forecast period” Electronic anti-drone systems are likely to account for the largest share of the anti-drone market during the forecast period. This is due to huge investments by several key players across the world in developing electronic anti-drone systems. Along with this, the low cost of development and easily comprehensible technology propel the growth of the market for electronic anti-drone systems. Electronic systems such as radar, electro-optical systems, infrared sensor systems, GNSS jammers, and RF jammers are being adopted to counter drones. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=177013645 The Americas to hold the largest share of the anti-drone market during the forecast period The Americas is likely to account for a major share of the global anti-drone market during the forecast period. Factors contributing to the growth of this market include increasing incidences of security breaches by unidentified drones and rising number of terrorist attacks in American countries, especially in the US. The dramatic growth in drone accidents and incidences has raised fundamental questions about national security, public safety, and privacy regulations. This compelled the government to deploy anti-drone systems to ensure safety and security from illicit drones. The growth can also be attributed to the presence of several key players in this region, such

2. SRC, Inc. (US), Raytheon Technologies Corp. (US), Lockheed Martin Corp. (US). The Boeing Co. (US), and DeTect, Inc. (US). About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model –GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: 1-888-600-6441