Drone Sensors Market

Drone Sensors Market Size, Share, Growth (2023-2028)

Drone Sensors Market is valued at $394.7 million in 2023 and is estimated to grow up to $1.696 billion by 2028, increasing at a CAGR of 33.85%.

Drone Sensors Market Overview

A drone Sensorsis a system that can detect changes in physical or electrical variables, as well as other characteristics. The Sensors may then recognise this variation in the drone and take appropriate action to ensure the drone's proper operation. These drone sensors can be used for a variety of purposes, including air pressure measurement, collision detection and avoidance, drone navigation, data collecting, motion detection, power monitoring, and more.

Recent Developments:

• AgileAssets, a provider of enterprise infrastructure asset management software to corporate enterprises and government, including national road authorities and state-level transportation agencies in the United States, has been acquired by Trimble.

• NextNav and Bosch Sensortec have established a cooperation to provide more precise vertical placement in barometric pressure sensors. Bosch Sensortec will use the relationship to evaluate measurement accuracy and give rigorous performance assurance to Original Equipment Manufacturers (OEMs) who use its sensors in mass-market goods such as smartphones, tablets, and wearables.

Drone Sensors Market Drivers and Restraints

The market is growing because of a rise in UAV purchases in various nations to update existing fleets and expand military and defence capabilities for counter-insurgencies, terrorism, and border crossing. For surveillance, a wide range of unmanned systems employ various sensors such as infrared and Lidar. To enable smooth precise flight, key sensors such as air pressure sensors to steady the body, accelerometer, gyro-meter, and barometric pressure sensors are commonly employed. During the forecast period, the drone Sensors market is projected to be driven by the increased integration of artificial intelligence in automation technologies.The demand for advanced sensors has been fueled by technological advancements in unmanned systems in recent years, owing to large expenditures from private players. Due to the superb camera sensors employed on unmanned systems, these advancements are altering traditional aerial photography and filming methods. With the help of analytics software, excellent data collection capabilities are improving the overall performance of autonomous systems. To maximise agricultural yield, precision farming necessitates soil monitoring, disease monitoring, growth tracking, and pesticide spraying, all of which can be accomplished with drone technology. The increasing use of a variety of technologies in smart farming is expected to drive market expansion in the future years.Drone Sensorssystems are sensitive to extreme weather conditions, which can render drones useless in particular situations. Because of the intricate circuit designs and reliance on other factors, the sensors system is costly. These significant issues are expected to stifle the market's future growth across the board.

Drone Sensors Market Segmentation:

• Inertial

• Image

• Speed & Distance

• Position

• Pressure

• Ultrasonic

• Altimeter

• Current

Accelerometers, gyroscopes, tilt sensors, and magnetometers are several types of inertial sensors. Thermal, infrared, and multispectral image sensors are the three types of image sensors. Radar, LiDAR, and proximity sensors are the three types of speed and distance sensors. GPS and GNSS are sub-segments of the location Sensors segment. Due to the growing use of aerial photography in the commercial sector, the image sensors segment is expected to grow at a faster rate by 2026.

Platform:

• VTOL

• Fixed-Wing

• Hybrid

The fixed-wing sector is predicted to have the biggest market share in the next years due to its widespread use in military and defence applications around the world. For critical applications like picture mapping, data collection, and intelligence, the majority of military missions have strict requirements. These applications require highly advanced sensors, systems, and components to acquire high-quality data. The market is likely to grow as high-quality drone components and systems become more widely used. The VTOL segment is predicted to develop at the fastest rate during the projection period. In the coming years, the increased usage of unmanned systems in commercial logistics services such as food delivery, parcel delivery, medicine distribution, and sample collecting will fuel segment expansion.

Application:

• Navigation

• Collision Detection & Avoidance

• Data Acquisition

• Motion Detection

• Air Pressure Measurement

• Power Monitoring

During the forecast period, the navigation sector is predicted to hold the greatest share of the market and lead. Unmanned systems have a wide range of capabilities for determining precise locations and directions for flight operations. The GPS sensors and navigation system give precise data, such as directions and distances. Advanced mapping and positioning systems are required for emergency applications such as disaster management, search and rescue operations, and remote sensing. In the coming years, the emergence of smart navigation systems is expected to accelerate segment expansion.

Drone Sensors Market Regional Analysis

• North America

• Europe

• Middle East

• APAC

• Latin America

In 2020, the North American market was worth USD 143.2 million. The rising deployment of drones in the military and defence sectors, as well as the commercial sector, has contributed to this region's dominance. For the past many years, industrialised economies such as the United States and Canada have had outstanding integration of technology through smart and innovative equipment for enhancing production output. Due to the rising demand for commercial drones in Germany, France, and Russia, the European market is predicted to rise at a robust CAGR, supporting regional growth.

During the projected period, the Asia Pacific market is expected to develop at a healthy rate due to rising military and defence spending in countries to improve capabilities and fleet size. Due to the limited procurement of unidentified systems by the military sectors of various countries, the rest of the globe had a smaller proportion of the market.

Drone Sensors Market Key Players

• TE Connectivity (Switzerland)

• Sparton (US)

• Raytheon (US)

• KVH (US)

• LORD MicroStrain (US)

• FLIR (US)

• Systron Donner Inertial (US)

• Velodyne LIDAR (US)

• TDK (Japan)

• AMS (Austria)