South America Counter UAV Market is expected to reach US$ 96.42 million by 2028

Published Date: 06 May 2022

Report : South America Counter UAV Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Technology (Laser Systems, Kinetic Systems, and Electromagnetic Systems), Force Type (Air, Ground, and Naval), Product Type (Ground-Based and Handheld), Configuration (Portable and Stationary), and End User (Defense and Homeland Security)

Electromagnetic Systems Segment to Dominate South America Counter UAV Market during 2019–2028

According to The Insight Partners market research study on “South America Counter UAV Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Technology, Force Type, Product Type,  Configuration, and End User,” is expected to reach US$ 96.42 million by 2028 from US$ 66.76 million in 2021. The market is estimated to grow at a CAGR of 5.4% from 2021 to 2028. Strategic initiatives by major players is the major factor driving the growth of the South America counter UAV market. However, low adoption among developing and underdeveloped countries may hinder the growth of South America counter UAV market. The report provides trends prevailing in the South America counter UAV market along with the drivers and restraints pertaining to the market growth.

The South America counter UAV market segmented by technology, force type, product type, configuration, end user, and country. Based on technology, the South America counter UAV market is segmented into laser systems, kinetic system, and electromagnetic systems. The electromagnetic systems accounted for the highest share in 2020. Based on force type, the South America counter UAV market is segmented into air, ground, and naval. The ground segment accounted for the highest share in the South America counter UAV market in 2020. Based on product type, the South America counter UAV market is segmented into ground based and handheld. The ground based accounted for the highest share in the South America counter UAV market in 2020. Based on configuration, the South America counter UAV market is segmented into portable and stationary. The stationary segment accounted for the highest share in the South America counter UAV market in 2020. Based on end user, the South America counter UAV market is segmented into defense and homeland security. The defense sector accounted for the highest share in the South America counter UAV market in 2020. Similarly, based on country, the market is segmented into the Brazil and the rest of South America. Brazil contributed a substantial share in 2020. 

Israel Aerospace Industries Ltd., Leonardo S.p.A., Lockheed Martin Corporation, Rafael Advanced Defense Systems Ltd., Raytheon Technologies Corporation, and Thales Group are among the leading companies in the South America counter UAV market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, Thales, Operational Solution Ltd. joined hands on new counter UAS technologies.

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