The report is titled ‘Drone Airspace Security System Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the drone airspace security system market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The drone airspace security system market is expected to grow at a significant rate in the near future.
The drone airspace security system market size was valued at US$ 612.2 Mn in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 24.5% from 2020 to 2028.
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Drone Airspace Security System Introduction
The main function of a drone airspace security system is to detect the presence of rogue drones in the airspace. These systems are widely employed in numerous industries, including Government and defense and event management.
Moreover, the airports and airline sector are also benefited from the adoption of drone airspace security systems via unmanned aerial vehicle (UAV) technology. In this sector, drones are employed for detecting drone deliveries along with controlling the bird activity within the area.
Drone Airspace Security System Market Dynamics
The drone airspace security system market witnesses significant growth during the forecast years, owing to the growing occurrence of security breaches worldwide coupled with the robust demand for unmanned aerial vehicles (UAV) in military applications. Moreover, the rising Air Traffic globally is another major factor boosting the growth of the market.
In addition, many airports are expected to adopt the counter-drone technology, as an add-on to the existing airspace security systems; to protect the flights from drone collision in the airspace. For instance, in December 2018, hundreds of flights were canceled at Gatwick airport near London as a result of drone disturbances in the airspace. Thus, the companies and airport authorities are focusing on implementing the technologies that will prove beneficial in combating such a situation. This will increase the application of drones in air space security systems, thereby favoring the market growth.
On the other hand, the high cost of counter-drone systems along with the vulnerability of drone hacking, hijacking, cloud-based attacks, and spoofing are likely to restrict the market growth in the coming future.
However, the innovation of advanced network-based detection and probation systems along with the launch of smart detection systems enlaced with broad range detection sensors will offer profitable growth opportunities for the global drone airspace security system market.
Other factors such as the technological, regulatory, and legal issues linked with the counting of the drones along with the issues associated with airspace traffic management will serve to be the challenging factors, hampering the worldwide market growth in the next decade.
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Drone Airspace Security System Market Segmentation
The global drone airspace security system market is segmented on the basis of components, solutions, applications, and regions. Based on components, the drone airspace security system market is segmented into hardware, software, and services. Further, the hardware segment is categorized into cameras, sensors, radars, jammers, and anti-drone guns, and laser. Based on solutions, the market is categorized into the anti-collision system, drone identification & disruption system, drone operations management, and unmanned traffic management. Furthermore, an application segment is divided into military and