The anti-drone market is expected to grow from USD 0.34 billion in 2016 to USD 1.57 billion by 2023, at a CAGR of 25.9% between 2017 and 2023. The anti-drone market is mainly driven by factors such as increased security breach incidences by unidentified drones and increased terrorism and illicit activities.
The anti-drone market is segmented on the basis of technology into electronics system, laser system, and kinetic system. Among these technologies, the market for the electronics system technology is expected to grow at the highest CAGR between 2017 and 2023. The major factor responsible for this growth is huge investment by key players in electronics system-based anti-drones across the globe. Along with this, low cost of development and easily comprehensible technology propel the growth of the electronics system-based anti-drone market.
The anti-drone market is segmented on the basis of application into detection, and detection and disruption. The detection and disruption application is widely adopted in the market and will grow at the fastest rate during the forecast period. Detection and disruption systems have major applications in the military and defense and homeland security sectors, wherein the unauthorized drones entering into the prohibited area of any country are detected as well as disrupted on the spot.
The anti-drone market is segmented on the basis of vertical into military and defense, commercial, and homeland security. The commercial vertical is subsegmented into public venues, critical infrastructure, and households. The military and defense vertical accounted for the largest share of the overall anti-drone market in 2016. The market for the commercial vertical is expected to grow at the highest CAGR during the forecast period. Key factors responsible for this growth include the increasing awareness and rapid development of inexpensive drones in the market, creating more public safety concerns. The market for the homeland security vertical is expected to grow at the second-highest CAGR during the forecast period.
The anti-drone market is broadly classified on the basis of geography into the Americas, Europe, APAC, and RoW. The market in the APAC region is expected to grow at the highest CAGR during the forecast period. Major factors contributing to this growth include the development of new technologies in APAC to stop the increasing drone-related crimes and several ongoing developments in the market by the market players in this region.