Counter UAV Market Growth expected to advance at a CAGR of 11.9% by 2028

The Counter UAV Market is expected to reach US$ 5,021.57 million by 2028, registering a CAGR of 14.7% from 2021 to 2028.

The rising terrorist attacks and political instability among various developed and developing countries are increasing the defense and homeland security forces to procure advanced solutions such as radar systems, communication systems, and anti-drone technologies. For instance, the US department of defense, the European Union, and other authorities such as the Indian defense ministry has increased their spending on the procurement of anti-drone over the years, leading the counter UAV manufacturers to adopt organic and inorganic growth strategies, such as high investments, product offerings, and global expansion.

In 2020, North America accounted for the largest share in the global market, followed by Europe and APAC. In February 2021, The Department of National Defence (DND) of Canada published a Request for Information (RFI) seeking technology solutions that include the capacity of Counter Unmanned Aerial Systems (C-UAS). DND and the Canadian Armed Forces are looking for innovative scientific and technological solutions to meet Canada's classified military and security concerns through a classified call for proposal procedure, according to a request for information issued by Canada's Public Works department. Similarly, the US department of defense has major investment pipelines for procuring counter UAV solutions in the financial year 2022. The factors mentioned above contribute to the rapid growth of the market in the region.

APAC is characterized by developing nations looking to stamp their authority worldwide by developing powerful military units. China and India are some of the leading nations that have focused on strengthening their military over the years across the region. Setting up arms and armaments manufacturing bases in the country and enhancing the quality of equipment used for army support has been a long-going responsibility of the respective governments. Apart from this, there have been growing political tensions among neighboring countries such as India, China, and Pakistan. The strengthening of defense fleet size of various countries, such as China and India, is driving the counter UAV market growth.?

A few players operating in the global counter UAV market profiled in the market study include Blighter Surveillance Systems Ltd, DroneShield, DeDrone, Leonardo S.P.A., and Lockheed Martin Corporation.?

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