Market Research Future (MRFR) highlights the global Drone Sensor Market is slated to cross USD 934.4 million by the end of the forecast period at a CAGR of 25.86%. The global drone sensor market was valued at USD 252.6 million in 2017.
Market Overview
Drones are now an integral part of the defense and civil applications, which has increased the demands for drones with advanced features. Drones are capable of collecting real-time data with high precision, which makes them an active part of the industries like traffic management, agriculture, defense, and others. Sensors help record any unnatural change in the electrical or physical conditions with maximum accuracy and immediately send the data to the server for processing, which makes it time-efficient.
This feature ensures the proper functioning of the drone and saves it from any accidents during the operation. These sensors are placed for collecting the outside data and observing the health of the drone. The rapid developments in artificial intelligence (AI) have guided the market towards secure and stable futures, growing at lightning speeds. The companies invest in research & development programs to unfold the new aspects, imposing an extra load on the market and helping the market gain accelerated speeds.
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Key players
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.
Market Division
The global drone sensor market is segmented into classes as follows:
By Sensors Type: The global drone sensor market is categorized into position sensors, light sensors, image sensors, and others based on product types.
By Platform Type: The global drone sensor market is divided into vertical take-off and landing (VTOL), fixed, and hybrid based on types of platforms.
By End-users: The global drone sensor market is divided among defense, construction, agriculture, law enforcement, and others based on end-users.
Regional Classification
The drone sensor market has gained global adoption due to a rise in demands for next-gen surveillance methods, increasing the adoption of better technologies, and increasing applications. The Asia Pacific, North America, Europe, and the rest of the world are the major market studies for the global drone sensor market. The North America region is leading the market due to the presence of key manufacturers, large production capacities, rapid research & development programs, and other factors. The Asia Pacific region will grow at the fastest rate due to the vast population covers, rapid urbanization, rise in disposable incomes, growing awareness, increasing defense budgets, demand for better technologies, and other factors with India and China among the major contributors in consumption and production capacities.
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Major Highlights of TOC Covers:
Executive Summary
Key Business Trends
Regional Trends and Growth
Product Trends
End-use Trends
Definition and Forecast Parameters
Market Segmentation
Market Landscape
Vendor Matrix
Continued...…
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