Global market for military counter-UAV systems will reach $1.223 billion by 2026, says one scenario in market studyNews
February 26, 2018
AMSTERDAM. The global market for military counter-unmanned aerial vehicles (C-UAVs) will grow from its current $379 million to $1.223 billion by 2026, according to one scenario in the report "Global Counter-UAV (C-UAV) Systems Market Forecast to 2026" from Market Forecast. The overall combined annual growth rate (CAGR) of 15.8 percent would hold fairly consistent over the whole period.
According to the report, this number would hold true in what it calls "Scenario 1," during which the markets develop normally and without significant events. Under a proposed "Scenario 2," where a successful UAV attack immediately changes the market, the early CAGR for the military C-UAV market spikes to 25.6 percent, but at the expense of growth in later years, with overall spending actually decreasing somewhat.
In terms of technologies, the report -- which covers predictions for both the military and civil C-UAV market --expects that detection systems like radar and acoustics will account for about half of the sales in the civil market in Scenario 1, but not in the military market. Under Scenario 2, however, that prediction is different: Political demand will accelerate spending on neutralizers like capture devices and directed-energy weapons. The market study concludes that companies that are well-prepared for a possible UAV attack will both profit and serve their customers while those who are caught by surprise will fare less well.
Also covered in the market research: markey dynamics, segment analysis, regional analysis, and company profiles.
For more information on the "Global Counter-UAV (C-UAV) Systems Market Forecast to 2026" please visit the ASD Media/Market Forecast website.