Global Drone Sensor Market

Global Drone Sensor Market Size, Share, Growth Analysis, By Indication(VTOL, Fixed-wing), By Application(Navigation, Data acquisition), By Sensor(Inertial sensors, Image sensors) - Industry Forecast 2024-2031

Report ID: SQMIG45A2212 | Region: Global | Published Date: February, 2024
Pages: 197 | Tables: 99 | Figures: 76

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FAQs

Global Drone Sensor Market size was valued at USD 2.35 billion in 2021 and is poised to grow from USD 2.90 billion in 2022 to USD 15.69 billion by 2030, growing at a CAGR of 23.5% in the forecast period (2023-2030).

The competitive environment of the global Drone Sensor market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Leading brands invest in research and development to introduce new flavors, packaging formats, and health-focused variations to cater to changing consumer preferences. They often set the trends in the industry. '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 and Exploration', 'Swift Navigation', 'Systron Donner Inertial', 'Tdk Invensense', 'TE Connectivity Ltd.', 'Trimble, Inc.', 'UTC Aerospace Systems', 'Velodyne Lidar, Inc.'

The surge in UAV procurement across multiple countries is a driving force behind market growth, aiming to modernize existing fleets and bolster military and defense capabilities in countering insurgencies, terrorism, and border security threats. Unmanned systems utilize a diverse array of sensors, including infrared and LiDAR, primarily for surveillance purposes. Vital sensors such as air pressure sensors for stabilization, accelerometers, gyroscopes, and barometric pressure sensors are extensively employed to ensure precise and smooth flight operations. The escalating integration of artificial intelligence within automation technologies stands poised as a significant driver propelling the drone sensor market forward throughout the forecast period. This advancement is expected to elevate the capabilities and functionalities of drone sensors, further enhancing their applications across various industries and sectors.

Drone technology has emerged as a focal point across diverse industrial sectors, including civilian, commercial, military, aerospace, aerial photography, and precision agriculture, garnering significant attention. Numerous companies are directing their efforts towards enhancing sensor capabilities to achieve heightened functionality, crucial for successful drone operations. Sensors play a pivotal role in motion detection, navigation, and collision avoidance, essential elements for ensuring seamless drone operations. In military applications, drones are deployed for surveillance, logistics, communication, attack missions, and combat operations, showcasing their multifaceted utility in warfare scenarios.

North America is anticipated to assert its dominance within the drone sensor market. This leadership position is underpinned by several key factors, including the escalating adoption of drones across diverse applications, the strong presence of major Original Equipment Manufacturers (OEMs) in the region, and a significant uptick in investments directed towards advancing next-generation drone technologies. For instance, in February 2023, Teledyne FLIR Defense secured a substantial USD 13 million contract with the US Department of Defense.

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Global Drone Sensor Market

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