Drone Sensor Market – Global Industry Analysis And Forecast (2023-2029)

Drone Sensor Market was valued at US$ 2.90 Bn. in 2022. The Global Drone Sensor Market size is estimated to grow at a CAGR of 23.5 % over the forecast period.
Drone Sensor Market Overview:
The report explores the Drone Sensor market's segments (Type, Sensor Type, Application, End-User, and Region). Data has been provided by market participants and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). This market report provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2018 to 2022. The report investigates the Drone Sensor market's drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Drone Sensor market's contemporary competitive scenario.

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Drone Sensor Market Dynamics:
The rapid adoption of drones in different sectors:

Unmanned aerial vehicle (UAV), commonly known as a drone. A drone is a type of aircraft without any human pilot, crew, or passengers on it. These UAVs are a part of the Unmanned aircraft system (UAS), which consists of a ground-based controller and a communication system for connecting with the UAV. In recent years, these drones have transformed into many applications as they can fly beyond a visual line of sight, leading to an increase in productivity by reducing the costs and risks with the assurance of safety, security, and regulatory compliance. Nowadays, drones are also used for performing consumer-related missions such as package delivery which is being used by Amazon Prime Air, and some critical deliveries of health supplies.

Drones are also having their presence in the Civilian, Commercial, military, and aerospace sectors. During Warfare, drones were used for the applications like surveillance, logistics, communication, attack, and combat. These rising drones demand is leading to the growth of the drone sensor market.

Some key factors which are driving the market are the rising demand for higher resolution imaging for mapping and surveying. The increase in the procurement of drones in many countries for modernizing and improving the military and defense capabilities for countering insurgencies, terrorism, and border crossing is being used. There is the rapid adoption of drones in the commercial sectors for Aerial Photography drones are used for taking aerial shots in photography and cinematography. With the increase in the application of drones in various fields, the demands for drones are also increasing. The excellent data collection is improving the overall capability of the performance of unmanned systems. Hence all these factors are driving the growth of the Drone Sensors market during the forecast period.

Limited Performance and High Cost:

The rising uses of the unmanned systems in the Civilian, Commercial, military, defense, and aerospace sectors are owing to the collection of data, mapping ability, surveillance, and striking capabilities of the drone are fueling the market. In the commercial sectors for Aerial, Photography drones are used for taking aerial shots in photography and cinematography. In agriculture, precision agriculture practices, drones are used. The small-sized drones are also used efficiently in various sectors like services, logistics, and agriculture. These drones have the characteristics of sensing, altitude, pressure, flow, position, and temperature. Drones have many advantages, but some of the sensors are sensitive to extreme environmental conditions, which make these non-functional systems. The cost of these sensors is also very high with a very complicated circuit design, and their dependency on other factors is making them restraints that can hamper the Drone Sensor Market during the forecast period.

Drone Sensor Market Trends:

Currently, Drone technology is gaining a lot of attention in various industrial sectors like Civilian, Commercial, military, aerospace, aerial photography, and Precision Agriculture. Many companies are focusing on improving the capabilities of the sensor to attain superior functionality to achieve successful operations. These sensors are required for sensing motion, navigation, and collision detections. During Warfare, drones were used for the applications like surveillance, logistics, communication, attack, and combat. These rising drone demands are leading to the growth of the drone sensor market.

These systems provide accurate information by sensing the various conditions. Many companies are working to integrate multiple parameters into one system like temperature, rainfall, and humidity. This system of integrating technologies will require the Internet of Things (IoT), Machine learning, and Artificial Intelligence (AI). With the help of these technologies, a new generation of sensors can be developed. There is a huge demand for autonomous drones across countries worldwide.
Drone Sensor Market Segment Analysis:
Based on Sensor Type, the Drone Sensor Market is segmented into Inertial Sensors, Image Sensors, Speed and Distance Sensors, Position Sensors, and others. Among all segments, Inertial Sensors held the maximum market share in 2022. Further, this Inertial sensor is further segmented into accelerometers, gyroscopes, tilt sensors, and magnetometers. Thermal, Infrared, and Multispectral image sensors are the three image sensors. The radar, proximity sensors, and LiDAR sensors are the three types of distance and speed sensors. GNSS and GPS are the two sensors used in sensing locations. The maximum demand for sensors is from inertial images as these have a high use in the commercial sector. The rise in the growth of the utilization of aerial photography, which is an uncommercial sector, is increasing the demand for products.



