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Global Drone Sensor Market Size By Sensor Type (Inertial Sensors, Image Sensors, Speed and Distance Sensors), By End user (Energy & Utilities, Defense, Media & Entertainment), By Geographic Scope And Forecast


Published on: 2024-08-02 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

Global Drone Sensor Market Size By Sensor Type (Inertial Sensors, Image Sensors, Speed and Distance Sensors), By End user (Energy & Utilities, Defense, Media & Entertainment), By Geographic Scope And Forecast

Drone Sensor Market Size And Forecast

Drone Sensor Market size was valued at USD 4.74 Billion in 2024 and is projected to reach USD 29.14 Billion by 2031, growing at a CAGR of 28.11% from 2024 to 2031.

  • Drones are also referred to as unmanned aerial vehicles (UAVs) or unmanned Aircraft Systems (UAS). It is a flying robot that is integrated with software, onboard sensors, cameras, and a global positioning system to be controlled autonomously or remotely.
  • Unmanned aerial vehicles are primarily used in the military as weapons, intelligence gathering systems, and defense target training, among others. It is also being used in various other sectors such as precision agriculture, entertainment and media, transportation, security and surveillance, traffic and weather monitoring, and others.
  • The drone sensors are electronic devices that can detect and measure environmental parameters, and physical quantities, and transfer the data to the control system or onboard components of the drones. These sensors are designed to enable drones to collect data, attack, navigate, and also for delivery service.
  • The continued development and integration of advanced drone sensors are expanding the capabilities and applications of drones, making them increasingly valuable tools for a wide range of industries and applications.

Global Drone Sensors Market Dynamics

The key market dynamics that are include

Key Market Drivers

  • Penetration of Drone Technology on a Global Platform The Drone Sensor Market is gaining traction owing to its rising adoption across diverse industries including media and entertainment, precision agriculture, construction, military and defense, and others. The detection and measurement of environmental parameters, unauthorized existence, and also intelligence gathering are the capabilities primarily responsible for enabling the functionality and applications of drone sensors.
  • Technological Advancements and Upgradation in Sensor Technology The constant need for advancements in sensor technology is likely to improve the product line, and enhance the performance and accuracy of drones. Some of the advancements include the integration of artificial intelligence, the internet of Things, machine learning, designing tiny sensors, and also upgrading sensor fusion algorithms. All these capabilities enable faster and easier adoption of drone sensors, driving the growth of the market.
  • Increasing Demand for Data Collection and Analytics in Defense and Military Growing incidences of terrorism, unauthorized immigration, aerial attacks, and border security threats are bolstering the demand for drones in the defense and military sectors. It is circuitously spurring the need for drone sensors for gaining valuable insights, improving operational efficiency, and optimizing decision-making. The requirement of data collection and transmission of data for analysis and visualization is creating immense opportunities for the Drone Sensor Market.
  • Emerging Drone Applications The applications of drones are constantly evolving such as use in agriculture for analysis of soil, climate, crop yield, and pesticide control. Also, the growing demand for beauteous visualization and photography in the entertainment and media sector is projected to rise over the years. In the construction sector, there is a constant need to inspect the site to avoid illegal activities and monthly developments. All these new emerging applications are driving the demand for specialized drone sensors tailored to specific use cases.
  • Government Support and Initiatives All the capabilities of drone technology are encouraging governments across the world to provide support through policies, incentives, and funding programs. Such backings are accelerating the adoption of drone sensors, fueling the drone sensors market.

These growth drivers are projected to enable the market to experience continuous growth in the coming years. As drone technology continues to evolve and its applications expand, drone sensors will play a vital role in facilitating more intelligent, autonomous, and data-driven drone operations.

