Drone Sensor Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Drone Sensors Market
The drone sensors market size was valued at USD 394.7 million in 2020, and the market is now projected to grow from USD 394.7 million in 2020 to USD 2342.1 million by 2028, exhibiting a CAGR of 25.08% during the forecast period of 2021-2028.
Pandemic has affected millions globally, disrupting supply chains and affecting the global economic system and alternate volume. Drone generation has become critical in preventing the virus in public places, including sanitization, clinical transportation, blood sample transport, and public monitoring. This has improved call for drones in the business and authorities sectors due to effective no-contact delivery, that's projected to fuel drone sensors market growth in the future.
The international adoption of unmanned systems in navy operations, inclusive of intelligence, surveillance, reconnaissance, and concentrated on, is predicted to pressure market growth inside the coming years. The Stockholm International Peace Research Institute (SIPRI) reports that worldwide navy protection spending handed USD 1.9 trillion in 2019, pushed by using the need for brand new intelligence gathering and placing competencies in unmanned systems. The growing procurement of UAVs in international locations to modernize fleets and enhance military capabilities is using market growth. The vast range of unmanned structures makes use of sensors like infrared and Lidar for surveillance, and air strain sensors for easy flight. The integration of article intelligence in automation technology is anticipated to drive the drone sensor marketplace.
Drone generation is gaining attention in various industrial sectors due to its abilities in pictures and surveillance. Companies are focusing on improving sensors' functionality for navigation, movement, and collision detection. They are growing smart sensors that can experience more than one parameter, which includes temperature, rainfall, humidity, and rainfall. The integration of superior technology just like the Internet of device studying and artificial intelligence is extensively used for creating new technology sensors. The increasing demand for self-sustaining drones in diverse commercial applications is projected to fuel marketplace increase inside the coming years.
Comprehensive Analysis of Drone Sensors Market
The marketplace for unmanned aerial vehicles (UAVs) comprises various sensors, such as inertial, photograph, speed, distance, function, stress, ultrasonic, altimeter, cutting-edge, light, and others. The inertial sensor phase consists of accelerometers, gyroscopes, tilt sensors, and magnetometers. The picture sensor segment includes thermal, infrared, multispectral, radar, LiDAR, and proximity. The position sensor segment is sub-segmented into GPS and GNSS. The market is segmented into VTOL, fixed-wing, and hybrid, with the fixed-wing segment holding the maximum share due to its extensive use in military and defense applications. The navigation segment is expected to hold the largest share and lead, with GPS sensors and navigation systems providing accurate information for flight operations. Smart navigation systems are projected to fuel segment growth in the future.
The North America region lead the drone sensors market share by benefitting a market size of USD 143.2 million in 2020 due to growing use of drones within the army, defense, and business sectors. The US and Canada have effectively incorporated era into their economies, enhancing manufacturing output. Farmers also depend on drone generation for productivity enhancement. The strong boom in those areas is attributed to their strong presence inside the advanced drone sensor marketplace.
The marketplace for drone sensor products is fragmented because of the robust product portfolio and distribution community of foremost companies in advanced and rising nations. Raytheon, Trimble, and KVH Industries currently lead the marketplace, but the variety of domestic players coming into the global market is expected to increase with the aid of 2028. Other key players, together with AMS AG, Flir Systems, Lord Microstrain, Bosch Sensortec, Sparton Navex, and TE Connectivity, have also entered the marketplace with superior drone sensor products. Major strategies followed by means of those players consist of modern sensor products and huge funding in smart sensor development.
In November 2020, the U.S. Department of Defense awarded General Atomics a $93.3 million contract to develop sensors for the MQ-9 Reaper, under the Joint Artificial Intelligence Center's Smart Sensor Project, demonstrating object recognition algorithms.
Segmentation Table
ATTRIBUTE
DETAILS
Study Period
2017-2028
Base Year
2020
Forecast Period
2021-2028
Historical Period
2017-2019
Unit
Value (USD Million)
Segmentation
By Sensor Type
Inertial Sensors
Image Sensors
Speed & Distance Sensors
Position Sensors
Pressure Sensors
Ultrasonic Sensors
Altimeter Sensors
Current Sensors
Light Sensors
Other Sensors
By Application
Navigation
Collision Detection and Avoidance
Data Acquisition
Motion Detection
Air Pressure Measurement
Power Monitoring
Other
By Platform
Fixed-wing
Hybrid
VTOL
By Geography
North America (U.S. and Canada)
Europe (U.K., Germany, France, Italy, Spain, and Rest of Europe)
Asia-Pacific (Japan, China, India, Southeast Asia, and Rest of Asia- Pacific)
Rest of World (Latin America, Middle East & Africa )Please Note: It will take 5-6 business days to complete the report upon order confirmation.
