Press release
Drone Sensor Market Trends That Will Shape the Next Decade: Insights from Advancements in Drone Technology With 4G/LTE-Enabled Next-Generation Drones With Enhanced Sensor Capabilities
Drone Sensor
How Large Will the Drone Sensor Market Size By 2025?
The market size for drone sensors has experienced significant growth over the years. The market, valued at $1.09 billion in 2024, is projected to reach $1.32 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 20.3%. The historical growth trend is due to factors such as usage in defense and military operations, evolving regulations, commercial applications, sensor miniaturization, augmented investment, enhanced data analytics, and advancements in safety and risk management.
How Big Is the Drone Sensor Market Size Expected to Grow by 2029?
In the coming years, the drone sensor market is anticipated to witness a significant surge in its size. It is predicted to expand to a value of $2.74 billion in 2029, with a 20.1% compound annual growth rate (CAGR). This upswing during the forecast period can be linked to the rising demand for advanced imaging resolution, efforts towards cost and size reduction, considerations for environmental tracking and disaster management, commercial and industrial growth, as well as supportive governmental regulations and funding. The forecast period also foresees major advancements including the incorporation of AI and machine learning, LiDAR sensors, enhancements in GPS and GNSS range and precision, autonomous sensor calibration, and the adoption of multispectral and hyperspectral imaging.
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Which Key Market Drivers Powering Drone Sensor Market Expansion and Growth?
The anticipated widespread use of drones is predicted to propel the drone sensor market's growth in the future. Drones are unmanned aerial vehicles (UAVs) that can be controlled remotely or operate autonomously, serving various purposes like surveillance, delivery, cartography, and data gathering. Its efficiency, cost-effectiveness, and versatility across multiple applications drive the broad adoption of drones. Drone sensors are critical in surging drone usage, providing precise data gathering, navigation, and obstacle avoidance. They augments the efficiency and safety of drones in diverse domains such as agriculture and surveillance. For example, in May 2024, as per Sphere Drones, a drone solutions firm from Australia, industry predictions indicate a considerable increase in drone flights, with an annual total of 60 million expected by 2043. Hence, the widespread acceptance of drones is fuelling the growth of the drone sensor market.
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What Long-Term Trends Will Define the Future of the Drone Sensor Market?
Leading companies in the drone sensor market are focusing on the creation of technologically superior next-generation drones, such as those equipped with advanced 4G/LTE cloud capabilities. These up-to-date drones can connect to cellular networks, allowing immediate data transfer and remote management through cloud platforms, enhancing operational range, reliability, and efficiency. To illustrate, in January 2023, Missiya, a drone manufacturer based in Georgia, introduced the M-22Q1 Zakal drone. This UAV is engineered to perform in different weather conditions. It can transport payloads up to 6 kilograms, boasts flight durations from 45 to 60 minutes, and has a maximum range of up to 40 kilometers. It comes with numerous in-built sensors that provide a 360-degree obstacle detection and avoidance, as well as 4G/LTE cloud capabilities. Moreover, the drone is portable, equipped with professional-grade cameras, and employs advanced technology for coordinate resolution.
What Are the Emerging Segments in the Drone Sensor Market?
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
Subsegments:
1) By Inertial Sensor: Gyroscopes, Accelerometers, Inertial Measurement Units (IMUs)
2) By Image Sensor: CMOS Image Sensors, CCD Image Sensors, Multispectral and Hyperspectral Sensors
3) By Speed and Distance Sensor: Radar-Based Speed Sensors, LIDAR-Based Distance Sensors, Optical Flow Sensors
4) By Position Sensor: GPS Modules, Magnetometers, GNSS Receivers
5) By Pressure Sensor: Barometric Pressure Sensors, Differential Pressure Sensors
6) By Light Sensor: Ambient Light Sensors, UV and Infrared Sensors
7) By Ultrasonic Sensor: Obstacle Detection Sensors, Proximity Sensors
8) By Current Sensor: Hall Effect Sensors, Shunt Resistors
9) By Altimeter Sensor: Laser Altimeters, Barometric Altimeters
10) By Other Sensor Types: Gas Sensors (for Environmental Monitoring), Temperature Sensors, Humidity Sensors
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Who Are the Global Leaders in the Drone Sensor Market?
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.
Which are the Top Profitable Regional Markets for the Drone Sensor Industry?
North America was the largest region in the drone sensor market in 2024. 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.
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