Global Drone Detection Optical Systems Market was valued at US$ 212.2 Mn in 2021 and is estimated to reach US$ 1,039.2 Mn by 2027. The market is registering growth at a CAGR of 30.3% during the forecast period 2022-2027. In terms of volume, the market was valued at 2,727 units in 2021 and is projected to reach 13,153 units by 2027, registering a CAGR of 30% during the forecast period. Drone detection optical systems are used for detecting unmanned aircraft systems (UAS) or drones.
The market is majorly driven by two factors namely – rising incidents of security breaching and an increase in the use of surveillance and monitoring equipment among industry verticals. Drones are being used for cyberattacks at low cost and easy applicability help drones in carrying out surveillance, capturing data, or disrupting networks. Antinuclear groups, terrorists, and business competitors are amongst the most common security breaches. These rising threats are expected to propel the overall market growth. Furthermore, industrial usage of drones is rapidly gaining demand as multiple industries are working with drones as part of their daily regular business functions. Drones make it easier to monitor and manage traffic within the workspace and help in surveying hard-to-reach places within the industrial premises. Moreover, drones are safe, cost-effective solutions in data collection, monitoring, management, and surveillance. However, the vulnerability of drones to hacking, hijacking, spoofing, and cloud-based attacks is expected to hinder market growth.
Implementation of tracking systems to detect birds, micro drones, aircraft, or other obstacles is an emerging opportunity in the drone detection optical systems market.
Report Summary
The study of the global drone detection optical systems market considers various market determinants, industry value chain analysis, and competitor analysis of the market. The report discusses the analysis of the drone detection optical systems industry for the period 2017-2027, where the base year is 2021 and the forecast period is 2022-2027. The report provides a detailed analysis of the Global Drone Detection Optical Systems Market across 11 Chapters and, 140 pages. The report includes data presentation across 28 tables and 44 statistical figures.
The report provides PESTLE analysis, which is a tool to examine the external market environment factors that have an impact on the industry. The PESTLE analysis examines the Political, Economic, Social, Technological, Environmental, and Legal factors in the external environment. Thus, sufficiently examining the threats and weaknesses of the industry. The research report also provides a SWOT analysis and porter’s five forces analysis wherein the degree of rivalry in the industry is variable between moderate to high.
The subsequent section provides details of the market analysis based on different segments such as component, application, and region. The report includes a detailed study of the value chain of the industry. It includes component providers, technology providers, integrators, and end-users. The report also covers extensively the key competitors in the market for drone detection optical systems.
A hardware component has the complete share in the Global Drone Detection Optical Systems Market in 2021
The complete share of the component segment is contributed by the hardware used in the designing and production of drone detection optical systems. Hardware plays an important role owing to the presence of various sensors and cameras which can provide images and video recording by means of thermal imaging or infrared imaging process. Hardware components like the camera provide visuals on the drone and its payload. Moreover, huge investments by major players across the globe for the development of these systems are also expected to contribute to market growth.
Homeland security application holds the highest share in the Global Drone Detection Optical Systems Market in 2021
In terms of application, the market is segmented into military, homeland security, and civilian/commercial. Out of these, homeland security holds about half of the share of the global drone detection optical systems market in 2021 as drone detection optical systems are responsible for counterterrorism, cybersecurity, aviation security, border security, port security, maritime security, and any other threats to the homeland. Thus, it is important to apply drone detection systems in this sector. Within the civilian/commercial segment, the airport's segment has the highest share and will continue its dominance over the projection period.
North America dominates the Global Drone Detection Optical Systems Market
North America has the maximum share in the drone detection optical systems market owing to increasing malicious activities, high demand for security, and technological advancement in the region.
Competitive Insight
Segmentation Overview of the Global Drone Detection Optical Systems Market
The following are the different segments of the global drone detection optical systems market:
By Component segment of the Global Drone Detection Optical Systems Market is sub-segmented into:
By Application segment of the Global Drone Detection Optical Systems Market is sub-segmented into:
By Region segment of the Global Drone Detection Optical Systems Market is sub-segmented into:
Report Attribute | Details |
---|---|
Market Size Value in 2021 | US$ 212.2 Mn |
Expected Revenue in 2027 | US$ 1,039.2 Mn |
Historic Data | 2017-2020 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Unit | Value (USD Mn) |
CAGR | 30.3% |
Segments covered | By Component, Application, and Region |
Key Companies | Aronia, Lockheed Martin Corporation, Raytheon Technologies Corporation, Robin Radar Systems, and other prominent players. |
Customization Scope | Get your customized report as per your preference. Ask for customization |
The Global Drone Detection Optical System Market is projected to grow at a CAGR of 30.3% during the forecast period 2022-2027.
Rising incidents of security breaching and increase in use of surveillance and monitoring equipment among industry verticals are the key factors.
Homeland Security has the highest market share in the Global Drone Detection Optical System Market in 2022-2027.
The market is classified into North America, Europe and Japan.
Vulnerability of drones to hacking, hijacking, spoofing, and cloud-based attacks.
The Global Drone Detection Optical System was valued at US$ 212.2 Mn in 2021.
North America has maximum share in drone detection system market in 2022-2027.
Germany holds a major share in the European marketplace during the forecast period.
Implementation of tracking systems to detect birds, micro drones, aircraft or other obstacles.
Homeland securities dominates the Japan Drone Detection Optical Systems Market Share in 2021.
The key players in the Global Drone Detection Optical Systems Market are Aaronia, Aselsan, Lockheed Martin, Airbus and Raytheon among others.
LOOKING FOR COMPREHENSIVE MARKET KNOWLEDGE? ENGAGE OUR EXPERT SPECIALISTS.
SPEAK TO AN ANALYST