USD 584.83 million Growth in Drone Sensor Market Due to Advancement in Sensors and the Emergence of Low-cost Drones – Technavio

NEW YORK, Aug. 29, 2022 /PRNewswire/ — The latest market analysis report titled Drone Sensor Market by Type and Geography – Forecast and Analysis 2022-2026 has been added to Technavio’s catalog. The report predicts the market to witness an accelerating growth momentum at a CAGR of 15.66% during the forecast period with a potential growth variance of USD 584.83 million from 2021 to 2026. The analysts at Technavio have categorized the global drone sensor market as a part of the global electronic equipment and instruments market. Our report provides extensive information on the value chain analysis for the drone sensor market, which vendors can leverage to gain a competitive advantage during the forecast period. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Get Scope and Value Chain Analysis Highlights as you Read our FREE Sample Report

“One of the primary growth drivers for this market is the advancement in sensors and the emergence of low-cost drones.” confirms a senior analyst for the industrial sector at Technavio. The decline in the prices of sensors will lead to the emergence of more consumer drones. The hobbyist segment is relatively less price-sensitive and opts for high-cost drones with features and properties similar to commercial drones. Vendors are introducing drones at lower price points, less than USD 50. Advantages such as no requirement of registration from FAA, 720p HD cameras with satisfactory stability, and compatibility with VR headsets are major factors that will increase the demand among consumers.

However, one of the key challenges to the global drone sensor industry growth is the safety and privacy issues. Drones also pose a significant danger to aircraft as they can be sucked into the turbines of aircraft if there is a proximity between them, causing significant damage to the propulsion systems. The drones could be hijacked by tampering with the frequency-hopping sensors used in devices that use radio communications. The safety and privacy concerns related to drones are expected to hamper the growth of the market in focus during the forecast period.

For more Key market dynamics and their impact analysis, View PDF Sample Report

Drone Sensor Market Segment Highlights

  • The drone sensor market is segmented by type into inertial sensors, flow sensors, and others.
  • The drone sensor market share growth in the inertial sensor segment will be significant during the forecast period.
  • The inertial sensor for drones is also known as the inertial navigation system.
  • The inertial sensor helps in transducing the inertial force into measurable electrical signals to measure the acceleration, vibration, and inclination of the object.
  • The major driving factors for inertial sensors are micron-sized, low-cost, high performance, high precision, and small form-factor. It can be easily stabilized into drones and is widely used in military and aerospace applications. 

Drone Sensor Market Regional Analysis

  • The market is segmented by Geography into North America, APAC, Europe, Middle East and Africa, and South America
  • 39% of the market’s growth will originate from North America during the forecast period with the US emerging as the key market for drone sensors.
  • Market growth in this region will be faster than the growth of the market in other regions.
  • The adoption of consumer drones in aerial photography over the years has led to the emergence of events, such as drone racing leagues, which will facilitate the drone sensor market growth in North America over the forecast period. 
  • China, Japan, Germany, and the UK are other prominent revenue-generating economies for the drone sensor market

Know about Detailed Segment-wise Analysis and Regional Insights as you Request for Sample Report

Drone Sensor Market Vendor Analysis:

  • The drone sensor market is fragmented and the vendors are deploying growth strategies such as technological innovation to compete in the market. This statistical study of the drone sensor market encompasses successful business strategies deployed by the key vendors.
  • The drone sensor market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
  • To make the most of the opportunities and recover from the pandemic impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
  • The research report offers information on several market vendors, including ams AG, Emcore Corp., GEOSYSTEMS France SAS, KVH Industries Inc., LeddarTech Inc., Parker Hannifin Corp., PrecisionHawk Inc., Raytheon Technologies Corp., Robert Bosch GmbH, SBG Systems SAS, Sensirion AG, Sentera Inc., SlantRange Inc., Sony Group Corp., Swift Navigation Inc., TDK Corp., TE Connectivity Ltd., Teledyne Technologies Inc., Trimble Inc., Velodyne Lidar Inc., and Yost Labs Inc.
  • Companies are launching innovative solutions and services to garner a competitive edge in the market. For instance, ams AG offers drone sensors that enable highly accurate distance measurement and 3D mapping and imaging. Emcore Corp. offers drone sensors for accurate and economical guidance, navigation, and inertial sensing in a wide variety of applications.

Want to know more about vendor-specific product offerings, Grab your Sample Report PDF Copy

Drone Sensor Market FAQs

  • Which is the latest market trend taking the market by the storm?
  • What are some of the most influential market drivers, restraints, and opportunities (DROs)?
  • What are the historical and projected revenue values and CAGR percentage?
  • Which strategic initiatives will influence competitive scenarios and define the market growth potential?
  • Which regions & segments will garner massive revenue and emerge as market leaders in upcoming years?
  • Who are the top market share contributors and their latest organizational restructuring plans?

