USD 2.35 billion
Drone Sensor Market Size, Share, Growth Analysis, By Sensor Type(Inertial Sensors, Image Sensors, Speed & Distance Sensors, Position Sensors), By Platform(Vertical Take-Off and Landing (VTOL), Fixed Wing, and Hybrid), By Application(Navigation, Collision Detection & Avoidance, Data Acquisition, Motion Detection), By End Use Industry(Media & Entertainment, Energy & Utilities, Precision Agriculture, Consumer), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45A2212 |
Region:
Global |
Published Date: October, 2024
Pages:
197
|Tables:
99
|Figures:
76
Drone Sensor Market Insights
Global Drone Sensor Market size was valued at USD 1.11 billion in 2022 and is poised to grow from USD 1.25 billion in 2023 to USD 3.11 billion by 2031, growing at a CAGR of 12.1% in the forecast period (2024-2031).
The growing applications of drones across numerous commercial sectors, spanning remote sensing, photography, videography, as well as applications in industries such as oil, gas, mineral exploration, and disaster relief, are fueling the expansion of the drone sensor market.
The continual advancements in drone technologies have empowered manufacturers to develop a diverse array of models varying in size, weight, and configuration. These advancements have enabled drones to carry various sensor payloads, enhancing their versatility and making them increasingly popular across a wide spectrum of applications. The adaptability and capability of drones to accommodate different sensor technologies have significantly broadened their utility, driving their adoption across an extensive range of industries and purposes.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Navigation
Fastest Growth
Inertial Sensors
Growth Rate
23.5% CAGR
Global Drone Sensor Market ($ Bn)
Country Share for North America Region (%)
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Drone Sensor Market Segmental Analysis
Global Drone Sensor Market is segmented on the sensor type, platform, application, end use industry, and region. By sensor type, market is segmented into inertial sensors, image sensors, speed & distance sensors, position sensors, pressure sensors, current sensors, ultrasonic sensors, light sensors, altimeter sensors, flow sensors, and other sensor types. By platform, market is segmented into vertical take-off and landing (Vtol), fixed wing, and hybrid. By application, market is segmented into Navigation, Collision Detection & Avoidance, Data Acquisition, Motion Detection, Air Pressure Measurement, Power Monitoring, and Other Applications. By end use industry, market is segmented into Media & Entertainment, Energy & Utilities, Precision Agriculture, Consumer, Defense, Law Enforcement, Security & Surveillance, and Others End-User Industries. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Type
The inertial sensor category encompasses accelerometers, gyroscopes, tilt sensors, and magnetometers, while image sensors are classified into thermal, infrared, and multispectral variants. Distance and speed sensors include radar, proximity sensors, and LiDAR sensors. Location sensing relies on GNSS and GPS sensors. Among these, inertial sensors witness significant demand, particularly in the commercial sector, owing to their versatile applications. Concurrently, the expansion of aerial photography, predominantly in the non-commercial sphere, contributes to heightened sensor demand.
The image sensors segment plays a pivotal role within the drone sensor market, encompassing thermal, infrared, and multispectral sensors. These sensors serve as critical components, facilitating the capture and analysis of visual data essential for various drone applications. Thermal sensors enable the detection of heat signatures, providing valuable insights in fields such as search and rescue, infrastructure inspection, and environmental monitoring. Infrared sensors offer detailed imaging capabilities beyond human vision, aiding in tasks such as surveillance, agriculture analysis, and temperature measurement.
Analysis by Application
The collision detection segment plays a pivotal role in shaping the drone sensor market. This segment focuses on implementing advanced technologies aimed at preventing collisions and ensuring the safe maneuvering of drones within various environments. These systems utilize a range of sensors and technologies, including LiDAR, cameras, radar, and ultrasonic sensors, to detect obstacles and potential collisions in real time. By swiftly identifying obstacles in the drone's path, these collision detection and avoidance systems enable the drone to adjust its flight path or halt to prevent accidents, safeguarding both the drone and its surroundings.
The navigation segment stands out as a frontrunner, holding the largest market share within the industry. Unmanned systems boast an extensive array of capabilities crucial for accurately determining locations and guiding flight operations. Leveraging GPS (Global Positioning System) and GNSS (Global Navigation Satellite System) sensors, these systems offer highly precise and accurate data regarding directions and distances. The integration of advanced mapping and positioning technologies plays a pivotal role, particularly in critical emergency applications such as disaster management, rescue missions, and remote search operations. The emergence and anticipated growth of smart navigation systems further drive market expansion throughout the forecast period, underlining the significance of evolving navigation technologies in augmenting the capabilities and applications of unmanned systems within diverse operational landscapes.
Global Drone Sensor Market By Application
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Drone Sensor Market Regional Insights
North America is anticipated to assert its dominance within the drone sensor market. This leadership position is underpinned by several key factors, including the escalating adoption of drones across diverse applications, the strong presence of major Original Equipment Manufacturers (OEMs) in the region, and a significant uptick in investments directed towards advancing next-generation drone technologies. For instance, in February 2023, Teledyne FLIR Defense secured a substantial USD 13 million contract with the US Department of Defense.
The Asia Pacific is poised for substantial growth, projected to experience a notable CAGR of 23% throughout the forecast period in 2022. The region's burgeoning modernization and urbanization have propelled significant technological advancements across multiple sectors, including civilian, commercial, military, aerospace, aerial photography, and precision agriculture. The escalating adoption of cutting-edge technologies like Artificial Intelligence (AI), Data Analytics, and Cloud Computing has contributed to heightened productivity levels.
