The global drone sensors market was valued at USD 306.6 million in 2022 and it is anticipated to grow further till USD 2,391.5 million by 2032, at a CAGR of 20.0% during the forecast period.
The drone is a flying robot or aircraft with onboard sensors, a global positioning system, and software that allows it to be remotely controlled or fly on its own. Unmanned Aerial Vehicles (UAVs) and Unmanned Aircraft Systems are other names for drones (UAS). Previously, Unnamed Aerial Vehicles (UAVs) were only employed for military-related tasks like training for air defense target engagements, information gathering, and, more controversially, as a platform for carrying weapons.
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Market Trends and Drivers
The integration of advanced technologies is anticipated to boost the growth of the global drone sensors market.
AI technology deployment in drones is becoming more common, owing to the global emphasis on the development of completely autonomous commercial drones. Newer drone models are outfitted with AI-powered flight controllers, allowing them to fly independently and make real-time decisions without human intervention. When combined with other technologies such as LiDAR and IoT, the UAV can also solve the need to supply, operate, and maintain public utilities in rural areas. For instance, in July 2022, Microsoft launched a simulator to train AI systems in drones. The simulator would help in software development and training also allowing them to track how winds may affect the battery life. AI continues to transform enterprises through automation and is emerging as a source of long-term competitive advantages. In the drone industry, AI algorithms detect flaws, leaks, and failures, reducing downtime. The reliance on commercial UAVs will increase as people become more aware of the importance of AI in complicated robot development. Similarly, investment in medical drone delivery has increased, allowing companies to widen their footprints. For instance, in February 2022, Phystech Ventures, a U.S.-based venture capital firm, stated that there had been a USD 5 billion investment in drone technology in the past two years. such aforementioned factors will fuel the market growth during the forecast period.
Major Players in the Global Drone Sensors Market
The key players studied in the report are Ainstein (US), Trimble (US), Bosch Sensortec (Germany), TDK InvenSense (Japan), Sparton NavEx (US), Raytheon (US), ams AG (Austria), Infineon Technologies AG (Germany), PrescisionHawk (US), Sentera, Inc. (US), and SlantRange (US) among others.
COVID-19 Impact
The COVID-19 pandemic outbreak has posed unprecedented challenges to governments and communities around the world. During the early phases of the pandemic, with most countries having imposed strict lockdowns to contain the coronavirus, authorities were looking for rapid and efficient solutions to deliver public goods and services. In the initial start of COVID-19 pandemic in 2020 has a significant impact on the manufacturers of Drone Sensor due to disruptions in the supply chain and frequent lockdowns. Further, the economic slowdown and geopolitical matters have limited the Drone Sensor market growth. As the lockdown removed in several regions in 2021, increasing the deployment of drones amid the COVID-19 crisis will be a major driving factor for this market.
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Drones, or unmanned aerial vehicles (UAVs), emerged as the optimal solution to the growing challenges. In Rwanda, Ghana, and Malawi, for instance, drones were deployed to deliver essential medical supplies to remote villages and towns. Private entities, too, stepped up. In April 2020, CVS and United Parcel Service (UPS) started delivering prescription medications to residents in a retirement community in Florida. Drone sensors are the most critical parts that help operators navigate these machines remotely and with UAVs proving instrumental amid the current crisis, the demand for sensors is likely to spike.
Global Drone Sensors Market Segmentation
By Sensor Type
- Inertial Sensor
- Image Sensor
- Speed & Distance Sensor
- Position Sensor
- Pressure Sensor
- Light Sensor
- Current Sensor
- Altimeter Sensor
- Others
By Platform Type
- VTOL
- Fixed-wing
- Hybrid
By Application
- Navigation
- Collision Detection & Avoidance
- Data Acquisition
- Motion Detection
- Air Pressure Measurement
- Others
By End User
- Construction
- Media & Entertainment
- Precision Agriculture
- Personal
- Security & Surveillance
- Defense
- Law Enforcement
- Transportation
- Others
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