Drone Transponder Market

Drone Transponder Market is anticipated to expand at a CAGR of 7% while procuring a market value of USD 2,998 million during the forecast period 2019-2024.

The increasing application of drones in the agriculture and industrial sector is anticipated to be a significant factor that can fuel the drone transponders market 2020. The growing border tension among various countries is likely to bring a positive impact on the worldwide Drone Transponder Market Trends during the review period. The rising prominence of lightweight material and the emergence of solar-powered drones are anticipated to develop the market in the forecast period. 

On the other hand, the cybersecurity threats are likely to impede the market growth in the assessment period. However, various benefits of using drones for over conventional methods in the construction and aviation sector are expected to combat the hampering cause that can aid in fueling the market in the assessment period.

Key Players 

Eminent players of the global drone Drone Transponder Market are FreeFlight Systems, Inc. (US), Aerobits Sp. z.o.o. (Poland), Google LLC (US), Micro Systems, Inc. (US), L3Harris Technologies, Inc. (US), Microair Avionics Pty Ltd (Australia), Sandia Aerospace Corporation (US), Sagetech Corporation (US), Trig Avionics Limited (UK), and uAvionix Corporation (US).

Market Segmentation 

The segmental analysis of the global drone transponder market is done by platform, type, fit, drone weight, and application.

The platform-based segments of the global Drone Transponder Market are fixed-wing and rotary-wing. Between the two segments, the fixed-wing segment is likely to dominate the market during the review period. The segment is estimated to acquire a market value of USD 1,880.9 million by 2024. 

The type-based segments of the global Drone Transponder Market Share are ADS-B compatible and ADS-B non-compatible. Between the two segments, the ADS-B segment is anticipated to dominate the global market. 

The fit-based segments of the global drone transponder market are line-fit and retrofit.  Between the two segments, the line-fit segment is expected to dominate the global market during the forecast period.

The drone weight-based segments of the global drone transponder market are less than 5 kg, 5–25 kg, 25–150 kg, and more than 150 kg. 

The application-based segments of the global drone transponder market are civil and military. Between the two segments, the civil segment is expected to witness a higher CAGR as compared to the other segment during the assessment period.

Regional Analysis

Based on the region, the global market is segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. 

As per the analysis, the global market is anticipated to be dominated by North America during the review period owing to the presence of eminent players. The regional market is anticipated to witness a CAGR of 5.70% during the review period. The US and Canada are likely to play a salient role in augmenting the regional market during the forecast period. 

Europe is expected to acquire a second position during the forecast period by acquiring a market value of USD 672.5 million, expanding at a CAGR of 7.22% by 2024. The growing demand for drones in various end-user sectors is expected to drive the regional market.

APAC region is anticipated to be a lucrative market during the forecast period by acquiring the market value of USD 646.1 million, expanding at a CAGR of 8.69%. The increasing border tension among various countries can propel the regional market. 

The MEA region is expected to garner significant market value during the forecast period owing to the growing awareness about benefits of drones.

Key Developments

In October 2018, Aerobits Sp. z.o.o. collaborated with FLARM Technology Ltd, a company specializing in the production of anti-collision systems for general aviation, to miniaturize its ADS-B devices.

Drone Transponder Market: Information by Type (ADS-B Compatible and ADS-B Non-Compatible), Platform (Fixed-Wing and Rotary-Wing), Fit (Line-Fit and Retrofit), Application (Civil and Military), Drone Weight (Less than 5 kg, 5–25 kg, 25–150 kg and More than 150 kg) and Region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America) - Forecast till 2027

Related Links:

• In-Flight Catering Service Market by Aircraft Class (First Class, Business Class, Premium Economy Class, and Economy Class), by Flight Type (Full Service and Low Cost), by Catering Type (Bakery & Confectionary, Meals, Beverages and others) and by Geography - Forecast To 2030
• Aircraft Aftermarket Parts Market: Information By Parts (MRO Parts, Rotatable Scrap Replacement Parts, Consumable, Expendable), By Application (Commercial and Military) - Forecast till 2030
• Electronic Warfare Market Research Report: Information By Category (Electronic Attack (EA), Electronic Support (ES) and Electronic Protection (EP)), Product (Jammers, Countermeasure System, Decoy, Directed Energy Weapon, 2G Antennas, 3G Antennas, 4G Antennas, 5G Antennas and Others), Platform (Land-based, Airborne and Naval) and Region (North America, Europe, Asia-Pacific, Latin America and the Middle East & Africa) - Forecast to 2030

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:

Market Research Future®

99 Hudson Street,5Th Floor

New York, New York 10013

United States of America

Phone:

+1 628 258 0071(US)

+44 2035 002 764(UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com