The drone identification system market worldwide is projected to grow by USD71.1 billion between 2019 and 2025, guided by a compounded growth of 66%, according to market analysis carried out by ResearchAndMarkets published in July 2019. The Drone Identification System market study finds one segment in particular – drone mounting – is predicted to grow by over 63% over the period, rising to USD27.1 billion by 2025.
Representing the developed world, the United States will maintain a 69.4% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over USD1.4 billion to the region’s size in the next 5 to 6 years. Over USD2.9 billion worth of projected demand in the region will come from other emerging eastern European markets. In Japan, Drone Mounting will reach a market size of USD1.8 billion by the close of the analysis period. As the world’s second largest economy, China exhibits the potential to grow at 59.4% over the next couple of years and add approximately USD9.6 billion in terms of addressable opportunity for this sector. The 177-page report includes graphics and data relating to demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East.
Competitors identified include, among others: Aaronia AG (Germany), Advanced Protection Systems Sp. z o.o. (Poland), Blighter Surveillance Systems Ltd. (United Kingdom), Dedrone, Inc. (USA), DroneShield Limited (Australia), Kelvin Hughes Ltd. (United Kingdom), Leonardo SpA (Italy), Mistral Solutions Pvt., Ltd. (India), Orelia SAS (France), Rheinmetall AG (Germany), Rinicom Ltd. (United Kingdom), Thales Group (France).
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