#Fixed Wing VTOL UAV Market Share

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The fixed-wing VTOL UAV market size is estimated at USD 842 million in 2022 and is projected to reach USD 4,627 million by 2030, at a CAGR of 23.7% from 2022 to 2030. The rise in the adoption of technologically advanced runwayless unmanned aerial military platforms by defense forces is one of the most significant factors projected to drive the growth of the Fixed-wing VTOL UAV Industry. The increasing adoption of fixed-wing VTOL UAVs in various commercial applications, such as monitoring, surveying & mapping, agriculture, aerial remote sensing, and product delivery, is also contributing to the growth of the market.

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Fixed-wing VTOL UAV Market Size, Share & Revenue Analysis: 2028

Fixed-wing VTOL UAV Market by Vertical (Military, Government & Law Enforcement, Commercial), Propulsion (Electric, Hybrid, Gasoline), Mode of operation (VLOS, EVLOS, BVLOS), Endurance, Range, MTOW, and Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

The Fixed-Wing VTOL UAV Market is projected to reach a CAGR of 18.4% from 2021 to 2028.

Fixed-wing VTOL UAV refers to the fixed-wing vertical take-off and landing (VTOL) unmanned air vehicle (UAV). They are commonly known as drone and are capable of being operated autonomously with any human pilot. A fixed-wing VTOL UAV can hover, take-off, and land vertically like a helicopter with help of rotors. The vehicle is primarily designed for high aerodynamic performance and low take-off weight. Aerodynamics design steps and sizing of both wing and static stability is fulfilled by evaluating the centre of gravity location with respect to the neutral point.

The increasing adoption of fixed-wing VTOL UAVs in various commercial applications, such as monitoring, surveying & mapping, agriculture, aerial remote sensing, product delivery and rise in the adoption of technologically advanced runway less unmanned aerial military platforms by defence forces are some of the factors that have supported long-term expansion for Fixed-wing VTOL UAV Market.

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Regional Analysis

North America is estimated to be the largest market for fixed-wing VTOL UAVs in 2019, followed by Asia Pacific and Europe. This is attributed to the high demand for fixed-wing VTOL UAVs from the US, for applications such as firefighting & disaster management, maritime security, agriculture, product delivery, and inspection & monitoring, among others.

Key Players

Alti UAS

Arcturus UAV, Inc.

Bluebird Aero Systems LTD

Elroy Air Inc.

Lockheed Martin Corporation

Quantum-Systems GmbH

Textron Inc.

Ukrspecsystems

ULC Robotics Inc.

Vertical Technologies Ltd.

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Recent Developments

In 2020, Wingtra announced the release of its new payload – MicaSense Altum, which is useful for agricultural and closely monitoring water stress areas. This payload provides a high-resolution thermal (down to 54 cm or 21 in/px) and multispectral (down to 3.4 cm or 1.3 in/px) imagery.

In 2020, Larsen & Toubro (L&T) signed a pact with ideaForge to offer allied systems and drones for defense use. Both companies integrated their strengths to provide Hi-tech drone solutions to improve surveillance and security.

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Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future

In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

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Report Scope

Fixed-wing VTOL UAV Market is segmented into vertical, application, mode of operation, range, MTOW, propulsion, endurance and region.

On the basis of Vertical

Military

Commercial

On the basis of Application

Border Management

Traffic Monitoring

Firefighting & Disaster Management

Search & Rescue

Police Operations & Investigations

Maritime Security

On the basis of Mode of Operation  

Remotely Piloted

Optionally Piloted

Fully Autonomous

On the basis of Range

Visual Line of Sight (VLOS)

Extended Visual Line of Sight (EVLOS)

Beyond Line of Sight (BLOS)

On the basis of MTOW

<25 Kilograms

25-170 Kilograms

>170 Kilograms

On the basis of Propulsion

Electric

Hybrid

Gasoline

On the basis of Endurance

<5 hours

5 – 10 hours

10 hours

On the basis of Region

Asia Pacific

North America

Europe

South America

Middle East & Africa

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Drone Sensors Market Structures, Latest trends, and Forecasts by 2028

The global drone sensors market size is projected to reach USD 2,342.1 million by 2028, exhibiting a CAGR of 25.08% during the forecast period. The increasing deployment of drones amid the COVID-19 crisis will be a major driving factor for this market, postulates Fortune Business Insights™ in its report, titled ”Drone Sensors Market, 2020-2028”. As per the report, the value of the market was estimated to be USD 394.7 million in 2020.

