The drone sensor global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Drone Sensor Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The drone sensor market size has grown exponentially in recent years. It will grow from $0.90 billion in 2023 to $1.09 billion in 2024 at a compound annual growth rate (CAGR) of 21.7%. The growth in the historic period can be attributed to military and defense applications, regulatory changes, commercial use cases, miniaturization of sensors, increased investment, improved data analytics, safety and risk management.
The drone sensor market size is expected to see exponential growth in the next few years. It will grow to $2.41 billion in 2028 at a compound annual growth rate (CAGR) of 21.8%. The growth in the forecast period can be attributed to increased demand for high-resolution imaging, cost reduction and miniaturization, environmental monitoring and disaster management, commercial and industrial expansion, regulatory support, and funding. Major trends in the forecast period include the integration of AI and machine learning, LiDAR (light detection and ranging) sensors, improved range and accuracy of GPS and GNSS, autonomous sensor calibration, and multispectral and hyperspectral imaging.
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Scope Of Drone Sensor Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Drone Sensor Market Overview
Market Drivers –
The high adoption of drones is expected to propel the growth of the drone sensor market going forward. Drones are unmanned aerial vehicles (UAVs) that can be remotely piloted or operated autonomously to perform a variety of tasks, such as surveillance, delivery, mapping, and data collection. The adoption of drones is driven by their efficiency, cost-effectiveness, and versatility across various applications. Drone sensors are pivotal in driving drone adoption, enabling precise data collection, navigation, and obstacle avoidance. These functionalities significantly boost the efficiency and safety of drones across diverse sectors such as agriculture and surveillance. For instance, in May 2024, according to Sphere Drones, an Australia-based drone solutions provider, industry projections indicate a substantial rise in drone flights, with an expected annual total of 60 million by 2043. Therefore, the high adoption of drones is driving the growth of the drone sensor market.
Market Trends –
Major companies operating in the drone sensor market are developing technologies, such as panchromatic sensors, to enhance drone stability, navigation, and performance capabilities. Panchromatic sensors capture images in a single wavelength, typically grayscale or black-and-white, enhancing detail and resolution in remote sensing applications. In November 2021, AgEagle Aerial Systems Inc., a US-based full-stack drone solutions provider, launched Altum-PT, an advanced all-in-one solution for remote sensing and agricultural research. It seamlessly integrates an ultra-high-resolution panchromatic imager, a 320×256 radiometric thermal imager, and five discrete spectral bands, allowing it to produce synchronized outputs such as RGB color images, crop vigor maps, heat maps, and high-resolution panchromatic images in a single flight. The Altum-PT’s standout feature is its 12.4-megapixel panchromatic sensor, which enhances multispectral imagery through pan-sharpening to achieve a ground resolution of 1.2 cm (0.47 inches) per pixel when flying at an altitude of 60 meters (200 feet).
The drone sensor market covered in this report is segmented –
1) By Sensor Type: Inertial Sensor, Image Sensor, Speed And Distance Sensor, Position Sensor, Pressure Sensor, Light Sensor, Ultrasonic Sensor, Current Sensor, Altimeter Sensor, Other Sensor Types
2) By Platform Type: Vertical Take–Off And Landing (VTOL) Platform, Fixed-Wing Platforms, Hybrid Platform
3) By Application: Collision Detection And Avoidance, Data Acquisition, Motion Detection, Air Pressure Measurement, Power Monitoring, Other Applications
4) By End User: Construction, Media And Entertainment, Agriculture, Personal, Security And Surveillance, Defense, Law Enforcement, Transportation, Other End-Users
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Regional Insights –
North America was the largest region in the drone sensor market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the drone sensor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the drone sensor market are Sony Corporation, Raytheon Technologies Corporation, TE Connectivity Corporation, Infineon Technologies AG, Teledyne Technologies Inc., ams AG, Trimble Inc., FLIR Systems Inc., Sensirion AG, Sparton Corp., InvenSense Inc., Bosch Sensortec GmbH, Velodyne Lidar Inc., Sentera Inc., PrecisionHawk Inc, Ainstein AI, LeddarTech Holdings Inc., SBG Systems, SlantRange Inc., Yost Labs Inc.
Table of Contents
1. Executive Summary
2. Drone Sensor Market Report Structure
3. Drone Sensor Market Trends And Strategies
4. Drone Sensor Market – Macro Economic Scenario
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5. Global Drone Sensor Market Size and Growth
32. Global Drone Sensor Market Competitive Benchmarking
33. Global Drone Sensor Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Drone Sensor Market
35. Drone Sensor Market Future Outlook and Potential Analysis
36. Appendix
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