Key Challenges

  • High Installation Cost and Complexity of Sensor Integration An increase in the pricing of high-performance drone sensors for advanced and emerging applications such as defense and agriculture is projected to restrain the demand for drone sensors. In addition to this, the use of more than one sensor in a drone intensifies the complexity, spurring the need for specialized expertise and careful calibration to ensure optimal performance.
  • Sensor Performance and Data Analytics Limitations Drone sensors, particularly miniaturized sensors, are projected to face hindrances in terms of range, accuracy, and environmental tolerance. Also, the cumbersome task of processing, analyzing, and extracting large volumes of complex data demands the need for integration of machine learning and artificial intelligence. These limitations affect the reliability and precision of drone operations in harsh environments or for demanding applications, leading to a negative impact on the growth of the Drone Sensor Market.
  • Stringent Regulatory Compliance and Certification Requirements The growing need to comply with effective government regulations and certification requirements related to safety, performance, and data privacy will further .
  • Sensor Power Consumption and Battery Life increasing power consumption in the technologies including LiDAR and high-resolution cameras lowers the battery life of the drones. These power-hungry technologies are projected to challenge the adoption of drone sensors.
  • Data Security and Privacy Concerns As the transmission of sensitive data across the drone sensors is on the rise, the concerns regarding data security and privacy are likely to restrain the use of drone sensors.

Key Trends

  • Increasing Demand for High-resolution and Advanced Technology Integrated DronesRising demand for a collection of large volumes of data, secure transmission, and precise analysis is anticipated to boost the development of high-resolution and advanced drone technologies, especially artificial intelligence and machine learning integrated sensors. These advancements are projected to bolster the growth of the market.
  • Integration of Application-specific, Low-power, and Sensor Fusion Technology Growing demand for application-specific and low-power-consuming drones is anticipated to increase their use in various sectors including agriculture, construction, and others. Also, the constant need to combine data from different sensors enables the incorporation of sensor fusion technology to provide a more comprehensive understanding of the environment. These features have the potential to improve the performance of drones in a variety of applications.

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Global Drone Sensor Market Regional Analysis

Here is a more detailed regional analysis of the global Drone Sensor Market

North America

  • North America is expected to dominate the global drone sensors market during the forecast period. According to Market Research analyst, growing government funding and backing in the field of drone technology is anticipated to boost the drone sensors market in the region.
  • In February 2023, the U.S. Department of Defense awarded Teledyne FLIR Defense, part of Teledyne Technologies Incorporated, a $13.3 million contract to further expand the features of its R80D SkyRaider™ unmanned aerial system to autonomously perform biological, chemical, radiological and nuclear (CBRN) reconnaissance missions. Such developments are expected to enhance the applications of drone sensors during the forecast period.
  • Also, the advancements in technologies such as the use of drone in agriculture and oil and gas inspection in North America is projected to offer substantial .

Asia Pacific

  • The growing population in emerging nations including China, South Korea, and India leads to an increase in demand for crop yield. Thus, to meet the surging requirement of food supply there is an upsurge in the adoption of drones for precision agriculture, fueling the growth of the Drone Sensor Market.
  • Increasing incidences of terrorism, illegal immigration, and other unauthorized activities in Asia Pacific is enabling the defense and military as well as the government to support the application of drone technology. The need for security and surveillance is spurring the use of drones, which will further open new doors of growth prospects for the market.
  • High demand from the military defense and agriculture sectors is likely to enable the market in Asia Pacific to exhibit healthy growth in the coming years.

Global Drone Sensor Market Segmentation Analysis

The Global Drone Sensor Market is segmented based on Sensor Type, End User, And Geography.

Drone Sensor Market, 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

Based on Sensor Type, the global Drone Sensor Market is segmented into Inertial Sensors, Image Sensors, Speed And Distance Sensors, Position Sensors, Pressure Sensors, Current Sensors, Ultrasonic Sensors, Light Sensors, Altimeter Sensors, Flow Sensors, And Others. Among all the types, the image sensor segment is expected to dominate the market and will continue to grow during the forecasted period, because of its high popularity for aerial photography and videography in the commercial sector.

