Drone trackers are systems used to prevent drones from flying away due to several factors including excessive wind, radio interference, anomalies in firmware upgrade, loss of connections, software glitches, and bad GPS data. Furthermore, drone trackers are used for surveillance of airspace for any unauthorized drone that may create security issues. Key players in the global drone tracker markets are offering unique features in their products to steer through the competition. For instance, Trackimo provides drone tracker with features like easy setup and activation, light weight, and long battery life. Additionally, the booming drones market worldwide is creating an ample demand for drone trackers owing to the crucial requirement to monitor and track drone activities.
MARKET SCOPE
The "Global Drone Tracker Market Analysis to 2028" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of Drone Tracker market with detailed market segmentation by application, immersion technology, platform, end user, and geography. The global Drone Tracker market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Drone Tracker market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- On the basis Component, the market is segmented as Hardware and Software.
- On the basis of Type, the market is segmented as GPS Drone Tracker and RF Drone Tracker.
- On the basis of End User, the market is segmented into Commercial, and Military.
MARKET DYNAMICS
Drivers:
- Growing incidents of security breaches by unidentified drones
- Increasing illicit activities across the globe
- Increasing demand from defense sectors
Restraints:
- High research and development expenses
- Weight and battery issues
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Drone Tracker market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porter's Five Forces analysis, highlighting the factors affecting the Drone Tracker market in these regions.
IMPACT OF COVID-19 ON DRONE TRACKER MARKET
The COVID-19 impacted the global supply chain resulting in the shortage of supply for Drone Tracker market. However, various key players in the global market have taken stringent steps to deal with the pandemic. During the second half of 2020, it was speculated that drone applications could be useful to fight epidemics by actions such as spraying disinfectants or broadcasting messages. This led to a large scale development of enhanced drone tracking capabilities. For instance, in May 2020, Swiss manufacturer INVOLI launched the sales of the lightest Remote Identification (Remote ID) compatible drone tracker. Furthermore, governments worldwide are imposing regulations on the tracking of UAVs and drones to ensure civil security. For example, in February 2021, the Federal Aviation Administration of the US took a major step towards expansion of prevalence of drones in American life by creating a system for identifying and tracking them. These factors are expected to bolster the growth of the global Drone Tracker market.
MARKET PLAYERS
The report covers key developments in the Drone Tracker market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Drone Tracker market are anticipated to lucrative growth opportunities in the future with the rising demand for Drone Tracker in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Drone Tracker market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- DJI Aerospace
- Accipiter Radar
- Eureka Technology Partners, LLC
- Embention
- INVOLI
- Loc8tor Ltd.
- Thales Group
- Trackimo
- TTP plc
- Vision4ce Limited