Drone Sensor Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 0.94 Billion |
| Market Size (2029) | USD 2.54 Billion |
| CAGR (2024 - 2029) | 22.13 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Drone Sensor Market Analysis
The Drone Sensor Market size is estimated at USD 0.94 billion in 2024, and is expected to reach USD 2.54 billion by 2029, growing at a CAGR of 22.13% during the forecast period (2024-2029).
The growing applications of drones for various commercial purposes, like remote sensing, photo and videography, oil, gas, mineral exploration, disaster relief, recreational uses, and other meanings, are driving the growth of the drone sensor market. The advancements in drone technologies have allowed manufacturers to produce a wide range of models in different sizes, weights, and shapes, which can carry other sensor payloads, making them favorable across a broad application base.
Substantial investments in drones and their accessories to innovate and develop new sensor technologies and upgrade the existing infrastructure to support IoT and automation have been the primary trends impacting the market globally. However, stringent government regulations and tampering with drones will hinder the market's growth.
Drone Sensor Market Trends
Data Acquisition is Expected to Grow at Highest CAGR during the Forecasted Period
The data acquisition segment is expected to grow at the highest CAGR during the forecasted period. The evolving need for drones in various fields demands drone manufacturers equip the drones with new technologies that help them adapt to the changes. Lately, LiDAR has become a high-resolution and more accurate option for 3D mapping and geospatial data collection. As LiDAR uses ultraviolet and near-infrared light, effective mapping can be done, helping the growth of its preference. In addition, infrared thermal sensors capture cloud points used in information-based modeling by engineers and architects.
Millions of miles of underground natural gas pipelines across many countries present growth opportunities for the market, as drones equipped with thermal imaging sensors for pipeline leak detection are gaining popularity. Similarly, for solar farm inspection, companies employ drones with various sensors to create 3D visualizations and optimize the placement of photovoltaic panels to maximize efficiency. Thus, the demand for drone sensors is increasing, primarily due to the growth in the usage of drones in various industries.
North America is Expected to Dominate the Market During the Forecasted Period
The increasing adoption of drones for various applications, the presence of major OEMs, and increasing investments in research and development of following-generation drone technologies are some of the primary market drivers for drone sensors in North America.
For instance, in February 2023, Teledyne FLIR Defense was awarded a USD 13 million contract with the US Department of Defense to enhance its 80D SkyRaider unmanned aerial system. As per the contract terms, Teledyne FLIR will design and build prototype chemical and radiological sensor payloads for the R80D Skyraider and integrate existing detectors in the US Army’s inventory as a part of the contract.
Also, in June 2023, RTX Corporation secured a USD 118 million contract from the US Army to update the standard sensor payload for MQ-1C Gray Eagle unmanned aircraft systems. Such developments are expected to enhance drone usage and the market prospects for drone sensors during the forecast period.
Drone Sensor Industry Overview
The drone sensor market is semi-consolidated, with several players accounting for significant shares in the market. Some of the prominent companies in the drone sensor market are Bosch Sensortec GmbH, TE Connectivity Ltd., InvenSense, Inc., Trimble Inc., and Teledyne FLIR LLC.
Companies are investing heavily in research and development to innovate new and advanced sensors and related technologies that may be used in different drone applications. In this regard, OEMs are investing in the research and development of advanced sensors. Teledyne Technologies Incorporated acquired FLIR Systems, Inc in 2021. Such acquisitions will make the market more competitive in the years to come.
Also, the market players intend to devote significant resources and efforts to capitalizing on UAVs' technological proficiency and enhancing their penetration into the rapidly evolving market. Diversification of geographical markets, in tandem with product offerings, is anticipated to be a key criterion for ensuring profitability and survival in the long run.
Drone Sensor Market Leaders
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Trimble Inc.
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Teledyne FLIR LLC
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InvenSense, Inc.
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Bosch Sensortec GmbH
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TE Connectivity Ltd.
