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Drone Detection Market worth $2,329.9 million by 2029 – Exclusive Report by MarketsandMarkets™

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DELRAY BEACH, Fla., Feb. 25, 2025 /PRNewswire/ — The Drone detection market is estimated in terms of market size to be USD 659.4 million in 2024 to USD 2,329.9 million by 2029, at a CAGR of 28.7% according to a new report by MarketsandMarkets™. The Drone detection market is driven by the rising number of illegal drone operations. These operations raise serious security concerns in a number of applications by endangering military installations, vital infrastructure, airports, and public areas. Operational safety and national security may be jeopardized by the growing use of drones for illicit intelligence collection, smuggling, and monitoring. Because of their small size, low altitude, and high maneuverability, unauthorized drone operations are hard to detect with traditional security systems. For this reason, it is crucial to use detection technologies made especially to detect drones.

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Browse in-depth TOC on “Drone Detection Market” 
250 – Tables
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Drone Detection Market Report Scope:

Report Coverage

Details

Market Revenue in 2024

$ 659.4 million

Estimated Value by 2029

$ 2,329.9 million

Growth Rate

Poised to grow at a CAGR of 28.7%

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 Technology, Application, Type, Range, Application and region

Geographies Covered

North America, Europe, Asia Pacific, and Rest of World

Key Market Challenge

Cybersecurity risks in connected detection systems

Key Market Opportunities

Advancements in detection technologies

Key Market Drivers

Rising unauthorized drone activities

Based on Application, the military & defense segment is expected to lead the drone detection market during the forecast period.

Based on application, military & defense applications is expected to lead the drone detection market during the forecasted period. This is due to the increasing threat posed by unmanned aerial vehicles (UAVs) in modern warfare and security operations. Armed forces worldwide are investing heavily in drone detection and counter-drone technologies to protect military bases, airfields, naval vessels, and border security zones from potential attacks, espionage, and unauthorized surveillance. Drones are being used by adversaries for reconnaissance, electronic warfare, and even as loitering munitions, making their detection and neutralization a top priority for defense agencies. Advanced radar, radio frequency (RF) sensors, and electro-optical/infrared (EO/IR) systems are widely deployed in military environments to provide continuous surveillance and rapid response against hostile UAVs.

Based on type, the handheld segment is projected to grow at the highest CAGR during the forecast period.

Based on type, the handheld segment is expected to register the highest CAGR in the drone detection market due to its portability, ease of use, and increasing adoption by security forces, law enforcement agencies, and military personnel. Unlike fixed or vehicle-mounted detection systems, handheld solutions offer mobility, allowing operators to detect and respond to drone threats in real-time across various locations. These devices are particularly useful for tactical operations, border security patrols, and VIP protection, where rapid deployment and flexibility are critical. Additionally, handheld drone detection systems often integrate multiple sensing technologies, such as radio frequency (RF) detection and direction-finding, enabling security personnel to quickly locate and assess unauthorized drones.

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North America will lead the drone detection market during the forecast period.

The Drone detection industry in North America will lead the market during the forecast period. This is due to the widespread use of drone security technologies, a rise in unapproved drone activity, and stringent regulatory controls. Significant investments in drone detection systems for military bases and airports are driven by the region’s developed defense and homeland security infrastructure, which is dominated by the United States and Canada. Ground-based and radar-based detection methods have become widely used as a result of growing worries about drone-related security issues, such as possible terrorist operations, smuggling, and airspace intrusions. North America’s top defense contractors and tech companies guarantee ongoing innovation and accessibility to cutting-edge drone-detecting technologies. The region’s market is growing as a result of the growing number of collaborations between defense agencies and private sector businesses to develop and implement counter-drone technologies. Due to these factors, North America is the leading market for drone detection systems during the forecast period.

Lockheed Martin Corporation (US), RTX (US), Northrop Grumman (US), Teledyne FLIR LLC, and Elbit Systems Ltd. (Israel) are the major key players in the Drone detection companies. These companies have strong distribution networks across regions like North America, Europe, Asia Pacific, the Middle East, and the Rest of the World.

