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Global Drone Sensor Market is set to reach US$ 4.1 Billion by 2033, amid recent Technological Advancements | Analysis by Future Market Insights, Inc.
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NEWARK, Del: , April 25, 2023 (GLOBE NEWSWIRE) — NEWARK, Del: The global drone sensor market revenue is anticipated to reach US$ 4.1 Billion by 2033, compared to US$ 716.5 Million in 2023. FMI estimated a worth mentioning CAGR of 18.9% for the market during the forecast period.
Drones are becoming increasingly popular as a means of collecting high-quality aerial imagery and data for different applications. The demand for drones with cutting-edge sensors to capture data and images is expected to increase since businesses have started to recognize their value.
The market is expected to rise given the increasing use of unmanned systems in commercial applications. By increasing the variety of industry usage for drones, drone technology is steadily growing its presence in several nations.
Drone sensors are finding increasing use in a wide range of industries. Drones are used in agriculture to monitor crops, estimate yields, and analyze soil. Drones are also utilized in the construction sector to survey sites, track progress, and check for safety issues
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The fast pace of technological advancements in drone sensors is driving the market growth. Technology advancements are increasing the quality and accuracy of airborne data. This, in turn, increases the value of drones in a wide range of businesses.
Governments and private investors are making additional investments in drone technology as a result of the rising demand for drone sensors. The drone sensor industry is expanding due to favorable legislation governing the usage of drones.
The goal of many businesses is to devise smart sensors that can perceive different variables in a single system. Next-generation sensors are frequently shaped using the fusion of cutting-edge technologies, including the Internet of Things, machine learning, and artificial intelligence.
Key Takeaways:
- The drone sensor industry in the United Kingdom is anticipated to rise profitably, exhibiting a CAGR of 18% through 2033.
- The United States drone sensor market is expected to upsurge at 17.6% CAGR during the forecast period.
- With a CAGR of 18.3% over the forecast period, Japan is predicted to develop notably in the drone sensor industry.
- The drone sensor industry in China is expected to proliferate significantly, registering a CAGR of 19.9% from 2023 to 2033.
- South Korea is estimated to expand considerably registering a CAGR of 19.4% until 2033.
- Based on sensor type, the image sensors segment is projected to dominate the market, registering a CAGR of 18.8%.
- Based on end users, the defense segment is likely to lead the market, exhibiting a CAGR of 18.7%.
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Competitive Landscape:
Drone sensor market players provide a wide range of distinctive and fascinating drone sensor options. The options include image sensors, position sensors, current sensors, inertial sensors, speed and distance sensors, and others. These firms are also using several strategies, including signing strategic alliances and securing government and defense contracts, to increase the scope of their products.
Key Players:
- DJI
- FLIR Systems
- TE Connectivity
- Raytheon Company
- Trimble Inc.
- Parker Hannifin Corp
- TDK InvenSense
Recent Developments:
- Aquiline Drones, a UAV manufacturer located in Hartford, announced a licensing arrangement with Drone Volt, a French sensor manufacturer, in October 2020. The partnership intends to give the company access to production and distribution facilities across the United States.
- The ICM-42622 6-axis motion sensor, an improved sensor for 6-axis IMUs, was introduced by TDK Company in January 2019. It has several benefits, including the capacity to sample data quickly, improved gyroscope temperature stability, reduced gyroscope, and accelerometer noise, etc.
Drone Sensor Market Segmentation:
By Sensor Type:
- Inertial Sensors
- Image Sensors
- Speed and Distance Sensors
- Position Sensors
- Pressure Sensors
- Current Sensors
- Ultrasonic Sensors
- Light Sensors
- Altimeter Sensors
- Flow Sensors
- Others
By End User:
- Energy & Utilities
- Precision Agriculture
- Media & Entertainment
- Defense
- Personal
- Law Enforcement
- Security & Surveillance
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- The Middle East and Africa(MEA)
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Table of Content
1. Executive Summary | Drone Sensor Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.2. Scenario Forecast
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (Unit) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (Unit) Projections, 2023 to 2033
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Sensor Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Unit) Analysis By Sensor Type, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (Unit) Analysis and Forecast By Sensor Type, 2023 to 2033
5.4. Y-o-Y Growth Trend Analysis By Sensor Type, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Sensor Type, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-User
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Unit) Analysis By End-User, 2018 to 2022
Complete TOC with Report preview: https://www.futuremarketinsights.com/reports/drone-sensor-market
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About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.
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