Stratview Research has recently published a report on the Counter UAV Market. This strategically evaluated report provides a detailed overview that presents today's market scenario and future possibilities, as well as market intelligence and information, for a 5-year period from 2022 to 2028.

Counter UAV Market Analysis:

Stratview Research’s report discusses the segment-wise current market condition. Also, it offers an estimation of future growth opportunities. As per the estimation, the Counter UAV Market is likely to witness an impressive CAGR of 27.45% during the forecast period to reach USD 6.56 billion in 2028.

What is Counter UAV?

Counter UAV, also referred to as counter-drone technology are systems which are used to detect or intercept unmanned aircraft. UAVs are widely being used several various illicit and undercover activities, including smuggling contraband and spying. As of now, there are more than 200 counter-UAV products available from over 150 manufacturers in 30 countries worldwide.

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Some of the companies drives the market growth:

  • Boeing (The U.S),
  • Saab AB (Sweden),
  • Lockheed Martin Corporation (The U.S),
  • Israel Aerospace Industries (Israel),
  • Northrop Grumman Corporation (The U.S),
  • Rheinmetall AG (Germany),
  • Raytheon Company (The U.S),
  • DroneDefence (UK),
  • L3Harris Technologies, Inc. (The U.S), and
  • Elbit Systems Ltd. (Israel).

Segments Analysis

End Use Trends

Based on end-use, the counter UAV market is classified into military & defense, commercial, homeland security, and others.

  • The military & defense segment holds a market share of more than 57% in 2021 and is projected to grow at the highest CAGR during the assessment period.
  • This is mainly attributed to a strong rise in illegal and terrorist activities across the globe, such as the smuggling of contraband and border trespassing, which is anticipated to majorly drive the usgae of counter-UAV systems among the defense forces worldwide.

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

COVID-19 IMPACT

COVID-19 has affected almost every business, irrespective of size, irrespective of region. In the year 2020, the dynamics of the ELECTRIC PRESSURE WASHER Market have shifted dramatically. The consumer climate and business practices have evolved significantly, resulting in numerous process changes that will have long-term consequences.

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