Counter UAS Market

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2 www.marketresearchfuture.com Counter UAS Market Forecast To 2024 Counter UAS Market Overview The Global Counter-UAS Market is expected to reach USD 2,235.1 Million by 2024, expanding at a CAGR of 28.50% during the forecast period. The counter-UAS providers are investing heavily in advanced technologies to offer enhanced security and detection capabilities to the armed forces. For instance, the SkyWall 100 system by Counter Drone Solutions, an Australia-based company, has an onboard artificial intelligence (AI) computer that can identify a drone and analyze its movements to ensure capture. This shoulder-mounted system uses compressed air to fire a net, which ensures that the drone doesn’t break as it guides back down to ground. The SkyWall 100 can be reloaded quickly and easily to capture multiple drones in less time. In March 2019, Raytheon UK, a subsidiary of Raytheon Company, announced plans to open its new office in London and a manufacturing facility in Scotland to develop innovative solutions for the global defense market. In August 2018, Raytheon Company invested USD 72 million for the development of its new facility at its Andover, Massachusetts, US. The company aims at developing advanced radar technology at the new facility. Free Report Sample @ https://www.marketresearchfuture.com/sample_request/7430
Counter UAS Market Forecast To 2024 The global counter-UAS market has been segmented by technology, platform, system configuration, end use, and application. By technology, the global counter-UAS market has been segmented into laser systems, kinetic systems, and electronic systems. The electronic systems segment is projected to dominate the market during the forecast period. The segment was valued at USD 277.2 million in 2018 and is expected to reach USD 1,187.0 million by 2024. However, the laser systems segment is anticipated to expand at the highest CAGR. The segment is expected to reach USD 709.0 million by 2024, exhibiting the highest CAGR of 30.13% during the forecast period. A laser system is a type of directed-energy weapon (DEW) that damages its target with highly focused energy. The use of laser systems has been increasing for countering enemy UAS. For instance, the US Marine Corps tested a prototype for a vehicle-mounted laser weapon that can be used by soldiers on the ground to counter enemy drones. The kinetic system segment is projected to exhibit a CAGR of 29.02% during the forecast period. Based on platform, the global counter-UAS market has been divided into air, ground, and naval. The ground segment led the market with a value of USD 271.7 million in 2018 and is expected to reach USD 1,235.8 million by 2024. Ground-based systems are designed to be used from either stationary or mobile positions on the ground. This segment includes counter- UAS systems that are installed at fixed sites, mobile systems, and systems mounted on ground vehicles. The naval segment is expected to register a 28.56% CAGR during the forecast period. On the basis of system configuration, the global counter-UAS market has been classified as portable, vehicle-mounted, and standalone. The standalone segment accounted for the largest market share in 2018. However, the portable segment is expected to register the highest CAGR of 31.92 % during the forecast period. Portable counter-UAS systems offer benefits such as compact size, light weight, and ease in carrying. Furthermore, these systems can be housed in a backpack for onthe-go missions. In terms of end use, the global counter-UAS market has been categorized into military and defense, commercial, and homeland security. The military and defense segment dominates the market. The segment was valued at USD 342.4 million in 2018. 3 Segmental Analysis www.marketresearchfuture.com
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