Counter UAS Market Research Report By Forecast To 2024 Industry Survey, Growth, Competitive Landscape and Forecasts to 2024 PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.) Counter UAS Market Forecast To 2024 Counter UAS Market Overview The Global Counter-UAS Market is expected to reach USD 2,235.1 Million by 2024, expanding at a CAGR of 28.50% during the forecast period. The counter-UAS providers are investing heavily in advanced technologies to offer enhanced security and detection capabilities to the armed forces. For instance, the SkyWall 100 system by Counter Drone Solutions, an Australia-based company, has an onboard artificial intelligence (AI) computer that can identify a drone and analyze its movements to ensure capture. This shoulder-mounted system uses compressed air to fire a net, which ensures that the drone doesn’t break as it guides back down to ground. The SkyWall 100 can be reloaded quickly and easily to capture multiple drones in less time. In March 2019, Raytheon UK, a subsidiary of Raytheon Company, announced plans to open its new office in London and a manufacturing facility in Scotland to develop innovative solutions for the global defense market. In August 2018, Raytheon Company invested USD 72 million for the development of its new facility at its Andover, Massachusetts, US. The company aims at developing advanced radar technology at the new facility. Free Report Sample @ https://www.marketresearchfuture.com/sample_request/7430 2 www.marketresearchfuture.com Counter UAS Market Forecast To 2024 Segmental Analysis The global counter-UAS market has been segmented by technology, platform, system configuration, end use, and application. By technology, the global counter-UAS market has been segmented into laser systems, kinetic systems, and electronic systems. The electronic systems segment is projected to dominate the market during the forecast period. The segment was valued at USD 277.2 million in 2018 and is expected to reach USD 1,187.0 million by 2024. However, the laser systems segment is anticipated to expand at the highest CAGR. The segment is expected to reach USD 709.0 million by 2024, exhibiting the highest CAGR of 30.13% during the forecast period. A laser system is a type of directed-energy weapon (DEW) that damages its target with highly focused energy. The use of laser systems has been increasing for countering enemy UAS. For instance, the US Marine Corps tested a prototype for a vehicle-mounted laser weapon that can be used by soldiers on the ground to counter enemy drones. The kinetic system segment is projected to exhibit a CAGR of 29.02% during the forecast period. Based on platform, the global counter-UAS market has been divided into air, ground, and naval. The ground segment led the market with a value of USD 271.7 million in 2018 and is expected to reach USD 1,235.8 million by 2024. Ground-based systems are designed to be used from either stationary or mobile positions on the ground. This segment includes counterUAS systems that are installed at fixed sites, mobile systems, and systems mounted on ground vehicles. The naval segment is expected to register a 28.56% CAGR during the forecast period. On the basis of system configuration, the global counter-UAS market has been classified as portable, vehicle-mounted, and standalone. The standalone segment accounted for the largest market share in 2018. However, the portable segment is expected to register the highest CAGR of 31.92 % during the forecast period. Portable counter-UAS systems offer benefits such as compact size, light weight, and ease in carrying. Furthermore, these systems can be housed in a backpack for onthe-go missions. In terms of end use, the global counter-UAS market has been categorized into military and defense, commercial, and homeland security. The military and defense segment dominates the market. The segment was valued at USD 342.4 million in 2018. 3 www.marketresearchfuture.com Counter UAS Market Forecast To 2024 Segmental Analysis However, the commercial segment is expected to register the highest CAGR during the forecast period. The segment is projected to expand at a CAGR of 31.28% during the forecast period. In commercial environments, counter-UAS systems are used for airspace protection at airports and stadiums. On the basis of application, the global counter-UAS market has been bifurcated into detection and interdiction. The detection segment has been sub-segmented into radar, RF scanners, EO/IR, and acoustic system. The interdiction segment is further divided into jammers, spoofing, lasers, and nets. The interdiction segment is anticipated to expand at a higher CAGR during the forecast period. Interdiction is a method of disrupting the operations of detected UAS by jamming, spoofing, destroying, or catching. Regional Analysis By region, the global counter-UAS market has been segregated into North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. The market in North America was valued at USD 227.6 million in 2018. The presence of major market players, such as Raytheon Company, Northrop Grumman Corporation, and Lockheed Martin Corporation, is expected to drive the market growth in North America. The regional market is estimated to expand at a CAGR of 27.09% during the forecast period. Europe is projected to be a major market for counter-UAS during the review period. The regional market is expected to reach USD 595.6 million by 2024, expanding at a CAGR of 28.21% during the forecast period. Asia-Pacific is projected to be a key region for the market during the review period. The market in the region is expected to reach USD 400.8 million by 2024, expanding at a CAGR of 32.87% during the forecast period. 4 www.marketresearchfuture.com Counter UAS Market Forecast To 2024 Competitive Analysis Prominent players in the global counter-UAS market include Boeing (US), Saab AB (Sweden), Lockheed Martin Corporation (US), IAI (Israel), Northrop Grumman Corporation (US), Rheinmetall AG (Germany), Raytheon Company (US), DroneDefence (UK), L3Harris Technologies, Inc. (US), and Elbit Systems Ltd (Israel). Other companies profiled in the report are Thales Group (France), Blighter Surveillance Systems Ltd (UK), ROHDE&SCHWARZ (Germany), DRONESHIELD (US), Rafael Advanced Defense Systems Ltd (Israel), HENSOLDT (Germany), ASELSAN AS (Turkey), Babcock International Group PLC (UK), Black Sage (US), BSS Holland BV (Netherlands), Cobham Antenna Systems (UK), Diehl Stiftung & Co. KG (Germany), Leonardo SpA (Italy), and Liteye Systems, Inc. (US). Browse Report @ https://www.marketresearchfuture.com/reports/counter-uas-market-7430 5 www.marketresearchfuture.com ABOUT US MARKET RESEARCH FUTURE At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. 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Global Counter UAS Market: Information by Technology (Laser Systems, Kinetic Systems, and Electronic Systems), Platform (Air, Ground, and Naval), System Configuration (Portable, Vehicle-Mounted, Standalone), End Use (Military & Defense, Commercial and Homeland Security), Application (Detection [Radar, RF Scanners, EO/IR and Acoustic System] and Interdiction [Jammers, Spoofing, Laser and Nets]) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and Latin America) - Forecast till 2024
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