DUBLIN--(BUSINESS WIRE)--The "Drone Sensor Market by Sensor Type, Platform Type, Application (Navigation, Collision detection & Avoidance, Data Acquisition, Motion Detection, Air Pressure Measurement), End-User Industry, and Geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The drone sensor market is expected to grow from USD 345.7 million in 2018 to USD 1,007.6 million by 2023, at a CAGR of 23.86% between 2018 and 2023.
Key factors driving the growth of the drone sensor market include the rising need for higher resolution imaging for mapping & surveying and accurate positioning for accurate navigation, increased crop vigor analysis for precision farming, and growing demand for drones from the commercial and logistic sectors for payload delivery. Increased adoption of drones in the defense sector for intelligence, surveillance, and reconnaissance missions is contributing to the growth of the drone sensor market.
Strategies such as product launches and developments, mergers & acquisitions, expansions, agreements, collaborations, joint ventures, and partnerships adopted by market players are fueling the growth of the drone sensor market. However, unclear law pertinent to the drones industry and increasing threat of tampering/hacking of drones are restraining the growth of the market.
Among all applications, the defense industry is expected to account for the largest size of the overall drone sensor market between 2017 and 2023. Increased spending on drones in the defense industry for intelligence, surveillance, and reconnaissance (ISR) missions and for homeland security in the Middle East and APAC will drive the growth of the market for drone sensors during the forecast period.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Drone Sensor Market, By Sensor Type
7 Drone Sensor Market, By Platform Type
8 Drone Sensor Market, By Application
9 Drone Sensor Market, By End-User Industry
10 Drone Sensor Market, By Geography
11 Competitive Landscape
12 Company Profiles
- TE Connectivity
- TDK Invensense
- Sparton Navex
- Bosch Sensortec
- Flir Systems
- KVH Industries
- AMS AG
- Lord Microstrain
- Systron Donner Inertial
- Yost Labs
- SBG Systems
- Velodyne LiDAR
- Sony Semiconductor Solution Corporation
- UTC Aerospace Systems
- Swift Navigation
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