Informational Source:

Report Highlights:

The report offers comprehensive analyses of existing companies that are redefining the dynamics of this market. In addition to that, it provides an accurate assessment of the market by highlighting data on multiple aspects related to growth drivers, opportunities, trends, and hindrances. It also represents the overall market size from a global perspective by analyzing historical data and providing qualitative insights.

Segments:

Based on type, the market is segmented into inertial sensors, image sensors, speed sensors, position sensors, pressure sensors, ultrasonic sensors, light sensors, and distance sensors. In terms of platform analysis, the market is divided into VTOL, fixed-wing, and hybrid. Based on application, the market is segregated into navigation, collision detection, avoidance, data acquisition, motion detection, air pressure measurement, power monitoring, and others. By geography, the market has been categorized into North America, Europe, Asia Pacific, and the Rest of the World.

Drivers & Restraints:

Growing Need for UAVs in Agricultural Operations to Boost the Market

According to a report released by the Food and Agriculture Organization and the International Telecommunication Union, over 815 million people worldwide experienced chronic hunger in 2018. According to the same report, food production is projected to increase by 50% by 2050. Global desire and rising food demand are both fueled by the world's rapidly growing population. Drones are being used by growers all over the world to increase the productivity of their farms. In April 2021, for instance, the Western African nation of Togo began deploying drones to transform rice farming in the country. UAVs in agriculture are widely used for various applications, including early warning systems, disaster risk mitigation, forestry applications, fisheries, and wildlife protection, which are possible because of drone sensors. Due to their superior data collection, mapping, and surveillance capabilities, the growing use of unmanned systems in the commercial and military & defense sectors is expected to drive demand for drone sensors in the future.

Regional Insights:

Rising Deployment of Drones for Military Operations to Aid the North America Market

North America is expected to dominate the drone sensors market share because of the rapidly increasing adoption of drones in the military and defense industry. In 2020, the region's market value was USD 143.2 million. Drones are used in the military for various missions, including surveillance, reconnaissance, and targeting. Furthermore, the equipment is being used in multiple applications by the United States' booming ICT industry. For example, Amazon stated in June 2019 that the company is interested in using drones to deliver packages. The Federal Aviation Administration has also given the company approval for its "prime air delivery" fleet.

Due to the significant presence of drone sensor vendors in this region and favorable government regulations, the Asia Pacific drone sensors market growth is expected to accelerate at a substantial CAGR during the forecast period.

Competitive Landscape:

Collaborations with Defense Agencies to Assist Key Players in Improving Product Lines

To implement the latest technology for their operations, key players in the global market are concentrating on cooperating with government bodies to broaden their product offerings. For example, the US Department of Defense awarded General Atomic a USD 93.3 million contract to develop drone sensors for the MQ-9 Reaper in November 2020. Both sides have agreed to work together.

Industry Development:

October 2020: Aquiline Drones, a Connecticut-based UAV manufacturer, has signed a licensing agreement with Drone Volt, a French sensor manufacturer. The deal would provide the French corporation with production and distribution facilities throughout the United States.

List of Key Players Profiled in the Drone Sensors Market Report:

Trimble (US)

Bosch Sensortec (Germany)

TDK InvenSense (U.S.)

Sparton NavEx (US) 

Raytheon (US)

AMS AG (Austria)

Flir System (U.S.)

KVH Industries (U.S.)

TE connectivity (Switzerland)

Lord MicroStrain (U.S.)

Other Players

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Opportunities and Challenges in the Actuators Market by 2027

The global agriculture drone market size is projected to reach USD 3,697.4 million by 2027, exhibiting a CAGR of 18.14% during the forecast period. Emergence of startups specializing in developing unmanned aerial vehicles (UAVs) for agriculture will significantly enhance the potential of the market. Fortune Business Insights™ shares this observation in its report, titled “Agriculture Drone Market Size, Share & Industry Analysis, By Type (Fixed Wing, Rotary Wing, and Hybrid), By Components (Hardware [Frames, Control Systems, Propulsion System, Navigation System, Payload, Avionics, Others] and Software [Imaging Software, Data Management Software, Data Analytics Software, Others]), By Application (Field Mapping & Monitoring, Crop Spraying, Crop Scouting, Variable Rate Application, Livestock Monitoring, Others), and Regional Forecast, 2020-2027”.