Got more Queries? Have all your questions answered with this Sample PDF Report

Related Reports:

Small Drones Market by Type and Geography – Forecast and Analysis 2022-2026

Consumer Drones Market by Distribution Channel, Product, and Geography – Forecast and Analysis 2022-2026

Drone Market by Application and Geography – Forecast and Analysis 2021-2025

Tethered Drones Market by End-user and Geography – Forecast and Analysis 2020-2024

Drone Sensor Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 15.66%

Market growth 2022-2026

$ 584.83 million

Market structure

Fragmented

YoY growth (%)

11.72

Regional analysis

North America, APAC, Europe, Middle East and Africa, and South America

Performing market contribution

North America at 39%

Key consumer countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

ams AG, Emcore Corp., GEOSYSTEMS France SAS, KVH Industries Inc., LeddarTech Inc., Parker Hannifin Corp., PrecisionHawk Inc., Raytheon Technologies Corp., Robert Bosch GmbH, SBG Systems SAS, Sensirion AG, Sentera Inc., SlantRange Inc., Sony Group Corp., Swift Navigation Inc., TDK Corp., TE Connectivity Ltd., Teledyne Technologies Inc., Trimble Inc., Velodyne Lidar Inc., and Yost Labs Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Content

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
  • 3.4 Market outlook: Forecast for 2021-2026
    • Exhibit 13: Chart on Global – Market size and forecast 2021-2026 ($ million)
    • Exhibit 14: Data Table on Global – Market size and forecast 2021-2026 ($ million)
    • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 17: Five forces analysis – Comparison between 2021 and 2026
  • 4.2 Bargaining power of buyers
    • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
  • 4.3 Bargaining power of suppliers
    • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants
    • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes
    • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry
    • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition
    • Exhibit 23: Chart on Market condition – Five forces 2021 and 2026

5 Market Segmentation by Type

  • 5.1 Market segments
    • Exhibit 24: Chart on Type – Market share 2021-2026 (%)
    • Exhibit 25: Data Table on Type – Market share 2021-2026 (%)
  • 5.2 Comparison by Type
    • Exhibit 26: Chart on Comparison by Type
    • Exhibit 27: Data Table on Comparison by Type
  • 5.3 Inertial Sensors – Market size and forecast 2021-2026
    • Exhibit 28: Chart on Inertial Sensors – Market size and forecast 2021-2026 ($ million)
    • Exhibit 29: Data Table on Inertial Sensors – Market size and forecast 2021-2026 ($ million)
    • Exhibit 30: Chart on Inertial Sensors – Year-over-year growth 2021-2026 (%)
    • Exhibit 31: Data Table on Inertial Sensors – Year-over-year growth 2021-2026 (%)
  • 5.4 Flow Sensors – Market size and forecast 2021-2026
    • Exhibit 32: Chart on Flow Sensors – Market size and forecast 2021-2026 ($ million)
    • Exhibit 33: Data Table on Flow Sensors – Market size and forecast 2021-2026 ($ million)
    • Exhibit 34: Chart on Flow Sensors – Year-over-year growth 2021-2026 (%)
    • Exhibit 35: Data Table on Flow Sensors – Year-over-year growth 2021-2026 (%)
  • 5.5 Others – Market size and forecast 2021-2026
    • Exhibit 36: Chart on Others – Market size and forecast 2021-2026 ($ million)
    • Exhibit 37: Data Table on Others – Market size and forecast 2021-2026 ($ million)
    • Exhibit 38: Chart on Others – Year-over-year growth 2021-2026 (%)
    • Exhibit 39: Data Table on Others – Year-over-year growth 2021-2026 (%)
  • 5.6 Market opportunity by Type
    • Exhibit 40: Market opportunity by Type ($ million)

6 Customer Landscape

  • 6.1 Customer landscape overview
    • Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

