Drone Airspace Security System Market Report Overview
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global drone airspace security system market size was USD 996.6 million in 2022 and market is projected to touch USD 4395.74 million by 2031 at CAGR 17.9% during the forecast period.
Government and the defense sector are the two main users of drone airspace security systems. Hardware is predicted to keep a leading position among component types during the projection period. Cameras, sensors, radars, and jammers, as well as anti-drone weapons, lasers, and these devices are the four primary hardware elements utilized in drones. They are made to deliver accurate information on incoming drones. To prevent dangers brought on by drone collisions, the anti-drone system needs certain hardware components. Different types of jammers are employed to disable drones by obstructing control signals.
In the near future, there will be lucrative development opportunities due to the improvement of drones with the adoption of broad range detecting sensors and tracking systems for sensing micro drones, aircraft, birds, and other impediments. Similar to this, factors like the rising research and development activities for the innovation of novel products, coupled with the growing acceptance of machine learning, artificial intelligence, and other similar developing technologies, will soon serve as trend-setters and drive the growth of the global drone airspace security systems market share and revenue systems.
COVID-19 Impact : COVID-19 to Affect the Drone Airspace Security System Market
Every industry, including the production of anti-drone systems, transportation, oil and gas, and infrastructure, has been adversely impacted by Covid-19. To stop the COVID-19 sickness from spreading, numerous governments around the world, including those in Italy, Spain, and India, have implemented a statewide lockdown. For instance, the Indian government has declared a lockdown between March 25 and June 1, 2020. There is a labor shortage at the production plants as a result of the shutdown. However, as nations like India started the unlock process, factories and stores are increasingly opening step by step. During the anticipated year, the COVID-19 pandemic is anticipated to constrain the market for drone airspace security systems.
Latest Trends
"Rise in Machine Learning and Artificial Intelligence Technologies to Surge to Drone Airspace Security Systems Market"
The expansion of the drone airspace security systems market is being driven by the incorporation of artificial intelligence and machine learning. Drone capabilities are being improved by recent advancements in electronic components such camera, processor, micro-controller, mobile hardware, and modern computer. A speedier CPU, a more sophisticated camera, and contemporary computers enable drones to produce real-time maps of the journey. Using aerial photography technology and modern computing, real-time drone maps can be produced.
Drone Airspace Security System Market Segmentation
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- By Type Analysis
According to type, the market can be segmented into Hardware, Software, and Services amongst which the leading segment is hardware segment.
- By Application Analysis
Based on application, the market can be divided into military and commercial amongst which the leading segment is anticipated to be Military segment.
Driving Factors
"Development in the Counter Drone System to Drive the Drone Airspace Security Systems Market"
Important businesses are forming strategic alliances to create cutting-edge anti-drone technology. For instance, in December 2020, the American business Dedrone announced a collaboration with the British telecom provider Vodafone and the American technological conglomerate Amazon.com Inc.'s subsidiary Amazon Web Services. Through this collaboration, Dedrone accelerated the Dedrone Counter drone solution using Vodafone Business' multi-access edge computing (MEC) solution. This MEC system offers in-flight alerts on drone incursions and guards against drone threats. This is one factor augmenting the drone airspace security systems market.
"Rise in Air Traffic to Proliferate the Drone Airspace Security Systems Market Growth"
Airport security systems are used by the majority of businesses and airport authorities worldwide to safeguard against drone collisions in the air. As an addition to the current airspace security system, several airports are anticipated to implement counter-drone equipment. For instance, hundreds of flights were canceled in December 2018 at Gatwick, the main international airport in London, as a result of drone interference with the airspace.
Restraining Factors
"High Cost of Advanced Electronics and Systems to Restrain the Market Growth"
For surveillance, mapping, and surveying purposes, counter drone systems are utilized in numerous nations. Advanced sensors, propulsion systems, cutting-edge avionics, and cutting-edge flight management technology are all included in drone airspace security systems. The drone airspace security systems are built using top-notch hardware and software and are created in accordance with the demands of the armed forces. The cost of the drone airspace security systems is increased overall by all of these factors.
Drone Airspace Security System Market Regional Insights
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"North America to Remain Dominant Over the Forecast Period "
North America currently holds a dominant position in the global drone airspace security systems market, and it is expected to maintain this position over the forecast period. The reason for this quick growth is the region's increased drone adoption in both the military and commercial sectors of its member nations, which has increased production, supply, and demand for this good and service.
Asia Pacific and Europe are anticipated to follow the region of North America and be the second largest share holders of the drone airspace security system market worldwide. These regions are also advancing at a much faster rate than pre and during pandemic periods which is attributing to the global demand for the product.
Key Industry Players
"Leading Players adopt Acquisition Strategies to Stay Competitive"
Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market.
List of Market Players Profile
- NTT DATA Corporation (Japan)
- Air Space Drone (U.S.)
- Dedrone (U.S.)
- DroniTech (India)
- Fortem Technologies (U.S.)
- Unifly (Belgium)
- WhiteFox Defense Technologies (U.S.)
- Blighter Surveillance Systems (England)
- DroneShield (Australia)
- Hensoldt (Germany)
- Raytheon Company (U.S.)
- Lockheed Martin Corporation (U.S.)
- Thales Group (France)
Report Coverage
This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 996.6 Million in 2022 |
Market Size Value By |
US$ 4395.74 Million by 2031 |
Growth Rate |
CAGR of 17.9% from 2022 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the drone airspace security system market expected to touch by 2031?
The global drone airspace security system market size is expected to reach USD 4395.74 million by 2031.
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What CAGR is the drone airspace security system market expected to exhibit by 2031?
The drone airspace security system market is expected to exhibit a CAGR of 17.9% by 2031.
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Which are the driving factors of the drone airspace security system market?
The driving factors of the drone airspace security system market are Development in the Counter Drone System and Rise in Air Traffic.
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Which are the key players or most dominating companies functioning in the drone airspace security system market?
The dominating companies in the drone airspace security system market are NTT DATA Corporation (Japan), Air Space Drone (U.S.), Dedrone (U.S.), DroniTech (India), and Fortem Technologies (U.S.)