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Browse Adjacent Market: Aerospace and Defence Market Research Reports &Consulting

Related Reports: 

Unmanned Systems Market by Type (Unmanned Aerial Vehicle, Unmanned Marine Vehicle, Unmanned Ground Vehicle), Application (Defense, Government & Law Enforcement, Commercial, Consumer, Other), Mode of Operation, and Region -Global Forecast to 2030

Military Radar Market by Platform, Product Type (Surveillance and Early Airborne Warning Radar, Tracking and Fire Control Radar, Multi Function Radar, Airborne Moving-Target Indication (MTI) Radar), Frequency Band, Dimension – Global Forecast to 2029

UAV (Drone) Market by Type (Fixed Wing, Rotary Wing, Hybrid), Platform (Civil & Commercial, and Defense & Government), Point of Sale, Systems, Function, Industry, Application, Mode of Operation, MTOW, Range and Region – Global Forecast to 2029

Military Drone Market by Platform (Small, Tactical, Strategic), Type (Fixed Wing, Rotary Wing, Hybrid), Application (UCAVs, ISR, Delivery), Propulsion (Fuel Powered & Battery Powered), MTOW, Operation Mode, Launching Mode, and Region – Global Forecast to 2028

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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Finloop Launches “RWA CONNECT 2026” to Build a Global Open-Source RWA Ecosystem

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HONG KONG, April 23, 2026 /PRNewswire/ — At the “Connecting the World: Hong Kong RWA Infrastructure Ecosystem Seminar and RWA CONNECT 2026 Launch” held in Hong Kong, Finloop Finance Technology Holding Limited (“Finloop”) announced the official launch of a global open ecosystem community “RWA CONNECT 2026”. At the event, industry leaders from around the world engaged in in-depth discussions with topics such as Hong Kong stablecoins, RWA (real-world assets), and compliant innovation. Finloop took the lead in announcing its open-source ecosystem initiative, and presented a major commitment to a RWA technology service platform, marking that new issuance through RWA tokenization has officially entered the “Thousand-US Dollar Era”.

RWA CONNECT Core Philosophy: Open Source, Co-Creation, and Think-Tank Orientation

The event was jointly organized by Finloop, Fosun Wealth Holdings, FinChain, and ME Group. It brought together numerous elites from government, academia, finance, Web3, and media sectors. During the event, Mr. Cai Hua, CEO of Finloop, announced that “RWA CONNECT 2026” has officially kicked off. From the day onward, for any new issuance project adopting FinRWA Platform (FRP) 3.0 as a one-stop RWA system foundation, the technology system cost can be reduced to as low as US$3,000. This means that tokenization services, which were once expensive and difficult to access, have now transformed into transparent and professional offerings.

Mr. Cai Hua pointed out that Finloop is actively leveraging Hong Kong’s unique position as a “super connector” to launch RWA CONNECT. The initiative aims to address the “pain points” of information asymmetry across the entire RWA lifecycle — issuance, listing, and distribution — while building a “triple bridge” connecting Hong Kong and global markets, capital and real-world assets, as well as Web2 and Web3. He also unveiled Finloop’s three major ecological openness commitments:

Disclosure of compliant issuance processes and frameworks to promote industry-wide standardization and transparency;Transparency of technology platform costs, making them verifiable and predictable;Unified promotion of onboarded project assets to the global exchanges and compliant financial institutions connected by Finloop, while open-sourcing core solutions to ecosystem partners.

“Hong Kong’s RWA shall go global, connect globally, and integrate into the international system to achieve true long-term value,” Mr. Cai Hua emphasized. “The core philosophy of RWA CONNECT is open source, co-creation, and think-tank orientation. By opening our solutions, service processes, and standard mechanisms, we aim to build this community into a shared industry think tank. At the same time, we will fully respect and protect the proprietary technologies and business confidentiality of all partner institutions. In the future, RWA CONNECT will continue to invite high-quality, compliant RWA infrastructure providers, project parties, and institutions from around the world to become ecosystem partners, and jointly help Hong Kong’s Web3.0 industry reach global heights.”

