Global Drone Sensor Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Drone Sensor Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A drone sensor can be defined as a system that is able to determine changes that occur in terms of physical or electrical variations as well as other quantities. The sensor is then able to acknowledge this variation in the drone and act accordingly in order to ensure the proper functioning of the drone. There are various applications by which these drone sensors can be utilized such as in air pressure measurement, collision detection and avoidance, navigation of the drone, data acquisition, motion detection, power monitoring, and more.

As the technology behind unmanned air vehicles (UAVs), or drones, continues to improve, the application of these highly versatile devices has expanded to almost every industry. For example, the use of drones has already proven successful in surveying and mapping large areas, inspecting a number of different industries including solar parks and energy plants, acquiring 360° spherical panoramic images for advertising, real estate and construction, monitoring plant and wildlife conservations, and much more. To further improve the sensitivity of drones in capturing specific aspects of some of the aforementioned applications, as well as improve the ability of drones to maneuver around difficult to reach locations, a variety of different sensors have been incorporated into these devices.

Market Overview:

The latest research study on the global Drone Sensor market finds that the global Drone Sensor market reached a value of USD 607.12 million in 2022. It’s expected that the market will achieve USD 1868.75 million by 2028, exhibiting a CAGR of 20.61% during the forecast period.

Hacking problem

Drones are hackable. Due to the hacking issue, the growth of the market is hampering. We live in an age of hackers. Whether it's yanking payment and credit card information from large retailers, pilfering personnel information from the U.S. government or snatching a treasure trove of juicy emails, salary information and unreleased films from Sony Pictures, the black hats are out there and they're trying to get in. Everything is a potential target, and that includes drones. Hackers have developed malware designed to infiltrate and overtake the small quadcopters that you might find hovering around your local park or eventually dropping off your Amazon packages. They've also come up with a way to bring down the high-powered unmanned aerial vehicles increasingly employed by military forces.

Stiff competition

With major manufacturers and suppliers in the drone sensor industry competing at globally, the intensity of competition within the drone sensor industry has increased. The vendors adopt strategies like price premiums to stay competitive in the market. Meanwhile, the local vendors in developing nations are providing tough competition to the global players based on product pricing. The fierce competition is not conducive to the sustainable development of the industry. At the same time, small companies or small retailers enter the business consequently as venturing into a drone sensor business does not require immense capital or investment. However, this leads to the proliferation of sub-standard or duplicate products which then hampers the competitive scenario in the market as established drone sensor manufacturers are compelled to lower the price of their products, which ultimately impacts their profit margins and sales volumes.

Region Overview:

From 2023-2028, North America is estimated to witness robust growth prospects.

Company Overview:

TE Connectivity is one of the major players operating in the Drone Sensor market, holding a share of 10.51% in 2023.

TE Connectivity

Solutions that power electric vehicles, aircraft, digital factories, and smart homes. Innovation that enables life-saving medical care, sustainable communities, efficient utility networks, and the global communications infrastructure. TE Connectivity has partnered with customers to produce highly engineered connectivity and sensing products that make a connected world possible.

TDK Invensense

InvenSense, a TDK Group Company, is a world leading provider of MEMS sensor platforms found in Mobile, Wearables, Smart Home, Industrial, and Automotive products. The company’s patented Fabrication Platform, MotionFusion® technology, audio solutions, and location software and services address the emerging need of many mass-market consumer applications via improved performance, accuracy, and intuitive motion-, gesture- sound-, and ultrasonic 3D- based interfaces.

Segmentation Overview:

By type, Image Sensors segment accounted for the largest share of market in 2022.

Application Overview:

By application, the Motion Detection segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Drone Sensor market covered in Chapter 3:

KVH Industries, Inc.
Analog Devices
LORD Sensing Systems
Sparton Corporation
Velodyne LiDAR
Sony Semiconductor Solutions Group
Bosch Sensortec
TE Connectivity
TDK Invensense
Infineon Technologies AG
Sentera, Inc.

In Chapter 4 and Chapter 14.2, on the basis of types, the Drone Sensor market from 2018 to 2029 is primarily split into:

Speed and Distance Sensors
Inertial Sensors
Light Sensors
Position Sensors
Image Sensors
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Drone Sensor market from 2018 to 2029 covers:

Data Acquisition
Power Monitoring
Navigation
Air Pressure Measurement
Motion Detection
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)