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    Counter UAV Market Report

    Counter UAV Market Report
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    Counter UAV Market, Dynamics, Trends, and Market Analysis
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    Impact of COVID-19 on Counter UAV Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Counter UAV Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    The Counter UAV Market is estimated to grow from USD 0.6 billion in 2020 to USD 2.7 billion by 2026 at a healthy CAGR of 31.2% during the forecast period.

    Figure: Counter UAV Market Size, 2020-2026 (USD Billion)

    Counter-UAV-Market-Forecast

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    What is Counter UAV?

    Counter UAV, also referred to as counter-drone technology are systems which are used to detect or intercept unmanned aircraft. UAVs are widely being used several various illicit and undercover activities, including smuggling contraband and spying. As of now, there are more than 200 counter-UAV products available from over 150 manufacturers in 30 countries worldwide

    Key Players

    Key players operating in the counter UAV market are

    • Boeing (The U.S),
    • Saab AB (Sweden),
    • Lockheed Martin Corporation (The U.S),
    • Israel Aerospace Industries (Israel),
    • Northrop Grumman Corporation (The U.S),
    • Rheinmetall AG (Germany),
    • Raytheon Company (The U.S),
    • DroneDefence (UK),
    • L3Harris Technologies, Inc. (The U.S), and
    • Elbit Systems Ltd. (Israel).

    Market Dynamics

    A surge in unmanned platforms has created several opportunities across the defense sector.

    • However, the abuse of UAV technology has given rise to the counter UAV technology, thus augmenting the market growth.
    • Also, in an atypical defense environment, the missile defense system is capable of preventing any unmanned platform from entering the restricted airspace, however, the cost incurred does not justify its usage.
    • Moreover, the projectiles used by the C-UAV system are cost-effective compared to the missile defense systems, further boosting the industry growth.

    Segment's Analysis

    End Use Trends

    Based on end-use, the counter UAV market is classified into military & defense, commercial, homeland security, and others.

    • The military & defense segment held a significant share in 2020 and is projected to grow at the highest CAGR during -the assessment period.
    • This is mainly attributed to a strong rise in illegal and terrorist activities across the globe, such as the smuggling of contraband and border trespassing, which is anticipated to majorly drive the usgae of counter-UAV systems among the defense forces worldwide.

    Regional Trends

    By region, the North America market accounted for the largest share in 2020 and is expected to grow at a substantial CAGR in the following years.

    • This is mainly ascribed to growing adoption of anti-drone systems and technologies in the U.S. Also, the Federal Aviation Administration (FAA) in the U.S. has been testing several counter-UAS technologies at several airports across the country over the past few years, further accelerating the product demand.

    COVID-19 Impact on Counter UAV Market

    The COVID-19 outbreak has moderately affected the counter UAV industry. The ongoing worldwide economic slowdown is expected to result in a subsequent decline in defense spending on a short-term basis. Also, the product manufacturers suffered from supply chain disruptions and are likely to face operational constraints and high financial risk exposure due to supply chain bottlenecks.

    Critical Questions Answered in the Report

    • What are the key trends in the counter UAV market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on the counter UAV market?
    • What are the key strategies adopted by the major vendors to lead in the counter UAV market?
    • What is the market share of the top vendors?

    Target Audience

    Here is the list of the group of customers that the Compatibility Mode market hopes to have the greatest opportunity to convert-

    • Counter UAV vendors
    • Counter UAV retailers
    • Military companies
    • Commercial companies

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    Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].

    Frequently Asked Questions (FAQs)

    The counter UAV market size is expected to reach USD 2.7 billion in the foreseeable future.

    Boeing (The U.S), Saab AB (Sweden), Lockheed Martin Corporation (The U.S), Israel Aerospace Industries (Israel), Northrop Grumman Corporation (The U.S), Rheinmetall AG (Germany), Raytheon Company (The U.S), DroneDefence (UK), L3Harris Technologies, Inc. (The U.S) and Elbit Systems Ltd. (Israel) are among the key players in the counter UAV market.

    The counter UAV market is expected to witness an impressive growth of 31.2% CAGR in the coming years.

    The military & defense segment is expected to witness the highest CAGR in the counter UAV market in the coming years.

    North America market accounted for the largest share in 2020 and is expected to grow at a substantial CAGR.

    Counter UAV vendors, Counter UAV retailers, Military companies, Commercial companies are the target audience in the counter UAV market.

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