FRP 3.0: The Hardcore Technology Powering the “Thousand-US Dollar Era”

The core technology enabling this cost breakthrough is the FinRWA Platform (FRP) 3.0, developed by Finloop. With compliance at its core, collaboration as its engine, and transparency as its safeguard, the platform provides a complete end-to-end closed loop for RWA products — from issuance and token minting & burning, to listing and on-chain circulation. It supports multi-party collaboration across the full tokenization lifecycle, including issuers, custodians, and token agents. Compared to the previous version 2.0, FRP 3.0 introduces new FinGo features for the C-end (retail customers) by empowering traditional securities firms and enabling their customers subscribe to RWA products with a single click. It also enhances FinMix mid-office capabilities, enabling centralized order scheduling and real-time status synchronization, delivering seamless interoperability from fiat currency to RWA products and from off-chain to on-chain.

Top Global Lineup Gathers to Build the Foundation of the RWA Ecosystem

This event gathered top forces from policy, academia, legal, and industry sectors. Mr. Bryan Peng, Executive Director of the Office for Attracting Strategic Enterprises (OASES) of the Hong Kong SAR Government, Professor Lin Chen, Vice-President of The University of Hong Kong, and Mr. David Wang, Partner at Jun He Law Offices, were invited to attend and deliver keynote speeches from the perspectives of Hong Kong fintech policy & competitive advantages, academic insights, and compliance frameworks, laying a solid foundation for the development of the RWA ecosystem.

In the announcement segment, OmniRealm, in collaboration with Frost & Sullivan, officially launched Hong Kong’s first RWA rating platform, marking a key step forward in industry standardization. Three cross-sector roundtables were also held on the themes of “Dual-Currency Drive • Digital-Real Integration: Outlook on Hong Kong’s Digital Hong Kong Dollar and Stablecoin Ecosystem”, “Regulatory and Risk Control Synergy: Building a Trustworthy RWA Foundation”, and “Harnessing Collective RWA Ecosystem Strength: Establishing Hong Kong as a New Global Digital Asset Hub”. Distinguished participants included representatives from leading domestic and international institutions such as China Asset Management (Hong Kong), HashKey, Anchorpoint, OASES, Greaterbay Financier Association, SlowMist, Conflux, Beosin, Hivemind Capital, Vobile Group, Ava Labs, KuCoin, and exSat. They engaged in in-depth discussions on cutting-edge topics, demonstrating the growing global influence and collaborative momentum within the RWA sector.

RWA CONNECT 2026 officially invites all participants to co-create the future of RWA in Hong Kong!

https://www.finlooprwa.com/rwa-connect

About Finloop Finance Technology Holding Limited

Finloop Finance Technology Holding Limited, along with its subsidiaries (collectively referred to as “Finloop”), is an AI-driven global one-stop Web5 (Web2+Web3) wealth technology platform located in Hong Kong. Finloop offers comprehensive wealth management products and technology solutions to various financial institutions. Its offerings include cash management, public funds and private funds, structured products, bonds, insurance, and virtual assets. As a fintech leader in Asia during the Web3 wave, Finloop has focused on bridging physical and digital assets, developing a one-stop RWA technology, issuance and distribution platform to pioneer new growth pathways in the wealth management industry. For more information, visit www.finloop.hk and www.finlooprwa.com .

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SOURCE Finloop Finance Technology Holding Limited

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Sinch publishes its 2025 Annual Report

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STOCKHOLM, April 23, 2026 /PRNewswire/ — Sinch AB (publ) today published its Annual Report including Sustainability Report for 2025, outlining a year characterized by stable development, improved profitability and continued progress against its strategic priorities.

During 2025, Sinch made progress across several strategic focus areas, including enterprise expansion, self-serve offerings, RCS and email, and partner ecosystems. The company also continued to invest in AI-enabled capabilities to improve efficiency, security and customer experience.

Comment from Laurinda Pang, CEO of Sinch 

“2025 was a year of profound strength for Sinch, marked by record-high profitability and continued organic gross profit growth across all regions and product categories. Amidst a dynamic macroeconomic environment, these achievements, coupled with decisive strategic advancements, firmly establish our trajectory for the next phase of sustainable growth.”