  • 7.1 Geographic segmentation
    • Exhibit 42: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparison
    • Exhibit 44: Chart on Geographic comparison
    • Exhibit 45: Data Table on Geographic comparison
  • 7.3 North America – Market size and forecast 2021-2026
    • Exhibit 46: Chart on North America – Market size and forecast 2021-2026 ($ million)
    • Exhibit 47: Data Table on North America – Market size and forecast 2021-2026 ($ million)
    • Exhibit 48: Chart on North America – Year-over-year growth 2021-2026 (%)
    • Exhibit 49: Data Table on North America – Year-over-year growth 2021-2026 (%)
  • 7.4 APAC – Market size and forecast 2021-2026
    • Exhibit 50: Chart on APAC – Market size and forecast 2021-2026 ($ million)
    • Exhibit 51: Data Table on APAC – Market size and forecast 2021-2026 ($ million)
    • Exhibit 52: Chart on APAC – Year-over-year growth 2021-2026 (%)
    • Exhibit 53: Data Table on APAC – Year-over-year growth 2021-2026 (%)
  • 7.5 Europe – Market size and forecast 2021-2026
    • Exhibit 54: Chart on Europe – Market size and forecast 2021-2026 ($ million)
    • Exhibit 55: Data Table on Europe – Market size and forecast 2021-2026 ($ million)
    • Exhibit 56: Chart on Europe – Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on Europe – Year-over-year growth 2021-2026 (%)
  • 7.6 Middle East and Africa – Market size and forecast 2021-2026
    • Exhibit 58: Chart on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
    • Exhibit 59: Data Table on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
    • Exhibit 60: Chart on Middle East and Africa – Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on Middle East and Africa – Year-over-year growth 2021-2026 (%)
  • 7.7 South America – Market size and forecast 2021-2026
    • Exhibit 62: Chart on South America – Market size and forecast 2021-2026 ($ million)
    • Exhibit 63: Data Table on South America – Market size and forecast 2021-2026 ($ million)
    • Exhibit 64: Chart on South America – Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on South America – Year-over-year growth 2021-2026 (%)
  • 7.8 US – Market size and forecast 2021-2026
    • Exhibit 66: Chart on US – Market size and forecast 2021-2026 ($ million)
    • Exhibit 67: Data Table on US – Market size and forecast 2021-2026 ($ million)
    • Exhibit 68: Chart on US – Year-over-year growth 2021-2026 (%)
    • Exhibit 69: Data Table on US – Year-over-year growth 2021-2026 (%)
  • 7.9 China – Market size and forecast 2021-2026
    • Exhibit 70: Chart on China – Market size and forecast 2021-2026 ($ million)
    • Exhibit 71: Data Table on China – Market size and forecast 2021-2026 ($ million)
    • Exhibit 72: Chart on China – Year-over-year growth 2021-2026 (%)
    • Exhibit 73: Data Table on China – Year-over-year growth 2021-2026 (%)
  • 7.10 Germany – Market size and forecast 2021-2026
    • Exhibit 74: Chart on Germany – Market size and forecast 2021-2026 ($ million)
    • Exhibit 75: Data Table on Germany – Market size and forecast 2021-2026 ($ million)
    • Exhibit 76: Chart on Germany – Year-over-year growth 2021-2026 (%)
    • Exhibit 77: Data Table on Germany – Year-over-year growth 2021-2026 (%)
  • 7.11 Japan – Market size and forecast 2021-2026
    • Exhibit 78: Chart on Japan – Market size and forecast 2021-2026 ($ million)
    • Exhibit 79: Data Table on Japan – Market size and forecast 2021-2026 ($ million)
    • Exhibit 80: Chart on Japan – Year-over-year growth 2021-2026 (%)
    • Exhibit 81: Data Table on Japan – Year-over-year growth 2021-2026 (%)
  • 7.12 UK – Market size and forecast 2021-2026
    • Exhibit 82: Chart on UK – Market size and forecast 2021-2026 ($ million)
    • Exhibit 83: Data Table on UK – Market size and forecast 2021-2026 ($ million)
    • Exhibit 84: Chart on UK – Year-over-year growth 2021-2026 (%)
    • Exhibit 85: Data Table on UK – Year-over-year growth 2021-2026 (%)
  • 7.13 Market opportunity by geography
    • Exhibit 86: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
  • 8.3 Impact of drivers and challenges
    • Exhibit 87: Impact of drivers and challenges in 2021 and 2026
  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview
  • 9.2 Vendor landscape
    • Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption
    • Exhibit 89: Overview on factors of disruption
  • 9.4 Industry risks
    • Exhibit 90: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered
    • Exhibit 91: Vendors covered
  • 10.2 Market positioning of vendors
    • Exhibit 92: Matrix on vendor position and classification
  • 10.3 ams AG
    • Exhibit 93: ams AG – Overview
    • Exhibit 94: ams AG – Business segments
    • Exhibit 95: ams AG – Key news
    • Exhibit 96: ams AG – Key offerings
    • Exhibit 97: ams AG – Segment focus
  • 10.4 Emcore Corp.
    • Exhibit 98: Emcore Corp. – Overview
    • Exhibit 99: Emcore Corp. – Business segments
    • Exhibit 100: Emcore Corp. – Key news
    • Exhibit 101: Emcore Corp. – Key offerings
    • Exhibit 102: Emcore Corp. – Segment focus
  • 10.5 KVH Industries Inc.
    • Exhibit 103: KVH Industries Inc. – Overview
    • Exhibit 104: KVH Industries Inc. – Business segments
    • Exhibit 105: KVH Industries Inc. – Key offerings
    • Exhibit 106: KVH Industries Inc. – Segment focus
  • 10.6 Parker Hannifin Corp.
    • Exhibit 107: Parker Hannifin Corp. – Overview
    • Exhibit 108: Parker Hannifin Corp. – Business segments
    • Exhibit 109: Parker Hannifin Corp. – Key news
    • Exhibit 110: Parker Hannifin Corp. – Key offerings
    • Exhibit 111: Parker Hannifin Corp. – Segment focus
  • 10.7 Raytheon Technologies Corp.
    • Exhibit 112: Raytheon Technologies Corp. – Overview
    • Exhibit 113: Raytheon Technologies Corp. – Business segments
    • Exhibit 114: Raytheon Technologies Corp. – Key news
    • Exhibit 115: Raytheon Technologies Corp. – Key offerings
    • Exhibit 116: Raytheon Technologies Corp. – Segment focus
  • 10.8 Robert Bosch GmbH
    • Exhibit 117: Robert Bosch GmbH – Overview
    • Exhibit 118: Robert Bosch GmbH – Business segments
    • Exhibit 119: Robert Bosch GmbH – Key news
    • Exhibit 120: Robert Bosch GmbH – Key offerings
    • Exhibit 121: Robert Bosch GmbH – Segment focus
  • 10.9 TDK Corp.
    • Exhibit 122: TDK Corp. – Overview
    • Exhibit 123: TDK Corp. – Business segments
    • Exhibit 124: TDK Corp. – Key news
    • Exhibit 125: TDK Corp. – Key offerings
    • Exhibit 126: TDK Corp. – Segment focus
  • 10.10 TE Connectivity Ltd.
    • Exhibit 127: TE Connectivity Ltd. – Overview
    • Exhibit 128: TE Connectivity Ltd. – Business segments
    • Exhibit 129: TE Connectivity Ltd. – Key offerings
    • Exhibit 130: TE Connectivity Ltd. – Segment focus
  • 10.11 Teledyne Technologies Inc.
    • Exhibit 131: Teledyne Technologies Inc. – Overview
    • Exhibit 132: Teledyne Technologies Inc. – Business segments
    • Exhibit 133: Teledyne Technologies Inc. – Key news
    • Exhibit 134: Teledyne Technologies Inc. – Key offerings
    • Exhibit 135: Teledyne Technologies Inc. – Segment focus
  • 10.12 Trimble Inc.
    • Exhibit 136: Trimble Inc. – Overview
    • Exhibit 137: Trimble Inc. – Business segments
    • Exhibit 138: Trimble Inc. – Key offerings
    • Exhibit 139: Trimble Inc. – Segment focus

