Anti-Drone Market Propelled by Weaponized Drones

Posté 2024-02-02 06:54:31

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ANTI-DRONE Market consists of detection and countermeasure systems used to detect and neutralize unauthorized or enemy drones from accessing restricted airspace. Some key functions of ANTI-DRONE systems include detection, identification, tracking, disabling, and mitigation of rogue or enemy drones. With increasing instances of weaponized drones launched by terrorist and extremist groups, the demand for ANTI-DRONE systems has surged considerably.

The global ANTI-DRONE Market is estimated to be valued at US$ 1720.13 Bn in 2023 and is expected to exhibit a CAGR of 11% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
The increasing threat of weaponized drones launched by terrorist and extremist groups across various regions has been a major driver for the ANTI-DRONE Market. Several countries have reported instances of drones being used to carry out targeted attacks. This has prompted large scale investments by militaries as well as commercial entities in developing robust detection and countermeasure systems. Furthermore, the ongoing technological innovation in fields like radio-frequency detection, jamming, laser-based neutralization etc. has enabled the emergence of newer and more effective ANTI-DRONE solutions. The integration of technologies such as AI, big data analytics is also aiding authorities in continuously monitoring drone activity and taking timely action.

SWOT Analysis
Strength: ANTI-DRONE technology provides protection against unauthorized drones that could disrupt critical infrastructure and violate privacy. They can effectively detect, track and disable rogue drones.

Weakness: ANTI-DRONE systems pose regulatory challenges due to safety and privacy concerns. They require continuous upgrades to counter advanced countermeasures employed by adversarial drones.

Opportunity: Rising incidences of drone intrusions at airports, borders and restricted areas have increased demand for ANTI-DRONE defense solutions. Government mandates and investments are driving the market growth.

Threats: Alternative non-destructive solutions like drones identification, authentication and surveillance systems pose potential threats. Stringent regulations and certification procedures hinder the market expansion.

Key Takeaways
The Global ANTI-DRONE Market Size is expected to witness high growth. Since drones are increasingly being used for both civilian and military applications, the need to secure airports and restricted areas from rogue drones has become imperative.

The North American region currently dominates the ANTI-DRONE market owing to largest investments and presence of key players in the US.

Key players operating in the ANTI-DRONE market are IBM Corp. (TRIRIGA), Figbytes Inc., Schneider Electric, Gensuite LLC, SAP SE, Envizi, ICONICS, Inc., Ecova, Inc. Urjanet, Verisae, Inc., Thinkstep, UL EHS Sustainability, Enablon, Sphera, CA Technologies, and Accuvio. The major players are focusing on developing technologically advanced and regulator compliant solutions to counter sophisticated adversarial drones and widened their application areas beyond military into critical infrastructure and public venues.

For more Insights, Read –

https://www.insightprobing.com/anti-drone-market-market-size-share-analysis-growth/

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