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Industry Developments –Mergers, Acquisitions and Partnerships
- 4.2. Latest technological Advancements
- 4.3. Porters Five Forces Analysis
- 4.4. Supply Chain Analysis
- 5. Quantitative Insights-Impact of COVID-19 Pandemic on Global Drone Sensors Market
- 5.1. Impact of COVID-19 Pandemic on the Global Drone Sensors Market
- 5.2. Steps Taken by the Industry/Companies/Government to Overcome the Impact
- 5.3. Key Development in the Industry in Response to COVID-19 Impact
- 6. Global Drone Sensors Market Analysis, Insights and Forecast, 2017-2028
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Sensor Type
- 6.2.1. Inertial Sensors
- 6.2.2. Image Sensors
- 6.2.3. Speed & Distance Sensors
- 6.2.4. Position Sensors
- 6.2.5. Pressure Sensors
- 6.2.6. Ultrasonic Sensors
- 6.2.7. Altimeter Sensors
- 6.2.8. Current Sensors
- 6.2.9. Light Sensors
- 6.2.10. Other Sensors
- 6.3. Market Analysis, Insights and Forecast –By Application
- 6.3.1. Navigation
- 6.3.2. Collision Detection and Avoidance
- 6.3.3. Data Acquisition
- 6.3.4. Motion Detection
- 6.3.5. Air Pressure Measurement
- 6.3.6. Power Monitoring
- 6.3.7. Other
- 6.4. Market Analysis, Insights and Forecast – By Platform
- 6.4.1. Fixed-wing
- 6.4.2. Hybrid
- 6.4.3. VTOL
- 6.5. Market Analysis, Insights and Forecast – By Region
- 6.5.1. North America
- 6.5.2. Europe
- 6.5.3. Asia pacific
- 6.5.4. Rest of World
- 7. North America Drone Sensors Market Analysis, Insights and Forecast, 2017-2028
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Sensor Type
- 7.2.1. Inertial Sensors
- 7.2.2. Image Sensors
- 7.2.3. Speed & Distance Sensors
- 7.2.4. Position Sensors
- 7.2.5. Pressure Sensors
- 7.2.6. Ultrasonic Sensors
- 7.2.7. Altimeter Sensors
- 7.2.8. Current Sensors
- 7.2.9. Light Sensors
- 7.2.10. Other Sensors
- 7.3. Market Analysis, Insights and Forecast –By Application
- 7.3.1. Navigation
- 7.3.2. Collision Detection and Avoidance
- 7.3.3. Data Acquisition
- 7.3.4. Motion Detection
- 7.3.5. Air Pressure Measurement
- 7.3.6. Power Monitoring
- 7.3.7. Other
- 7.4. Market Analysis, Insights and Forecast – By Platform
- 7.4.1. Fixed-wing
- 7.4.2. Hybrid
- 7.4.3. VTOL
- 7.5. Market Analysis – By Country
- 7.5.1. The U.S.
- 7.5.2. Canada
- 8. Europe Drone Sensors Market Analysis, Insights and Forecast, 2017-2028
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Sensor Type
- 8.2.1. Inertial Sensors
- 8.2.2. Image Sensors
- 8.2.3. Speed & Distance Sensors
- 8.2.4. Position Sensors
- 8.2.5. Pressure Sensors
- 8.2.6. Ultrasonic Sensors
- 8.2.7. Altimeter Sensors
- 8.2.8. Current Sensors
- 8.2.9. Light Sensors
- 8.2.10. Other Sensors
- 8.3. Market Analysis, Insights and Forecast –By Application
- 8.3.1. Navigation
- 8.3.2. Collision Detection and Avoidance
- 8.3.3. Data Acquisition
- 8.3.4. Motion Detection
- 8.3.5. Air Pressure Measurement
- 8.3.6. Power Monitoring
- 8.3.7. Other
- 8.4. Market Analysis, Insights and Forecast – By Platform
- 8.4.1. Fixed-wing
- 8.4.2. Hybrid
- 8.4.3. VTOL
- 8.5. Market Analysis – By Country
- 8.5.1. Germany
- 8.5.2. France
- 8.5.3. Russia
- 8.5.4. The U.K.
