Global Drone Airspace Security System Market, By Component (hardware (cameras, sensors, radars, and Jammers, Anti-Drone Guns and Laser), software, and services), By Solution (Unmanned Traffic Management, Drone Operations Management, Drone Identification & Disruption System and Anti-Collision System) By Application (Military and Commercial), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East and Africa) is expected to be valued at US$ 3,633.9 Million by 2027, exhibiting a CAGR of 28.5% during the forecast period (2020-2027), as highlighted in a report published by Coherent Market Insights.
Overview
Drone Airspace Security Systems are used in several industries including Government and Defense and Event Management. Drone airspace security systems are used to detect the presence of rogue drones in the airspace. Moreover, airports are adopting unmanned traffic management solutions to protect flights from drone collision in the airspace. Airports are handling drone operations by using unmanned traffic management system or UTM and also using anti-collision system to detect and avoid the drone collision in the airspace. The demand for drone airspace security applications such as drone identification and disruption system and unmanned traffic management system have increased, owing to increase of drones in healthcare, military, and e-commerce applications. Companies are also using anti-collision system to maintain a safer distance from another drone by using sensor.
The global drone airspace security system market accounted for US$ 522.2 Mn in terms of value in 2019 and is expected to grow at a CAGR of 28.5% over the forecast period 2020-2027.
Market Dynamics
Among solution type, drone identification and disruption system is expected to hold dominant position during the forecast period. This system is used to detect unauthorized drones in the airspace. Drone Identification and disruption system is very important . With increasing concerns related to the unauthorized drones entering public and private premises, the demand for identification and disruption system in the market is increasing.
For instance, according to Coherent Market Insights’ analysis, the revenue for drone identification system is expected to reach US$ 1.28 billion by 2029 from US$ 30 million in 2021. Companies and counter drone technology providers are offering various equipment such as acoustic sensors, radars, video and infrared systems, Radio Frequency spectrum analyzer, and others for drone identification and detection due to rising demand for drones in the market.
Global Drone airspace security System Market - Impact of Coronavirus (Covid-19) Pandemic
Drone Airspace Security Systems are majorly used for the security and surveillance purposes. It is widely used in the military and defense equipment. Owing to the COVID-19 pandemic, several governments around the globe are forced to increase the spending on healthcare and safeguarding the economy. For instance, In July 2020, Government of Thailand reduced defense budget from US$ 7.45 billion in 2020 to US$ 7.18 billion for 2021. Currently, several government are majorly focusing on the healthcare industry than the defense industry. Owing to the reduced defense budgets, many governments are less likely to buy military equipment such as drone airspace security systems in 2020-2021.
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/drone-airspace-security-system-market-4413
Browse 150 market data tables* and 90 figures* on “Global Drone Airspace Security System Market” - Global forecast to 2027
Key Trends and Analysis of the Global Drone Airspace Security System Market:
- North America held a dominant position in the global drone airspace security market in 2019 and is expected to retain its dominance throughout the forecast period. This is attributed to the presence of major key players such as 3DR, Dedrone, Boeing, and others in the region. The increasing demand for drones for military and commercial applications in the U.S and Canada is also propelling the market growth
- Asia Pacific is also expected to exhibit highest growth during the forecast period owing to the recent changes in the drone regulations in several countries. China has become the global hub for manufacturing drones in the past six years. For instance, according to Coherent Market Insights’ analysis, there were approximately 1,350 drone manufacturing companies in China in 2019 from 140 drone manufacturing companies in 2013
- By application, military segment is expected to hold dominant position during the forecast period. The increasing adoption of unmanned aerial vehicles in the defense sector is aiding in the market growth. Several countries are focusing on investing in defense to purchase advanced and modern military drones for enhancing combat capabilities and this is also fuelling the market growth. For instance, in December 2016, the U.S. army signed US$ 27.8 million contract deal with Lockheed Martin Corporation, a U.S.-based aerospace defense company, to upgrade AN/TPQ-53 air-defense radar to detect unauthorized drones in military areas
Competitive Section
Major companies operating in the global drone airspace security system market are NTT DATA Corporation, Air Space Drone, Dedrone, DroniTech, Fortem Technologies, Inc., Unifly nv, WhiteFox, Blighter Surveillance Systems Ltd, DroneShield Limited, Hensoldt AG, Raytheon Company, Lockheed Martin Corporation, and Thales Group
Segmentation
Market Taxonomy:
- By Component
- Hardware
- Cameras
- Sensors
- Radars
- Jammers, Anti-Drone Guns and Laser.
- Software
- Services
- Hardware
- By Solutions
- Unmanned Traffic Management
- Drone Operations Management
- Drone Identification & Disruption System
- Anti-Collision System
- By Application
- Military
- Commercial
- By Region
- North America
- Europe
- Latin America
- Asia Pacific
- Middle East and Africa
