Military & defence to drive Indian drones deterrence market in FY27: TechSci
Rise in the number of terror attacks and the growing concerns regarding the safety of citizens is expected to drive the demand for India’s drone deterrence market in the forecast period.
Rise in the number of terror attacks and the growing concerns regarding the safety of citizens is expected to drive the demand for India’s drone deterrence market in the forecast period, according to a TechSci Research report.
India’ drone deterrence market is expected to witness steady growth for the next five years. The rise in the occurrence of air attacks and the development of technology that facilitates the attack is creating lucrative opportunities for the growth of the drone deterrence market. Drone deterrence systems are primarily used to detect the presence of drones and can take appropriate actions if the need arises.
During the COVID-19 pandemic, supply of the raw material was affected which negatively affected the drone deterrence market growth. Manufacturing units were temporarily shut down and the research and development institutions were closed for this period.
deterrence market is segmented into mitigation type, defence type, end user, regional distribution, and company. Based on the mitigation type, the market can be bifurcated into destructive and non-destructive. The destructive type drones are expected to account for major market share in the forecast period, FY2023-FY2027. The need to eliminate the dangerous drones and put series of damage on the illegal and unwanted drones is contributing to the surge in the growth of the destructive drone market.
Mitsubishi Electric Corporation, Saab AB, Thales Group, Bosch, Raytheon Company, Lockheed Martin Corporation, Israel Aerospace Industries Ltd., LEONARDO S.P.A., Rafael Advanced Defence Systems Ltd., SCI Technology are the leading players operating in India drone deterrence market.