Drone sensor market to reach $4 billion by 2032 due to increased demand across sectors.
From GlobeNewswire: 2024-10-02 04:00:00
The drone sensor market is booming, with a value of USD 1.4 billion in 2023 expected to reach USD 4 billion by 2032, driven by commercial sectors like agriculture, construction, and delivery services. Advanced sensors on drones optimize resource usage in agriculture and enable real-time data for construction management.
The defense and military sectors play a significant role in propelling the drone sensor market, with drones being essential for surveillance and reconnaissance. Demand for sophisticated sensors in military operations drives growth, particularly for drones equipped with thermal, night vision, and acoustic sensors for accurate data gathering.
Miniaturization of drone sensors is a key trend, allowing for integration of advanced sensors into smaller drones. This enhances versatility and performance across industries like agriculture and industrial inspections. The obstacle detection and avoidance segment is crucial, experiencing a CAGR exceeding 18% as demand surges for sensors enabling drones to navigate safely through obstacles in various applications.
The VTOL segment in the drone sensor market is poised to generate revenues exceeding USD 1.5 billion by 2032, focusing on drones capable of vertical take-off and landing. These drones utilize specialized sensors for stability and control during vertical maneuvers, making them ideal for urban settings and search-and-rescue missions. North America leads the market, driven by extensive drone adoption in high-value sectors like defense and logistics.
Key players in the drone sensor industry include Teledyne Flir LLC, Trimble Inc., and Bosch Sensortec GmbH. The market research report provides detailed coverage of the industry with revenue estimates from 2021 to 2032, segmented by sensor type, platform type, application, and end-use industry. Global Market Insights Inc. offers in-depth market research and consulting services for strategic decision making in various industries.
Read more at GlobeNewswire: Drone Sensor Market to surpass USD 4 Billion by 2032, Says