Counter-UAS market to reach $1.97 billion by 2024, study predicts
FREMONT, Calif. A new market study from BIS Research, titled "Global Counter-UAS Market − Analysis and Forecast 2019-2024," reports that the counter-unmanned aerial system (C-UAS) market generated revenue of $785.8 million in 2018 and is projected to reach $1.97 billion by 2024, a combined annual growth rate of 16.83% during the forecast period.
Driving the high growth rate in this market, say study authors, are a number of factors including the growing need to deploy countermeasures against the threats posed by rising number of UASs and the heightened awareness regarding countermeasures, especially in the developing economies.
The homeland-security and commercial end-user segments have witnessed an increase in demand for counter-UAS measures, partly due to the rising number of drone-related adverse incidents. Additionally, the advent of new application opportunities for counter-UAS is one of the major factors expected to boost demand and opportunity in the market.
For additional information visit the BIS Research website.