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Wagyu Beef Market – The Growth of Luxury And Versatile Breed at a CAGR of 5.9% Owing to Luxury Hospitality Industry

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New York, United States, Aug. 25, 2022 (GLOBE NEWSWIRE) — Wagyu beef can help reduce the risk of various chronic diseases like heart disease, diabetes, and cancer. Wagyu beef is quickly becoming popular among health-conscious consumers because it contains multiple nutrients such as protein, folate, zinc, and fiber. These nutrients, particularly fiber, help to sustain good health. The global Wagyu beef industry is rapidly expanding due to numerous advantages such as protein-rich and premium red meat, health benefits, and disease control advantages. Furthermore, the worldwide Wagyu beef industry is likely to be driven by an increasing customer population seeking healthy meat alternatives.

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Flourishing Luxury Hospitality Industry Spurs the Global Wagyu Beef Market                             

While the retail consumer sector is the mainstay of the mass meat business, Wagyu beef brands focus on and thrive on institutional consumers such as hotels, hotel chains, and high-end restaurant brands. According to our research, approximately 85 percent of Wagyu beef sales are institutional B2B customers. Many Wagyu beef companies have formed alliances with hotel groups, restaurant chains, and specialized eateries with a presence in airports, premium malls, superstores, and metropolitan areas. Wagyu beef companies are also present in retail through various B2C distribution methods. The sales approach is heavily influenced by B2B and restaurant food chains, but companies also target high-end superstores and online retail platforms.

Hotel chains, restaurants, airports, and internet retailers are the top four segments in developing and rising countries. The guests in a luxury hotel or a high-end fine dining establishment are smart and knowledgeable about the advantages of Wagyu beef over other beef categories. As a result, they are the natural market for quality Wagyu beef. The middle-class population’s perception of premium Wagyu beef and its health benefits is slowly changing. People no longer regard Wagyu beef as a luxury item but as a necessity for good health. When the experience is combined with great eating, it influences consumer interest in conventional meat and beef selections.

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Increasing Adoption of E-commerce Website to Create New Opportunities for the Global Wagyu Beef Market

Online stores are a highly successful technique for players in practically all types of markets to market and sell their items in the twenty-first century. Similarly, online sales are a popular marketing method and selling items in the global Wagyu beef business. Specific audience targeting is one of the most valuable elements of the global Wagyu beef market participants’ online sales and e-commerce websites. In the global Wagyu beef business, a massive audience on one platform also drives online sales. People have begun to order Wagyu beef and other products through e-commerce and internet portals, which has increased the worldwide Wagyu beef market. E-commerce websites and businesses rapidly expand in developed, developing, and emerging markets, increasing global demand for Wagyu beef products.

Report Scope

Report Metric Details
Market Size USD 21.31 billion  by 2030
CAGR 5.9% (2022-2030)
Historical Data 2019-2020
Base Year 2021
Forecast Period 2022-2030
Forecast Units Value (USD Billion )
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered Nature, Type, Distribution Channel, Region
Geographies Covered North America, Europe, Asia-Pacific, LAME and Rest of the World
Key Companies Profiled/Vendors Blackmore Wagyu, Itoham Foods Inc., Snake River Farms, Starzen Co. Ltd., DeBragga and Spitler, Sysco Corporation, Chicago Steak Company, Creek Bed Country Farmacy, LLC, Fairway Packing Company, The Butcher’s Market, West Coast Prime Meat, American Grass Fed Beef, DrybagSTeak LLC
Key Market Opportunities Rise in the demand for premium food products
Key Market Drivers Increased importance for high nutritional value food

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Regional Insights

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Asia-Pacific accounts for the largest market share and is estimated to grow at a CAGR of 7.5% during the forecast period. This is attributed to the fast-rising economies such as Japan, China, Singapore, and Thailand. Changing product purchasing habits in Asia-Pacific and favorable government policies are expected to boost the expansion of the Wagyu beef market. Made in China 2025, for example, is a ten-year national plan aimed at transforming China into a worldwide manufacturing force, which is predicted to promote product exports from China, ultimately increasing demand for Wagyu beef as a marketing and customer service approach. Japan and China are at the forefront of product improvements, with numerous Wagyu beef brands entering the market, bolstering the Asia-Pacific Wagyu beef industry.

