Global Drone Transponder Market Size, Share, Analysis, Trend, forecast-2024


Posted April 1, 2020 by nita01

Global Drone Transponder Market is anticipated to reach USD 2,998 Million by 2024 at a CAGR of 6.68% during the forecast period.
 
Overview
Global Drone Transponder Market is anticipated to reach USD 2,998 Million by 2024 at a CAGR of 6.68% during the forecast period.
In the last few years, drones were used for various industrial applications, including aviation, construction, mining, oil & gas, telecom, and logistics. The rise in the use of drones in these industries is driven by benefits over conventional manual inspection technologies; the use of drones helps save lives, time, and costs.
Segmental Analysis
The global drone transponder market has been segmented on the basis of type, platform, fit, application, and drone weight.
By type, the market has been classified as ADS-B compatible and ADS-B non-compatible. The ADS-B compatible segment is projected to dominate the market. It was valued at USD 1,486.1 million in 2018 and is expected to reach USD 2,262 million by 2024. Onboard sensors on drones are ineffective in ensuring collision avoidance. Thus, transponders, such as the ADS-B compatible, are being developed to ensure airspace safety and increase situational awareness, thereby reducing collision risks. ADS-B technology helps drone operators sense and avoid possible collisions. The ADS-B non-compatible segment is anticipated to exhibit a CAGR of 5.60% during the forecast period.
Based on platform, the global drone transponder market has been divided into fixed-wing and rotary-wing. The fixed-wing segment is expected to lead the market during the forecast period. The segment was valued at USD 1,327.1 million in 2018 and is estimated to reach USD 1,880.9 million by 2024. Fixed-wing drones are equipped with wings as opposed to vertical lift rotors and are similar to conventional airplanes. These drones can be controlled using ailerons, elevators, and rudders, which are integrated into the wings. They can cover long distances, map large areas, and are suitable for long-duration monitoring. The rotary-wing segment is expected to register a CAGR of 8.30% during the forecast period.
Competitive Analysis
Key players in the global drone transponder market are Aerobits Sp. z.o.o. (Poland), FreeFlight Systems, Inc. (US), Google LLC (US), L3Harris Technologies, Inc. (US), Micro Systems, Inc. (US), Microair Avionics Pty Ltd (Australia), Sagetech Corporation (US), Sandia Aerospace Corporation (US), Trig Avionics Limited (UK), and uAvionix Corporation (US).
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.

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Last Updated April 1, 2020