The worldwide drone sensor market is expected to generate $4.1 billion by 2033, up from $716.5 million in 2023. FMI predicted a noteworthy CAGR of 18.9% for the market throughout the projection period.
Drones are gaining popularity as a way to acquire high-quality aerial pictures and data for a variety of purposes. The demand for drones with cutting-edge sensors to record data and photographs is projected to rise as businesses discover their worth.
The market is predicted to grow due to the increased usage of unmanned systems in commercial applications. Drone technology is constantly extending its footprint in numerous countries by expanding the range of industries that use drones.
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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)
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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