Market Driver

Skyrocketing Demand for Food Worldwide to Propel the Market

The most critical factor driving the agriculture drone market growth is the expected levels of demand for food and grains worldwide in the next few decades. According to the UN, by 2050, world population will reach 9.1 billion, with sub-Saharan Africa’s population projected to grow the fastest. To meet the food requirements of this surging number of people, the Food and Agriculture Organization (FAO) estimates that the overall food production will need to rise by 70% and production in developing countries will need to double from the current levels. Agriculture drones will play a central role in supporting the efforts of governments in elevating their farm yields. These UAVs offer wide-ranging and decisive advantages to farmers, who can make enormous gains from these machines. For example, drones equipped with smart sensors can enable farmers to collect accurate information on soil conditions. Drones can also spray crops with insecticides and pesticides, thus minimizing farmers’ contact with these harmful chemicals.

Browse In-depth Summary of This Research Insight:

Regional Insights

Quick Adoption of Advanced Drones for Agriculture to Feed Market Growth in North America

North America, with a market size of USD 367.6 million in 2019, is anticipated to lead the agriculture drone market share during the forecast period. This is mainly attributable to the rapid uptake of advanced UAVs by farmers in the region to increase farm output. Complementing this is the framing of friendly policies by lawmakers in the region supporting deployment of commercial drones and small UAVs for agricultural activities. Asia Pacific is expected to generate tremendous growth opportunities for this market as the countries in the region are heavily dependent on agriculture and are making massive investments to make agriculture more technology-driven. In Europe, the ability of farmers to utilize drone technology for better farm yields will augur well for the market.

Industry Developments:

April 2020: DJI, the Chinese drone maker, released its new offering called the “Mavic Air 2” drone, the successor to the company’s 2018 Mavic Air drone. The new product comes in two variants, the standard and the Fly More, with both being available for immediate purchase in China.

September 2019: AeroVironment launched the enhanced, next-gen version of its flagship Quantix VTOL hybrid drone and the AeroVironment Decision Support System for precision farming. Equipped with sensors and multispectral imagery capabilities, Quantix is designed to perform crop scouting and can survey up to 400 acres within 45 minutes.

List of Key Players Covered in the Agriculture Drone Market Report:

Delair Tech SAS (France)

Parrot Drone (France)

3D Robotics (the US)

AeroVironment Inc. (the US)

GoPro (the US)

Drone Deploy (the US)

Sintera LLC (the US)

Ag Eagle (the US)

Trimble Navigation Ltd. (the US)

Precision Hawk (the US)

DJI (China)

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Fixed-wing VTOL UAV Market Thriving at a Tremendous Growth

Fixed-wing VTOL UAV Market Thriving at a Tremendous Growth

The fixed-wing VTOL UAV market is assessed at USD 842 million out of 2022 and is projected to arrive at USD 4,627 million by 2030, at a CAGR of 23.7% from 2022 to 2030. The ascent in the reception of mechanically progressed runwayless automated aeronautical military stages by protection powers is one of the main variables projected to drive the development of the fixed-wing VTOL UAV market. The…

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Global Agriculture Drone Market 2020 Top Industry Players, Regional Study, Growth Drivers, Challenges and Opportunities by 2027

The global agriculture drone market size is projected to reach USD 3,697.4 million by 2027, exhibiting a CAGR of 18.14% during the forecast period. The emergence of startups specializing in developing unmanned aerial vehicles (UAVs) for agriculture will significantly enhance the potential of the market. Fortune Business Insights™ shares this observation in its report, titled “Agriculture Drone Market Size, Share & COVID-19 Impact Analysis, By Type (Fixed Wing, Rotary Wing, and Hybrid), By Components (Hardware [Frames, Control Systems, Propulsion System, Navigation System, Payload, Avionics, Others] and Software [Imaging Software, Data Management Software, Data Analytics Software, Others]), By Application (Field Mapping & Monitoring, Crop Spraying, Crop Scouting, Variable Rate Application, Livestock Monitoring, Others), and Regional Forecast, 2020-2027”.

Agriculture drones have proved to be immensely successful in raising farm yields around the globe. Given the lucrative opportunities, several startups have cropped up in this domain, developing UAV solutions tackling the different aspects of farming operations. For example, Gamaya, a Swiss startup, is focused on boosting productivity and scalability of small farms by using advanced mapping and diagnostic systems, enabling farmers to efficiently manage their farms. Another example is HummingBird Technologies, a UK-based startup, which develops drones with customized sensors with machine learning algorithms and computer vision to gather accurate data and imagery to aid precision farming. Advancements made by these and many more such startups worldwide will create fertile ground for the growth of this market.

