Industry Background:
A transponder is wireless control, communications, and monitoring device that receive and automatically responds to an incoming signal. Transponders provide a location and positioning information about smart unmanned aerial vehicles. It can turn an uncooperative unmanned aerial system into a cooperative unmanned aerial system by offering a user-friendly interface with advanced version modules.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Aerobits Sp. z.o.o. (Poland), FreeFlight Systems, Inc. (United States), Google LLC (United States), L3Harris Technologies, Inc. (United States), Micro Systems, Inc. (United States), Microair Avionics Pty Ltd (Australia), Sagetech Corporation (United States), Sandia Aerospace Corporation (United States), Trig Avionics Limited (United Kingdom) and uAvionix Corporation (United States) |
According to AMA, the market for Drone Transponders is expected to register a CAGR of 66.5% during the forecast period to 2027. This growth is primarily driven by Increasing applications of drones in agriculture and industrial sectors and The increasing need for drones in border monitoring is further likely to affect market growth positively..
Globally, a noticeable market trend is evident
The Semiconductors sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Aerobits Sp. z.o.o. (Poland), FreeFlight Systems, Inc. (United States), Google LLC (United States), L3Harris Technologies, Inc. (United States), Micro Systems, Inc. (United States), Microair Avionics Pty Ltd (Australia), Sagetech Corporation (United States), Sandia Aerospace Corporation (United States), Trig Avionics Limited (United Kingdom) and uAvionix Corporation (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In April 2019, uAvionix Corporation received approval from the Government of Indias Director General of Civil Aviation for the use of its equipment in the country. This is projected to help the company expand its customer base in India.
Market Growth Drivers:
Increasing applications of drones in agriculture and industrial sectors and The increasing need for drones in border monitoring is further likely to affect market growth positively.
Restraints:
The cybersecurity threats may limit the growth of the drone transponders
Opportunities:
The growing popularity of lightweight material and High demand due to the advent of solar-powered drones
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Drone Transponders Market
- Analysis about New Entrants in Drone Transponders Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Drone Transponders Study Sheds Light on
The Drone Transponders Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Drone Transponders industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Drone Transponders industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.