*Disclaimer: Major Players sorted in no particular order
Drone Sensor Market News
July 2023: The Air Force Research Laboratory (AFRL) expanded a contract for developing artificial intelligence (AI) driven techniques for drone sensors to Sarcos Technology and Robotics Corporation.
May 2022: Teledyne FLIR Defense was awarded a USD 14 million contract to deliver its Black Hornet 3 Personal Reconnaissance Systems (PRS) to the United States Army. The advanced nano uncrewed aerial vehicles (UAVs) are being used to augment squad and small unit-level surveillance and reconnaissance capabilities as part of the Army’s Soldier Borne Sensor (SBS) program.
Drone Sensor Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Type
5.1.1 Inertial Sensor
5.1.2 Image Sensor
5.1.3 Speed, Distance, and Position Sensor
5.1.4 Other Types
5.2 Application
5.2.1 Navigation
5.2.2 Data Acquisition
5.2.3 Collision Detection
5.2.4 Air Pressure Measurement
5.2.5 Other Applications
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 United Kingdom
5.3.2.3 France
5.3.2.4 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 India
5.3.3.2 China
5.3.3.3 Japan
5.3.3.4 South Korea
5.3.3.5 Rest of Asia-Pacific
5.3.4 Latin America
5.3.4.1 Brazil
5.3.4.2 Rest of Latin America
5.3.5 Middle-East and Africa
5.3.5.1 United Arab Emirates
5.3.5.2 Saudi Arabia
5.3.5.3 Egypt
5.3.5.4 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Bosch Sensortec GmbH
6.2.2 TE Connectivity Ltd.
6.2.3 Invensense, Inc.
6.2.4 Trimble Inc.
6.2.5 Teledyne FLIR LLC
6.2.6 Velodyne LiDAR
6.2.7 Sony Semiconductor Solutions Group
6.2.8 Sparton Corporation
6.2.9 KVH Industries, Inc.
6.2.10 LORD Sensing Systems (Parker Hannifin Corp.)
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Drone Sensor Industry Segmentation
A drone sensor refers to a system capable of settling changes in physical or electrical variations and other quantities. This sensor can also concede this variation to the drone and will act accordingly to ensure its proper functioning.
The drone sensor market is segmented based on type, application, and geography. By type, the market is segmented into inertial sensors, image sensors, speed, distance, position sensors, and others. The other sensor types include pressure sensors, ultrasonic sensors, and light sensors. By application, the market is segmented into navigation, data acquisition, collision detection, air pressure measurement, and others. The other application includes motion detection and power monitoring. The report also covers the market sizes and forecasts for the drone sensor market in major countries across different regions. For each segment, the market size is provided in terms of value (USD).
| Type | |
| Inertial Sensor | |
| Image Sensor | |
| Speed, Distance, and Position Sensor | |
| Other Types |
| Application | |
| Navigation | |
| Data Acquisition | |
| Collision Detection | |
| Air Pressure Measurement | |
| Other Applications |
| Geography | |||||||
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Drone Sensor Market Research Faqs
How big is the Drone Sensor Market?
The Drone Sensor Market size is expected to reach USD 0.94 billion in 2024 and grow at a CAGR of 22.13% to reach USD 2.54 billion by 2029.
What is the current Drone Sensor Market size?
In 2024, the Drone Sensor Market size is expected to reach USD 0.94 billion.
Who are the key players in Drone Sensor Market?
Trimble Inc., Teledyne FLIR LLC, InvenSense, Inc., Bosch Sensortec GmbH and TE Connectivity Ltd. are the major companies operating in the Drone Sensor Market.
Which is the fastest growing region in Drone Sensor Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Drone Sensor Market?
In 2024, the North America accounts for the largest market share in Drone Sensor Market.
What years does this Drone Sensor Market cover, and what was the market size in 2023?
In 2023, the Drone Sensor Market size was estimated at USD 0.73 billion. The report covers the Drone Sensor Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Drone Sensor Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Drone Sensor Industry Report
Statistics for the 2024 Drone Sensor market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Drone Sensor analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
