LONDON--(BUSINESS WIRE)--Technavio market research analysts forecast the global drone identification systems market to grow at a CAGR of more than 24% during the period 2018-2022, according to their latest report.
The technological advances in drone identification systems is a major trend being witnessed in the market. As the market gains traction during the forecast period, it is expected that the vendors will focus on the technological advances and invest their R&D efforts on them to attain a competitive advantage over other players. Focusing on these factors can help both incumbent and emerging players in formulating their business strategies and carrying out the planning for product development in a more efficient manner.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
Save more with Technavio. Buy 2 reports and get the third for FREE: View all Technavio’s current offers
In this report, Technavio analysts highlight the evidence of threats posed by drones as a key factor contributing to the growth of the global drone identification systems market:
Evidence of threats posed by drones
The past decade has seen an awareness about the possible threats of drones such as misuse by various terrorist, criminal, insurgent, and activist groups. This has led to an increase in the demand for systems, which help in the detection and deterring of threats caused by drones. Among recent incidents is the use of weaponized drones by the ISIS in Iraq and a case of explosives-dropping using the DJI Phantom drone. Apart from this, there are several allegations of drones being used as spying tools and invading the privacy of individuals. The threat of privacy affects not only people but also organizations.
According to a senior analyst at Technavio for robotics, “Apart from dangers to individuals, commercial drones also pose a significant danger to aircraft. This is because, if drones are near an aircraft, they can be sucked into the aircraft turbine, thereby causing significant damage to propulsion systems. As the use of drones in public spaces and by hostile groups such as criminal and terrorist organizations increases, the adoption of drone identification systems will increase. The global drone identification systems market will gain traction as military and civilian end-users increasingly adopt them for ensuring the safety of sensitive zones.”
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Global drone identification systems market segmentation
This market research report segments the global drone identification systems market into the following end-users (military and commercial) and key regions (the Americas, APAC, and EMEA). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
Of the two major end-users, the military segment held the largest market share in 2017, accounting for more than 71% of the market. This end-user segment will dominate the market throughout the forecast period.
The Americas was the leading region for the global drone identification systems market in 2017, accounting for a market share of more than 56%. EMEA and APAC followed the Americas. The APAC region is expected to post significant growth when compared with the other regions.
Technavio’s best deals of the month!
Technavio supports Health for All campaign on this World Health
Day with 20% savings on all reports
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at email@example.com.