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Insights on the Drone Identification Systems Global Market to 2027 - Featuring Aaronia, Raytheon and Rinicom Among Others - ResearchAndMarkets.com

·4-min read

DUBLIN, December 09, 2021--(BUSINESS WIRE)--The "Drone Identification Systems - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Amid the COVID-19 crisis, the global market for Drone Identification Systems estimated at US$5.7 Billion in the year 2020, is projected to reach a revised size of US$147.1 Billion by 2027, growing at a CAGR of 59.1% over the period 2020-2027.

Drone Mounting, one of the segments analyzed in the report, is projected to grow at a 59.7% CAGR to reach US$63.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Ground Station segment is readjusted to a revised 58.6% CAGR for the next 7-year period. This segment currently accounts for a 58% share of the global Drone Identification Systems market.

The U.S. Accounts for Over 30.5% of Global Market Size in 2020, While China is Forecast to Grow at a 56.1% CAGR for the Period of 2020-2027

The Drone Identification Systems market in the U.S. is estimated at US$1.7 Billion in the year 2020. The country currently accounts for a 30.54% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$23 Billion in the year 2027 trailing a CAGR of 56.1% through 2027.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 53% and 50.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 39.6% CAGR while Rest of European market (as defined in the study) will reach US$23 Billion by the year 2027.

Select Competitors (Total 82 Featured) -

  • Aaronia AG

  • Advanced Protection Systems Sp. Z O.O.

  • Blighter Surveillance Systems Ltd.

  • Dedrone, Inc.

  • Drone Labs LLC

  • DroneShield Ltd.

  • HENSOLDT UK

  • Leonardo S.p.A.

  • Lockheed Martin Corporation

  • Raytheon Company

  • Rheinmetall AG

  • Rinicom Ltd.

  • Thales Group

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

  • Influencer Market Insights

  • World Market Trajectories

  • Drone Identification Systems Market: Prelude

  • A Review of Select Drone Detection, Identification and Counter-UAS Technologies

  • Impact of COVID-19 and a Looming Global Recession

  • Rapid Proliferation of Drones Triggers a Parallel Increase in Investments in the Development of Drone Countermeasure Technologies

  • Number of Countries Worldwide Using Drones/UAVs by Type for the Years 2010 & 2019

  • Global Market for Drones (In US$ Billion) for the Years 2017, 2019, 2022 and 2024

  • Growing Drone Traffic Supported by Increased Commercial/Civil Applications to Step Up Drone Traffic Management Needs: Global UAS Traffic Management (UTM) System Market (In US$ Billion) for the Years 2019, 2022 and 2024

  • Growing Commercial Applications of Drones: A Review of Existing and Emerging Use Cases in Commercial Space

  • Rise in Illegal Use of Drones Strengthens the Business Case for Drone Identification Solutions

  • Increased Frequency of Security Breaches by Drones Drive Demand for Drone Detection Systems

  • Healthy Military Spending Worldwide Provides a Fertile Environment for the Growth of Drones & Counter Drone Technologies in Defense Applications

  • Military Expenditure Worldwide in US$ Billion for the Years 2001 through 2018

  • Leading Countries Ranked by Defense Budgets in US$ Billion for 2018

  • Increase in Global Terrorism & the Ensuing Growing Security Concerns to Drive Deployment of Drone Identification Technologies

  • Continued Threat of Terrorism Drives the Focus on Surveillance as Counterterrorism Response: Global Number of Fatalities (in '000) Due to Terrorist Attacks: 2007 - 2017

  • Global Number of Fatalities from Terrorism: 2017

  • Imposition for Stricter Regulations for Drone Identification Provides Regulatory Driven Stability to Growth in the Market

  • Remote Identification of Unmanned Aircraft Systems - A Notable Development

  • High Growth Potential in Store for the Remote Drone ID System Market

  • Drone Surveillance Radar: A Widely Used Drone Identification Technology

  • Radar Systems for Small or Micro Drones

  • Drone Detection as a Service (DSaaS) Rises in Popularity Supported by the Benefits Offered by Cloud Based Service Models

  • Emergence of Network-Based Intrusion Detection & Prohibition Systems: Major Market Opportunity

  • Market Stands to Gain from Increased Penchant for Sensor-Driven Smart Detection Systems

  • Developments in Advanced Network-Based Detection Systems to Drive Market Growth

  • Tamper-Resistant Solution for Drone Identification & Tracking

  • Co-Locating Additional Systems for Safe Drone Operations

  • Technology Innovations, the Key to Sustained Growth in the Market

  • Use of 3D Technology

  • Counter-UAV Protection System Project for Airport

  • Fraunhofer Develops Modular Drone Detection and Assistance System (MODEAS)

  • Other Notable Developments

  • Promising Startups in Counter Drone Systems Market

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/9bupe1

View source version on businesswire.com: https://www.businesswire.com/news/home/20211209005466/en/

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