Global anti-UAV market to reach $1B

The global anti-UAV market will grow to $1.1 billion by 2022, according to a forecast by market research firm MarketsandMarkets. This will reflect a compound annual growth rate of 23.89 percent from the estimated market in 2017.

The strongest growth will be electronic anti-drone systems, according to the report. "The huge investment from key players in electronics system-based anti-drone system, low cost of development, and easily understandable technology are the key drivers for this growth."

North America will comprise the largest market share in 2016, but the Asia-Pacific region will see the strongest growth toward 2022.

The biggest companies in the anti-UAV market are Boeing, Airbus, Saab, Blighter Surveillance Systems, and Lockheed Martin.

Recommended for you
Around The Web