North America is the second-largest region and is estimated to reach an expected value of USD 4,237 million at a CAGR of 4.6% by 2030. This is attributed to the increasing consumption and adoption of Wagyu beef products among upper and middle-class families in North America. Technological breakthroughs, clever marketing, and rising consumer knowledge of the benefits of eating Wagyu beef are some of the primary reasons driving the regional market. The widespread consumption of Wagyu beef in North America, particularly in the United States, contributes to the market’s overall expansion. The presence of globally known Wagyu beef product manufacturers and importers in North America supports the market’s growth.

Europe is one of the most appealing markets for Wagyu beef. The presence of important market participants in the region, along with strong marketing methods used by manufacturers and importers to attract customers drive the European Wagyu beef market. Rapidly changing lifestyle patterns, adopting the Western culture and eating habits, and increasing knowledge of Wagyu beef are some primary factors driving increased demand in Europe. Furthermore, the expanding competitive edge in the European market and producers controlling the competitive edge through efficient tactics are likely to cause the European Wagyu beef market even further.

Key Highlights

  • The global Wagyu beef market size was valued at USD 12,638 million in 2021. It is projected to reach USD 21,310 million by 2030, growing at a CAGR of 5.9% during the forecast period (2022–2030).
  • Based on type, the global Wagyu beef market is segmented into Cows & Heifers, Steers, and Bulls. Steers account for the largest market share and are estimated to grow at a CAGR of 6.1% during the forecast period. 
  • Based on breed type, the global Wagyu beef market is segmented into Japanese Breed, Australian Breed, and Others. Japanese Breed accounts for the largest market share and is estimated to grow at a CAGR of 6.1% during the forecast period.
  • Based on distribution channels, the global Wagyu beef market is segmented into Store-Based Retail, Hypermarkets & Supermarkets, Restaurants & Food Chain, and Online. Store-Based Retail accounts for the largest market share and is estimated to grow at a CAGR of 6.4% during the forecast period.
  • By region, the global Wagyu beef market is segmented into North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. Asia-Pacific holds dominion in the global market.

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Competitive Analysis

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  • Blackmore Wagyu, Itoham Foods Inc.
  • Snake River Farms
  • Starzen Co. Ltd.
  • DeBragga and Spitler
  • Sysco Corporation
  • Chicago Steak Company
  • Creek Bed Country Farmacy, LLC
  • Fairway Packing Company 
  • The Butcher’s Market
  • West Coast Prime Meat
  • American Grass Fed Beef
  • DrybagSTeak, LLC

Global Wagyu Beef Market: Segmentation

By Type 

  • Cows & Heifers
  • Steers
  • Bulls

By Breed Type 

  • Japanese Breed
  • Australian Breed
  • Others

By Distribution Channel

  • Store-Based Retail
  • Hypermarkets & Supermarkets
  • Restaurants & Food Chain
  • Online

By Regions

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • The Middle East and Africa

TABLE OF CONTENT

1          Introduction

1.1       Market Definition

1.2       Market Scope

2          Research Methodology

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2.1       Primary Research

2.2       Research Methodology

2.3       Assumptions & Exclusions

2.4       Secondary Data Sources

3          Executive Summary

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4          Market Overview

4.1       Report Segmentation & Scope

4.2       Value Chain Analysis: Wagyu Beef Market

4.2.1   Vendor Matrix

4.3       Key Market Trends

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4.3.1   Drivers

4.3.2   Restraints

4.3.3   Opportunities

4.4       Porter’s Five Forces Analysis

4.4.1   Bargaining Power of Suppliers

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4.4.2   Bargaining Power of Buyers

4.4.3   Threat of Substitution

4.4.4   Threat of New Entrants

4.4.5   Competitive Rivalry

4.5       COVID-19 Impact Analysis

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4.5.1   Pre and Post COVID-19 Market Scenario Analysis

4.5.2   Market Recovery Timeline and Challenge

4.6       Environment & Regulatory Landscape

4.7       Forecast Factors & Relevance of Impact

4.8       Macro-Economic & Geopolitical Scenario

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4.9       Parent Market Overview

