24/7 Customer Support
The study undertaken by Astute Analytica foresees a tremendous growth in revenue of the global drone detection optical system market from US$ 212.2 Million in 2021 to US$ 1,039.2 Million by 2027, registering a CAGR of 30% during the forecast period 2022-2027. In terms of volume, the market was valued at 2,727 units in 2021 and is projected to grow at a CAGR of 30% during the forecast period. The growth of the market is majorly driven by increasing incidents of security breaching and rise in the use of surveillance and monitoring equipment among industry verticals. The hardware segment is estimated to have the complete share of the market segment owing to availability of various sensors and camera which can provide images and video recording by means of thermal imaging or infrared imaging process. Moreover, the homeland security in terms of application is projected to grow at the fastest CAGR during the forecast period. They are responsible for counterterrorism, cybersecurity, aviation security, border security, port security and maritime security. North America drone detection optical system market has maximum share in global marketplace owing to increasing malicious activities, high demand of security and technological advancement in the region. Also, Japan is witnessing at astounding growth owing to novel advancements in radars that could detect drones, as well as low-flying cruise missiles, as the country continues to aggressively boost its fighting capabilities and flexes its military muscle amid emerging tensions in the region.
Market Dynamics and Trends
Global Drone Detection Optical System Market is majorly driven by factors such as rising incidents of security breaching and increase in use of surveillance and monitoring equipment among industry verticals. The threat of drones is growing rapidly for the purpose of law enforcement and business security officers. Drones are being used because of its low cost and easy applicability which helps in surveillance, capturing data and disrupting networks. There is continuous surge in demand of drones due to its multi- purpose applications usage across the globe. 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 workspace and help in surveying hard-to-reach places within the industrial premises. Moreover, drones are safe to use, they provide cost-effective solutions in data collection, monitoring, management and surveillance work.
The vulnerability of drones to hacking, hijacking, spoofing, and cloud-based attacks are expected to negatively hamper and restrain the market growth. Also, the development of building a cost-effective drone detection optical system is expected to pose a major challenge in the market growth of the drone detection optical system market. Drone threats and vulnerability such as spoofing, operational issues, WIFI Jamming, malware infection and manipulation will restrain the growth in the marketplace.
Opportunities and Trends
The drone traffic is approximately doubling every year and thus increasing the risks associated with them such as risk of collision as well as privacy concerns which surge the demand of drone detection and tracking method for air traffic safety. The major challenging task is to detect drone as there are many objects present in the air such as birds, clouds and commercial airplanes. Smaller size drones with the help of frequency analysis will draw a trajectory along the path of the drone in order to identify the presence of the nearby drones. Detection system has many sensors which will help in identifying different objects with identical shapes through their usual gestures.
The US is the highest share holder country over the forecast period
In terms of market share, the US holds a major share in the drone detection optical system market due to its increasing demand of surveillance and monitoring equipment among various industry verticals. Homeland security holds about half of the share in the marketplace owing to its various features that are used in detection system.
Germany is the highest shareholder in the Europe drone detection optical system market
By country, Germany holds a major share in the European marketplace during the forecast period. The hardware component in terms of market share holds the complete share in the European marketplace as theses drones’ hardware systems are constantly being specialized and their operation numbers are increasing rapidly. Also, homeland securities hold the highest market share in the European marketplace.
Homeland securities dominates the Japan Drone Detection Optical Systems Market Share by Application
The complete share of the segment is contributed by the hardware (equipment) used in the designing and production of Japan drone detection optical systems due to its significantly rising demand of hardware as drones are preferred with inspection technology for transportation infrastructure and other purposes. Homeland security holds 53.6% share in the Japan drone detection optical system market.
Recent Developments in the Global Drone Detection Optical System Market
Global Drone Detection Optical System Market is highly competitive in order to increase their presence in the marketplace. Some of the key players operating in the global market include Aaronia, Aselsan, Lockheed Martin, Airbus, Rohde & Schwarz, Raytheon, Fujifilm Corporation, UAV Coach, Dedrone Holdings Inc, Droneshield Limited, CerbAir and QinetiQ.
Global Drone Detection Optical System Market is segmented based on component, application and region. The industry trends in global marketplace are sub-divided into different categories in order to get a holistic view of the global drone detection optical system market.
Following are the different segments of the Global Drone Detection Optical System Market:
By Component Segment of the Global Drone Detection Optical System Market is Sub- Segmented into:
By Application Segment of the Global Drone Detection Optical System Market is Sub- Segmented into:
By Region Type Segment of theGlobal Drone Detection Optical System Market is Sub- Segmented into:
Have Questions? Request a sample or make an Inquiry before buying this report by clicking the link below: