By 2033, the global drone sensor market is expected to generate US$ 4.1 billion in revenue, up from US$ 716.5 million in 2023. During the projection period, FMI predicted that the market will grow at a respectable CAGR of 18.9%.
Drones are gaining popularity as a tool for gathering detailed aerial data and imagery for a variety of uses. Since businesses have begun to see their usefulness, it is anticipated that demand for drones equipped with cutting-edge sensors to record data and photographs will rise.
Given the growing use of unmanned systems in commercial applications, the market is anticipated to grow. Drone technology is steadily expanding its market share across a number of countries by expanding the range of industries in which it is used.
Drone sensors are finding increasing use in a wide range of industries. Drones are used in agriculture to monitor crops, estimate yields, and analyze soil. Drones are also utilized in the construction sector to survey sites, track progress, and check for safety issues
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The fast pace of technological advancements in drone sensors is driving the market growth. Technology advancements are increasing the quality and accuracy of airborne data. This, in turn, increases the value of drones in a wide range of businesses.
Governments and private investors are making additional investments in drone technology as a result of the rising demand for drone sensors. The drone sensor industry is expanding as a result of the favorable legislation governing the usage of drones.
The goal of many businesses is to devise smart sensors that can perceive different variables in a single system. Next-generation sensors are frequently shaped using the fusion of cutting-edge technologies, including the Internet of Things, machine learning, and artificial intelligence.
KEY TAKEAWAYS
- The drone sensor industry in the United Kingdom is anticipated to rise profitably, exhibiting a CAGR of 18% through 2033.
- The United States drone sensor market is expected to upsurge at 17.6% CAGR during the forecast period.
- With a CAGR of 18.3% over the forecast period, Japan is predicted to develop notably in the drone sensor industry.
- The drone sensor industry in China is expected to proliferate significantly, registering a CAGR of 19.9% from 2023 to 2033.
- South Korea is estimated to expand considerably registering a CAGR of 19.4% until 2033.
- Based on sensor type, the image sensors segment is projected to dominate the market, registering a CAGR of 18.8%.
- Based on end user, the defense segment is likely to lead the market, exhibiting a CAGR of 18.7%.
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Competitive Landscape:
The drone sensor market players provide a wide range of distinctive and fascinating drone sensor options. The options include image sensors, position sensors, current sensors, inertial sensors, speed and distance sensors, and others. These firms are also using several strategies, including signing strategic alliances and securing government and defense contracts, to increase the scope of their products.
Key Players
- DJI
- FLIR Systems
- TE Connectivity
- Raytheon Company
- Trimble Inc.
- Parker Hannifin Corp
- TDK InvenSense
Recent Developments:
- Aquiline Drones, a UAV manufacturer located in Hartford, announced a licensing arrangement with Drone Volt, a French sensor manufacturer, in October 2020. The partnership intends to give the company access to production and distribution facilities across the United States.
- The ICM-42622 6-axis motion sensor, an improved sensor for 6-axis IMUs, was introduced by TDK Company in January 2019. It has several benefits, including the capacity to sample data quickly, improved gyroscope temperature stability, reduced gyroscope, and accelerometer noise, etc.
Drone Sensor Market Segmentation
By Sensor Type:
- Inertial Sensors
- Image Sensors
- Speed and Distance Sensors
- Position Sensors
- Pressure Sensors
- Current Sensors
- Ultrasonic Sensors
- Light Sensors
- Altimeter Sensors
- Flow Sensors
- Others
By End User:
- Energy & Utilities
- Precision Agriculture
- Media & Entertainment
- Defense
- Personal
- Law Enforcement
- Security & Surveillance
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- The Middle East and Africa(MEA)
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Author:
Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.
He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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