Counter UAV Market Research Reports 2021 Global Industry Size, InDepth Qualitative Insights, Explosive Growth Opportunity, Regional Analysis

The Counter UAV Market is projected to reach US$ 5,021.57 million by 2028 from US$ 1,921.55 million in 2021; it is expected to grow at a CAGR of 14.7% from 2021 to 2028.

The global defense sector is increasingly witnessing a rise in asymmetric warfare, and due to this, the governments across developed and developing economies emphasize soldier modernization. The initiatives toward modernizing soldiers include equipping them with advanced combat capabilities, including modern vehicle fleets and countermeasure solutions. The counter UAV systems are among the critical components of soldier modernization among the majority of defense forces. Various military bodies across both developed and developing countries over the years have increased their spending in the procurement of counter UAV systems. The demand for counter UAV systems is expected to continuously grow over the years, as the threat of UAV-based attacks continue to rise. The rise in the manufacturing of small and easily affordable drones also increases the market demand, thereby boosting the counter UAV market growth.

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The List of Companies -
1. Blighter Surveillance System Ltd
2. Dedrone
3. DroneShield
4. Israel Aerospace Industries Ltd.
5. Leonardo S.P.A.
6. Lockheed Martin Corporation
7. Rafael Advanced Defense Systems Ltd.
8. Raytheon Technologies Corporation
9. SRC, Inc.
10. Thales Group

COVID-19 Impact on Counter UAV Market
Due to the COVID-19 outbreak, the manufacturing units across North America were temporarily shut to combat the virus's rapid spread. However, defense sector being of the critical industries of any economy experienced a continuous supply of their products. Defense equipment manufacturing is one of the essential services that was impacted partially due to disrupted raw material supply. The US defense also placed orders for anti-drone systems and experimented with implementing the same in their operations. For instance, in September 2021, the US Navy adopted anti-drone systems developed by Northrop Grumman to counter the rise in UAVs' use. This high demand and rise in manufacturing of counter UAV solutions across the region are positively impacting the growth of the market.

The global counter UAV market share has been segmented into five major regions-North America, Europe, APAC, Middle East & Africa, and South America. APAC is expected to grow with the highest CAGR over the forecast period. 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.

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Key Highlights of the Counter Uav Market Research Report:
• The report summarizes the Counter Uav Market by stating the definition, applications, scope, it's price, supply and demand ratio, and market overview.
• Competitive landscape of all leading key players together with their business strategies, approaches, and latest Counter Uav market development.
• It elements market investment, opportunities, growth factors, restraints, and market risks.
• It performs a comprehensive study of emerging players in the Counter Uav business along with the existing ones.
• It accomplishes primary and secondary research and resources to estimate prime products, market size, and industrial partnerships of this business.

Research Objectives:
• To study and analyze the Counter Uav consumption by key regions/countries, product type and application, history information, and forecast during 2021-2028.
• To understand the structure of Counter Uav by identifying its various sub segments.
• Focuses on the key Counter Uav manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis, and development plans within the next few years.
• To analyze Counter Uav with respect to individual growth trends, future prospects, and their contribution to the total market.
• To share detailed information about the key factors influencing the expansion of the market.
• To project the consumption of Counter Uav submarkets, with respect to key.
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions within the market.
• To strategically profile the key players and comprehensively analyze their growth strategies.

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