The Occurrence of Crime and Illicit Activities Have Bolstered the Global Counter UAV Technologies Market

The Global Counter UAV Technologies Market is witnessing a surge due to the massive demand risen due to the rise in security threats. The governments have also been strengthening anti-drone technology. According to the Center for the Study of the Drone at Bard College, 155 manufacturers across 33 countries have produced at least 235 counter-drone products, which are either already available in the market or under active development. A market survey conducted by researchers at Sandia National Laboratories identified that there were ten counter-drone systems available for acquisition in 2015, and this number grew to 200 systems by 2018 further the expanding investments in Research and Development for the use of counter UAV technology has fostered the growth of the market. Additionally, the occurrence of crime and illicit activities such as the transfer of criminal goods, hooliganism, and terrorist attacks among others coupled with the surge in the drone market has propelled the growth of the market. However, several government laws and regulations pose challenging factors for counter-drone technology has restrained the growth of the market. The UCAV segment caters to the highest market share among the different types due to its massive utilization for the activities of the Armed Forces. Further, the utilization of advanced technology in the military has driven growth. The Civil counter-drone technology is primarily used to secure during large events, which include VIP protection, counter-smuggling operations at prisons, and airspace protection at airports It's expected to gain traction with the need for enhanced internal security at government facilities Got questions about your regional growth of Counter UAV Technologies Market? Just drop us a line or call on +1 646 480 7505 Further, North America dominates the market due to the increasing government spending for the development and deployment of this technology. Asia Pacific region holds a significant share in the market due to the high production and utilization rate of drones in China. The after-effects of COVID-19 such as lockdown and the temporary shutdown of national and international transport have led to a decline in purchases and production thereby restraining the growth of the market for a while. The global Counter UAV Technologies market is expected to grow from USD 348.3 million in the year 2019 to USD 3460.3 million in 2029 at a compound annual growth rate (CAGR) of 23.2% in the forecast period. Key Players: Lockheed Martin Corporation Thales SA Dedrone DroneShield Airbus S.A.S Battelle Memorial Institute Northrop Grumman Corporation SRC Inc. Boeing Chess Dynamics Ltd. Enterprise Control System Ltd Aaronia AG Counter UAV Technologies Market: Segmentation By Type UCAV MUAV/MAV TUAS MALE VTOL By Application Civil Military By Region North America The U.S. Canada Mexico Europe The U.K. Italy France Spain Germany The Rest of Europe The Middle East and Africa (MEA) Saudi Arabia Egypt South Africa The Rest of MEA Asia-Pacific India China Japan Australia South Korea The Rest of Asia-Pacific South America Columbia Brazil Chile Peru Argentina The Rest of South America " Crucial Insights The Report Provides:" * Known and Unknown Adjacencies Influencing the Growth of Market * Explorable Revenue Sources * Customer Behaviour Analysis * Target Partners * Customized Geographical Data Based on Customers as well as Competitors * Analysis of Market Size and CAGR between the Forecast Periods View Full Report Buy This Report Now