The overall drone sensor market was valued at USD 345.7 million in 2018 and is expected to reach USD 1,007.6 million by 2023, at a CAGR of 23.86% between 2018 and 2023. Growing need for higher resolution imaging for mapping & surveying and accurate positioning for accurate navigation, increased crop vigor analysis for precision farming, and rising demand for drones from the commercial and logistic sectors for payload delivery will drive the growth of the market for drone sensors during the forecast period.
Trimble (US), Bosch Sensortec (Germany), Sensirion (Switzerland), Raytheon (US), and LeddarTech (Canada) are among the major players in the drone sensor market. Product launches and developments, mergers & acquisitions, expansions, agreements, collaborations, joint ventures, and partnerships are some of the key strategies adopted by the players to gain a competitive edge in the market.
Trimble (US) is a leading manufacturer of drone sensors. It offers a wide range of products, which mainly cater to several drones-related applications. The company also offers aerial imaging solutions, such as imaging sensors (multispectral) for agricultural applications. Trimble’s product offerings include sensors, such as GNSS and inertial sensors, for navigational applications. It has adopted product launches and developments as its major business strategies to enhance its market presence. It has launched several products in the past few years; this has helped it enhance its reputation as a leading manufacturer and supplier of drone sensors. Trimble is currently focusing on enhancing its navigation-related product offerings and has launched several sensors and technologies related to GNSS. In May 2015, Trimble launched BD935-INS module that features precision GNSS with an integrated 3D micro-electro-mechanical systems (MEMS) inertial sensor package for accurate GIS data collection. Later, in September 2017, the company developed Trimble Business Center 4.0 geospatial office software to provide complete solution for the delivery of high-quality geospatial information to its customers. It also focuses on new and upcoming technologies and hence, has launched new airborne systems-Trimble AX60i and AX80-to enhance its Airborne LIDAR portfolio.
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Bosch Sensortec (Germany) caters to the growing demand for MEMS-based sensors and related technologies used for automobile, industrial, and autonomous vehicle-related applications. The company offers an extensive portfolio of sensors ideally suited for meeting the specifications required for drone applications. Its offerings include a gyroscope with extremely low output signal drift even under fluctuating temperature conditions. Bosch Sensortec focuses on providing flexible solutions for drone manufacturers and end users. For example, in February 2018, the company introduced a new high-performance barometric pressure MEMS-based drone sensor—BMP388, which is ideally suited for environment sensing and altitude tracking applications.
TDK InvenSense (Japan) is a leading provider of MEMS inertial sensors required for flight control engine, navigation, and imaging subsystem of drones. InvenSense’s motion sensors are used in industrial applications, such as platform and antenna stabilization, precision robotics, inventory control systems, survey instruments, factory equipment, industrial power tools, unmanned aerial vehicles, precision agricultural machinery, construction equipment, and guidance and steering applications. In January 2018, the company launched InvenSense ICP-10100, a MEMS-based capacitive barometric pressure sensor, which offers benefits such as the industry’s lowest pressure noise of 0.4 Pa RMS, lowest power consumption, and excellent temperature stability.
Other major companies operating in the drone sensor market are Lord Microstrain (US), Systron Donner Inertia (US), Velodyne LiDAR (US), ams AG (Austria), Swift Navigation (US).
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
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