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Anti-Drone Market by Technology, Vertical & Region - Global Forecast to 2022
March 8, 2016 | PRNewswireEstimated reading time: 1 minute
Research and Markets has announced the addition of the "Anti-Drone Market - Global Forecast to 2022" report to their offering.
The anti-drone market is expected to grow at CAGR of 23.89% between 2017 and 2022. The key drivers responsible for this are increased security breach incidences by the unidentified drones and increased terrorism and illicit activities.
The military and defense segment is expected to hold the major share of market in 2016. The use of drones for border trespassing and smuggling has increased, thereby resulting into border security concern. This is a key factor driving the demand for anti-drone systems in the military and defense vertical.
Out of all the technologies used, the market for laser systems is expected to be the largest in 2016. However, the electronic system market is expected to grow at the highest CAGR between 2017 and 2022. The key driver for this is the ability of electronics system in detecting suspected drones and sending information to the concerned authority or disrupting it without causing any damage to the public. Electronics anti-drones systems are best suited at public places and are expected to be available at the low cost as compared to laser and traditional systems.
In terms of the different geographic regions, North America is expected to capture largest market share in 2016. The APAC market is expected to grow at the highest CAGR between 2017 and 2022. Many of the countries considered under APAC region are developing countries, wherein, the number of commercial places such as public venues, critical infrastructures and private properties is increasing and the public security at such commercial places is a key driver for the APAC market.
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