The global drone detection optical systems market held a market value of USD 166.8 Million in 2020 and is forecasted to reach USD 1,039.2 Million by the year 2027. The market is anticipated to witness a growth rate of 30.3% over the forecast period. The market volume is expected to reach about 13,153 Units by 2027.
Drone detection optical systems are used for detecting unmanned aircraft systems (UAS) or drones. The market is expected to be driven by the increasing incidents of security breaching and the rise in the use of surveillance & monitoring equipment among industry verticals. Furthermore, the requirement of developing versatile and scalable anti-drone systems is also expected to boost market growth.
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The vulnerability of drones to hacking, hijacking, spoofing, and cloud-based attacks are expected to negatively hamper the market growth. In addition to this, the development of a cost-effective drone detection optical system is expected to pose a challenge to the market growth. Owing to delayed purchases, customer personnel restrictions, and disruptions in the supply chain during the COVID-19 pandemic, the market experienced a decline in its revenue.
Rising incidents of security breaching
The demand and usage of drones are rapidly increasing, and along with it the number of security breaches is also rising, especially at infrastructures with high importance. Antinuclear groups, terrorists, and business competitors are amongst the most common security breaches. These threats are expected to increase the demand for drone detection optical systems, hence boosting the market growth.
Growing use of monitoring and surveillance equipment across industry verticals
Surveillance and monitoring equipment are being highly adopted in various industry verticals. These include commercial businesses, construction security, critical infrastructure, education, government, healthcare, hospitality, industrial, manufacturing, property management, restaurants, retail, security guards, transportation, and warehouse, among others. All these applications are increasing the demand for drone detection optical systems, hence boosting the market growth.
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Segments Overview: The global drone detection optical systems market is segmented into components and applications. By Component, Hardware (Equipment) The hardware segment is expected to grow owing to its high demand for manufacturing of the drone detection optical systems. Moreover, huge investments by major players across the globe for the development of these systems are also expected to contribute to […]