Market Overview:
The anti drone market consists of detection and neutralization products that help monitor and take down unauthorized drones. Anti-drone systems use radar, electro-optical/infrared sensors and radio frequency detectors to identify rogue drones within the range. Various technologies like laser, jamming, interception, and airborne engagement are then used to disable drone functionality and regain critical infrastructure control. Such solutions are vital for security agencies and militaries worldwide to tackle illicit drones and ensure safety of airports, events, VIPs and restricted assets.
Market key trends:
The increased utilization of drones globally both for civilian and defense purposes have raised safety and security concerns. Various incidents of drones violating restricted airspaces and snooping into sensitive areas have emphasized the need for reliable tracking and interception technologies. Meanwhile, asymmetric warfare tactics by militant groups exploiting commercial drones have also prompted defense forces to deploy dedicated counter-drone capabilities. As a result, governments worldwide are making increased investments in anti-drone systems. For instance, the UK and US have announced funding of over $150 million and $1 billion respectively to counter the growing rogue drone threat. Technology advancements are also allowing detection of smaller drones from longer distances while limiting collateral damage during neutralization. This is expected to further augment adoption of anti-drone solutions across multiple end-use industries in the coming years.
The global Anti Drone Market Size is estimated to be valued at US$ 1493.16 Mn in 2023 and is expected to exhibit a CAGR of 27% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Porter’s Analysis
Threat of new entrants: The Anti Drone Market faces moderate threat of new entrants due to requirements of specialized technology and capital investments. However, emergence of startups is increasing competition.
Bargaining power of buyers: Buyers have moderate bargaining power due to availability of multiple options and price sensitivity especially for law enforcement agencies.
Bargaining power of suppliers: Suppliers have low to moderate bargaining power due to availability of alternative component suppliers and customized nature of requirements.
Threat of new substitutes: Low threat as Anti drone solutions are niche with no close substitutes addressing drone security issues effectively.
Competitive rivalry: High due to number of specialized firms competing on technology, features, and pricing.
SWOT Analysis
Strength: The Anti drone market offers specialized solutions for urban security, critical infrastructure protection, and defense. Detection and mitigation technologies enable precise targeting without risking public safety.
Weakness: High costs of acquisition, operation and maintenance restrict mass adoption. Dependency on imported components leads to supply vulnerabilities.
Opportunity: Increasing unauthorized drone usage and evolving drone threats due to lower manufacturing costs drive opportunities. Developing economies increasing budgets for urban security and defense modernization.
Threats: Regulations for drone operations and countering may limit scope. Alternative non-destructive solutions can affect sales. Technological obsolescence is a concern.
Key Takeaways
The global Anti Drone Market is expected to witness high growth, exhibiting CAGR of 27% over the forecast period, due to increasing threats of drones in sensitive areas and rising geopolitical tensions.
Regionally, North America dominates with over 35% market share led by the U.S. due to rising defense budgets and critical infrastructureprotection. Asia Pacific is fastest growing region projected to exhibit 30% CAGR due to increasing spendingby China and India on counter-drone systems amid border disputes andinternal security issues.
Key players operating in the Anti drone Market are Drone Defence, DeTect Inc., Zen Technologies Limited, DroneShield Ltd, METIS Aerospace Ltd, QinetiQ Group PLC, Thales Group, Lockheed Martin Corporation SRC Inc., Dedrone, SAAB AB, Raytheon Technologies Corporation, IAI Group, Citadel Defense, and Robin Radar Systems.Leading firms are focused on portable indoor & outdoor systems integratingoptronics, RF solutions and radar for detection and mitigation of Micro, Mini and MALE class drones in varied scenarios.