Based on Application, the market is segmented into Navigation, collision detection and avoidance, data acquisition, motion detection, and others. The navigation segment is said to hold the maximum number of market shares in the market. The unmanned system has a very wide range of characteristics for determining the accurate location and directions for flight operations. The GPS and GNSS sensors and navigation systems give accurate and precise data on directions and distances. Advanced mapping and positioning technologies are utilized for important emergency applications like disaster management, rescue operations, and remote searching. The emergence of the smart navigation system is expected to grow the market through the forecast period.
Regional Insights:
North American held the largest market share accounting for 58% in 2022. The region growth is attributed to growing use of drones for covering many sports activities by the media houses. Military and Defence are also major sectors where the demand for drone sensors is rising. Precision Farming is an attribute where the drone's sensors are required. There is a rise in the adoption of precision farming in the countries of the North American region, which is fuelling the market of the Drone Sensors Market. The oil and gas industry is also a contributor to the growth of the Drone Sensor Market, as drones are required in the Oil and gas industry for the inspection of oil and gas pipelines.

The Asia Pacific region is expected to witness significant growth at a CAGR of 23% through the forecast period. Increasing Modernization and urbanization are leading to technological advancements in the Civilian, Commercial, military, aerospace, aerial photography, and Precision Agriculture sectors. The increase in the uses of Artificial Intelligence (AI), Data Analytics, and Cloud computing is increasing productivity. Hence the Asia Pacific region is expected to witness significant growth in the Drone Sensors Market.

The objective of the report is to present a comprehensive analysis of the global Drone Sensor Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Drone Sensor Market dynamic and structure by analyzing the market segments and projecting the Drone Sensor Market size. Clear representation of competitive analysis of key players by Design, price, financial position, product portfolio, growth strategies, and regional presence in the Drone Sensor Market make the report investor’s guide.
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Global Drone Sensor Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 2.90 Bn


Forecast Period 2023 to 2029 CAGR:
23.5%
Market Size in 2029:
US $ 12.71 Bn


 Segments Covered:
by Type
VTOL
Fixed Wing
Hybrid


by Sensors Type
Inertial
Image Sensors
Speed and distance sensors
Position sensors
Current Sensors
Others


by Application
Navigation
Collision Detection & Avoidance
Data Acquisition
Motion Detection
Air Pressure measurement
Others


by End-User
Energy & Utilities
Precision Agriculture
Media & Entertainment
Defense
Personal
Others



By Region
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
North America (United States, Canada and Mexico)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Drone Sensor Market Key Players:
1. Aerotenna
2. ams AG
3. Bosch Sensortec GmbH
4. FLIR Systems, Inc.
5. KVH Industries, Inc.
6. LeddarTech Inc.
7. LORD MicroStrain Sensing Systems
8. QuestUAV Ltd.
9. Raytheon Company
10. SBG Systems
11. Sensirion AG
12. Sony Semiconductor Solution Corporation
13. Sparton Navigation and Exploration
14. Swift Navigation
15. Systron Donner Inertial
16. Tdk Invensense
17. TE Connectivity Ltd.
18. Trimble, Inc.
19. UTC Aerospace Systems
20. Velodyne Lidar, Inc.

Frequently Asked Question

1) What segments are covered in the Drone Sensor Market report?
Ans: The segments covered in the Drone Sensor Market report are based on Type, Sensor Type End-User, and Application.

2) Which region is expected to hold the highest share in the Drone Sensor Market?
Ans: The North American region is expected to hold the highest share in the Drone Sensor Market.

3) What is the market size of the Drone Sensor Market by 2029?
Ans: The market size of the Drone Sensor Market by 2029 is US$ 12.71 Bn.

4) What is the forecast period for the Drone Sensor Market?
Ans: The Forecast period for the Drone Sensor Market is 2023-2029.

5) What was the market size of the Drone Sensor Market in 2022?
Ans: The market size of the Drone Sensor Market in 2022 was US$ 2.90 Bn