Market Overview
The Global Drone Sensors Market is foreseen to develop in a considerable manner over the calculated period. It is estimated that the target market is going to reach around USD 1,696.08 Million by 2026 from USD 526.07 Million in 2019, expanding at a CAGR of 22.9% over the period from 2020 to 2026.
Drone sensors are derived as the systems that have the ability to monitor the occurrence of changes in terms of physical, electrical variations, or also the other quantities. The numerous applications of these drone sensors include the navigation of a drone, air pressure measurement, power monitoring, collision detection & avoidance, data acquisition, motion detection, and more.
The growth of the target market over the evaluated period includes the rising demand for drones in civil and commercial applications. Drones are also utilized for capturing real-time data by offering in an accurate way. And they are also specialized in businesses like traffic management, agriculture, and homeland security.
Recent Developments
Drivers and Restraints of Drone Sensors Market
Rising demand for drones that are employed to complete tasks like mapping, accurate positing, & high-resolution imaging and the growing adoption of drones in the agriculture sector to analyze the crop growth are the major drivers for the development of the Global Drone Sensors Market. And the other factors that are fuelling the growth of the target market over the forecast period include the rising adoption of these drones for package delivery and growing investment in R&D activities for the advancements in UAVs with advanced technology.
However, major restraint that was hampering the growth of the Global Drone Sensors Market include the low lifespan of drones, comparatively, and being hackable.
Nevertheless, the rising adoption of drones by the media for various applications in their jobs is creating growth opportunities for key players in the target market.
Market Segmentation of Drone Sensors Market
Based on the type of sensor, the global Drone Sensors 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, CBRN Sensors, and Other Sensors. Of these, the internal sensors segment is sub-segmented into Accelerometers, Gyroscope, Magnetometers, and Tilt. The image sensor segment is sub-segmented into Infrared, Thermal, Multispectral, and 3D. The speed & distance sensors segment is sub-segmented into Radar, LiDAR, and Proximity. The Position Sensors segment is sub-segmented into GPS and GNSS. And the Pressure Sensors segment is sub-segmented into Barometric and Differential.
And based on the type of platform, the global Drone Sensors market is segmented into VTOL, Fixed Wing, and Hybrid.
In the End-user outlook, the global Drone Sensors market is segmented as Energy & Utilities, Precision Agriculture, Media & Entertainment, Defense, Personal, Law Enforcement, Security & Surveillance, and Others like Retail, Education.
On the Application segmentation, the global Drone Sensors market is segmented as Navigation, Collision Detection & Avoidance, Data Acquisition, Motion Detection, Air Pressure Measurement, Power Monitoring, and Other Applications.
Drone Sensors Market Region wise analysis
In the regional analysis of the Global Drone Sensors Market, North America held the major share of the market in the revenue aspect. The major factor that was driving the growth of the target market in this region is the growing usage of drones by leading media houses for covering various sporting events. And the growing military & defense sector in this region is another factor that was fuelling the growth of the Drone Sensor Market in North America, owing to their role in these sectors. Moreover, factors such as the growing adoption of drones in the precision agricultural practices are pushing the target market towards growth in this region. Furthermore, owing to the usage of the drones in the oil & gas industry is expected to contribute to the growth of the North America Drone Sensors Market.
The drone sensors market of the Asia-Pacific is estimated to witness the fastest growth when compared to other regional markets during the outlook period. And after the Asia-Pacific, it is followed by Latin America, Middle-East, and Africa. The major factors that are driving the growth of the Asia-Pacific regional drone sensors market include growing military budget in countries like China & India and the rising use of drones in the energy & utility industry.
Key Players of Drone Sensors Market
The key players of the Global Drone Sensors Market include Aerotenna, Ams AG, Bosch Sensortec GmbH, FLIR Systems, Inc., KVH Industries, Inc., LeddarTech Inc., LORD MicroStrain Sensing Systems, QuestUAV Ltd., Raytheon Company, SBG Systems, Sensirion AG, Sony Semiconductor Solution Corporation, Sparton Navigation & Exploration, Swift Navigation, Systron Donner Inertial, Tdk Invensense, TE Connectivity Ltd., Trimble, Inc., UTC Aerospace Systems, Velodyne Lidar, Inc., and Yost Labs.
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Drone Sensors Market, By Sensor Type
6.1.1 Inertial Sensors
6.1.2 Image Sensors
6.1.3 Speed & Distance Sensors
6.1.4 Position Sensors
6.1.5 Pressure Sensors
6.1.6 Current Sensors
6.1.7 Ultrasonic Sensors
6.1.8 Light Sensors
6.1.9 Altimeter Sensors
6.1.10 Flow Sensors
6.1.11 Market Size Estimations & Forecasts (2019-2024)
6.1.12 Y-o-Y Growth Rate Analysis
6.1.13 Market Attractiveness Index
6.2 Drone Sensors Market, By Application
6.2.1 Navigation
6.2.2 Collision Detection & Avoidance
6.2.3 Data Acquisition
6.2.4 Motion Detection
6.2.5 Air Pressure Measurement
6.2.6 Power Monitoring
6.2.7 Market Size Estimations & Forecasts (2019-2024)
6.2.8 Y-o-Y Growth Rate Analysis
6.2.9 Market Attractiveness Index
6.3 Drone Sensors Market, By Platform Type
6.3.1 VTOL
6.3.2 Fixed Wing
6.3.3 Hybrid
6.3.4 Market Size Estimations & Forecasts (2019-2024)
6.3.5 Y-o-Y Growth Rate Analysis
6.3.6 Market Attractiveness Index
6.4 Drone Sensors Market, By End-User Industry
6.4.1 Energy & Utilities
6.4.2 Precision Agriculture
6.4.3 Media & Entertainment
6.4.4 Defense
6.4.5 Personal
6.4.6 Law Enforcement
6.4.7 Security & Surveillance
6.4.8 Retail
6.4.9 Education
6.4.10 Market Size Estimations & Forecasts (2019-2024)
6.4.11 Y-o-Y Growth Rate Analysis
6.4.12 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Sensor Type
7.2.3 By Application
7.2.4 By Platform Type
7.2.5 By End-User Industry
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Sensor Type
7.3.3 By Application
7.3.4 By Platform Type
7.3.5 By End-User Industry
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Sensor Type
7.4.3 By Application
7.4.4 By Platform Type
7.4.5 By End-User Industry
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Sensor Type
7.5.3 By Application
7.5.4 By Platform Type
7.5.5 By End-User Industry
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Sensor Type
7.6.3 By Application
7.6.4 By Platform Type
7.6.5 By End-User Industry
8. Key Player Analysis
8.1 Aerotenna
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Bosch Sensortec GmbH
8.3 FLIR Systems, Inc
8.4 KVH Industries, Inc
8.5 LeddarTech Inc
8.6 LORD MicroStrain Sensing Systems
8.7 QuestUAV Ltd
8.8 Raytheon Company
8.9 Sensirion AG
8.10 TE Connectivity Ltd
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures
