Verdantix Says Spending On Drone Defence Technologies Will Top $10 Billion Without Strict Regulations
London - 11 April 2019. Corporations and civil government agencies will be forced to spend $10.8bn on drone defence measures by 2039 if regulators do not enact strict regulations to stop the malicious use of drones. This is the key finding of a new report from drone market experts at independent research firm Verdantix. The analysis is based on the threat that Unmanned Aerial Vehicles (UAVs) pose to 42,600 airports, data centres, industrial facilities, ports, power plants and prisons located in the US, Canada and the European Union.
“The drone attack at the UK’s Gatwick Airport in December 2018 raised awareness of the financial costs and disruption that a malicious drone attack can cause” commented David Metcalfe, Verdantix CEO. “Every month hundreds of vulnerable civil government, industrial and commercial sites are targeted by illegal UAV flights or simply by drone enthusiasts who don’t know the rules. Examples range from smuggling at ports, to delivering contraband to prison inmates, to snooping on commercial meetings. The versatility of payloads that can be attached to drones makes them a huge threat.”
The Verdantix report, “Drone Defence Solutions Market Size & Forecast 2019-39” provides the following insights:
- Complex sites with a large surface area and multiple buildings will need to spend $1.5m on drone defence technology and services
- Spending on drone defence solutions will grow from $80m in 2019 to $10.8bn in 2039 at a 28% CAGR if regulations are not tightened up
- By 2039 prisons will spend $876m, airports $1.5bn and industrial facilities $6.5bn on drone defence solutions
Given the threats posed to thousands of vulnerable locations, a new industry of drone defence technology and service providers has developed. Suppliers of drone-specific sound and vision sensors include Accipiter Radar Citadel Defense and Sensofusion. Early warning systems integrated with existing physical security systems are available from CerbAir and Dedrone. Signal jamming providers include CTS Technology, MCTech and SkySafe. Ballistic systems and lasers are provided by ApolloShield, Battelle, DroneShield and Lockheed Martin.
“UAVs can be seen as a victim of their own success” continued Metcalfe. “The technology is so cheap and the creativity of users so diverse that they can disrupt business and government operations either deliberately or accidentally. A robust regulatory framework including civil and criminal penalties specific to the inappropriate use of drones will be essential to minimize the problems they cause. The challenge for organizations facing threats from drones is that many of the tougher drone defence measures are themselves illegal as they put the public at risk. This story is not going away any time soon.”
To learn more about the drones market register with Verdantix.