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Inclusions and exclusions checklist
    • Exhibit 140: Inclusions checklist
    • Exhibit 141: Exclusions checklist
  • 11.3 Currency conversion rates for US$
    • Exhibit 142: Currency conversion rates for US$
  • 11.4 Research methodology
    • Exhibit 143: Research methodology
    • Exhibit 144: Validation techniques employed for market sizing
    • Exhibit 145: Information sources
  • 11.5 List of abbreviations
    • Exhibit 146: List of abbreviations
About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/usd-584-83-million-growth-in-drone-sensor-market-due-to-advancement-in-sensors-and-the-emergence-of-low-cost-drones—technavio-301612548.html

SOURCE Technavio

USD 584.83 million Growth in Drone Sensor Market Due to Advancement in Sensors and the Emergence of Low-cost Drones - Technavio WeeklyReviewer

PR Newswire Technology News

Earnings Disclosure

WeeklyReviewer earns primarily through affiliates and ads. We don’t encourage anyone to click on ads for any other purpose but your own. We recommend products and services often for our readers, and through many we will earn commissions through affiliate programs.

WeeklyReviewer earns commissions through affiliates of qualifying products through Amazon Associates, Fiverr Affiliates, Hostgator Affiliates, Namecheap Affiliates, NordVPN Affiliates, Semrush Affiliates, Alibaba Affiliates, Clickfunnels Affiliate, Leadpages Affiliates, Cryptohopper Affiliates, Binance Affiliates and more.

Clicking on links in WeeklyReviewer may or may not provide us commission through any qualifying purchases.

World Reviewer Staff
World Reviewer Staffhttps://weeklyreviewer.com/
The first logical thought has to be "no way". I'm the World Observer! Ill find and share important news all day.

Latest articles

Related articles

WeeklyReviewer