CHICAGO, May 20, 2024 /PRNewswire/ -- The Drone Sensor
market size is expected to be valued at USD
1.4 billion in 2024 and is anticipated to be USD 2.5 billion by 2029; growing at a CAGR of
12.1% from 2024 to 2029 according to a new report by
MarketsandMarkets™. The major factors supporting the
growth of this market include the incorporation of safety features
in drones, which serves as a significant driver for the advancement
of drone technology. Safety features are essential for mitigating
risks associated with drone operations, ensuring both the safety of
the drone itself and the surrounding environment.
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Browse in-depth TOC on "Drone Sensor
Market"
199 – Tables
59 – Figures
250 – Pages
Drone Sensor Market Report Scope:
Report
Coverage
|
Details
|
Market Revenue in
2024
|
$ 1.4 billion
|
Estimated Value by
2029
|
$ 2.5 billion
|
Growth Rate
|
Poised to grow at a
CAGR of 12.1%
|
Market Size Available
for
|
2020–2029
|
Forecast
Period
|
2024–2029
|
Forecast
Units
|
Value (USD
Million/Billion)
|
Report
Coverage
|
Revenue Forecast,
Competitive Landscape, Growth Factors, and Trends
|
Segments
Covered
|
By Sensor Type,
Platform, Application, End Users and Region
|
Geographies
Covered
|
North America, Europe,
Asia Pacific, and Rest of World
|
Key Market
Challenge
|
Unclear government laws
related to the drone industry
|
Key Market
Opportunities
|
Growing need for
high-resolution imaging and accurate positioning of
locations
|
Key Market
Drivers
|
Growing need for
high-resolution imaging and accurate positioning of
locations
|
Energy & utility end-user industry to account for the highest
growth of drone sensor market between 2024 and 2029.
The energy and utility sectors increasingly recognize the value
of drone sensor technology for improving asset management,
enhancing environmental stewardship, and ensuring the safety and
reliability of critical infrastructure. As drone technology
continues to advance and sensor capabilities evolve, the adoption
of drones for energy and utility applications is expected to
accelerate further, driving continued growth in the drone sensor
market.
Market for drone sensors for VTOL to have largest market size
between 2024 and 2029.
VTOL drones offer advantages, such as lightweight, low
costs, ease of handling, and maneuverability. These drones can be
used for many operations, from inspecting pipelines and structures
to aerial photography and mapping. Future adoption of drones for
inspection, mapping, and photography applications will
significantly drive the segment's growth during the forecast
period.
Market for drone sensors for data acquisition application to
have the largest market size between 2024 and 2029.
Data acquisition is a major application of drones and a key
element of the global drone service market. It helps
decision-makers gather crucial information on other applications of
drones, such as mapping & surveying, remote sensing &
aerial photography, 3D modeling, product delivery, environmental
inspection and assessment, and risk management.
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North America expected to
hold the largest share of drone sensor market in 2023.
North America dominated the
drone sensor industry in 2023. The region's leading media outlets
increasingly employ drones to cover sporting events, fueling growth
in the drone sensor market, particularly within the media industry.
Additionally, the military and defense sector are a primary
application area for drone sensors in North America. Furthermore, the surge in the
adoption of drones for precision agriculture purposes is
anticipated to propel market growth.
The players in the drone sensor companies are TE Connectivity
(US), Drone Nerds Enterprise (US), RTX (US), Trimble Inc.(US),
InvenSense (US), Bosch Sensortec GmbH (Germany), Sparton (US), ams-OSRAM AG
(Austria), Teledyne FLIR LLC (US),
Hottinger Brüel & Kjær (HBK) (Denmark), LeddarTech (Canada), YOST
LABS (US), SBG SYSTEMS (France), Velodyne Lidar Inc. (US), Sony
Semiconductor Manufacturing Corporation (Japan), QuestUAV (UK), Sensirion AG
(Switzerland), Aerotenna (US),
Swift Navigation Inc. (US), Unmanned Experts Inc. (US),
Dynetics, Inc. (US), Kespry (US), GRIFFON AEROSPACE (US),
MICRODRONES (Germany), and Autel
Robotics (US).
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