Drone Sensor Market To Surpass USD 4 Billion By 2032, Says Global Market Insights Inc.

(MENAFN- GlobeNewsWire - Nasdaq) Drone Sensor industry size is expected to register 15% CAGR between 2024 and 2032 propelled by growing demand for drones in commercial applications.

Selbyville, Delaware, Oct. 02, 2024 (GLOBE NEWSWIRE) -- Drone Sensor market was valued at USD 1.4 billion in 2023 and is projected to be worth USD 4 billion by the end of 2032, as per a recent study by Global Market Insights Inc.

The rising adoption of drones in commercial sectors such as agriculture, construction, real estate, and delivery services drives this growth. In precision agriculture, drones with advanced sensors monitor crop health, evaluate soil conditions, and optimize resource usage. In construction, drones provide real-time data for site monitoring and project management, boosting operational efficiency and safety.

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The defense and military sectors significantly propel the drone sensor market. Drones are essential for surveillance, reconnaissance, and intelligence gathering, with the demand for sophisticated sensors in these areas fueling market growth. Military operations show a high demand for drones with thermal, night vision, and acoustic sensors, underscoring the importance of accurate and reliable data.

A notable trend in the drone sensor landscape is the miniaturization of sensors. This evolution permits the integration of advanced and multiple sensors into smaller, lighter drones. Miniaturization enhances drone versatility across industries and ensures high performance with reduced weight and power consumption. This advancement is crucial in sectors like agriculture, where drones must cover vast areas with precision, and in industrial inspections, where accessing confined or hazardous spaces is necessary.

The overall drone sensor market is classified based on sensor type, platform type, application, end-use, and region.

The obstacle detection and avoidance segment is anticipated to witness a CAGR exceeding 18% during the forecast period. This segment emphasizes sensors that enable drones to detect and navigate around obstacles in real-time, a vital feature for ensuring safety, especially in autonomous operations. Commonly utilized sensors in this domain include LiDAR, ultrasonic, infrared sensors, and cameras. These tools generate a 3D environmental map, enabling collision avoidance. As drones find more applications in congested locales-urban areas, industrial sites, or indoor settings-the demand for these sensors surges. Their importance is magnified in scenarios like package delivery, infrastructure inspection, and emergency response, where navigation precision and safety are paramount.

The drone sensor market size from VTOL segment is set to generate revenues exceeding USD 1.5 billion by 2032. The VTOL segment centers on drones capable of vertical take-off, hovering, and landing, akin to helicopters. These drones utilize specialized sensors to enhance their distinct flight abilities. VTOL drones shine in scenarios with constrained take-off and landing spaces, such as urban settings, maritime operations, and search-and-rescue missions. Key sensors in VTOL drones include advanced gyroscopes, accelerometers, and barometers, ensuring stability and control during vertical maneuvers. Furthermore, these drones often feature advanced navigation and obstacle detection sensors, guaranteeing safe operations in intricate environments.

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In 2023, North America led the global drone sensor market, capturing over 35% of the share. The region's dominance stems from the extensive adoption of drones in high-value sectors like defense, agriculture, and logistics. The U.S. stands out as a frontrunner in drone sensor technology, bolstered by robust government backing, substantial R&D investments, and a strong industrial foundation. The North American defense sector significantly propels the market, with advanced sensor-equipped drones playing a crucial role in surveillance, intelligence, and combat operations.

Drone Sensor Market Players

Companies including Teledyne Flir LLC, Trimble Inc., Velodyne Lidar, Inc., Bosch Sensortec GmbH, TE Connectivity, InvenSense Inc., STMicroelectronics are some firms working in drone sensor industry.

The drone sensor market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue (USD million & units) from 2021 to 2032, for the following segments:

Market, By Sensor Type

• Inertial sensor
• Image sensor
• Speed and distance sensor
• Position sensor
• Pressure sensor
• Light sensor
• Current sensor
• Ultrasonic sensor
• Altimeter sensor
• Flow sensor

Market, By Platform Type

• VTOL
• Fixed wing
• Hybrid

Market, By Application

• Navigation
• Obstacle detection and avoidance
• Data acquisition
• Motion detection
• Air pressure measurement
• Power management
• Others

Market, By End-Use Industry

• Construction
• Media & entertainment
• Precision agriculture
• Energy & utilities
• Military & defense
• Consumer
• Law enforcement
• Others

About Global Market Insights

Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

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