The explosion of the COVID-19 pandemic has brought the global economy on the precipice of an unforeseen recession. Businesses are stumbling owing to the sharp economic downturn, with some suffering more than the others. We aim to equip businesses with quantitative and qualitative impact analysis of the current pandemic on different markets, based on our expertise and experience in market intelligence.

The report states that the global market value stood at USD 1,021.1 million in 2019. It also offers the following:

Unparalleled insights into the factors driving and constraining market growth;

In-depth & piecemeal analysis of the market segments;

An exhaustive examination of the regional dynamics impacting the market; and

Detailed profiling and study of the key market players and their strategies.

Fortune Business Insights profiles some of the prominent companies operating in the agriculture drone market. They are as follows:

Delair Tech SAS (France)

Parrot Drone (France)

3D Robotics (the US)

AeroVironment Inc. (the US)

GoPro (the US)

Drone Deploy (the US)

Sintera LLC (the US)

Ag Eagle (the US)

Trimble Navigation Ltd. (the US)

Precision Hawk (the US)

DJI (China)

Market Driver

Skyrocketing Demand for Food Worldwide to Propel the Market

The most critical factor driving the agriculture drone market growth is the expected levels of demand for food and grains worldwide in the next few decades. According to the UN, by 2050, the world population will reach 9.1 billion, with sub-Saharan Africa’s population projected to grow the fastest. To meet the food requirements of this surging number of people, the Food and Agriculture Organization (FAO) estimates that the overall food production will need to rise by 70% and production in developing countries will need to double from the current levels. Agriculture drones will play a central role in supporting the efforts of governments in elevating their farm yields. These UAVs offer wide-ranging and decisive advantages to farmers, who can make enormous gains from these machines. For example, drones equipped with smart sensors can enable farmers to collect accurate information on soil conditions. Drones can also spray crops with insecticides and pesticides, thus minimizing farmers’ contact with these harmful chemicals.

Regional Insights

Quick Adoption of Advanced Drones for Agriculture to Feed Market Growth in North America

North America, with market size of USD 367.6 million in 2019, is anticipated to lead the agriculture drone market share during the forecast period. This is mainly attributable to the rapid uptake of advanced UAVs by farmers in the region to increase farm output. Complementing this is the framing of friendly policies by lawmakers in the region supporting the deployment of commercial drones and small UAVs for agricultural activities.

Asia Pacific is expected to generate tremendous growth opportunities for this market as the countries in the region are heavily dependent on agriculture and are making massive investments to make agriculture more technology-driven. In Europe, the ability of farmers to utilize drone technology for better farm yields will augur well for the market.

Competitive Landscape

Leading Players to Focus on Tapping Innovation Opportunities

Key companies are concentrating all their energies towards exploiting the wide opportunities for innovation to diversify their portfolios and entrench their position in the market in the process. Moreover, companies are also exploring avenues to enter and expand into developing economies, in a bid to broaden their business horizons.

Industry Developments:

April 2020: DJI, the Chinese drone maker, released its new offering called the “Mavic Air 2” drone, the successor to the company’s 2018 Mavic Air drone. The new product comes in two variants, the standard and the Fly More, with both being available for immediate purchase in China.

September 2019: AeroVironment launched the enhanced, next-gen version of its flagship Quantix VTOL hybrid drone and the AeroVironment Decision Support System for precision farming. Equipped with sensors and multispectral imagery capabilities, Quantix is designed to perform crop scouting and can survey up to 400 acres within 45 minutes.

Browse Detailed Summary of Research Report with TOC:

https://www.fortunebusinessinsights.com/agriculture-drones-market-102589

About Us:

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

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Read Related News:

https://www.globenewswire.com/news-release/2020/11/09/2122767/0/en/Agriculture-Drone-Market-to-Hit-USD-3-697-4-Million-by-2027-Increasing-Adoption-of-Smart-Agriculture-Technologies-in-Developed-Nations-to-Fuel-Growth-Says-Fortune-Business-Insights.html

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Delivery Drones Market Worth $1.29 Billion by 2028

Meticulous Research®—a leading global market research company, published a research report titled “Delivery Drones Market by Type (Multi-rotor, Fixed-wing, Hybrid VTOL), Payload (Less than 2 KG, 2–5 KG), Range (Less than 25 km, More than 25 km), End User (Healthcare, Retailers and E-commerce, Logistics), and Geography - Global Forecasts to 2028.”

