Drone Sensor Market Size To Expand at a Notable CAGR Of 25.86% During 2023 - 2032

Pune, India, February 20, 2019, MRFR Press Release/- Market Research Future published a half-cooked research report on global drone sensor market.

Market Highlights

Drones help in capturing real-time data along with high accuracy. These are disrupting businesses in several segments such as agriculture, traffic management and homeland security. Drones consist of various type of sensors such as inertial sensors, pressure sensors and position sensors among others, to help them to provide real-time data. The increasing demand of drones in civil and commercial applications is the major factor driving the growth of the market. Some of the drones make use of artificial intelligence and machine learning to better analyze the data with sophisticated image processing.

Key players

The key players in the drone sensor market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are – 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). These players contribute a major share in the growth of drone sensor market.

Apart from the top key players, there are other players that contribute to the market growth. These include MicaSense (US), Delair (France), Systron Donner Inertial (US), DroneShield Limited (Australia), and others.

Regional Analysis

The global market for drone sensor is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of drone sensor market is studied for North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East, Africa, and Latin America). Among the regions mentioned, North America is the dominating region for drone sensor market. Increasing applications of drones in military & defense, security & surveillance, and media and entertainment segments is expected to create huge demand in North America. Military & defense segment is expected to boosting up the demand for drone sensor market in this region. North America is followed by Europe, which is expected to generate significant revenue share.

Asia-Pacific region is expected to grow at a significant CAGR during the forecast period owing to factors such as presence of major sensor vendors in this region, rapid adoption of drone deliveries along with favourable government regulations. Robust growth for drone market is expected in the utilities and oil & gas industries in the Middle East and Africa.