Drone Sensor Market by Type and Geography - Forecast and Analysis 2022-2026

Published: Jun 2022

Pages: 131

SKU: IRTNTR73780

Snapshot

The drone sensor market share is expected to increase to USD 584.83 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 15.66%.

This drone sensor market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers drone sensor market segmentation by type (inertial sensors, flow sensors, and others) and geography (North America, APAC, Europe, Middle East and Africa, and South America). The drone sensor market report also 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. among others.

What will the Drone Sensor Market Size be During the Forecast Period?

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Drone Sensor Market: Key Drivers, Trends, and Challenges

The advancement in sensors and the emergence of low-cost drones is notably driving the drone sensor market growth, although factors such as safety and privacy issues may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the drone sensor industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Drone Sensor Market Driver

One of the key factors driving the global drone sensor industry growth is the advancement in sensors and the emergence of low-cost drones that are equipped with GPS, inertial, and image sensors.
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.
In April 2022, SZ DJI Technology Co., Ltd. (DJI) announced the development of the Drone Pro 4k.
The product has the latest generation of its compact camera drone with gravity sensors. The advancements in the sensors will further propel the market growth during the forecast period.

Key Drone Sensor Market Trend

Improvement in photogrammetry and thermal imaging is one of the key drone sensor market trends that is expected to impact the industry positively in the forecast period.
The end-users are expected to invest in drone sensors to capitalize on capabilities such as photogrammetry.
PrecisionHawk, Inc. (PrecisionHawk), a major vendor in the market, has added more sensors to its existing product line, which will be offered as optional add-ons to its drone data packages that feature drone hardware from DJI, including DJI M100 and M600.
The improvements in thermal imaging technologies that use a long-infrared range of the electromagnetic spectrum for better detection of humans and warm-blooded animals.
The surging demand for high-quality photogrammetry and thermal imaging features in drones is expected to drive the growth of the market in the forecast years.

Key Drone Sensor Market Challenge

One of the key challenges to the global drone sensor industry growth is the safety and privacy issues.
The introduction of new and complex technological innovations in the product has often led to product failures and quality issues.
The possibility of drone malfunctions, errors, and possibilities of collisions has increased the risk of property damages and personal injuries.
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.

This drone sensor market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global drone sensor market as a part of the global electronic equipment and instruments market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the drone sensor market during the forecast period.

Who are the Major Drone Sensor Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

This statistical study of the drone sensor market encompasses successful business strategies deployed by the key vendors. The drone sensor market is fragmented and the vendors are deploying growth strategies such as technological innovation to compete in the market.

Product Insights and News

ams AG - The company offers drone sensors that enable highly accurate distance measurement and 3D mapping and imaging.
Emcore Corp. - The company offers drone sensors for accurate and economical guidance, navigation, and inertial sensing in a wide variety of applications.

To make the most of the opportunities and recover from post COVID-19 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 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.

Drone Sensor Market Value Chain Analysis

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 end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Drone Sensor Market?

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39% of the market's growth will originate from North America during the forecast period. The US is the key market for drone sensors in North America. 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. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 was one of the key factors driving the demand for drone sensors in the region in 2020. The number of COVID-19 cases increased exponentially at the beginning of 2020. This, in turn, boosted the demand for drones in the region. For instance, on January 20, 2021, Drone Delivery Canada Corp. announced an update on drone projects related to the healthcare industry, including hospitals, senior citizen homes, medical labs, and related organizations, for user case applications, for drone deliveries related to equipment, medical devices, and vaccines for COVID-19. Such factors are expected to propel the growth of the regional drone sensor market during the forecast period.

What are the Revenue-generating Type Segments in the Drone Sensor Market?

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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.

This report provides an accurate prediction of the contribution of all the segments to the growth of the drone sensor market size and actionable market insights on post COVID-19 impact on each segment.

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
Key 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 recovery analysis and future consumer dynamics, Market condition analysis for 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.

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What are the Key Data Covered in this Drone Sensor Market Report?

CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will drive drone sensor market growth during the next five years
Precise estimation of the drone sensor market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the drone sensor industry across North America, APAC, Europe, Middle East and Africa, and South America
A thorough analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of drone sensor market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Table of Contents

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

demand for POS terminals: With the rising popularity of card-based payments, POS terminals are being deployed by the business of all sizes from big retail chains and hotels to restaurants and pop-up stores. The demand for POS terminals is driven by increased consumer awareness toward EMV standards as a large number of people are now capable of cashless transactions through EMV cards. Moreover, the commercial introduction of sophisticated technologies like near-field communication (NFC) and magnetic secure technology (MST) and the growing adoption of Internet of Things (IoT) devices are leading the customers to shift from cashless transactions to contactless transactions. Due to the growing trend toward contactless transactions, the market is witnessing a growing deployment of contactless POS terminals. Further, this deployment is driven by the increased preference for mPOS terminals. The demand for these mPOS terminals is driven by the need for portable POS terminals from SMEs, food trucks, pop-up stores, and sales traders.

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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