A recent report published by Infinium Global Research on drone sensor market provides in-depth analysis of segments and sub-segments in the global as well as regional drone sensor market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional drone sensor market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global drone sensor market. According to the report, the global drone sensor market is projected to grow at a CAGR of 8.5% over the forecast period of 2019-2025.
Drones are unmanned flying machines that are been used in various fields owing to their effectiveness. Apart from the mechanical constituents which help a drone to produce lift and maneuver in mid-air, drones are also loaded with an array of sensors that are designed to constantly collect information from their surroundings. With this collective input of the information, drones can correct their positions, manage their airspeed and avoid obstacles.
Growing application of the drones in various sectors is one of the major factor driving the growth of the drone sensor market. Drones are proven to be useful in the military operations, traffic controls, and area monitoring, for such purposes different types of sensors are been used that in turn boosting the demand sensor market. Furthermore, increased sensors reliability, the betterment of the accuracy and navigation contributing to the growth of the drone sensor market. On the side, the high prices associated with sensors can hamper the market. However, despite the high price demand for drones is increasing in the various filed that would provide a better opportunity for the market in the forecast period.
Based on the region, drone sensor market is categorized into North America, Europe, Asia- Pacific, and RoW. North America is anticipated to grow with the highest rate in the forecast period. The growing use of drones to media sectors, weather department and military for the area monitoring are boosting the growth of the drone sensor market in this region. Europe is estimated to be on the second position in the global market followed by Asia-Pacific rising adoption of drones in agriculture, traffic management and increasing research activity for the advance drone design is fueling the growth of the market in these regions.
The report on global drone sensor market covers segments such as sensor type, and application. On the basis of sensor type, the sub-markets include image sensors, current sensors, pressure sensors, speed and distance sensors, position sensors, inertial sensors, ultrasonic sensors, altimeter sensors, light sensors, and other sensor types. On the basis of application, the sub-markets include data acquisition, air pressure measurement, collision detection and avoidance, power monitoring, motion detection, navigation, and other applications.
The report provides profiles of the companies in the market such as Trimble, Bosch Sensortec, TDK InvenSense, Sparton NavEx, Raytheon, ams AG, and Systron Donner Inertial.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of drone sensor market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.