The delivery drones market is expected to grow at a CAGR of 40% by value from 2021 to reach $1.29 billion by 2028. Increasing demand for faster delivery, technological advancements in drones, and the rising need to reduce carbon emissions are the factors driving the growth of the delivery drones market.

In addition, increasing private investments in the drone industry, the rise of e-commerce, and demand for contactless delivery amidst the COVID-19 pandemic are projected to provide significant growth opportunities for the vendors operating in this market.

Download Free PDF Sample Copy of the Report (with COVID-19 Impact Analysis): https://www.meticulousresearch.com/download-sample-report/cp_id=5193

However, the high cost of infrastructure and limited battery life of aerial delivery drones are expected to restrain the growth of this market to a certain extent. In addition, stringent government regulations for UAVs and security breaches using aerial delivery drones pose a major challenge for the growth of the delivery drones market.

The delivery drones market is segmented based on type, payload, range, end user, and geography. The study also evaluates industry competitors and analyzes the market at the country level.

Scope of the Report

Delivery Drone Market, by Type

Multi-rotor

Fixed-wing

Single-rotor

Hybrid VTOL

Delivery Drones Market, By Payload

Less than 2 kg

2-5 kg

More than 5 kg

Delivery Drones Market, by Range

Less than 25 km

More than 25 km

Delivery Drone Market, by End User

Healthcare

Retailers and E-commerce

Food  & Beverages

Logistics

Other End Users

Delivery Drones Market, by Geography

 U.S.

Canada

China

Japan

South Korea

India

Australia

Rest of Asia-Pacific

Germany

U.K.

France

Italy

Spain

Rest of Europe

To Gain More Insights into The Market with a Detailed Table of Content And Figures, Click Here: https://www.meticulousresearch.com/product/delivery-drones-market-5193

Based on type, the delivery drones market is segmented into multi-rotor, fixed-wing, single-rotor, and hybrid VTOL. The multi-rotor segment accounted for the largest share of the delivery drones market in 2021. The large market share of this segment is attributed to its ability to operate in a wider variety of environments. These drones are capable of hovering in a fixed position and can fly in any direction, and are used for delivering services across healthcare, logistics, and retail sectors.

Based on payload, the delivery drones market is segmented into less than 2 Kg, 2–5 Kg, and more than 5 Kg. The less than 2 Kg segment accounted for the largest share of the delivery drones market in 2021. The large market share of this segment is attributed to its capability to quickly deliver small packages of up to 2 kg. This category denotes the provision of small grocery, coffee, postal delivery, gifts, healthcare & wellness products, and commercial goods under a specific weight limit.

Based on range, the delivery drones market is segmented into less than 25 Km, and more than 25 Km. The less than 25 Km segment accounted for the largest market share in 2021. Drone delivery caters to rural and dense urban areas, reducing human involvement and shipping expenses and enabling rapid door-step shipping and service expansion in areas lacking infrastructure. Hence, these factors contribute to the large market share of this segment.

Based on end user, the delivery drones market is segmented into healthcare, retailers & e-commerce, food & beverage, logistics, and other end users. The retailers & e-commerce segment accounted for the largest market share in 2021. The large market share of this segment is attributed to the capability of delivery drones for delivering small packages of commercial goods at a faster rate than traditional means of delivery. High delivery speed, door-step delivery, and the capability to serve rural and semi-rural areas increase the adoption of delivery drones.

Based on geography, this market is segmented into five major regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific accounted for the largest share of the delivery drones market in 2021. Customers switching from offline shopping to online shopping platforms and partnerships of various local traders with leading e-commerce companies are the factors attributed to the large market share of this region.

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The growing adoption of delivery drones in countries such as China, South Korea, and Japan has boosted the demand for delivery drones in the APAC region. The demand for delivery drones is expected to increase in Asia-Pacific due to the rapid growth of online shopping platforms, which increases the demand for instant parcel delivery.

The key players operating in the delivery drones market are Amazon.com Inc (U.S.), Boeing Co (U.S.), Airbus SE (Netherlands), Drone Delivery Canada Corp (Canada), Wing Aviation LLC (U.S.), Flirtey (U.S.), Zipline (U.S.), Wingcopter GmbH (Germany), FLI Drone (U.S.), Flytrex Inc (U.S.), Matternet Inc (U.S.), Deutsche Post DHL Group (Germany), United Parcel Services (U.S.), SF Express Co. Ltd. (China), and Rakuten Group Inc (Japan).

