Drone Tracker Market Set for Rapid Growth During 2021 – 2028

Drone Tracker Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Hardware, Software); Type (GPS Drone Tracker, RF Drone Tracker); End User (Commercial, Military) and Geography

Drone trackers are systems used to prevent drones from flying away due to several factors including excessive wind, radio interference, anomalies in firmware upgrade, loss of connections, software glitches, and bad GPS data. Furthermore, drone trackers are used for surveillance of airspace for any unauthorized drone that may create security issues. Key players in the global drone tracker markets are offering unique features in their products to steer through the competition. For instance, Trackimo provides drone tracker with features like easy setup and activation, light weight, and long battery life. Additionally, the booming drones market worldwide is creating an ample demand for drone trackers owing to the crucial requirement to monitor and track drone activities.

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Companies Profiled in this report includes: DJI Aerospace, Accipiter Radar, Eureka Technology Partners, LLC, Embention,  INVOLI,  Loc8tor Ltd., Thales Group, Trackimo, TTP plc, Vision4ce Limited

IMPACT OF COVID-19 ON DRONE TRACKER MARKET

The COVID-19 impacted the global supply chain resulting in the shortage of supply for Drone Tracker market. However, various key players in the global market have taken stringent steps to deal with the pandemic. During the second half of 2020, it was speculated that drone applications could be useful to fight epidemics by actions such as spraying disinfectants or broadcasting messages. This led to a large scale development of enhanced drone tracking capabilities. For instance, in May 2020, Swiss manufacturer INVOLI launched the sales of the lightest Remote Identification (Remote ID) compatible drone tracker. Furthermore, governments worldwide are imposing regulations on the tracking of UAVs and drones to ensure civil security. For example, in February 2021, the Federal Aviation Administration of the US took a major step towards expansion of prevalence of drones in American life by creating a system for identifying and tracking them. These factors are expected to bolster the growth of the global Drone Tracker market.

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MARKET DYNAMICS

Drivers:

  Growing incidents of security breaches by unidentified drones

  Increasing illicit activities across the globe

  Increasing demand from defense sectors

Restraints:

  High research and development expenses

  Weight and battery issues

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