4.10    Technology Landscape

4.11    Market Share Analysis

4.12    Potential Venture Analysis

4.13    Regional Price Trends

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4.14    Raw Material Trends

4.15    Cost Structure Analysis

4.15.1 Labor Cost

4.15.2 Consumables

4.15.3 Maintenance Cost

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5          Nature Overview

5.1       Introduction

5.1.1   Market Size & Forecast (Value & Volume)

5.2       Organic

5.2.1   Market Size & Forecast (Value & Volume)

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5.3       Conventional

5.3.1   Market Size & Forecast (Value & Volume)

6          Type Overview

6.1       Introduction

6.1.1   Market Size & Forecast (Value & Volume)

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6.2       Wagyu & Kobe

6.2.1   Market Size & Forecast (Value & Volume)

6.3       Crossbreeding

6.3.1   Market Size & Forecast (Value & Volume)

6.4       100% Fullblood Wagyu

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6.4.1   Market Size & Forecast (Value & Volume)

7          Distribution Channel Overview

7.1       Introduction

7.1.1   Market Size & Forecast (Value & Volume)

7.2       B2B

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7.2.1   Market Size & Forecast (Value & Volume)

7.3       B2C

7.3.1   Market Size & Forecast (Value & Volume)

7.3.2   Store Based Retail

7.3.2.1            Market Size & Forecast (Value & Volume)

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7.3.3   Hypermarkets & Supermarkets

7.3.3.1            Market Size & Forecast (Value & Volume)

7.3.4   Restaurants

7.3.4.1            Market Size & Forecast (Value & Volume)

7.3.5   Food Chain

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7.3.5.1            Market Size & Forecast (Value & Volume)

7.3.6   Others

7.3.6.1            Market Size & Forecast (Value & Volume)

7.4       Online Retail

7.4.1   Market Size & Forecast (Value & Volume)

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8          Regional Overview

8.1      Introduction

8.1.1   Market Size & Forecast (Value & Volume)

8.2      North America

8.2.1   Economic Overview

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8.2.2   Market Scenario

8.2.3   The U.S.

8.2.3.1            By Nature

8.2.3.2            By Type

8.2.3.3            By Distribution Channel

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8.2.4   Canada

8.2.4.1            By Nature

8.2.4.2            By Type

8.2.4.3            By Distribution Channel

8.2.5   Mexico

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8.2.5.1            By Nature

8.2.5.2            By Type

8.2.5.3            By Distribution Channel

8.3      Central and South America and the Caribbean

8.3.1   Economic Overview

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8.3.2   Market Scenario

8.3.3   Brazil

8.3.3.1            By Nature

8.3.3.2            By Type

8.3.3.3            By Distribution Channel

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8.3.4   Argentina

8.3.4.1            By Nature

8.3.4.2            By Type

8.3.4.3            By Distribution Channel

8.3.5   Colombia

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8.3.5.1            By Nature

8.3.5.2            By Type

8.3.5.3            By Distribution Channel

8.3.6   The Rest of Central and South America and the Caribbean

8.3.6.1            By Nature

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8.3.6.2            By Type

8.3.6.3            By Distribution Channel

8.4      Europe

8.4.1   Economic Overview

8.4.2   Market Scenario

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8.4.3   Germany

8.4.3.1            By Nature

8.4.3.2            By Type

8.4.3.3            By Distribution Channel

8.4.4   France

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8.4.4.1            By Nature

8.4.4.2            By Type

8.4.4.3            By Distribution Channel

8.4.5   The U.K.

8.4.5.1            By Nature

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8.4.5.2            By Type

8.4.5.3            By Distribution Channel

8.4.6   Italy

8.4.6.1            By Nature

8.4.6.2            By Type

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8.4.6.3            By Distribution Channel

8.4.7   The Rest of Europe

8.4.7.1            By Nature

8.4.7.2            By Type

8.4.7.3            By Distribution Channel

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8.5      Asia-Pacific (APAC)

8.5.1   Economic Overview

8.5.2   Market Scenario

8.5.3   China

8.5.3.1            By Nature

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8.5.3.2            By Type

8.5.3.3            By Distribution Channel

8.5.4   Japan

8.5.4.1            By Nature

8.5.4.2            By Type

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8.5.4.3            By Distribution Channel

8.5.5   India

8.5.5.1            By Nature

8.5.5.2            By Type

8.5.5.3            By Distribution Channel

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8.5.6   Australia

8.5.6.1            By Nature

8.5.6.2            By Type

8.5.6.3            By Distribution Channel

8.5.7   South Korea

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8.5.7.1            By Nature

