Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1.21 Billion | USD 7.68 Billion | 22.84% | 2023 |
The global drone sensor market size was worth around USD 1.21 billion in 2023 and is predicted to grow to around USD 7.68 billion by 2032 with a compound annual growth rate (CAGR) of roughly 22.84% between 2024 and 2032.
The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD billion). The report covers a forecast and an analysis of the drone sensor market on a global and regional level.
A drone is also known as unmanned aerial vehicle, which is a compact pilotless aircraft. It can be called an airborne machine which can be remotely and independently managed through software-controlled flights through their embedded systems working in coordination with onboard sensors and GPS. With the rising demand for drones in different sectors, the global drone sensor market is expected to witness a notable growth during forecast period.
There are different factors driving the development of sensor for drone gadgets. Key components fueling the development of the global drone sensor market incorporate the surging demand for high persistence imaging for planning & studying exact location for exact route, improved agricultural practices for farming precision, and increasing demand for drones from the strategic areas & business for the products delivery. However, the global drone sensor market contain hacking/altering of drones, which is one of the main factor restraining the advancement of the drone sensor market.
The changing needs for drones in different fields is encouraging the drone manufacturers to furnish the drones with new innovations that would assist them with adjusting the changes. Since a few years, LiDAR is turning into a high priority and more precise alternative for 3D planning and geospatial information type. As LiDAR utilizes near infrared light, ultraviolet rays, successful planning should be possible, which is helping the development of overall market growth. Furthermore, infrared warm sensors catch cloud points that are utilized in data based demonstrating by specialists and architects. The presence of millions of miles of underground gaseous petrol pipelines across numerous nations is introducing development avenues for the market, as drones outfitted with the thermal imaging sensors for leak detection in pipeline are acquiring prominence. Also, for the inspection of solar farms, organizations utilize drones with different sensors to make 3D images, upgrade the position of photovoltaic boards for boosting the effectiveness. Consequently, the demand in the global drone sensor market is expanding, essentially because of the development in the utilization of drones within different enterprises.
The global drone sensor market is bifurcated based on sensor type, platform type, application, end-user, and region.
On the basis of sensor type, the global drone sensor market is categorized as image sensor, inertial sensor, speed & distance sensor, pressure sensor, position sensor, position sensor, light sensor, and so on.
In terms of platform type, the market is divided into fixed-wing, VTOL, and hybrid.
Based on application, the drone sensors market is segregated as navigation, data acquisition, collision detection & avoidance, air pressure measurement, and motion detection.
Based on end-user, the market is segmented into construction, precision agriculture, media & entertainment, personal, defense, security & surveillance, transportation, law enforcement, and so on.
Report Attributes | Report Details |
---|---|
Report Name | Drone Sensor Market |
Market Size in 2023 | USD 1.21 Billion |
Market Forecast in 2032 | USD 7.68 Billion |
Growth Rate | CAGR of 22.84% |
Number of Pages | 202 |
Key Companies Covered | Bosch Sensortec, Trimble, TDK InvenSense, Raytheon, Sparton NavEx, ams AG, PrescisionHawk, Infineon Technologies AG, SlantRange, and Sentera, Inc.. Apart from this, some more prominent market players are MicaSense, Systron Donner Inertial, Delair, and DroneShield Limited |
Segments Covered | By sensor type, By platform type, By application, By end-user and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
In terms of geography, North America region is foreseen to lead the global drone sensor market with major share during the forecast period. Rising usage of drones in many commercial and non-commercial events such as weddings and professional events like sports by media houses has contributed to the growth significantly. Besides, military and defense sector is the biggest consumer of drones in North America. In addition, agriculture sector is another factor boosting the demand in global drone sensor market.
Asia Pacific is the second leading region supporting the growth of drone sensor market. With the changes in rules and regulations with respect to several countries are likely to work in favor of global drone sensors market. The oil and gas sector is another contributor in the regional growth of the market. China is a leading manufacturer of civilian drones since a few years, emerging as the major exporter across the globe. It is known for its best technology and procurement, along with Japan.
The key players leading the global drone sensor market are:
By Sensor Type
By Platform Type
By Application
By End-User
Global Drone Sensor Market: Regional Segment Analysis
What Reports Provides
FrequentlyAsked Questions
Key components fueling the development of the global drone sensor market incorporate the surging demand for high persistence imaging for planning & studying exact location for exact route, improved agricultural practices for farming precision, and increasing demand for drones from the strategic areas & business for the products delivery.
The key players leading the global drone sensor market are Bosch Sensortec, Trimble, TDK InvenSense, Raytheon, Sparton NavEx, ams AG, PrescisionHawk, Infineon Technologies AG, SlantRange, and Sentera, Inc.. Apart from this, some more prominent market players are MicaSense, Systron Donner Inertial, Delair, and DroneShield Limited. The companies are indulging in heavy investments, along with mergers & acquisitions in various part of the world to sustain their market position.
North America has been leading the Drone Sensor Market and is anticipated to continue on the dominant position in the years to come.
According to study, the Drone Sensor Market size was worth around USD 1.21 billion in 2023 and is predicted to grow to around USD 7.68 billion by 2032.
The CAGR value of Drone Sensor Market is expected to be around 22.84% during 2024-2032.
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