Anti-Drone Market

Market Leader - Anti-Drone Market

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.

SRC, Inc. (US), Raytheon Technologies Corp. (US), Lockheed Martin Corp. (US), Thales Group (France), Blighter Surveillance Systems Ltd.(UK), Israel Aerospace Industries Ltd.(Israel), Leonardo S.p.A (Italy), Rafael Advanced Defense Systems Ltd. (Israel), DroneShield Ltd. (Australia), Liteye Systems, Inc. (US), Dedrone (US), Northrop Grumman Corp. (US), DeTect, Inc. (US), MBDA (Germany), Battelle Memorial Institute (US), Saab AB (Sweden), CACI International (US), and The Boeing Co. (US) are among a few major players in the anti-drone market. Most of the leading companies have used contracts and product launches as key strategy to boost their revenues.

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Top 2 Market Players:

SRC, Inc. (US) (formerly known as Syracuse Research Corporation) is a privately-held not-for-profit research and development company offering solutions for defense, environmental, and intelligence applications. The company serves the US military with advanced RF system simulation, development, and analysis. SRC is applying its extensive background in electronic warfare, air surveillance, target detection, and tracking and classifying algorithms to help detect, track, and defend against low, slow, and small UAS threats. A few of its notable programs are Silent Archer Counter UAS Technology, Counter RCIED Electronic Warfare (CREW) Duke system, and LCMR counterfire radars (AN/TPQ-49 and 50). The company is focusing on various organic and inorganic growth strategies, such as product launches and contracts to expand its global presence and strengthen its position in the anti-drone market. The company has been able to win huge contracts from the US DOD due to the flexibility and adaptability of its solutions. For example, in July 2020, SRC has won a contract from the US Army -- worth up to USD 426 million over the next five years -- development, production, deployment, and support of the Expeditionary-Low, Slow, Small Unmanned Aircraft System Integrated Defeat System (E-LIDS).

Raytheon Technologies Corp. (US) is an aerospace and Defense Company that provides advanced systems and services for commercial, military, and government customers worldwide. Raytheon conducts extensive R&D activities to continually enhance its existing products and services and develop new products and services to meet its customers’ changing needs and requirements. Raytheon uses technologies such as sensing capabilities, non-kinetic effects, microwave energy, laser, and radar to engage classes of threats from small drones up to tactical ballistic missiles. One of the most significant strategies adopted by Raytheon is to obtain big contracts to continuously expand its business and customer base. The company is best positioned as a US defense contractor. It has been awarded several contracts, which resulted in the expansion of the company’s business. The company is focusing on inorganic growth strategies, such as contracts, partnerships, and collaborations to strengthen its position in the anti-drone market. For example, in August 2020, Raytheon Missiles & Defense, a Raytheon Technologies business, and Rafael Advanced Defense Systems Ltd., an Israeli-based defense technology company, have signed a joint venture to establish an Iron Dome Weapon System production facility in the United States.

Related Reports:

Anti-Drone Market with COVID-19 Impact by Technology (Laser, Kinetic, Electronic), Application (Detection, Detection & Disruption), Vertical (Military & Defense, Homeland Security, Commercial), Platform Type, and Geography - Global Forecast to 2025

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Report Code
SE 4129
RI Published ON
10/5/2020
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