The Global Anti-Drone Market is experiencing significant growth according to a recent report by The Business Research Company. The market size is expected to increase from $1.54 billion in 2023 to $1.94 billion in 2024, with a compound annual growth rate (CAGR) of 26.1%. This growth can be attributed to factors such as government initiatives, security concerns, and regulatory changes.
Looking ahead, the anti-drone market is projected to reach $4.63 billion in 2028, with a CAGR of 24.2%. This growth is driven by regulatory changes, the expansion of commercial drone usage, and the integration of AI and machine learning. Key trends in this forecast period include public safety concerns, increased investments in research and development, and collaborations within the industry.
One of the key drivers of this market growth is the rise in the use of drones for terrorism and illicit activities. Anti-drone systems play a crucial role in countering these threats by detecting, tracking, and neutralizing unauthorized drones. Product innovations are also shaping the market, with companies like NovoQuad Group introducing advanced handheld anti-drone systems that offer improved detection and jamming capabilities.
Stakeholders in the anti-drone market stand to benefit from comprehensive market insights, informed decision-making support, and a competitive advantage through the analysis of market trends and competitor activities. Major players in the market include Raytheon Technologies Corporation, Lockheed Martin Corporation, and Israel Aerospace Industries, among others.
North America was the largest region in the anti-drone market in 2023, highlighting the region’s strong presence in this industry. The Business Research Company offers customized reports to address specific stakeholder needs and provide actionable insights for success in the global market.
For more information on the Global Anti-Drone Market and to access a free sample of the research report, visit The Business Research Company’s website. Stay informed about industry trends and developments by following their social media channels on LinkedIn, Twitter, and YouTube. Contact them directly for personalized support and guidance in navigating the evolving landscape of the anti-drone market.