According to the new research report titled "Counter UAV Market Forecast to 2028 - COVID-19 Impact and Global Analysis," published by The Insight Partners, the market is expected to reach US$ 5,021.57 million by 2028, registering a CAGR of 14.7% from 2021 to 2028.
The increasing occurrences of terrorist attacks and political instability across various developed and developing countries have resulted in a surge in demand for advanced solutions such as radar systems, communication systems, and anti-drone technologies among defense and homeland security forces. In response to this demand, entities like the US Department of Defense, the European Union, and the Indian Defense Ministry have increased their spending on the procurement of anti-drone technologies, driving counter UAV manufacturers to adopt various organic and inorganic growth strategies such as investments, product offerings, and global expansion.
In 2021, India and South Korea have seen an increase in the development and deployment of counter UAV solutions. This is in response to a drone attack on an Indian Air Force (IAF) station in Jammu, which prompted the Indian defense force to purchase ten anti-drone systems in July 2021 to prevent future attacks in border areas. Additionally, the South Korean military announced plans in June 2021 to begin six-month testing of a new radar-linked system built locally to combat small and micro unmanned aerial vehicles (UAVs) that threaten military sites. Although the COVID-19 pandemic marginally impacted the counter UAV market in 2020 from the supply side, it stabilized and started witnessing growth in the third quarter of 2020.
The counter UAV market is segmented on the basis of technology, force type, product type, configuration, end user, and geography. Based on technology, the counter UAV market is segmented into laser systems, kinetic systems, and electromagnetic systems. On the basis of force type, the market is categorized into air, land, and naval. By product type, the market is bifurcated into ground based and handheld. On the basis of configuration, the market is divided into portable and stationary. On the basis end user, the market is bifurcated into defense and homeland security. On the basis of geography, the counter UAV market size is primarily segregated into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South and Central America.
Key Findings of Study:
North America had the largest global market share in 2020, with Europe and APAC following closely behind. Recently, the Department of National Defence (DND) of Canada issued a Request for Information (RFI) seeking technology solutions with Counter Unmanned Aerial Systems (C-UAS) capacity to address Canada's classified military and security concerns through a classified call for proposal procedure. Similarly, the US department of defense has significant investment plans for acquiring counter UAV solutions in 2022. These developments are driving the market's rapid growth in the region.
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