Market Overview:
Counter UAS industry size is expected to reach $4.67 billion by the end of 2030, with a CAGR of 25%.
The mechanism of the same works with the help of a drone attached to the military-graded hardware. The defence mechanism of the drone works according to the secured parameters present inside the body of the sensors and hence detects any unusual activities. This unit is defined as the Orion and mitigates all the information to the monitored area. Also, in the case of an emergency, Orion can easily use its patented protocols and eliminate any chances of threats.
With a global market estimation 2022, the Counter UAS market CAGR is expected to demonstrate healthy and substantial growth in its forecast period. The market's forecast period is predicted from 2020-2030, within which the market also stands at an annual growth rate of 25% of CAGR.
Major factors are driving the Counter UAS industry dynamics. The enhanced awareness of the countries regarding their national defence security has driven the market into producing more flying systems. Recreational and professional purposes have put a considerable threat on commercial establishments, and hence it has driven the market dynamics for enhanced security purposes. With the advancements in technology, there has also been an increased usage of a drone systems that has been seen increasing over the past few years.
Factors like such have majorly driven the market. However, there have been factors which have restrained the market growth. The customer service restriction has provided an anti-chain value system to the market dynamics. This disrupts the link of the radio connections between the function and the systems. Apart from this, the restrictions during the pandemic also led to a major disruption in the raw materials supply chain that hampered the growth and development of the Counter UAS industry. Amid all the restricting and driving factors, the market is expected to show substantial growth in its forecast period.
Key Players:
Saab AB (Sweden), Lockheed Martin Corporation (US), IAI (Israel), Northrop Grumman Corporation (US), Rheinmetall AG (Germany), Raytheon Company (US), Drone Defence (UK), Harris Corporation (US), Elbit Systems Ltd (Israel), Thales Group (France), ROHDE&SCHWARZ (Germany),DRONESHIELD (US), Rafael Advanced Defense Systems Ltd (Israel), HENSOLDT (Germany), ASELSAN AS (Turkey), Babcock International Group PLC (UK), Black Sage (US), Boeing (US), Blighter Surveillance Systems Ltd (UK), BSS Holland BV (Netherlands), Cobham Antenna Systems (UK), Diehl Stiftung & Co. KG (Germany), Leonardo SpA (Italy), Liteye Systems,Inc. (US).
Market segmentation:
The Counter UAS industry is divided into multiple parts and Counter UAS market data and segmentation depending on the factors influencing its growth and development. The market is segmented into technology, platform, system configurations and applications and end-use.
By technology, the market is divided into kinetic systems, laser systems and electronic systems. The divisions of the market again include air, ground and naval, depending upon the platform. The market is divided into vehicle mounted, stand-alone and portable, depending on system configuration. By end use and application, the market is segmented into commercial and homeland security, military and defence and Rf scanners, and detection and acoustic systems, respectively.
Regional Analysis:
The market has a wide range of dominance over multiple parts of the world, including Asia-Pacific, North America, Europe and South Africa. The major places include China and India due to the NATO agreement.
Industry News:
Some major key industry players include Selex Es Inc., Prime Consulting and technologies, Israel Aerospace Industries Ltd. (IAI), and DeTect, Inc. These key players constantly collaborate, enhancing the market dynamics.
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