According MarketsandMarkets’ report, “Drone Sensor Market by Sensor Type, Platform Type, Application, End-User Industry, and Geography - Global Forecast to 2023”, the market for drone sensors is expected to grow from $345.7 million in 2018 to $1,007.6 million by 2023, at a CAGR of 23.86% between 2018 and 2023. Factors driving growth include the need for higher resolution imaging, more accurate positioning, increased crop vigor analysis for precision farming, and growing demand for drones from the commercial and logistic sectors for payload delivery.
- Defense industry to account for the large size of the drone sensor market between 2018 and 2023
- Market for drone sensors for hybrid platform to grow at high CAGR between 2018 and 2023
- North America expected to hold largest share of drone sensor market between 2018 and 2023
- Trimble (US), Bosch Sensortec (Germany), TDK InvenSense (Japan), Sparton NavEx (US), and Raytheon (US) are among the major players in the drone sensor market.
- More info.
Need to know more about the drone sensor market? Then browse the “Drone Sensor Market - Global Forecast to 2023” report.