Drone Transponder Global Market Revenue, Value, Share and Forecast to 2024

Market 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.

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).

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Segment 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.

In terms of application, the Global Drone Transponder Market has been bifurcated into civil and military. The civil segment is anticipated to expand at a higher CAGR during the forecast period. This segment covers the market for drone transponders used for all civilian applications such as in industrial, retail, and government. Civilian drone transponders are crucial for industries such as construction, agriculture, border monitoring, and communication. This, in turn, is driving the growth of the segment.

Regional Analysis

By region, the global drone transponder market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America.

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Europe is projected to be the second-largest market during the review period. The regional market is expected to reach USD 672.5 Million by 2024, expanding at a CAGR of 7.22% during the forecast period. Asia-Pacific is projected to be a key region for the market during the review period. The market in the region is expected to reach USD 646.1 million by 2024 at a CAGR of 8.69% during the forecast period.

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