According to the new market research report by MarketsandMarkets on the "Anti-Drone Market by Technology (Laser, Kinetic And Electronics), Application (Detection And Detection & Disruption), Vertical (Military & Defense, Homeland Security And Commercial) And Geography--Global Forecast to 2023," the anti-drone market is expected to grow from USD$342.6 million in 2016 to USD$1,571.3 million by 2023, at a CAGR of 25.9 percent between 2017 and 2023.
The report "Counter-IED Market by End User, Deployment , Capability and Region—Global Forecast to 2022", the counter-IED market is projected to grow from US$1.78 billion in 2017 to US$2.03 billion by 2022, at a CAGR of 2.64 percent during the forecast period from 2017 to 2022.
The rocket and missile market is projected to grow from US$55.53 billion in 2017 to US$70 billion by 2022, at a CAGR of 4.74 percent during the forecast period from the report "Rocket and Missile Market - Global Forecast to 2022".
The emergence of electronic and network centric warfare, replacement of legacy systems resulting in the automaton of radar systems, territorial conflicts and geopolitical instabilities, and sea-based X-Band radars, among others, are driving the demand for the X-Band radar across the globe.
According to a new market research report "Electronic Warfare Market Forecast Analysis (2014- 2020)", by MarketsandMarkets, the total global electronic warfare market is expected to reach $15,590 million by 2020 with a CAGR of 4.50%.
According to a new market research report "Unmanned Aerial Vehicle (UAV) Market (2013-2018)", authored by MarketsandMarkets, the total global UAV market (2013-2018) is expected to reach $8,351.1 million by 2018 with a CAGR of 3.30%.