- 8.5.5. Italy
- 8.5.6. Spain
- 8.5.7. Rest of Europe
- 9. Asia pacific Drone Sensors Market Analysis, Insights and Forecast, 2017-2028
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Sensor Type
- 9.2.1. Inertial Sensors
- 9.2.2. Image Sensors
- 9.2.3. Speed & Distance Sensors
- 9.2.4. Position Sensors
- 9.2.5. Pressure Sensors
- 9.2.6. Ultrasonic Sensors
- 9.2.7. Altimeter Sensors
- 9.2.8. Current Sensors
- 9.2.9. Light Sensors
- 9.2.10. Other Sensors
- 9.3. Market Analysis, Insights and Forecast –By Application
- 9.3.1. Navigation
- 9.3.2. Collision Detection and Avoidance
- 9.3.3. Data Acquisition
- 9.3.4. Motion Detection
- 9.3.5. Air Pressure Measurement
- 9.3.6. Power Monitoring
- 9.3.7. Other
- 9.4. Market Analysis, Insights and Forecast – By Platform
- 9.4.1. Fixed-wing
- 9.4.2. Hybrid
- 9.4.3. VTOL
- 9.5. Market Analysis – By Country
- 9.5.1. China
- 9.5.2. India
- 9.5.3. Japan
- 9.5.4. South East Asia
- 9.5.5. Rest of Asia-Pacific
- 10. Rest of World Drone Sensors Market Analysis, Insights and Forecast, 2017-2028
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights and Forecast – By Sensor Type
- 10.2.1. Inertial Sensors
- 10.2.2. Image Sensors
- 10.2.3. Speed & Distance Sensors
- 10.2.4. Position Sensors
- 10.2.5. Pressure Sensors
- 10.2.6. Ultrasonic Sensors
- 10.2.7. Altimeter Sensors
- 10.2.8. Current Sensors
- 10.2.9. Light Sensors
- 10.2.10. Other Sensors
- 10.3. Market Analysis, Insights and Forecast –By Application
- 10.3.1. Navigation
- 10.3.2. Collision Detection and Avoidance
- 10.3.3. Data Acquisition
- 10.3.4. Motion Detection
- 10.3.5. Air Pressure Measurement
- 10.3.6. Power Monitoring
- 10.3.7. Other
- 10.4. Market Analysis, Insights and Forecast – By Platform
- 10.4.1. Fixed-wing
- 10.4.2. Hybrid
- 10.4.3. VTOL
- 10.5. Market Analysis – By Sub-region
- 10.5.1. Middle East & Africa
- 10.5.2. Latin America
- 11. Competitive Analysis
- 11.1. Key Industry Developments
- 11.2. Global Market Share Analysis (2020)
- 11.3. Competition Dashboard
- 11.4. Comparative Analysis – Major Players
- 11.5. Company Profiles (Overview, Products & services, SWOT analysis, Recent developments, strategies, financials (based on availability))
- 11.5.1. Trimble (US)
- 11.5.1.1. Overview,
- 11.5.1.2. Products & services,
- 11.5.1.3. SWOT analysis,
- 11.5.1.4. Recent developments,
- 11.5.1.5. strategies,
- 11.5.1.6. financials (based on availability)
- 11.5.2. Bosch Sensortec (Germany)
- 11.5.2.1. Overview,
- 11.5.2.2. Products & services,
- 11.5.2.3. SWOT analysis,
- 11.5.2.4. Recent developments,
- 11.5.2.5. strategies,
- 11.5.2.6. financials (based on availability)
- 11.5.3. TDK InvenSense (U.S.)
- 11.5.3.1. Overview,
- 11.5.3.2. Products & services,
- 11.5.3.3. SWOT analysis,
- 11.5.3.4. Recent developments,
- 11.5.3.5. strategies,
- 11.5.3.6. financials (based on availability)
- 11.5.4. Sparton NavEx (US)
- 11.5.4.1. Overview,
- 11.5.4.2. Products & services,
- 11.5.4.3. SWOT analysis,
- 11.5.4.4. Recent developments,
- 11.5.4.5. strategies,
- 11.5.4.6. financials (based on availability)
- 11.5.5. Raytheon (US)
- 11.5.5.1. Overview,
- 11.5.5.2. Products & services,
- 11.5.5.3. SWOT analysis,
- 11.5.5.4. Recent developments,
- 11.5.5.5. strategies,
- 11.5.5.6. financials (based on availability)
- 11.5.6. AMS AG (Austria)
- 11.5.6.1. Overview,
- 11.5.6.2. Products & services,
- 11.5.6.3. SWOT analysis,
- 11.5.6.4. Recent developments,
- 11.5.6.5. strategies,
- 11.5.6.6. financials (based on availability)
- 11.5.7. Flir System (U.S.)
- 11.5.7.1. Overview,
- 11.5.7.2. Products & services,
- 11.5.7.3. SWOT analysis,
- 11.5.7.4. Recent developments,
- 11.5.7.5. strategies,
- 11.5.7.6. financials (based on availability)
- 11.5.8. KVH Industries (U.S.)
- 11.5.8.1. Overview,
- 11.5.8.2. Products & services,
- 11.5.8.3. SWOT analysis,
- 11.5.8.4. Recent developments,
- 11.5.8.5. strategies,
- 11.5.8.6. financials (based on availability)
- 11.5.9. TE connectivity (Switzerland)
- 11.5.9.1. Overview,
- 11.5.9.2. Products & services,
- 11.5.9.3. SWOT analysis,
- 11.5.9.4. Recent developments,
- 11.5.9.5. strategies,
- 11.5.9.6. financials (based on availability)
- 11.5.10. Lord Microstarin (U.S.)
- 11.5.10.1. Overview,
- 11.5.10.2. Products & services,
- 11.5.10.3. SWOT analysis,
- 11.5.10.4. Recent developments,
- 11.5.10.5. strategies,
- 11.5.10.6. financials (based on availability)
- 11.5.11. Others
- 11.5.11.1. Overview,
- 11.5.11.2. Products & services,
- 11.5.11.3. SWOT analysis,
- 11.5.11.4. Recent developments,
- 11.5.11.5. strategies,
- 11.5.11.6. financials (based on availability)
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