The drone defense system is designed to disrupt and neutralize Unmanned Aerial Systems (UAS) involved in potentially malicious and hostile airborne surveillance activity. The increasing illicit and terrorism activities across the world and rising incidences of security breaches by drones are some of the major factors promoting the manufacturers to develop drone defense system. The factors mentioned above is anticipated to boost the growth of the drone defense system market.
MARKET SCOPE
The "Global Drone Defense System Market Analysis to 2028" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of Drone Defense System market with detailed market segmentation by technology, application, end-user, and geography. The global Drone Defense System market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Drone Defense System market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- On the basis of technology, the market is segmented as identification & detection, countermeasures.
- On the basis of application, the market is segmented as drone mounting, ground station, transport, critical infrastructure.
- On the basis of end-user, the market is segmented as military, commercial, homeland security.
MARKET DYNAMICS
Drivers:
- Increase in incidences of a security breach by commercial drones
- Increasing illicit activities across the globe
- Necessity of the development of countermeasure systems that can quickly and safely detect Drone Defense Systems and counter them
Restraints
- High research and development expenses
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Drone Defense System market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porters five force analysis highlighting factors factors effecting the drone defense market in these regions.
IMPACT OF COVID-19 ON DRONE DEFENSE SYSTEM MARKET
The outbreak of the COVID-19 has severely impacted the defense, aerospace, aviation and other related industries. The emergence of COVID-19 virus across the globe which led to lockdown scenarios has led to unprecedented series of border closures across the globe. This disruption in global supply chain is expected to leave an impact on the drone industry through till mid-2021. With the rising concern of health of the general public, governments across nations are focused on investments on healthcare and related industries and there has been a shift of budget allocation from defense to healthcare. However, the pandemic has proved that careful coordination is required between all defense and healthcare agencies to ensure effective security measures. Moreover, demand for defense related products such as drones simulators will remain unaffected as the budgets for defense related projects had been allocated prior to the pandemic and the projects are extremely critical to national defense. Moreover, several industries like media and entertainment, oil and gas, real estates and property, agriculture, etc. are one of the essential services which are operating in the pandemic situation as well. Thus the use of drone for enhanced high resolution cameras for inspection and various other utilities are creating further opportunity for the Drone Defense System market in post-pandemic scenarios.
MARKET PLAYERS
The report covers key developments in the Drone Defense System market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Drone Defense System market are anticipated to lucrative growth opportunities in the future with the rising demand for Drone Defense System in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Drone Defense System market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Dedrone Holdings, Inc.
- DroneShield
- Israel Aerospace Industries Ltd. (IAI)
- Liteye Systems, Inc
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- Raytheon Company
- Saab AB
- SRC, Inc.
- Thales SA
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.