Global Drone Sensors Market Size, Share, Trends, COVID-19 Impact & Growth Forecast Report – Segmented By Type (Inertial, Image, Speed & Distance, Position, Pressure, Ultrasonic, Altimeter, Current, Light and Others), Platform (VTOL, Fixed-Wing and Hybrid), Application (Navigation, Collision Detection & Avoidance, Data Acquisition, Motion Detection, Air Pressure Measurement, Power Monitoring and Others) and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Industry Analysis (2024 to 2029)

Updated On: June, 2024
ID: 9529
Pages: 175

Global Drone Sensors Market Size (2024 to 2029)

The size of the global drone sensors market was valued at USD 394.7 million in 2023. The global market is estimated be worth USD 2269 million by 2029 from USD 528 million in 2024, growing at a CAGR of 33.85% from 2024 to 2029.

A drone sensor is a system that can detect changes in physical or electrical variables, as well as other characteristics. Drone sensors recognize 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.

MARKET DRIVERS

The growth of the global drone sensors market is majorly driven by the rise in UAV purchases in various nations to update existing fleets and expand military and defense capabilities for counterinsurgencies, 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 fuelled 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 maximize 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.

MARKET RESTRAINTS

Drone sensors 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 sensor system is costly. These significant issues are expected to stifle the market's future growth across the board.

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2023 to 2029

Base Year

2023

Forecast Period

2024 to 2029

CAGR

33.85%

Segments Covered

By Type, Platform, Application and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

TE Connectivity (Switzerland), Sparton (US), Raytheon (US), KVH (US), LORD MicroStrain (US), FLIR (US), Systron Donner Inertial (US), Velodyne LIDAR (US), TDK (Japan) and AMS (Austria)

 

SEGMENTAL ANALYSIS

Global Drone Sensors Market Analysis By Type

The image segment is anticipated to register the fastest CAGR in the global market during the forecast period owing to the growing use of aerial photography in the commercial sector.

Global Drone Sensors Market Analysis By Platform

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, most 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.

Global Drone Sensors Market Analysis By Application

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.

REGIONAL ANALYSIS

In 2023, the North American market dominated the drone sensors market and the domination of North America is expected to continue throughout the forecast period. The rising deployment of drones in the military and defense sectors, as well as the commercial sector, has contributed to this region's dominance. For the past many years, industrialized 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 defense 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.

KEY PLAYERS IN THE DRONE SENSORS MARKET

TE Connectivity (Switzerland), Sparton (US), Raytheon (US), KVH (US), LORD MicroStrain (US), FLIR (US), Systron Donner Inertial (US), Velodyne LIDAR (US), TDK (Japan) and AMS (Austria) are some of the major companies in the global drone sensors market.

RECENT HAPPENINGS IN THE MARKET

  • 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.

DETAILED SEGMENTATION OF THE GLOBAL DRONE SENSORS MARKET INCLUDED IN THIS REPORT

This research report on the global drone sensors market has been segmented and sub-segmented based on the type, platform, application and region.

By Type

  • Inertial
  • Image
  • Speed & Distance
  • Position
  • Pressure
  • Ultrasonic
  • Altimeter
  • Current

By Platform

  • VTOL
  • Fixed-Wing
  • Hybrid

By Application

  • Navigation
  • Collision Detection & Avoidance
  • Data Acquisition
  • Motion Detection
  • Air Pressure Measurement
  • Power Monitoring

By Region

  • North America
  • Europe
  • Middle East
  • APAC
  • Latin America

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Frequently Asked Questions

What is the expected CAGR of the global drone sensors market for the next 5 years?

The global drone sensors market is expected to grow at a CAGR of 33.85% from 2024 to 2029. 

By application, which was the major segment in the global drone sensors market in 2023?

The navigation segment accounted for the major share of the global market in 2023. 

Who are the notable companies in the global drone sensors market?

Companies playing a key role in the global drone sensors market include TE Connectivity (Switzerland), Sparton (US), Raytheon (US), KVH (US), LORD MicroStrain (US), FLIR (US), Systron Donner Inertial (US), Velodyne LIDAR (US), TDK (Japan) and AMS (Austria).

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