Global Drone Sensor Market Size to worth USD 3.58 Billion by 2033: Market Study Report

Global Drone Sensor Market Size to worth USD 3.58 Billion by 2033

According to a research report published by Spherical Insights & Consulting, The Global Drone Sensor Market Size is Expected to Grow from USD 1.39 Billion in 2023 to USD 3.58 Billion by 2033, at a CAGR of 9.92% during the forecast period 2023-2033.  

Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Drone Sensor Market Size, Share, and COVID-19 Impact Analysis, By Sensor Type (Inertial Sensor, Image Sensor, Position Sensor, Current Sensor, and Others), By Platform Type (VTOL, Fixed-Wing, and Hybrid), By Application (Navigation, Data Acquisition, Motion Detection, Air Pressure Measurement, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.   

Drone sensor refers to the components that enable drones to perform a variety of functions, such as navigation, imaging, environmental monitoring, precision agriculture, and remote sensing & geology. The increased funding for the development of drones, UAVs, and related technologies is providing lucrative market growth opportunities for drone sensor. Further, the utilization of funds in delivering essential medicines and supplies to rural areas offers a market growth opportunity. The increasing demand for high-resolution imaging and accurate positioning of locations is driving the market. Sensors with increased precision, dependability, and real-time data processing are increasingly indispensable as enterprises look for better data collection capabilities. On the contrary, the establishment of stringent regulations that govern drones and their related technologies is challenging the drone sensor market.

The image sensors segment dominated the market with the largest market share in 2023.

Based on the sensor type, the global drone sensor market is divided into inertial sensor, image sensor, position sensor, current sensor, and others. Among these, the image sensors segment dominated the market with the largest market share in 2023. The incorporation of AI and ML in image sensors is capable of making real-time decisions as these technologies enable drones to analyze images as they are captured, identify objects, track movements, and even predict behaviour.

The VTOL segment accounted for the largest revenue share of the global drone sensor market in 2023.

Based on the platform type, the global drone sensor market is divided into VTOL, fixed-wing, and hybrid. Among these, the VTOL segment accounted for the largest revenue share of the global drone sensor market in 2023. Because VTOL (vertical take-off and landing) drones have two flying modes, they require complex navigation and control systems. More sophisticated sensors, including GPS, barometers, and IMUs, are being developed to guarantee accurate transitions between vertical and horizontal flight.

The navigation segment is anticipated to hold the largest market share during the forecast period.

Based on the application, the global drone sensor market is divided into navigation, data acquisition, motion detection, air pressure measurement, and others. Among these, the navigation segment is anticipated to hold the largest market share during the forecast period. The incorporation of multiple sensors such as inertial measurement units (IMUs), magnetometers, and barometers is propelling the market growth in the navigation segment.

North America is projected to hold the largest share of the global drone sensor market over the forecast period.

North America is projected to hold the largest share of the global drone sensor market over the forecast period. The application of drones in diverse sectors including infrastructure, agriculture, transport, entertainment, security, and insurance is driving the market. Further, the technological strides and accommodation of a range of sensor payloads are propelling the market growth. In addition, the utilization of drones in military and defense applications and precision agriculture are contributing to promoting the market demand.

Asia Pacific is predicted to grow at the fastest CAGR in the drone sensor market over the forecast period. The creation of cutting-edge drone hardware and software that integrates technology to minimize human labor in tasks like aerial surveying, construction, and mining is contributing to propelling the market. Further, the increased need for drone sensors in the defense and precision agriculture end-user industries is driving the market.

Company Profiling

Major key players in the drone sensor market include ams-OSRAM AG, Bosch Sensortec GmbH, InvenSense, KVH Industries, Inc., LeddarTech Holdings Inc., RTX, Sentera, Sony Semiconductor Solutions Group, Sparton, TE Connectivity, Teledyne FLIR LLC, Trimble Inc., and Others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In April 2024, TDK Corporation announced the full distribution availability of its InvenSense SmartSonic ICU-10201 ultrasonic time-of-flight (ToF) sensor with on-chip processing, enabling the design of high-performance, low-power IoT and robotics products.

• In June 2023, the US Army awarded RTX, known as Raytheon Technologies, a $118-million contract to deliver a Common Sensor Payload (CSP) for the MQ-1C Gray Eagle drone. The CSP is an “electro-optical/infrared/laser designator sensor,” providing “battlespace awareness, force protection, and net-centric operations.”

• In February 2023, Teledyne FLIR Defense, part of Teledyne Technologies Incorporated, announced that it has been awarded a $13.3 million contract by the U.S. Department of Defense to further expand the capabilities of its R80D SkyRaider unmanned aerial system to autonomously perform chemical, biological, radiological and nuclear (CBRN) reconnaissance missions.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global drone sensor market based on the below-mentioned segments:

Global Drone Sensor Market, By Sensor Type

• Inertial Sensor
• Image Sensor
• Position Sensor
• Current Sensor
• Others

Global Drone Sensor Market, By Platform Type

• VTOL
• Fixed-Wing
• Hybrid

Global Drone Sensor Market, By Application

• Navigation
• Data Acquisition
• Motion Detection
• Air Pressure Measurement
• Others

Global Drone Sensor Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of Middle East & Africa