Drone Sensor Market Report 2024

The drone sensor market size has grown exponentially in recent years. It will grow from $0.9 billion in 2023 to $1.09 billion in 2024 at a compound annual growth rate (CAGR) of 21.7%. The growth during the historic period can be attributed to several factors, including military and defense applications, regulatory changes, commercial use cases, sensor miniaturization, increased investment, enhanced data analytics, and improved 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 projected growth can be attributed to several factors, including 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, the use of LiDAR (light detection and ranging) sensors, improved range and accuracy of GPS and GNSS, autonomous sensor calibration, and advancements in multispectral and hyperspectral imaging.

The rapid adoption of drones is expected to significantly drive the growth of the drone sensor market. Drones, or unmanned aerial vehicles (UAVs), can be remotely piloted or operated autonomously to perform various tasks such as surveillance, delivery, mapping, and data collection. Their efficiency, cost-effectiveness, and versatility across different applications fuel their adoption. Drone sensors are crucial in this process, enabling accurate data collection, navigation, and obstacle avoidance, thereby enhancing the efficiency and safety of drones in sectors such as agriculture and surveillance. For example, Sphere Drones, an Australian drone solutions provider, projected in May 2024 that the annual total of drone flights will reach 60 million by 2043. Thus, the increasing adoption of drones is driving the growth of the drone sensor market.

Key companies in the drone sensor market are advancing technologies, such as panchromatic sensors, to improve drone stability, navigation, and performance. Panchromatic sensors capture images in a single wavelength, usually grayscale or black-and-white, enhancing detail and resolution in remote sensing applications. In November 2021, AgEagle Aerial Systems Inc., a US-based drone solutions provider, launched the Altum-PT, an advanced solution for remote sensing and agricultural research. This device integrates an ultra-high-resolution panchromatic imager, a 320x256 radiometric thermal imager, and five discrete spectral bands. It produces synchronized outputs, including RGB color images, crop vigor maps, heat maps, and high-resolution panchromatic images in a single flight. The Altum-PT's notable feature is its 12.4-megapixel panchromatic sensor, which enhances multispectral imagery through pan-sharpening, achieving a ground resolution of 1.2 cm (0.47 inches) per pixel at an altitude of 60 meters (200 feet).

In May 2021, Teledyne Technologies Incorporated, a US-based provider of digital imaging products and software, acquired FLIR Systems for an undisclosed amount. This acquisition combines Teledyne's expertise in digital imaging with FLIR's strengths in thermal imaging and unmanned systems, enhancing capabilities in defense, infrastructure, and logistics sectors that increasingly rely on drones. FLIR Systems Inc. is a US-based company that designs and produces thermal imaging cameras and sensors for unmanned aerial systems.

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.

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.

The countries covered in the drone sensor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A drone sensor is a device mounted on drones to detect and measure various environmental parameters, such as temperature, humidity, light, and motion. These sensors aim to improve the functionality and efficiency of drones by providing accurate, real-time information, thereby supporting a wide range of industries and operations.

The primary types of drone sensors include inertial sensors, image sensors, speed and distance sensors, position sensors, pressure sensors, light sensors, ultrasonic sensors, current sensors, altimeter sensors, and more. Inertial sensors measure and detect changes in velocity and orientation, and are commonly used in navigation, motion tracking, and stabilization systems. Drone platforms can be categorized into vertical take-off and landing (VTOL), fixed-wing, and hybrid platforms, each used for applications such as collision detection and avoidance, data acquisition, motion detection, air pressure measurement, and power monitoring. End users of these technologies include sectors such as construction, media and entertainment, agriculture, personal use, security and surveillance, defense, law enforcement, transportation, and others.

The drone sensor research report is one of a series of new reports that provides drone sensor market statistics, including the drone sensor industry's global market size, regional shares, competitors with a drone sensor market share, detailed drone sensor market segments, market trends and opportunities, and any further data you may need to thrive in the drone sensor industry. This drone sensor market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The drone sensor market consists of sales of proximity sensors, barometric pressure sensors, environmental sensors, hyperspectral sensors, and magnetometers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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