Global counter-UAS market “worth USD1,087 million in 2021”

The global counter-UAV market was valued at USD1,087 million in 2021 and is projected to grow at a CAGR of 29.0% during the forecast period 2022-2032 according to a new ASD News Report.

“An outbreak brought on by the SARS-CoV-2 virus destroyed several lives and businesses. Governments all around the world put in place stringent measures to counteract it, which led to the closure of numerous enterprises and stores. Many people lost their jobs, and businesses lost workers, which reduced output and affected a lot of businesses. All of these factors contributed to the pandemic’s negative impact on the Counter UAV market. The number of new projects worldwide is declining, which has caused a decline in demand for counter-UAV. Since workers cannot leave their homes, counter UAV Technology companies around the world are unable to meet demand. Furthermore, previously possible counter-UAVs cannot be transferred due to travel restrictions and interruptions in the global supply chain. The demand for Counter UAVs will also decline due to postponed purchases, staff limitations, and cross-border commerce constraints. Covid-19 has a short-term impact on the market, but production and supply of these commodities are expected to rise if the situation becomes better.”

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