in ,

ReportLinker: Global Anti-Drone Market to Reach $1.14B by 2022

ReportLinker: Global Anti-Drone Market to Reach $1.14B by 2022 - top government contractors - best government contracting event

data graph chartMarketsandMarkets‘ new report on the global counter-drone systems market states that the anti-drone industry is projected to reach $1.14 billion by 2022 and achieve a 23.89 percent compound annual growth rate from 2017 to 2022.

ReportLinker said Monday counter-drone systems, particularly electronics systems, will play an increasingly significant role in the coming years to fight illegal drone activity.

Incidences of security breach, terrorism and unidentified drones are the top factors that drive the growth of the industry, ReportLinker added.

The report also named Asia-Pacific as the fastest-growing region in the anti-drone market in terms of CAGR while North America is predicted to own the largest market share in 2016.

ReportLinker further listed Boeing, Airbus, Saab, Blighter Surveillance Systems and Lockheed Martin as key players in the industry.

ExecutiveBiz Logo

Sign Up Now! ExecutiveBiz provides you with Daily Updates and News Briefings about Industry News

mm

Written by Ramona Adams

Verizon Lands Spot on Virginia's $150M Network, Comms Support Contract - top government contractors - best government contracting event
Verizon Lands Spot on Virginia's $150M Network, Comms Support Contract
SAIC-ST Kinetics Offers TERREX 2 for Marines' Amphibious Combat Vehicle Program - top government contractors - best government contracting event
SAIC-ST Kinetics Offers TERREX 2 for Marines’ Amphibious Combat Vehicle Program