“The way businesses communicate with their customers is undergoing a profound transformation, moving from static notifications to dynamic, AI-powered conversational engagement. This shift allows intelligent systems to understand intent, respond in real-time and automate complex interactions across messaging, voice and email. However, this evolution introduces new complexities: AI needs secure, compliant and reliable communication pathways that navigate fraud risks and global regulations.”

“Sinch has a strong foundation built over years of innovation and deep commitment to providing our customers with best-in-class communication solutions. Our focus remains on accelerating organic growth while maintaining profitability and strong cash conversion, in line with our mission to connect every business with every customer, everywhere in the world.”

Sinch remains committed to sustainability as a key driver of long-term value, focusing on being a trusted partner, reducing the climate footprint of our services and fostering an inclusive and engaging workplace. In 2025, Sinch reduced its Scope 1 and 2 emissions by 16 percent compared to the previous year, marking important progress toward its Science Based Targets (SBTi).

The full Annual Report is available at https://investors.sinch.com/

For more information, please contact:

Mia Nordlander
Head of Investor Relations & Sustainability
Mobile: +46 73 511 53 95
E-mail: mia.nordlander@sinch.com

Fredrik Hallstan
Head of Corporate Communications
Mobile: +46 761 15 38 30
E-mail: fredrik.hallstan@sinch.com

This information is information that Sinch AB (publ) is obliged to make public pursuant to the Swedish Securities Market Act. The information was submitted for publication, through the agency of the contact person set out above, at 07:30 CEST on April 23, 2026.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/sinch-ab/r/sinch-publishes-its-2025-annual-report,c4338347

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SOURCE Sinch AB

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Fisher & Paykel Unveils Nature–Ritual at EuroCucina 2026, Elevating Everyday Routines into Timeless Rituals

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MILAN, April 23, 2026 /PRNewswire/ — Fisher & Paykel, the luxury appliance brand from Aotearoa New Zealand and part of Haier Group global portfolio, has unveiled Nature—Ritual at EuroCucina in Milan.

The 450m² immersive installation introduces the brand’s State of the Art Collection within a sculptural environment inspired by elemental landscapes of New Zealand. At its heart is a simple idea: thoughtful design can elevate routines into meaningful rituals.

Throughout Nature—Ritual, appliances are presented not as standalone objects, but as part of an architecture of living – expressing Fisher & Paykel’s approach to life-centred luxury, where design expression, product intelligence and performance come together to elevate life in the home.

Nature—Ritual also introduces the evolution of Fisher & Paykel’s Minimal Style – a refined expression of minimalism in black or grey glass, defined by flush surfaces, very slight perimeter gaps around appliances, and carefully resolved details. Presented across cooking, fabric care and the wider architectural language of the installation, it reflects the brand’s commitment to supporting architects and designers seeking to create the most resolved and carefully considered spaces.

Daniel Witten-Hannah, Chief Executive Officer of Fisher & Paykel, says the exhibition reflects the company’s point of origin, point of view and ambition on Milan’s global stage.

“Nature—Ritual expresses our belief that the best design is connected to place, shaped by human need and resolved with clarity. “

“Through seamless integration, product intelligence and beautifully resolved materials, it reflects our belief that products engineered for life reduce friction, engage the senses and elevate everyday routines into rituals in the home. “

Creative direction for Nature—Ritual and all sculptural elements was led by Dean Poole of Alt Group, with exhibition design by Calvi Brambilla and Partners in Milan.

Conceived as an oasis of calm within the intensity of EuroCucina, the installation brings together monolithic forms, seamlessly integrated appliances and a layered sensory environment wrapped in a forest-like cloak.

Poole describes Nature—Ritual as an expression of Fisher & Paykel’s worldview.

“It distils the qualities of untouched forest and a deep understanding of life in the home into a warm, tactile minimalism, expressed through just two materials.”

“It is not simply an exhibition of appliances, it’s an exploration of life-centred design that shows how nature, elemental materials and human behaviour come together to give greater meaning to the way we live,” Poole says.

From the exterior, Nature—Ritual presents as a subtly textured monolithic form. Through carefully framed apertures, visitors catch first glimpses of a forest-wrapped interior.

