Published on : Jul 05, 2016
ALBANY, New York, July 05, 2016: As Google’s mission to launch low-cost transponders for drones was in the headlines in 2015, an optimistic environment was created in the minds of other prominent players operating in the global drone transponders market. In 2015, FreeFlight and L-3 Aviation Products disclosed the introduction of automatic ADS-B transceivers. Such inventions from leading players are boosting the global drone transponders market, state analysts in a new research report.
The report, titled ‘Drone Transponders Market Shares, Strategies, and Forecasts Worldwide, 2016 to 2022,’ presents key insights into major developments and the future prospects of the market. According to the report, the global drone transponders market is predicted to reach US$2.5 bn by 2022 owing to the rising need to achieve protected airways.
Compiled with thorough research, the 268-page publication presents a detailed analysis of some of the major factors boosting and restricting the growth of the global drone transponders market. The report informs the stakeholders about the dominant players, their new inventions, and applications of drone transponders.
ADS-B transponders are used on aircraft to prevent mid-air collisions and to provide accurate information about the location and positioning of commercial drones. The increasing use of drone transponders has been a major milestone in providing value to the airline package delivery industry. The report states that new technologies will give rise to new designs and materials. Customized cameras to support the GPS navigation and digital controls will help automate drones further.
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The global market for drone transponders is set for a steady expansion due to the increasing need to avoid drone collisions. The need to manage the safety of airways by managing the route of drones can further drive the global market, predict analysts.
Drone transponders find application in consumer photography, law enforcement, homeland security, real estate, utility infrastructure surveillance, aerial mapping, package delivery, and border control. The growing application of drone transponders is projected to propel the global market, the research predicts.
For competitive analysis, the report lists all leading players operating in the global drone transponders market. Sagetech, L-3 Aviation Products, FreeFlight, Micro-Avionics, Google, Trig Avionics, DJI, and Intel are some of the leading players in the market. Airogistic, Amazon, Denel Dynamics, Dronecode, Fortem, Garmin, IMSAR LLC, I-Lap Timing Systems, Knorr-Bremse Group / Bendix, and Marcus UAV are some of the emerging participants expected to introduce new products.
Leading companies are engaged in adopting advanced technologies to manufacture new features in existing drone transponders. The new entrants are focusing on introducing automated transponders for drones to compete with the key players. With this, the global drone transponders market is projected to be highly competitive yet opportunistic during the period between 2016 and 2020.
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