8.5.7.2            By Type

8.5.7.3            By Distribution Channel

8.5.8   The Rest of APAC

8.5.8.1            By Nature

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8.5.8.2            By Type

8.5.8.3            By Distribution Channel

8.6      The Middle East

8.6.1   Economic Overview

8.6.2   Market Scenario

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8.6.3   Saudi Arabia

8.6.3.1            By Nature

8.6.3.2            By Type

8.6.3.3            By Distribution Channel

8.6.4   The UAE

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8.6.4.1            By Nature

8.6.4.2            By Type

8.6.4.3            By Distribution Channel

8.6.5   Qatar

8.6.5.1            By Nature

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8.6.5.2            By Type

8.6.5.3            By Distribution Channel

8.6.6   Oman

8.6.6.1            By Nature

8.6.6.2            By Type

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8.6.6.3            By Distribution Channel

8.6.7   Turkey

8.6.7.1            By Nature

8.6.7.2            By Type

8.6.7.3            By Distribution Channel

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8.6.8   The Rest of the Middle East

8.6.8.1            By Nature

8.6.8.2            By Type

8.6.8.3            By Distribution Channel

8.7      Africa

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8.7.1   Economic Overview

8.7.2   Market Scenario

8.7.3   Nigeria

8.7.3.1            By Nature

8.7.3.2            By Type

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8.7.3.3            By Distribution Channel

8.7.4   South Africa

8.7.4.1            By Nature

8.7.4.2            By Type

8.7.4.3            By Distribution Channel

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8.7.5   The Rest of Africa

8.7.5.1            By Nature

8.7.5.2            By Type

8.7.5.3            By Distribution Channel

9          Competitive Landscape — Manufacturers & Suppliers

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9.1      Competition Dashboard

9.2      Industry Structure

9.3      Blackmore Wagyu

9.3.1   Business Overview

9.3.2   Financial Performance

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9.3.3   Recent Developments

9.3.4   Product Portfolio

9.4      Itoham Foods Inc.

9.4.1   Business Overview

9.4.2   Financial Performance

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9.4.3   Recent Developments

9.4.4   Product Portfolio

9.5      Snake River Farms

9.5.1   Business Overview

9.5.2   Financial Performance

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9.5.3   Recent Developments

9.5.4   Product Portfolio

9.6      Starzen Co. Ltd.

9.6.1   Business Overview

9.6.2   Financial Performance

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9.6.3   Recent Developments

9.6.4   Product Portfolio

9.7      DeBragga and Spitler

9.7.1   Business Overview

9.7.2   Financial Performance

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9.7.3   Recent Developments

9.7.4   Product Portfolio

9.8      Sysco Corporation

9.8.1   Business Overview

9.8.2   Financial Performance

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9.8.3   Recent Developments

9.8.4   Product Portfolio

9.9      Chicago Steak Company

9.9.1   Business Overview

9.9.2   Financial Performance

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9.9.3   Recent Developments

9.9.4   Product Portfolio

9.10    Creek Bed Country Farmacy, LLC

9.10.1 Business Overview

9.10.2 Financial Performance

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9.10.3 Recent Developments

9.10.4 Product Portfolio

9.11    Fairway Packing Company 

9.11.1 Business Overview

9.11.2 Financial Performance

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9.11.3 Recent Developments

9.11.4 Product Portfolio

9.12    West Coast Prime Meat

9.12.1 Business Overview

9.12.2 Financial Performance

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9.12.3 Recent Developments

9.12.4 Product Portfolio

10        Conclusion & Recommendation

11        Acronyms & Abbreviations

Table of Content and Figure @ https://straitsresearch.com/report/wagyu-beef-market/toc

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Market News
          

  • In July 2022, the finest beef cuts were shared by the Chicago Steak Company, which ideally became chefs’ favorites in steakhouses across America. The company is home to the finest USDA Prime Beef, and it is well-known among Americans who take pleasure in its position as a Midwestern company specializing in hand-cut beef.

