Study: Drone/UAV identification systems to grow at nearly 25 percent CAGR 2018-2022
LONDON. A new market study from Technavio, "Global Drone Identification Systems Market 2018-2022," forecasts that the global drone identification systems market will grow at a combined annual growth rate [CAGR] of 24.25 percent during the study period, 2018-2022.
According to the report, one driver in the identification market is evidence of threats posed by drones: Recent years have seen various incidents in which weaponized drones were used by terrorist groups to drop explosives. According to the FAA, the Technavio report says, during 2016 the agency received about a hundred drone incident reports every month.
The report goes on to observe that one challenge in the drone/UAV market will be the technical limitations of technologies used, including the ability to fly an unmanned aerial vehicle (UAV) at low altitudes, their visibility on radar, and uncertainty about operation during certain weather conditions.
The report also recognizes the key players in the global drone identification systems market: Blighter Surveillance Systems, Dedrone, DroneShield, HENSOLDT, Lockheed Martin, Raytheon, and Thales Group.
For more information on the report visit the Research and Markets website.