global drone sensor market was valued at USD 252.6 million in 2017 and is expected to reach USD 934.4 million by the end of forecast period with a CAGR of 25.86%.
1. Drone Sensor Market Research Report By
Forecast 2023
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2023
PREPARED BY
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)
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Drone Sensor Market Forecast To 2023
• The Global Drone Sensor Market value was USD 252.6 million in 2017 and can touch the valuation
of USD 934.4 million by 2023, estimates Market Research Future (MRFR). The market is expected to
achieve a CAGR of 25.86% during the forecast period (2018-2023).
Primary Drivers and Key Barriers
• Drones are used to capture real-time data with high accuracy. Few significant applications of drones
include traffic monitoring, real-time surveillance, goods delivery, and crop health monitoring.
Drones mainly consist of a variety of sensors like pressure sensors, position sensors, and inertial
sensors among others that help drone provide real-time data.
Drone Sensor Market Forecast To 2023
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Drone Sensor Market Forecast To 2023
• Few types of drones use machine learning and artificial intelligence for better analyzation of data
with advanced image processing. Machine learning, as well as artificial intelligence, helps drones
identify objects more sharply and allow them to take necessary action.
• Furthermore, the reduced price of advanced sensor technologies has enabled a number of drone
companies to offer a vast range of mapping solutions including hyperspectral and multispectral
imaging which help improve drone imagery significantly.
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Drone Sensor Market Forecast To 2023
Global Drone Sensor Market Segmented on the basis of
Sensor type, platform type, application and end-user are the segments as per which MRFR has studied the
global drone sensor market.
The sensor types mentioned in the report are image sensor, inertial sensor, position sensor, speed and
distance sensor, light sensor, pressure sensor, current sensor, and others. Inertial sensor types are
gyroscope, accelerometers, tilt sensor and magnetometers. Image sensor segment can be dissected into
thermal, infrared, 3D image sensor and multispectral. Speed and distance sensors can be split into radar,
lidar, and proximity sensor; and position sensors into GPS and GNSS.
Depending on the platform type, the market includes vertical take-off and landing (VTOL), fixed-wing, and
hybrid.
Application-wise, the market can be considered for navigation, data acquisition, collision detection &
avoidance, air pressure measurement, motion detection, power monitoring, and others.
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Drone Sensor Market Forecast To 2023
Global Drone Sensor Market - Geographical Analysis
• The geographical distribution of the global drone sensor market includes Europe, Asia Pacific (APAC), North
America, and the rest of the world (RoW) which include Latin America as well as Middle East & Africa.
• North America is slated to hold the top position in the drone sensor market. Rising applications of drones in
security & surveillance, media and entertainment and military & defense sectors can boost demand for the
market in the region. Increasing use of drones for covering several sporting events by renowned media houses
stimulates growth of the drone sensor market in the media industry in North America.
• Favorable government regulations in Europe have propelled the market to greater heights in recent years. Also,
surging use of drones in precision agriculture in the region has augmented market demand. On top of this,
considerable funding toward drone technology as well as UAVs is giving way to a host of business opportunities
for the drone sensor market in the region.
• APAC’s growth in the global market is expected to be at a significant rate in the near future. Market growth in
the region has been substantial, given the presence of well-known sensor vendors that make intense efforts to
gain a higher share in the market.
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Drone Sensor Market Forecast To 2023
Global Drone Sensor Market - Competitive Analysis
• Leading players in the worldwide drone sensor market include Sentera, Inc. (US), TDK InvenSense (Japan), Sparton
NavEx (US), PrescisionHawk (US), ams AG (Austria), Trimble (US), Bosch Sensortec (Germany), Infineon
Technologies AG (Germany), SlantRange (US) and Raytheon (US).
• Other players in the market include Systron Donner Inertial (US), Delair (France), MicaSense (US), DroneShield
Limited (Australia), and others.
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