Global Drone Sensor Market is set to forecast strong growth with 23.01% CAGR through 2025
The Drone Sensor Market is an emergent market with CAGR of 23.01% over the forecast period 2019-2025. Rising capital funding for drone sensing technology with advance sensors, strong demand for intelligent surveillance systems, and shift from man-powered military forces to automated war-fighter drones are among emerging market trends triggering the drone sensor market growth.
Key market players are untapping drone sensor market opportunities across unexplored applications. Accordingly, investments from Google, Facebook, NASA and others is set to drive the demand for drone sensors across commercial and civilian applications.
Further, strong consumption by drone sensor in the industrial sector is profiting areas such as warehouse management, service and maintenance, and training. Metrological sensors and GPS are some of the major sensors used by type in 2019 and are forecast to remain largest through 2025.
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In addition, high usage of drones in advertising and emergence of drone hardware along with growing adoption of tablets, smartphones, and other drone-integrated wearable devices is set to drive drone sensor market growth.
However, challenges related to hacking, tampering, cyber-attacks and use by anti-social activities remain key concern areas. Accordingly, stringent regulations related to wide spread adaptability is restricting large scale development.
Strong demand for key types and emergence of end users applications are observed as market growth drivers
EO/IR sensors widely adopted for versatile military and defence applications including 24X7 monitor on target, threat assessment, and fire control solutions is set to impact the market growth positively.
Accordingly, LiDAR system mounted on UAVs as an all-in-one 3D mapping device is also rapidly gaining demand among surveying drones. For instance, in 2019, A-series LiDAR system mounted to a DJI Matrice 600 airframe delivers affordable, versatile and accurate UAV-based 3D surveying solution.
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Metrological sensors are largely being deployed to overcome the challenges incurred with atmospheric boundary layer and anemometer tower such as high cost, fixed location, low recovery, and low reuse rate.
An increasing demand for image sensors in agriculture applications is observed in Europe and North America to map complete environment and crop vigour analysis. Accordingly, key vendors are showcasing market presence by to cater needs across agriculture application. For instance, in 2019, Sony launched drone-mounted sensing unit for crop management that allows capturing, collection, and analysis of data in the field.
Further, Asian countries will also be quickly adapting to agricultural uses of drone sensors.
Asia-Pacific region is emerging with growth rate of 26.44% over 2019-2025
The Asia-Pacific market maintains strong drone sensor market share, leaded by China. The market growth across is driven by strong production of counter-drone systems and laser weapons to enhance intelligence and attack capabilities.
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Further, ISR missions (intelligence, surveillance and reconnaissance) in India and other Asian countries are creating huge market opportunity and growth.
Whereas, Europe continues to capture drone sensor market share in 2019, followed by North America. Accordingly, done sensors are penetrating the North American market for wide range of applications ranging from military and defence to atmospheric research. Trimble, Sparton NavEx, Raytheon, and Systron Donner Inertial are the major market players in North America regions that are having an intense market growth.
Intense investments, acquisition and launch of novel products across key players creates long term market opportunity
For instance, in May 2019, TE Connectivity acquired Alpha Technics that operates in connectivity and sensing solutions platform.
In addition, key players are marking strong market share by offering surveillance drone sensor technology across large firms. For example, in May 2019, Percepto, a drone manufacturing company secured USD 15 million for facility monitoring autonomous drone to NHN, Spider Capital, Emerge, R&R Venture Partners, and Hyundai.
Further, key OEMS are focusing on finding innovative solutions to launch new product across drone sensor market. For instance, in May 2019 Delair introduced new long-range drone which offers easy to integrate architecture for adding user specified sensors and other payloads to the platform. In addition, in February 2019, TDK launched the InvenSense CORONA premium motion sensor product for optical and computational image stabilization applications.
Key players participating in the drone sensor market include Raytheon Company, Tremble Inc., Bosch Sensor Tec GmbH, TDK Corporation, TE Connectivity Ltd., among others.
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