The global market for anti-drone technology is expected to reach $1.9 billion by 2024, according to a report by consultancy Grand View Research.

"Electronic countermeasures are anticipated to emerge as a lucrative segment over the next eight years as these measures involve the use of high power electromagnetic and high power microwave weapons to prevent successful transmission and reception of drone signals," the report said.

The Asia-Pacific market will register the highest growth, but global spending will rise as well, according to the report.

"Various national security agencies across the world have started to precisely understand the potential threats from drones and increasingly considering commercial as well as consumer drones as the new major threat to the world," the report said. "It is only a matter of time before redundant and reliable methods of countering drones become mainstream and widely available."