The global drone sensor market demand is projected to reach USD 2342.1 million by 2028 owing to the increasing adoption from the defense industry, states Fortune Business Insights™ in its report, titled “Drone Sensor Market, 2021-2028”. The report further states that the global market value was USD 394.7 million in 2020 and is expected to register a CAGR of 25.08% from 2021 to 2028.
Image Sensors Segment to Register Highest CAGR
We have categorized the market on the basis of sensor type, application, platform, and geography. In terms of sensor type, the market is divided into inertial sensors, image sensors, speed & distance sensors, position sensors, pressure sensors, ultrasonic sensors, altimeter sensors, current sensors, light sensors, and others. The image sensors segment is estimated to showcase the highest CAGR by 2027 due to the high popularity of aerial photography in the commercial sector.
Based on application, it is fragmented into navigation, collision detection and avoidance, data acquisition, motion detection, air pressure measurement, power monitoring, and others. On the basis of platform, the market is bifurcated into fixed-wing, hybrid, and VTOL. The VTOL segment held the highest drone sensor market share in 2020. The segment growth is highly backed by the increasing demand from the military and defense sector.
Increasing Applications in the Military & Defense Industry Worldwide to Drive Growth
Drones are increasingly accepted in the defense industry for challenges related to security and risks regarding any vulnerable areas. They are also used for surveillance, reconnaissance, and targeting owing to their capabilities of escaping radar range. Increased utilization of Unmanned Aerial Vehicles (UAVs) in military and defense applications is estimated to drive the global drone sensor market growth. For instance, in August 2020, Michael Kratsios, acting undersecretary of Defense for Research and Engineering, announced to give access to commercial drones to the Defense Department and the entire federal government.
Browse Summary
https://www.fortunebusinessinsights.com/drone-sensor-market-102596
List of Key Players Profiled in the Drone Sensor Market Report:
- Trimble (US)
- Bosch Sensortec (Germany)
- TDK InvenSense (U.S.)
- SpartonNavEx (US)
- Raytheon (US)
- AMS AG (Austria)