News Media

Asia-Pacific to Grab the Lion’s Share in the Wagyu Beef Market

Asia-Pacific Pegged to Record the Fastest Growth in the Global Dry Aging Beef Market, Led by China and India               

Have a Look at the Related Research Report      

Artificial Meat Market: Information by Source (Poultry, Beef, Pork, Duck), Application (Nuggets, Sausages, Burgers), Distribution Channel (B2B, B2C), and Region — Forecast till 2029

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Artificial Intelligence

Huawei Wen Tong: 6G Needs to Embrace AI for Shaping Future Network

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SHENZHEN, China, Sept. 29, 2024 /PRNewswire/ — At the 6G Conference held in Istanbul, on September 24, 2024, Dr. Wen Tong, Huawei Wireless CTO, delivered a keynote speech on 6G standardization and innovation. With the release of the ITU-R 6G vision framework, the 3GPP will start 6G standardization in 2025. “6G is a new generation of mobile technology, not a simple upgrade of 5G, it should bring new value to users,” said Dr. Tong, “6G is a true intergenerational technological disruption. 6G standard, key technologies, and network architecture should be re-defined based on application scenarios and requirements from 2030 to 2040. 6G should not be another way to implement 5G. Instead, 6G should embrace the AI revolution with a quantum leap and generate new values for the consumers. In this way, 3GPP standards can truly realize the 6G vision and create greater value for the entire industry.”

Centered “6G Standardization Direction” and “6G Innovation Driving Force”, Dr. Tong shared important views on the future architecture, terminal development, and key technologies of 6G.
In terms of architecture design, 6G should go beyond Service-Based Architecture and move towards Application-Driven Network.
5G has already achieved market success and continues to evolve towards 5G-Advanced. 6G will not simply reuse 5G network architecture, without generational and fundamental innovations, which will limit the mobile industry’s aspiration and imagination to dive the innovation in the 6G era. 6G must have obvious cross-generational characteristics and technical breakpoint.
On the core side, reusing the 5G core network will hinder the innovation in AI. We should use Agentic-AI based technology to re-architect 6G Core that goes beyond 5G Service-Based Architecture and support the foundational capabilities of AI, Sensing and NTN , and thus evolve towards the Application Driven Network .
In terms of terminal evolution, 6G user device calls for a breakthrough to lead the success of the entire industry chain.
It is the law of the mobile industry to drive the evolution of the market with the pioneering technology. The 6G networks and 6G terminals must meet the requirements of consumers and vertical industries in the 6G market phase from 2030 to 2040.
Currently, smartphones are evolving to AI terminals to usher in the mobile AI era. In post-MBB era, breakthroughs in terminal technologies will be the key to the evolution of the mobile industry. Therefore, 6G user device calls for a breakthrough towards “Full-AI”, thus to drive 6G network upgrade and the success of the entire industry ecosystem.
In terms of technology development, AI will become a key enabler for 6G with network paradigm shifting.
Twenty years ago, the Internet was the enabler of the technology innovations. Mobile communications embraced the Internet and achieved great business success. Today, AI maybe the disruptive enabler of the latest technology innovations.
6G should embrace the AI revolution with a quantum leap. However, 6G networks should not be limited to generative AI, Artificial General Intelligence (AGI) and Embodiment-AI are the main directions of future AI development. Therefore, AGI should run through the whole process of sensing, reasoning, decision, and action of terminals, wireless networks, and core networks of 6G, to welcome the arrival of a new network paradigm.
At the end, Dr. Tong Wen emphasized the relationship between 5G and 6G: “The global 5G deployment is on the rise and evolving to 5G-Advanced, which not only meets the current requirements of operators, but also protects their investment. Therefore, 6G technologies should not overlap with 5G in technologies and market space. The specifications, technologies, and architecture of 6G must be based on the scenarios and requirements from 2030 to 2040. We should focus on true generational technology disruption, embrace the new opportunities brought by AI, expand the mobile industry in the next generation.”
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Artificial Intelligence

How AIoT shapes the future of mobility: Hikvision at ITS World Congress 2024

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HANGZHOU, China, Sept. 27, 2024 /PRNewswire/ — Hikvision made a significant impact at the ITS World Congress in Dubai with its captivating theme, “Embrace AIoT for safer, smarter, and greener mobility.” Its booth became a hub of innovation, where visitors explored AIoT solutions that are reshaping the transportation landscape, sparking deep conversations on the future of urban mobility.

