Global Drone Sensor Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
Global Drone Sensor Market Overview :
“The global Drone Sensor Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Drone also known as unmanned arial vehicle (UAV), is type of aircraft that can be controlled remotely or by using software. Sensors are installed in UAV that guide its fight plans and collections of data are called as drone sensors.
It includes altimeter, engine intake flow sensor, tilt sensor, magnetic sensor, inertial measurement unit, current sensor, etc.
Global Drone Sensor Market: Dynamics
Growing demand for drones for mapping, accurate positing, high resolution imaging is a major factor driving growth of the global drone sensor market. Increasing adoption of drones in agriculture sector for crop growth analysis is another factor fueling growth of the target market.
Drones are used in defence sector for intelligence gathering, surveillance, monitoring, search and rescue operations, and various other purposes, coupled with increasing military budget especially in developing countries are factors expected to support growth of the global market.
Furthermore, growing use of drones for package delivery and increasing investment in R&D activities for development of UAVs with advanced technology are factors expected to boost growth of the global drone sensor market in the near future.
However, drones comparatively have shot life span and are hackable. These factors may hamper growth of the global market. Nevertheless, growing adoption of drone for media can create high revenue opportunities for key players in the target market.
Global Drone Sensor Market: Segment Analysis
Among the platform type segments, the hybrid segment is expected to register high growth in terms of revenue in the near future. Increasing use of hybrid drones in military and agriculture sector as it can fly for longer time and has better payload capacity are factors fueling growth of the hybrid segment in the global market.
Currently, among the end user segments, the defense segment accounts for major share in terms of revenue and is expected to register lucrative growth over the forecast period. Use of drones for intelligence gathering and surveillance activities is a key factor supporting growth of defence segment.
Global Drone Sensor Market: Regional Analysis
Market in North America accounts for major share in terms of revenue and is expected to maintain its position over the forecast period. High defence budget and adoption of advanced technology in various sectors are factors driving growth of the target market in this region. In addition, growing use of drones for precision farming is another factor expected to support growth of the drone sensor market in North America. Market in Asia Pacific expected to register lucrative growth in terms of revenue over the forecast period, followed by Latin America and Middle East and Africa. Increasing military budget in emerging economies and growing use of drones in energy and utilities sector are factors expected to fuel growth of the target market in Asia Pacific in the coming years.
Global Drone Sensor Market Segmentation:
Segmentation by sensor type:
- Speed and Distance Sensors
- Inertial Sensors
- Light Sensors
- Position Sensors
- Image Sensors
- Altimeter Sensors
- Pressure Sensors
- Current Sensors
- Others (Flow Sensors, CBRN Sensors, and Ultrasonic Sensors)
Segmentation by platform type:
- Fixed Wing
- Vertical Take-Off and Landing (VTOL)
Segmentation by application:
- Data Acquisition
- Power Monitoring
- Air Pressure Measurement
- Motion Detection
- Collision Detection and Avoidance
Segmentation by end user:
- Law Enforcement
- Precision Agriculture
- Security and Surveillance
- Media and Entertainment
- Energy and Utilities
- Others (Education and Retail)
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- TE Connectivity Ltd.
- Raytheon Company
- Trimble Navigation Ltd.
- TDK Corporation
- Bosch Sensortec GmbH
- FLIR Systems Inc.
- KVH Industries, Inc.
- AMS AG
- Lord MicroStrain Sensing Systems
- Systron Donner Inertial
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