Global Drone Identification System Market Size, Future Trends, Sales, Status, Manufactures, Key Players: Leonardo S.P.A., Thales Group, Rheinmetall AG, Precision Hawk, Dedrone, Drone Labs LLC, Mistral Solutions, Kelvin Hughes Limited, Aaronia AG and Rinic

Global Drone Identification System Market Overview:

Terrorist activities now even include the use of drones to capture images of various parameters in the attack area. As a result, manufacturers of unmanned aerial vehicles, with different defense forces and through government initiatives, are developing robust technologies to detect and counter enemy unmanned aerial vehicles. The development of UAV identification and countermeasure technology has helped the defense forces, law enforcement and land titles to detect enemy drones. Another important factor that drives this market is the mandate issued by the Federal Aviation Administration to detect any drone used for illegal activities. This mandate has led several governments and defense forces in developed and developing countries to establish alliances with manufacturers and technology companies to develop countermeasure technologies using drones.

Global Drone Identification System Market Size:

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% from 2016 to 2022.

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Drivers and Restraints:

The UAV identification market is about to increase during the period as a result of ongoing research and development to maximize obstacle detection systems. UAVs are unmanned systems and are likely to encounter obstacles in their path. Different manufacturers are carrying out research on the development of obstacle detection systems that will help drone operators to easily identify the enemy drone. This research and development should increase the interest of end users in obtaining drone identification technologies more quickly. The growth of the UAV identification market is hampered by the risk of cyber-attacks or kidnappings. Cyber-attacks are developed rapidly in order to capture critical information or data, and technologies used in drone identification technology record important information, such as the area of origin of the drones and the operator, among other information. These technologies are vulnerable to cyber-attacks and cyber attackers can use them to gather more information about the target region. As a result, the defense forces and police authorities limit the purchase of these drone identification technologies, which hinders the growth of the market.

Geographical Insights:

Based on geography, the drone identification market has been classified into five strategic regions around the world. These include North America, Europe, Asia Pacific, Middle East and Africa and Latin America. The dominant region in drone identification systems market is North America, followed by Europe, due to extensive research and development in the field of UAV detection and countermeasures.

Leonardo S.P.A. (Italy), Thales Group (France), Rheinmetall AG (Germany), Precision Hawk Inc. (U.S), Dedrone Inc. (U.S), Drone Labs LLC (U.S), Mistral Solutions Pvt. Ltd. (India), Kelvin Hughes Limited (U.K), Aaronia AG (Germany) and Rinicom Ltd. (U.K) are the major players of the Global Drone Identification Market.

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Scope of the report:

The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.

The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.

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