Anti-Drone Market

Market Leader - Anti-Drone Market

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 rising incidences of security breaches by unidentified drones and increasing terrorism and illicit activities across the world.

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), Prime Consulting & Technologies (Denmark) are among a few major players in the anti-drone market. Most of the leading companies have followed the product launches and contracts as key strategies to boost their revenues.

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Top 2 Players in the Market:

Thales Group (France) is a company that manufactures, markets, and sells electronic equipment and systems for aeronautics, naval, and defense sectors. Thales has a unique capability to design and deploy different types of equipment, systems, and services to meet the most complex security requirements in civil, military, and government sectors. Thales has the solution to detect, track, and identify small drones at long distances, giving its customers, both military and civilian, the information to take countermeasures at the decisive moment. To grow in the anti-drone market, the company has selected a mix of organic and inorganic growth strategies, such as partnerships and product launches. For example, in September 2018, Thales Group, Department 13 International Ltd. (US), and EPE (Australia) teamed up to integrate MESMER software into the Thales Bushmaster vehicle.

Lockheed Martin Corp. (US) works as a global security and aerospace company offering advanced technology-based systems and related services. Lockheed Martin has expanded its business offerings in recent years in various sectors. The company also has strong R&D capabilities and financial performance, resulting in the development of new and innovative products, as well as the expansion of its existing product portfolio. Lockheed Martin enjoys a huge base of domestic and international customers, generating major revenue from domestic customers such as the US government and the commercial sector. 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 also selected contracts and product launches. For example, in August 2018, 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.

Related Reports:

Anti-Drone Market by Technology (Laser, Kinetic, and Electronics), Application (Detection, Detection & Disruption), Vertical (Military & Defense, Homeland Security, and Commercial), and Geography - Global Forecast to 2024

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Report Code
SE 4129
RI Published ON
12/19/2018
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