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Market Overview of Global Drone Sensor market:
According to our latest research, the global Drone Sensor market looks promising in the next 5 years. As of 2022, the global Drone Sensor market was estimated at USD 607.12 million, and it's anticipated to reach USD 1868.75 million in 2028, with a CAGR of 20.61% during the forecast years.
A drone sensor can be defined as a system that is able to determine changes that occur in terms of physical or electrical variations as well as other quantities. The sensor is then able to acknowledge this variation in the drone and act accordingly in order to ensure the proper functioning of the drone. There are various applications by which these drone sensors can be utilized such as in air pressure measurement, collision detection and avoidance, navigation of the drone, data acquisition, motion detection, power monitoring, and more.
As the technology behind unmanned air vehicles (UAVs), or drones, continues to improve, the application of these highly versatile devices has expanded to almost every industry. For example, the use of drones has already proven successful in surveying and mapping large areas, inspecting a number of different industries including solar parks and energy plants, acquiring 360° spherical panoramic images for advertising, real estate and construction, monitoring plant and wildlife conservations, and much more. To further improve the sensitivity of drones in capturing specific aspects of some of the aforementioned applications, as well as improve the ability of drones to maneuver around difficult to reach locations, a variety of different sensors have been incorporated into these devices.
Hacking problem
Drones are hackable. Due to the hacking issue, the growth of the market is hampering. We live in an age of hackers. Whether it's yanking payment and credit card information from large retailers, pilfering personnel information from the U.S. government or snatching a treasure trove of juicy emails, salary information and unreleased films from Sony Pictures, the black hats are out there and they're trying to get in. Everything is a potential target, and that includes drones. Hackers have developed malware designed to infiltrate and overtake the small quadcopters that you might find hovering around your local park or eventually dropping off your Amazon packages. They've also come up with a way to bring down the high-powered unmanned aerial vehicles increasingly employed by military forces.
Stiff competition
With major manufacturers and suppliers in the drone sensor industry competing at globally, the intensity of competition within the drone sensor industry has increased. The vendors adopt strategies like price premiums to stay competitive in the market. Meanwhile, the local vendors in developing nations are providing tough competition to the global players based on product pricing. The fierce competition is not conducive to the sustainable development of the industry. At the same time, small companies or small retailers enter the business consequently as venturing into a drone sensor business does not require immense capital or investment. However, this leads to the proliferation of sub-standard or duplicate products which then hampers the competitive scenario in the market as established drone sensor manufacturers are compelled to lower the price of their products, which ultimately impacts their profit margins and sales volumes.
Region Overview:
From 2023-2028, North America is estimated to witness robust growth prospects.
Company Overview:
TE Connectivity is one of the major players operating in the Drone Sensor market, holding a share of 10.51% in 2023.
TE Connectivity
Solutions that power electric vehicles, aircraft, digital factories, and smart homes. Innovation that enables life-saving medical care, sustainable communities, efficient utility networks, and the global communications infrastructure. TE Connectivity has partnered with customers to produce highly engineered connectivity and sensing products that make a connected world possible.
TDK Invensense
InvenSense, a TDK Group Company, is a world leading provider of MEMS sensor platforms found in Mobile, Wearables, Smart Home, Industrial, and Automotive products. The company's patented Fabrication Platform, MotionFusion® technology, audio solutions, and location software and services address the emerging need of many mass-market consumer applications via improved performance, accuracy, and intuitive motion-, gesture- sound-, and ultrasonic 3D- based interfaces.
Segmentation Overview:
By type, Image Sensors segment accounted for the largest share of market in 2022.
Application Overview:
By application, the Motion Detection segment occupied the biggest share from 2018 to 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Drone Sensor market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Drone Sensor Market Report:
Market Size Estimates: Drone Sensor market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Drone Sensor market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Drone Sensor market
Segment Market Analysis: Drone Sensor market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Drone Sensor market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Drone Sensor Market: Revenue and sales volume of major countries in each region
Drone Sensor Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Drone Sensor market in major regions.
Drone Sensor Industry Value Chain: Drone Sensor market raw materials & suppliers, manufacturing process, distributors, downstream customers
Drone Sensor Industry News, Policies & Regulations
Key players in the global Drone Sensor market are covered in Chapter 12:
Sony Semiconductor Solutions Group
Sparton Corporation
LORD Sensing Systems
TDK Invensense
Bosch Sensortec
Infineon Technologies AG
KVH Industries, Inc.
Analog Devices
Velodyne LiDAR
Sentera, Inc.
TE Connectivity
In Chapter 2 and Chapter 15.1, based on types, the Drone Sensor market from 2018 to 2028 is primarily split into:
Speed and Distance Sensors
Inertial Sensors
Light Sensors
Position Sensors
Image Sensors
Others
In Chapter 3 and Chapter 15.2, based on applications, the Drone Sensor market from 2018 to 2028 covers:
Data Acquisition
Power Monitoring
Navigation
Air Pressure Measurement
Motion Detection
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Drone Sensor market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028