Global Drone Sensor Market By Region
- Largest
- Fastest
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Drone Sensor Market Dynamics
Drivers
High Adoption of Unmanned System Military Operations
- The surge in UAV procurement across multiple countries is a driving force behind market growth, aiming to modernize existing fleets and bolster military and defense capabilities in countering insurgencies, terrorism, and border security threats. Unmanned systems utilize a diverse array of sensors, including infrared and LiDAR, primarily for surveillance purposes. Vital sensors such as air pressure sensors for stabilization, accelerometers, gyroscopes, and barometric pressure sensors are extensively employed to ensure precise and smooth flight operations. The escalating integration of artificial intelligence within automation technologies stands poised as a significant driver propelling the drone sensor market forward throughout the forecast period. This advancement is expected to elevate the capabilities and functionalities of drone sensors, further enhancing their applications across various industries and sectors.
Restraints
Limited Performance and High Cost
- The increasing utilization of unmanned systems across civilian, commercial, military, defense, and aerospace sectors is primarily driven by their multifaceted capabilities. Drones have proven instrumental in data collection, mapping, surveillance, and even in executing striking operations, contributing significantly to the market's growth. In commercial sectors, aerial photography drones have gained prominence for capturing stunning aerial shots in photography and cinematography, revolutionizing visual content creation. In agriculture, the adoption of precision agriculture practices has been facilitated by the use of drones, enabling efficient monitoring and management of crops. Moreover, the efficiency of small-sized drones has extended their utility across various sectors, including services, logistics, and agriculture, showcasing their versatility and adaptability in diverse operational landscapes.
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Drone Sensor Market Competitive Landscape
The competitive environment of the global Drone Sensor market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Leading brands invest in research and development to introduce new flavors, packaging formats, and health-focused variations to cater to changing consumer preferences. They often set the trends in the industry.
Top Player’s Company Profiles
- TE Connectivity (US)
- Drone Nerds Enterprise (US)
- RTX (US)
- Trimble Inc. (US)
- InvenSense (US)
- Bosch Sensortec GmbH (Germany)
- Sparton (US)
- AMS-OSRAM AG (Austria)
- Teledyne FLIR LLC (US)
- HBK, Inc. (US)
- LeddarTech Holdings Inc. (Canada)
- Yost Labs (US)
- SBS Systems (US)
- Velodyne Lidar, Inc. (US)
- Sony Semiconductor Manufacturing Corporation (Japan)
- QuestUAV (UK)
- Sensirion AG (Switzerland)
- Aerotenna (US)
- Swift Navigation Inc. (US)
- Unmanned Experts Inc. (UMEX) (US)
- Dynetics, Inc. (US)
- Kespry (US)
- Griffon Aerospace (US)
- Microdrones (Germany)
- Autel Robotics (China)
Recent Developments
- In July 2023, the Air Force Research Laboratory (AFRL) expanded its contract, engaging Sarcos Technology and Robotics Corporation in developing AI-driven techniques specifically tailored for drone sensors. This collaboration signifies a strategic push towards advancing sensor technologies through the integration of artificial intelligence, amplifying the capabilities and efficiency of drone sensors within military applications.
- Teledyne FLIR Defense secured a USD 14 million contract In May 2022 to supply the United States Army with its Black Hornet 3 Personal Reconnaissance Systems (PRS). These cutting-edge nano uncrewed aerial vehicles (UAVs) are deployed to bolster the Army's Soldier Borne Sensor (SBS) program, augmenting surveillance and reconnaissance capabilities at the squad and small unit levels. Such developments highlight the concerted efforts within the defense sector to leverage advanced UAV technologies, enhancing military reconnaissance capabilities through sophisticated drone sensor systems.
Drone Sensor Key Market Trends
- Drone technology has emerged as a focal point across diverse industrial sectors, including civilian, commercial, military, aerospace, aerial photography, and precision agriculture, garnering significant attention. Numerous companies are directing their efforts towards enhancing sensor capabilities to achieve heightened functionality, crucial for successful drone operations. Sensors play a pivotal role in motion detection, navigation, and collision avoidance, essential elements for ensuring seamless drone operations. In military applications, drones are deployed for surveillance, logistics, communication, attack missions, and combat operations, showcasing their multifaceted utility in warfare scenarios.
Drone Sensor Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Global Drone Sensor marketplace analysis exhibits a dynamic marketplace with some of standout developments and problems. The drone industry has witnessed significant investments directed towards innovation and the development of advanced sensor technologies, alongside substantial enhancements in infrastructure to facilitate IoT (Internet of Things) integration and automation. These investments represent primary trends exerting a considerable impact on the global market. However, amidst these advancements, stringent regulations imposed by governments pose a notable challenge. These regulations, intended to govern and ensure the safe operation of drones, also pose obstacles to market growth. Additionally, concerns regarding the potential tampering or misuse of drones contribute to regulatory frameworks that, while essential for safety and security, can also impede the market's expansion.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 1.11 billion |
| Market size value in 2031 | USD 3.11 billion |
| Growth Rate | 12.1% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Drone Sensor Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Drone Sensor Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Drone Sensor Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Drone Sensor Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Drone Sensor Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Drone Sensor Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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