Road safety revolution: harnessing AIoT for secure transportation
Hikvision’s commitment to road safety was on full display at its booth through the impressive array of AIoT solutions designed to create secure and reliable traffic environments. The company’s technology provides 24/7 traffic monitoring, ensuring continuous oversight of motor vehicles, non-motorized vehicles, pedestrians and environmental factors. This comprehensive, real-time information collection enables traffic managers to prevent accidents and enhance road safety. Among the showcased products was the 20 MP IR ANPR Checkpoint Capture Unit, renowned for its high-definition capture capabilities, bolstering traffic safety measures.
A standout innovation was the integration of advanced radar and camera technologies, ensuring uninterrupted, comprehensive detection even in adverse weather conditions. The Radar-Video Fusion Incident Detection Cameras, featured prominently in the product experience area, enable early detection and warning of potential hazards. They are particularly effective in challenging situations such as curved roads, blind spots at intersections, and obstacles beyond visual range.
Attendees also engaged with onboard monitoring products on the simulated bus, including dome network cameras, which is designed to enhance passenger safety. Driving assistance products, such as the Driver Status Monitor (DSM), were demonstrated to mitigate unsafe driving behaviors and ensure safer journeys.
Urban mobility redefined: smart traffic innovations
In the realm of smarter mobility, Hikvision showcased its multidimensional sensing technology, which integrates visible light sensors, infrared sensors, radar, and sonar. This technology expands perception capabilities, significantly improving traffic management and situational awareness. The use of AI-powered comprehensive sensing elevates incident monitoring and violation detection to unprecedented levels of accuracy and efficiency.
A major attraction was the Radar-Video Fusion TandemVu PTZ Camera, which integrates millimeter-wave radar with high-resolution cameras for extensive traffic detection and data analysis. AI-based algorithms combine these two systems to enhance target information, detecting up to 16 types of incidents. This leads to the development of a large-scale fusion model that merges spatial physical data with image semantic information. The result is ultra-long-range perception, achieving over 95% accuracy in vehicle trajectory detection. This robust system improves traffic violation management and optimizes traffic flow, significantly enhancing road efficiency.
At the simulated bus station, visitors observed how AI-assisted people counting automated the collection of passenger flow statistics at peak stop hours and bus line frequency during busy periods. Paired with smart bus stop digital signage, the solution improves bus service quality, operational efficiency, passenger experience, and overall public transport effectiveness.
Sustainable transportation: leading the charge for greener cities
Hikvision’s commitment to sustainable urban mobility was evident through its innovative green wave technology and eco-friendly checkpoint solutions. Green wave technology efficiently manages traffic flow to reduce congestion and lower carbon emissions, aligning with global sustainability goals. Visitors were particularly impressed by a case study showcasing a green wave solution implemented in Zhoushan, China. Over a stretch of 21 kilometers and 34 intersections, this main road cut travel times by 50%.
The use of DarkFighterX technology in checkpoint cameras also received significant attention. This technology senses both visible and invisible light, resulting in more accurate and realistic images. It enhances traffic violation enforcement efficiency while minimizing the need for high ambient light levels, thus reducing light pollution. The 9M DarkfightX ANPR Checkpoint Camera exemplified this dedication to environmental stewardship.
Frank Zhang, President of Hikvision MEA, remarked, “Hikvision supports sustainable urban planning by empowering traffic departments to address congestion and transportation challenges.” He further emphasized, “Our system’s openness fosters a secure and reliable platform for developing smart and green cities. Additionally, our solar technology is extensively utilized in remote areas, while our smart street lighting solutions reduce energy consumption by 20-30%, promoting intelligent urban transportation and advancing global sustainability objectives.”
Hikvision’s presence at the ITS World Congress in Dubai underscored its leadership in integrating AIoT technologies to drive safer, smarter, and greener mobility solutions. The engaging presentations and advanced product demonstrations captured significant attention from industry partners and customers, reaffirming the company’s role as a pioneer in shaping the future of urban transportation. As the world moves towards more intelligent and sustainable transportation systems, Hikvision remains at the forefront, embracing AIoT to create a safer, smarter, and greener future for all.
To find out more about Hikvision’s advanced traffic and public transport solutions, please explore the Hikvision official website.
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Anti-Drone Market worth $7.05 billion by 2029 – Exclusive Report by MarketsandMarkets™

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DELRAY BEACH, Fla., Sept. 27, 2024 /PRNewswire/ — The global anti-drone market was valued at USD 2.16 billion in 2024 and is projected to reach USD 7.05 billion by 2029; it is expected to register a CAGR of 26.7% during the forecast period according to a new report by MarketsandMarkets™. Increasing government spending on counter-drone technologies, rising incidence of critical infrastructure security breaches by unauthorized drones, and surge in adoption of aerial remote sensing technologies to safeguard critical infrastructure are attributed to the demand for anti-drone.

