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.
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.
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.
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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