The global drone sensor market revenue is anticipated to reach US$ 4.1 Billion by 2033, compared to US$ 716.5 Million in 2023. FMI estimated a worth mentioning CAGR of 18.9% for the market during the forecast period.
Drones are becoming increasingly popular as a means of collecting high-quality aerial imagery and data for different applications. The demand for drones with cutting-edge sensors to capture data and images is expected to increase since businesses have started to recognize their value.
The market is expected to rise given the increasing use of unmanned systems in commercial applications. By increasing the variety of industry usage for drones, drone technology is steadily growing its presence in several nations.
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Key Takeaways:
- The drone sensor industry in the United Kingdom is anticipated to rise profitably, exhibiting a CAGR of 18% through 2033.
- The United States drone sensor market is expected to upsurge at 17.6% CAGR during the forecast period.
- With a CAGR of 18.3% over the forecast period, Japan is predicted to develop notably in the drone sensor industry.
- The drone sensor industry in China is expected to proliferate significantly, registering a CAGR of 19.9% from 2023 to 2033.
- South Korea is estimated to expand considerably registering a CAGR of 19.4% until 2033.
- Based on sensor type, the image sensors segment is projected to dominate the market, registering a CAGR of 18.8%.
- Based on end users, the defense segment is likely to lead the market, exhibiting a CAGR of 18.7%.
Drone Sensor Scope:
Players, stakeholders, and other participants in the Drone Sensor market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type, and by Application.
Geographical Segmentation:
Geographically, this report is segmented into several key regions, with sales, revenue, market share, and Drone Sensor market growth rate in these regions covering
- North America (United States, Canada and Mexico)
- Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia, and Vietnam)
- South America (Brazil etc.)
- Middle East and Africa (Egypt and GCC Countries)
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Competitive Landscape:
Drone sensor market players provide a wide range of distinctive and fascinating drone sensor options. The options include image sensors, position sensors, current sensors, inertial sensors, speed and distance sensors, and others. These firms are also using several strategies, including signing strategic alliances and securing government and defense contracts, to increase the scope of their products.
Key Players:
- DJI
- FLIR Systems
- TE Connectivity
- Raytheon Company
- Trimble Inc.
- Parker Hannifin Corp
- TDK InvenSense
Recent Developments:
- Aquiline Drones, a UAV manufacturer located in Hartford, announced a licensing arrangement with Drone Volt, a French sensor manufacturer, in October 2020. The partnership intends to give the company access to production and distribution facilities across the United States.
- The ICM-42622 6-axis motion sensor, an improved sensor for 6-axis IMUs, was introduced by TDK Company in January 2019. It has several benefits, including the capacity to sample data quickly, improved gyroscope temperature stability, reduced gyroscope, and accelerometer noise, etc.
Drone Sensor Market Segmentation:
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
By End User:
- Energy & Utilities
- Precision Agriculture
- Media & Entertainment
- Defense
- Personal
- Law Enforcement
- Security & Surveillance
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- The Middle East and Africa(MEA)
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Author:
Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.
He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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