Inside, four scenarios unfold, each crafted from tōtara – a timber indigenous to New Zealand – and volcanic basalt. Bespoke ceramic elements by artist Aaron Scythe, alongside birdsong, scent, light and a high-resolution back-lit forest curtain, create a deeply immersive environment.

Throughout, appliances from Fisher & Paykel’s State of the Art Collection are integrated into four scenarios and five product sculptures as sculptural, high-performance tools for living.

Four scenarios:

Tea Experience

At the threshold, visitors are welcomed with tea — a universal gesture of hospitality. Kawakawa tea, associated with wellbeing, is gently steeped on a monumental slab of induction-heated stone and served in handmade ceramic vessels beside a product sculpture rising four metres to the ceiling.

Product highlight: Fisher & Paykel’s Red Dot Award ‘Best of the Best’ Series 11 60cm Minimal Style ovens presented within carved tōtara surrounds.

The Kitchen as Monolith

Presents the kitchen as a singular architectural presence, with carved tōtara surfaces and basalt forms framing seamlessly integrated food care and wine care solutions. A modular induction cooktop fits flush with the basalt surface, and DishDrawer™ Dishwashers with 20mm stone fronts present the kitchen as a unified design composition rather than a collection of parts.

Product highlight: The Milan debut of Fisher & Paykel’s Series 11 30″ Minimal Style oven with steam assist.

Wine Experience

Shaped by curved and carved tōtara forms, the Wine Experience illustrates the potential of architectural cellaring and tasting within the home. Seamlessly integrated Column Wine Cabinets with precise temperature control and tasting modes heighten the experience of preservation and service.

Product highlight: 61cm Series 11 Integrated Column Wine Cabinet, the building block of the architectural wine cellar.

Fabric Care Experience

The Milan debut of Fisher & Paykel’s new minimalist fabric care ecosystem represents a step change in garment care. Designed as an extension of the luxury wardrobe, fibre-specific treatments, steam care and intelligent sensing technologies preserve the condition of cherished garments. A garment commission by fashion designer Claudia Li completes the installation.

Product highlight: The fashion wardrobe’s ultimate accessory, the Series 11 Minimal Style Fabric Care Cabinet is designed with flush glass surfaces and refined surfaces, seamlessly integrating into the home while bringing an elevated architectural aesthetic to fabric care spaces.

Throughout Nature—Ritual, the State of the Art Collection showcases Fisher & Paykel’s approach to seamless integration, modular planning and Mastery of Temperature.

Each appliance is built on advanced product platforms that combine sensing technology with deep insights from food and fibre science to precisely control the mechanical systems that shape performance and results.

As the premium brand within Haier Group’s global home appliances portfolio, Fisher & Paykel’s strong presence reflects the group’s broader commitment to premium lifestyle and human-centered living experiences. This vision is further extended through Haier’s own presence at Milan Design Week, where a six-zone immersive experience blends design, adaptive technology, and smart ecosystems, placing visitors at the center of connected living.

Within this exhibition space, a dedicated Partner Area invites visitors into an immersive, multi-sensory environment. Through interactive activation inspired by Haier’s collaborations with top-tier football clubs – Liverpool Football Club and Paris Saint-Germain – the space brings to life a shared pursuit of excellence, performance, and innovation, while conveying a premium, champion-inspired lifestyle experience.

Since establishing its presence in Europe in the 1990s, Haier has continuously elevated its premium lifestyle offerings and now serves more than 45 markets across the region. Committed to pioneering superior living experiences through cutting-edge design and intelligent ecosystems, Haier remains dedicated to shaping the future of high-end connected living for consumers worldwide.

For more information:
Visit the official websites: Haier | Fisher & Paykel

Discover Fisher & Paykel’s latest collection at the Nature—Ritual exhibition:
EuroCucina, Hall 4P, Stand D34 at Salone del Mobile.Milano.

Experience Haier’s innovative solutions at:
Spazio Bergognone 26, SUPERSTUDIO MAXI and EuroCucina, Arrex Stand (“Technology by Haier”).

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