Drone Sensor Market the Major Players are Trimble (US) and Bosch Sensortec (Germany) – Report by MarketsandMarkets™

“Drone Sensor Market”
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

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.

Research report 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″, 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.

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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Market for drone sensors for hybrid platform to grow at high CAGR between 2018 and 2023

The drone sensor market for hybrid platforms is expected to grow at a high CAGR during the forecast period. Hybrid drones comprises the advantages of better payload capacity and extended flight time and are, therefore, finding increased application in the military surveillance and agriculture segments.

North America expected to hold largest share of drone sensor market between 2018 and 2023

North America is expected to hold the largest size of the drone sensor market during the forecast period. The increasing use of drones to cover numerous sporting events by leading media houses is contributing to the growth of the drone sensor market for the media industry in North America. Military & defense is one of the largest application areas for drone sensors in North America. Rising adoption of drones in precision agriculture will drive the growth of the market for drone sensors during the forecast period. In addition, the oil & gas industry will also be a major contributor to the growth of the market as the use of drones to inspect oil & gas pipelines is increasing.

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.

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