You can Buy Report from Here: https://www.meticulousresearch.com/BuyNowToCheckout/1489

Key Questions Answered in the Report:

Which are the high-growth market segments in terms of type, payload, range, end user, and geography?

What is the historical market size for the delivery drones market?

What are the market forecasts and estimates for the period 2021–2028?

What are the drivers, restraints,opportunities, and challenges in the delivery drones market?

Who are the major players in the market, and what shares of the market do they hold?

How is the competitive landscape for the delivery drones market?

What are the recent developments in the delivery drones market?

What are the different strategies adopted by the major players in the market?

What are the key geographic trends, and which are the high-growth countries?

Who are the local emerging players in the delivery drones market, and how do they compete with the other players?

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Drone Sensors Market Are Estimated To Increase During Period  Worth USD 2342.1 million in  at a CAGR of 25.08%by 2028

The global drone sensors market size is projected to reach USD 2,342.1 million by 2028, exhibiting a CAGR of 25.08% during the forecast period. The increasing deployment of drones amid the COVID-19 crisis will be a major driving factor for this market, postulates Fortune Business Insights™ in its report, titled ”Drone Sensors Market, 2020-2028”. As per the report, the value of the market was estimated to be USD 394.7 million in 2020.

Information Source:

Report Highlights:

The report offers comprehensive analyses of existing companies that are redefining the dynamics of this market. In addition to that, it provides an accurate assessment of the market by highlighting data on multiple aspects related to growth drivers, opportunities, trends, and hindrances. It also represents the overall market size from a global perspective by analyzing historical data and providing qualitative insights.

Segments:

Based on type, the market is segmented into inertial sensors, image sensors, speed sensors, position sensors, pressure sensors, ultrasonic sensors, light sensors, and distance sensors. In terms of platform analysis, the market is divided into VTOL, fixed-wing, and hybrid. Based on application, the market is segregated into navigation, collision detection, avoidance, data acquisition, motion detection, air pressure measurement, power monitoring, and others. By geography, the market has been categorized into North America, Europe, Asia Pacific, and the Rest of the World.

Drivers & Restraints:

Growing Need for UAVs in Agricultural Operations to Boost the Market

According to a report released by the Food and Agriculture Organization and the International Telecommunication Union, over 815 million people worldwide experienced chronic hunger in 2018. According to the same report, food production is projected to increase by 50% by 2050. Global desire and rising food demand are both fueled by the world's rapidly growing population. Drones are being used by growers all over the world to increase the productivity of their farms. In April 2021, for instance, the Western African nation of Togo began deploying drones to transform rice farming in the country. UAVs in agriculture are widely used for various applications, including early warning systems, disaster risk mitigation, forestry applications, fisheries, and wildlife protection, which are possible because of drone sensors. Due to their superior data collection, mapping, and surveillance capabilities, the growing use of unmanned systems in the commercial and military & defense sectors is expected to drive demand for drone sensors in the future.

Regional Insights:

Rising Deployment of Drones for Military Operations to Aid the North America Market

North America is expected to dominate the drone sensors market share because of the rapidly increasing adoption of drones in the military and defense industry. In 2020, the region's market value was USD 143.2 million. Drones are used in the military for various missions, including surveillance, reconnaissance, and targeting. Furthermore, the equipment is being used in multiple applications by the United States' booming ICT industry. For example, Amazon stated in June 2019 that the company is interested in using drones to deliver packages. The Federal Aviation Administration has also given the company approval for its "prime air delivery" fleet.

Due to the significant presence of drone sensor vendors in this region and favorable government regulations, the Asia Pacific drone sensors market growth is expected to accelerate at a substantial CAGR during the forecast period.

Competitive Landscape:

Collaborations with Defense Agencies to Assist Key Players in Improving Product Lines

To implement the latest technology for their operations, key players in the global market are concentrating on cooperating with government bodies to broaden their product offerings. For example, the US Department of Defense awarded General Atomic a USD 93.3 million contract to develop drone sensors for the MQ-9 Reaper in November 2020. Both sides have agreed to work together.

Industry Development:

October 2020: Aquiline Drones, a Connecticut-based UAV manufacturer, has signed a licensing agreement with Drone Volt, a French sensor manufacturer. The deal would provide the French corporation with production and distribution facilities throughout the United States.

List of Key Players Profiled in the Drone Sensors Market Report:

Trimble

TDK Invensense

Sparton NavEx

Raytheon

Lord Microstrain