Global Remote Drone Identification System Market to Reach $1.25 Billion by 2029

Reading time ( words)

The global remote drone identification industry growth based on the analysis highlights that the market is expected to reach $1.25 Billion by 2029.

In the current era, drones largely encompass a broad scope of application areas, ranging from agriculture, public safety, delivery of goods, photography, and surveillance. As the need for unmanned drones continues to rise further, there is a critical need to maintain safety and transparency while conducting operations in the airspace.

In 2018, NASA developed an architecture for remote identification along with other industry stakeholders that participated in the demonstration process. The test provided an in-depth approach and rendered an efficient way on how to remotely identify an aircraft in the airspace.

Also, in 2017, Aviation Rulemaking Committee (ARC) presented diverse viewpoints regarding remote ID and tracking of drones. These viewpoints are concerned with technological solutions such as cost effectiveness and better communication infrastructure. n official framework and rules for remote ID is anticipated at the end of 2019 by FAA.

The need for remote drone identification systems is finding new markets particularly in Asia-Pacific and Middle East countries and no longer restricted to American and European markets. Asia-Pacific has been identified as the fastest growing market for these systems.

Geopolitical issues and rising security concerns in urban areas and near critical infrastructure are the main reasons for its steep growth among several countries. Other factors include thriving drone market, changing regulatory landscape, and falling cost of electronic components, among others. China, Australia, India, and Japan are major markets for remote drone identification and commercial drone sales in these countries are going to see a strong growth.

The global remote drone identification system market is driven by number of factors such as growing instances of illegal drone activity, advancements on drone industry, and increased military and commercial applications of drones. Rising security concerns over illegal drone usage has prompted various companies to develop detection and tracking technologies. Earlier detection technologies were used to track drones but it was soon realized that they are not sufficient to detect and identify drones all the time.

At present, remote identification system is not commercially available in the market. However, because of constant developments by both the public and private sector stakeholders, the remote drone identification system market has the potential to generate over a million of dollars in revenue in the next decade.

AirMap, Unifly, Wing, Wright Technologies, FLARM, Vodafone, Verizon, Intel, and Aaronia AG among others, are some of the key stakeholders that are collaborating with other companies for developing a solid technological solution for remote identification along with cost efficient approach to implement a framework for remote ID.



Suggested Items

Worldwide Semiconductor Equipment Billings at $13.3 Billion in 2Q19; Down 20%

09/12/2019 | SEMI
Worldwide semiconductor manufacturing equipment billings reached $13.3 billion in the second quarter of 2019, down 20% from the same quarter of 2018 and 3% from than the previous quarter.

Uncertainties in the Market Rise while a Bounce in NAND Flash Prices Remains Unlikely in 3Q

06/20/2019 | TrendForce
According to the latest investigations by DRAMeXchange, a division of TrendForce, demand for smartphones and servers go below expected levels in 2019 as the US-China trade dispute heats up.

Telecom (Compute and Storage) Infrastructure Market to Reach $16.35B in 2022

09/03/2018 | IDC
A new forecast from IDC sizes the market for compute and storage infrastructure for Telecoms at nearly $10.81 billion in 2017. However, as Telecoms aggressively build out their infrastructure, IDC projects this market to see a healthy five-year compound annual growth rate (CAGR) of 6.2% with purchases totaling $16.35 billion in 2022.

Copyright © 2021 I-Connect007. All rights reserved.