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Drone Identification System Market by Application (Drone Mounting, Ground Station), Technology (Identification & Detection, Countermeasures), End User (Military, Commercial, Homeland Security), and Region - Global Forecast to 2022

Drone Identification System Market: Global Forecast until 2022

  • April 2017
  • 151 pages
  • ID: 4825389
In this report:
THE DRONE IDENTIFICATION SYSTEM MARKET IN NORTH AMERICA WAS VALUED AT USD ##.## MILLION IN 2016 AND IS EXPECTED TO GROW AT A CAGR OF ##.##% FROM 2016 TO 2022.
ORGANIC STRATEGIES SUCH AS CONTRACTS AND NEW PRODUCT LAUNCHES ACCOUNTED FOR A COMBINED SHARE OF ##% OF THE TOTAL DEVELOPMENTS THAT WERE UNDERTAKEN BY THE COMPANIES IN THE DRONE IDENTIFICATION SYSTEM MARKET BETWEEN JANUARY 2013 AND FEBRUARY 2017.

Summary

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"Rising concerns of security breaches by commercial drones and business investments in drone identification technologies are the top factors that are forecast to steer the drone identification market during the outlook period"

The drone identification market is forecasted to grow from $801.80M in 2016 to $15968.20M by 2022, at a compound annual growth rate of ~64.6 percent during the forecast period. Key factors that are anticipated to fuel the rise of the drone identification market contain growing concerns of security breaches by commercial drones, development of advanced network-based detection systems, and growing investments in drone identification technologies. Nevertheless, Elements such as vulnerability of drones to hacking and airspace traffic management may act as restraints to the increase of the drone identification system market.

"Established on technology, the identification & detection segment is anticipated to lead the drone identification market during the estimate period"

Established on technology, the identification & detection segment is estimated to result the drone identification market during the outlook period. Identification & detection has become a critical factor in safeguarding security. It primarily involves identification and detection of drones. With rising concerns associated to unidentified drones entering public and private premises, the identification & detection technology has become a necessity.

"Established on final user, the commercial segment of the drone identification market is expected to rise at the maximal CAGR (Compound annual growth rate) during the estimate period"

Established on end-user, the commercial segment of the drone identification market is expected to grow at the maximal compound annual growth rate (CAGR) during the outlook period. Territories where drones are sold most face the issue of privacy and safety while balancing the potential benefits resulting from commercial or private use of drones. To address these concerns, drone identification systems can be used to resolve such issues, thereby providing a scope for increase to the drone identification market in commercial application.

"Drone identification market in Asia-Pac (APAC) is anticipated to rise at the highest CAGR (Compound annual growth rate) during the estimate period"

The drone identification market in APAC is anticipated to grow at the highest compound annual growth rate (CAGR) during the outlook period. Increase in military budget (of both, defense and homeland security) for the procurement of advanced defense systems is anticipated to fuel the rise of the APAC drone identification system market.

Break-up of profiles of primary members taking part in this business report:

• By Company category: Tier 1 - 35.0 percent, Tier 2 - 45.0 percent, and Tier 3 - 20.0 percent

• By Description: C-suite - 35.0 percent, D-level - 25.0 percent, Others - 40.0 percent

• By Area: North America (NA) - 45.0 percent, EU - 20.0 percent, Asia-Pac - 30.0 percent, RoW - 5.0 percent

Top players decribed in the drone identification market report are DroneShield, Dedrone Inc., Thales (HO), Kelvin Hughes Limited, Orelia SAS, Advanced Protection Systems SP.Z.O.O, Blighter Surveillance Systems Ltd., and Aaronia AG, among others.

Segment Research

The study segments the drone identification market based on application, technology, final user, and maps these segments and sub-segments across main regions, that is, North America continent, Europe (EU), Asia Pacific (APAC), the Middle East (ME), and RoW. On the basis of application type, the drone identification market has been split into drone mounting and ground station.

On the basis of technology, the drone identification market has been divided into identification & detection and countermeasures. Established on end-user, the drone identification market has been broken down into military, commercial, and homeland security. The study offers detailed market intelligence regarding market dynamics and main Elements such as drivers, industry restraints, possibilities, and market-specific challenges influencing the increase of the drone identification system market, together with analyzing micromarkets with respect to individual developments trends, future perspectives, and their contribution to the drone identification system market.

Why acquiring this study can help you:

From an insight prospect, this market research has emphasized different levels of analyses - industry study, market share research of top players, supply chain research, and company descriptions, which together comprise and examine basic views on opposing landscape, coming out and high-growth segments of the drone identification system market, high-growth areas, and sector drivers, market restraints, and alternatives.

This study furnishes highlights on the following points:

• business entry: Exhaustive information about drone software offerings of top actors in the sector

• Product Development/Innovative products: In-depth understanding on up-on-coming technologies, analysis & growth activities, and recent product launches in the drone identification market

• Market Development: Highlighted information about lucrative industries - the market research examines the industries for drone identification systems across localities

• industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the drone identification market

• opposing assessment: Detailed assessment of market shares, strategies, products, and manufacturing competences of key players in the drone identification market

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