Global Drone Airspace Security System Market, By Component (Hardware (Cameras, Sensors, Radars, Jammers, Anti-Drone Guns and Laser), Software, Services), By Solutions (Unmanned Traffic Management, Drone Operations Management, Drone Identification & Disruption System, Anti-Collision System), By Application (Military, Commercial), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2020 and 2028.
The drone airspace security system market size was valued at US$ 612.2 Mn in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 24.5% from 2020 to 2028.
The engagement of drones in airspace security systems ensures the control of other drones or UAVs (unmanned aerial vehicles) from entering a defined premise. Such drones are majorly employed by government organizations and the defense sector. Drones are engrained with smart cameras, radars, jammers, sensors, anti-drone guns, laser, etc., which makes it a smart UAV machine.
All these components are designed to provide proper information about the approaching drones. In addition, an anti-drone system requires these hardware components for the elimination of the threats caused by drone’s collision. The jammers present within the device are capable of deactivating the other drone by blocking their control signals.
In addition, the growing adoption of drone identification systems by armed forces for the detection and identification of malicious drones is expected to positively impact the market share during the forecast period. Besides, the development of counter-drone systems is also responsible for fueling the market growth, which in turn, has also ignited numerous strategic partnerships between companies. For instance, in June 2020, BlackBerry and Dedrone partnered for the innovation and delivery of advanced counter-drone technology with the integration of BlackBerry’s AtHoc software into Dedrone’s products. This will enable a real-time secure alert when an unauthorized drone is detected in the airspace.
Furthermore, the growing air traffic worldwide is another prime factor propelling the market growth. As almost all the airport authorities are implementing airport security systems to avoid drone-flight collision in the airspace. On contrary, the high risk associated with these advanced electronics and smart systems is expected to restrict the growth of the drone airspace security systems market. Also, the implementation of the latest technologies is likely to elevate the cost of the device, which in turn will limit the product demand and will hinder the market size.
Moreover, the enhancement of the drones with the implementation of broad range detecting sensors and tracking systems for sensing micro drones, aircraft, birds, and other obstacles will offer profitable development opportunities in the near future. Similarly, the factors such as the growing acceptance of machine learning, artificial intelligence, and other such developing technologies coupled with the rising research and development activities for the innovation of novel products will serve to be the trendsetters and will propel the growth of global drone airspace security systems market shortly.
MMC Study identifies some of the key participating players in the drone airspace security system market globally are NTT DATA Corporation, AIR SPACE DRONE, Dedrone, DroniTech, Fortem Technologies, Inc., Unifly NV, WhiteFox, Blighter Surveillance Systems Ltd., DRONESHIELD, HENSOLDT AG, Raytheon Company, Lockheed Martin Corporation, Thales Group, among others.
About Meridian Market Consultants
Meridian Market Consultants (MMC) is committed to providing deep insights that serve as a creative tool for the client that enables it to perform confidently in the market. At MMC we adhere to the client's needs and regularly ponder to bring out more valuable and real outcomes for our customers. We are equipped with a strategically enhanced group of researchers and analysts that redefines and stabilizes the business polarity in different categorical dimensions of the market.
Meridian Market Consultants (MMC)
For Sales Query: email@example.com
For New Topics & Other Info: firstname.lastname@example.org