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Drone Sensor Market 2024 Report By Key Companies, Regional Analysis And Forecast 2033

11-04-2024 07:39 AM CET | IT, New Media & Software

Press release from: The Business research company

Drone Sensor Market

Drone Sensor Market

The Business Research Company recently released a comprehensive report on the Global Drone Sensor Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, 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.

Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/drone-sensor-global-market-report

Market Drivers and Trends:

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.

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 320x256 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).

Key Benefits for Stakeholders:

• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.

Major Key Players of the Market:

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.

Drone Sensor Market 2024 Key Insights:

• 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%.
• Rising Drone Adoption Fuels Growth In Drone Sensor Market
• Technological Improvements In The Drone Sensor Market
• North America was the largest region in the drone sensor market in 2023

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Contact Us:

The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

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Learn More About The Business Research Company

The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

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