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Browse in-depth TOC on “Anti-Drone Market” 178 – Tables61 – Figures253 – Pages
Anti-Drone Market Report Scope:
Report Coverage
Details
Market Revenue in 2024
$ 2.16 billion
Estimated Value by 2029
$ 7.05 billion
Growth Rate
Poised to grow at a CAGR of 26.7%
Market Size Available for
2020–2029
Forecast Period
2024–2029
Forecast Units
Value (USD Million/Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
By System Type, Application, Platform type, Vertical, and Region
Geographies Covered
North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
Vulnerability to hacking
Key Market Opportunities
Emphasis on improving unmanned aircraft systems technology
Key Market Drivers
Growing number of illicit activities
By System Type: Hybrid systems to account for the larger market share in the forecasted year.
The hybrid segment accounted for the largest share of the anti-drone market in 2029. The trends of integrating multiple anti-drone technologies are rising since they are most effective in detecting, tracking, and neutralizing drone threats. These systems merge electronic, kinetic, and lasers, providing a comprehensive defense solution against UAVs. Hybrid systems use electronic, kinetic, and laser-based countermeasures to offer optimum protection against drones. These systems are designed to detect, track, identify, categorize, and mitigate drones at operational wide ranges ranging from a few km up to tens of km.
By Platform: The ground-based segment accounted for the largest market share in the forecast year.
The ground-based segment will hold a major share of the anti-drone market in 2029. Many ground-based anti-drone systems use several electronic technologies, such as radar, IR sensors, acoustic systems, and RF & GNSS jammers. MESA radar solutions are used mostly for counter-UAS purposes, protecting critical infrastructure, military camps, and other security-sensitive sites from unauthorized drones. One such solution is EchoGuard, a ground-based airspace management solution that contains a software-defined 3D radar that can be specific to the site. This system can identify single or multiple off-chance drones, including swarms in unauthorized areas. They provide accurate and sustained airspace surveillance for the field of view (FOV) they are configured, and both human and AI-monitored visual checks. The system can be easily transported and integrated directly with the command-and-control centers or another identification sensor for portable use, and multiple units of the system can be combined to cover vast areas or lengths of borders. Major providers of ground-based counter-drone systems include companies like EchoDyne Corporation, DeTect, Meteksan Defense, and WhiteFox Defense. Acoustics-based Discovair G2 utilizes patented microphone arrays. With 128 interconnected microphone elements, the Discovair sensor units can establish azimuth and elevation to the target in real-time using advanced digital signal processing.
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By Region: Americas are expected to hold the largest share of the anti-drone market during the forecast period.
Americas is expected to capture the largest share in the anti-drone industry during the forecast period. The growth can be attributed to protecting crucial infrastructure in the region. Governments, particularly in the US, invest in anti-drone systems for military bases, borders, and critical infrastructure. For Instance, in April 2023, RTX secured a USD 237 million contract from the US Army to provide Ku-band Radio Frequency Sensors (KuRFS) and Coyote effectors. These systems are designed to detect and neutralize unmanned aircraft systems (UAS). The contract includes stationary and mobile systems and a specified quantity of effectors, all aimed at enhancing the Army’s operations within the US Central Command region.
Key Players-
The key companies offering anti-drone companies include RTX (US), Lockheed Martin Corporation (US), Leonardo S.p.A. (Italy), Thales (France), and IAI (Israel).
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Drone Sensor Market Size, Share, Industry Growth & Trends by Sensor Type, Platform (VTOL Type, Fixed Wing Type, Hybrid Type), Application (Navigation, Collision Detection & Avoidance, Data Acquisition, Motion Detection, Power Monitoring), End Users and Region – Global Forecast to 2029
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About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
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