Drone Sensor Market, By End User

  • Energy & Utilities
  • Precision Agriculture
  • Media & Entertainment
  • Defense
  • Personal
  • Law Enforcement
  • Security & Surveillance
  • Others

Based on End user, the global Drone Sensor Market is segmented into Energy & Utilities, Precision Agriculture, Media & Entertainment, Defense, Security & Surveillance, Personal, Law Enforcement, And Others. Among all the segments, the defense segment is expected to dominate the market and will continue to grow during the forecasted period, because defense drones are being highly used for intelligence gathering and various surveillance activities. Also, against the challenges related to security and risks regarding any vulnerable areas.

Key Players

The “Global Drone Sensor Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as TE Connectivity, Raytheon Company, Trimble Inc., Parker Hannifin Corp, InvenSense, Sparton NavEx, Bosch Sensortec GmbH, FLIR Systems, Inc., Velodyne Lidar Inc., Sony Semiconductor Solutions Corporation, Slant Range, Sentera, Inc, PrecisionHawk, KVH Industries, Inc., Infineon Technologies AG, Aerotenna, Systron Donner Inertial.

Our market analysis also entails a section solely dedicated to such wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

  • In 2021, Skyports and Kenya Airways announced that they have signed a Memorandum of Understanding (MoU) in order to begin the operations of permanent Unmanned Aerial Vehicles (UAV) in Kenya. This collaboration aims to investigate the commercial effect and the viability of the various logistics, inspection and medical drone usage cases.
  • In 2021, The Ripper Group announced a merger that is being held with the Surf Life Saving Queensland (SLSQ) in order to improve the firms’ development and operational synergies. This merger is expected to incorporate the deployment, research, and training capabilities of the Ripper Group’s search and rescue drone into the Surf Life Saving Queensland’s surf lifesaving operations (SLSQ).
  • In 2021, Delta Drone announced to purchase Weesure Sécurité and Weesure Services in their entirety. Weesure Sécurité specializes in traditional private security and it also has large accounts including Veolia, Siemens, Dalkia, and others.
  • In 2020, Air Map, Modal AI, Sky dio, Graffiti Enterprises, and Obsidia Sensors were awarded with different contracts worth USD 13.4 million by the innovation arm of the Défense Department from the United States. The contracts were been given under the Defense Production Act.
  • In 2020, Aquiline Drones announced a five-year agreement with the Drone Volt, which is a France-based sensor manufacturing company, in order to avail the production of Hercules 2 and Altura Zenith, which are two highly popular drones by the Drone Volt. In addition to that, the contract will also help Aquiline to become the sole provider of the two drones across the United States.
  • In May 2022, the United States Army awarded Teledyne FLIR Defense a USD 14 million contract to deliver its Black Hornet 3 Personal Reconnaissance Systems (PRS). This latest nano uncrewed aerial vehicles (UAVs) will help enhance squad and small unit-level surveillance and reconnaissance capabilities as part of the Soldier Borne Sensor (SBS) program.
  • In July 2023, Sarcos Technology and Robotics Corporation is projected to receive artificial intelligence (AI) driven techniques for drone sensors from the Air Force Research Laboratory (AFRL). The AFRL has expanded a contract for achieving this goal in the coming years.

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2021-2031

BASE YEAR

2024

FORECAST PERIOD

2024-2031

HISTORICAL PERIOD

2021-2023

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

TE Connectivity, Raytheon Company, Trimble Inc., Parker Hannifin Corp, InvenSense, Sparton NavEx, Bosch Sensortec GmbH, FLIR Systems, Inc., Velodyne Lidar Inc., Sony Semiconductor Solutions Corporation, Slant Range, Sentera, Inc, PrecisionHawk, KVH Industries, Inc., Infineon Technologies AG, Aerotenna, Systron Donner Inertial..

SEGMENTS COVERED
  • By Sensor Type
  • By End-User
  • By Geography
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