Counter UAV Market Forecast Analysis

Market Insights

The counter UAV market was estimated to grow from USD 1.18 billion in 2021 to USD 6.56 billion by 2028 at a healthy CAGR of 27.45% during the forecast period.

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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

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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.

Segments 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 holds a market share of more than 57% in 2021 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 American market share is more than 44.8% in 2021 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.

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Segmentation

The report provides detailed insights, to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

Segment wise analysis –

By Technology:

• Laser system
• Kinetic system
• Electronic system
• Others

By Platform:

• Air
• Ground
• Naval

By End Use:

• Military & Defence
• Commercial
• Homeland Security
• Others

By Region:

• North America
• Europe
• Asia-Pacific
• Rest of the World

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COVID-19 Impact

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 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 market?
• What are the key strategies adopted by the major vendors to lead in the market?
• What is the market share of the top vendors?

Report Features

This report provides intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the dynamics and will enable strategic decision making for the existing players as well as those willing to enter the market. The following are the key features of the report:

• Overview, industry life cycle analysis, supply chain analysis
• Environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Trend and forecast analysis
• Segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new player

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the companies across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Customization

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

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 sales@stratviewresearch.com.