Drone Identification System Market to Grow at CAGR of 64.64% by 2022: Vulnerability of Drones to Hacking & Airspace Traffic Management to Limit Growth - Research and Markets

DUBLIN, Apr 18, 2017 /PRNewswire/ --

Research and Markets has announced the addition of the "Drone Identification System Market - Global Forecast to 2022" report to their offering.

The drone identification market is estimated to grow from USD 801.8 million in 2016 to USD 15,968.2 million by 2022, at a CAGR of 64.64% during the forecast period. Key factors that are expected to fuel the growth of the drone identification market include rising concerns of security breaches by commercial drones, development of advanced network-based detection systems, and increasing investments in drone identification technologies. However, factors such as vulnerability of drones to hacking and airspace traffic management may act as restraints to the growth of the drone identification system market.

Based on technology, the identification & detection segment is estimated to lead the drone identification market during the forecast period. Identification & detection has become a critical factor in safeguarding security. It primarily involves identification and detection of drones. With increasing concerns related to unidentified drones entering public and private premises, the identification & detection technology has become a necessity.

Based on end user, the commercial segment of the drone identification market is projected to grow at the highest CAGR during the forecast period. Countries where drones are sold most face the issue of privacy and safety while balancing the potential benefits resulting from commercial or private use of drones. To address these concerns, drone identification systems can be used to resolve such issues, thereby providing a scope for growth to the drone identification market in commercial application.

Companies Mentioned

• Aaronia AG
• Advanced Protection Systems Sp. Z O.O.
• Blighter Surveillance Systems Ltd.
• Dedrone, Inc.
• Dronelabs LLC
• Droneshield
• Kelvin Hughes Limited
• Leonardo S.P.A.
• Mistral Solutions Pvt. Ltd.
• Orelia Sas
• Precision Hawk
• Rheinmetall AG
• Rinicom Ltd
• Thales Group
  

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Drone Identification System Market, By Application

8 Drone Identification System Market, By Technology

9 Drone Identification System Market, By End User

10 Regional Analysis

11 Competitive Landscape

12 Company Profile

For more information about this report visit http://www.researchandmarkets.com/research/j5l7wb/drone

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SOURCE Research and Markets