Drone, anti-drone markets predicted to rise, reports say

CHICAGO – A report released by Markets and Markets has predicted the rise of the anti-drone market to an estimated $3.8 billion by 2027.

That estimate is roughly over 400 percent higher than its current valuation at $0.9 billion in 2022 at a CAGR of 27.7 percent over the five-year period. Markets and Markets cites the rise of security breaches, counter terrorism activity, and the adoption of counter drones for remote sensing as driving factors for these estimated financial predictions.

“Laser system is projected to grow at the fastest rate for anti-drone market during the forecast period,” The report states. “Companies are trying to develop technologically advanced laser-based anti-drones to increase the targeting capability of anti-drone systems.”

Those numbers pale in comparison to the actual drone market. Valued at $13.44 billion in 2020 ($22.1 billion in 2021), a forecast report from Research and Markets earlier this year estimates that market hitting $43.4 billion by 2027.

“The growing need to increase situational awareness in the military and defense sector is one of the key factors driving the growth of the market,” Research and Markets writes in its report. “Furthermore, significant growth in the construction industry is creating a positive outlook for the market.”

The U.S. Government has weighed in on the market with its investment into drone research opportunities. This month the Federal Aviation Administration (FAA) awarded $2.7 million in research grants to five different American universities for the purpose of disaster preparedness, and emergency response. This funding follows an earlier round of grants distributed by the FAA for $4.4 million toward drone security research.

“This funding and our ongoing partnerships with these universities will allow the FAA to safely integrate the airspace that has a growing number of diverse aircraft users,” said FAA Acting Administrator Billy Nolen. The grants are part of The Alliance for System Safety of UAS through Research Excellence (ASSURE) program
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The U.S. is also one of several allied nations providing drones to Ukraine in its ongoing conflict with Russia. The state department announced $775 million in military aid on August 19 that includes surveillance drone technology. “This $775 million drawdown includes additional arms, munitions, and equipment from U.S. Department of Defense inventories, equipment that Ukraine’s forces have used so effectively for their country’s defense.  This package brings total U.S. security assistance committed to Ukraine to approximately $10.6 billion since the beginning of this Administration.” Secretary of State Antony Blinken wrote. 

The full Anti-Drone and drone reports can be found at www.marketsandmarkets.com, and www.researchandmarkets.com respectively.