|
Forecast Period
|
2025-2029
|
|
Market Size (2023)
|
USD 2.89 Billion
|
|
Largest
Market
|
South
India
|
|
CAGR (2024-2029)
|
21.66%
|
|
Fastest Growing Segment
|
Flow
Sensors
|
India drone
sensor market has valued at USD 2.89 Billion in 2023 and is anticipated to
project robust growth in the forecast period with a CAGR of 21.66% through 2029.
Drone sensors are critical components within a drone, allowing it to observe
its surroundings and make intelligent judgements about its flight path. These
sensors are essential for detecting obstructions, monitoring altitude, and
maintaining a stable flight path. The sensors used are determined by the
drone's unique function as well as the parameters of its operational
environment. Drones can traverse their environment with precision by using
these sensors that assures accuracy and safety in their activities. The market growth
can also be driven by the increasing demand for unmanned aerial vehicles (UAVs)
for civilian and military applications. Drones are being used in various
industries such as agriculture, media & entertainment, oil & gas,
infrastructure, and surveillance. The market for drone sensors is expected to
be driven by increasing demand for advanced drone technologies, such as
autonomous navigation, artificial intelligence, and remote sensing.
In India, the drone sensor market is being driven by the
increasing demand for remote sensing applications and the growing need for
advanced drone technologies. In addition, the growing demand for commercial and
military drones is further contributing to the growth of the India drone sensor
market.
Increasing Demand for Commercial and
Military Drone Applications
The India drone sensor market is anticipated to grow
significantly in the coming years, owing to the growing demand for commercial
and military drone applications. Drone sensors are an integral part of the UAVs
(Unmanned Aerial Vehicles) systems and help in the navigation and flight
control of drones. The sensors help in providing accurate data and enable the
drones to monitor an area securely and efficiently. The increasing demand for
commercial and military drone applications is one of the major factors driving
the growth of the India drone sensor market. The government of India has taken
several initiatives to promote the usage of drones for commercial and military
applications. The growing application in aerial surveillance, mapping,
commercial drone, and military drone is increasing the need for drone sensors.
Furthermore, the increasing expenditure on defence due to the rising
geopolitical tensions is expected to drive the growth of the market. The
introduction of several drone sensor solutions is further propelling the growth
of the market. For instance, in August 2019, Honeywell developed the HGuide
sensing solution, which is a low-cost and a low-power drone navigation
solution. The solution offers superior accuracy and reliability for autonomous
navigation and control of drones. The introduction of such solutions is
expected to drive the India drone sensor market in the coming years. In
addition, the increasing investments by venture capitalists and the government
in the drone industry is expected to create lucrative opportunities for the
market. Several venture capitalists are investing in drone startups for the
development of advanced solutions. The increasing investments by venture
capitalists and the government in the drone industry is further expected to
create lucrative opportunities for the market.
Increasing Drone Technology
Investments
The
increasing investments in drone technology are set to drive the India drone
sensor market over the forecast period. Drones are now being increasingly used
across various industries such as agriculture, retail, logistics, energy, media
and entertainment, and defense, among others. This is primarily due to the
technological advancements in drones, which have made them more sophisticated
and efficient. As a result, the demand for drone sensors is expected to
increase over the forecast period. Drone
sensors are critical components of any drone as they enable the drone to sense
its environment and navigate accurately. They measure and collect data from the
environment and then transmit it back to the drone’s control center. The common
sensors used for drones are cameras, radar, ultrasound, light detection and
ranging (LIDAR), and infrared sensors. These sensors are used by drones to
capture images, detect obstacles, measure distances, and detect movement, among
other functions. The increasing
investments in drone technology are set to drive the India drone sensor market.
The government has been taking various initiatives to promote the use of drones
in the country. For instance, the Ministry of Civil Aviation has launched the
Digital Sky Platform to regulate the use of drones in the country. It also
plans to introduce the Unmanned Aircraft System (UAS) and Unmanned Traffic
Management (UTM) framework to ensure safe and secure operations of drones in
the country in the coming years. These initiatives are expected to increase the
demand for drone sensors in India over the forecast period. Moreover, the growing demand for drones in
the agriculture industry is expected to drive the India drone sensor market.
Drones are being increasingly used for precision agriculture, crop protection,
and crop monitoring. They are equipped with advanced sensors such as cameras,
LiDAR, and infrared sensors to collect data from the farm fields. This enables
farmers to optimize their crop yields and reduce their costs. All these factors
are expected to drive the demand for drone sensors in India over the forecast
period. In conclusion, the increasing
investments in drone technology are set to drive the India drone sensor market
over the forecast period.
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Increasing Need for Low-Weight and
High-Performance Sensors
The
increasing need for low-weight and high-performance sensors is steered by the
need for better efficiencies and cost savings in many industries. This need is
particularly important in the aerospace, automotive, and medical industries, as
they all rely on sensors to perform critical functions. The aerospace industry
is particularly dependent on sensors to ensure the safety of passengers. Low
weight and high-performance sensors are essential for the efficient operation
of airplanes and spacecraft. These sensors can handle extreme temperatures,
extreme pressures, and provide accurate readings to ensure the safety of
passengers. The automotive industry is also reliant on sensors to ensure the
safety of its passengers. Sensors are used to monitor the performance of
engines, brakes, and various other systems in the vehicle. Low weight and high-performance
sensors can help to improve the fuel efficiency of the vehicle, as well as
provide drivers with more accurate readings of their vehicle’s performance. The
medical industry also relies heavily on sensors to monitor a variety of
physiological functions. Low weight and high-performance sensors are essential
for providing accurate readings that can be used to diagnose and treat various
medical conditions. With the rise of the Internet of Things (IoT),
manufacturers are increasingly looking for sensors that are small, lightweight,
and able to accurately detect and measure different types of data, such as
temperature, pressure, and light. This is because smaller and lighter sensors
can be placed in tight spaces, making them ideal for use in small devices and
embedded systems. In addition, these sensors need to have high performance to
accurately detect and measure data at high speeds and low power consumption.
Moreover, with the development of autonomous vehicles, there is an increased
need for accurate sensors that can detect and measure data in real-time to
ensure the safety of passengers and pedestrians. Therefore, low-weight and
high-performance sensors are essential to provide accurate data for the
autonomous vehicle’s decision-making process. Additionally, with the increasing
prevalence of robotics, there is a growing demand for low-weight,
high-performance sensors that can accurately detect and measure data to enable
the robot to perform complex and sophisticated tasks. This is because the
sensors need to be lightweight and powerful to provide accurate and precise
data to the robot’s control system. In conclusion, the increasing need for
low-weight, high-performance sensors are driven by the growing demand for
smaller, lighter, and more powerful technology, as well as the need for more
accurate sensing capabilities. Moreover, the need is further amplified by the
development of autonomous vehicles and robotics, which rely on accurate and
precise data for their decision-making processes and operations.
Recent
Developments
- In December 2021, Zuppa, which is owned by Chennai-based Sree Sai Aerotech Innovations Pvt. Ltd. (SSAI), utilized a lot of cash to build up its existing products, which were created using proprietary technology. Penetration of current markets, development of fresh applications for its core drone technology, and expansion of the base for its Vehicle Tracking and Telematics Systems (VTS) were all on the agenda.
- In October 2022, the leading drone startup in India at the Defence Expo 2022 in Gandhinagar, Garuda Aerospace announced a deal with Israel-based worldwide defence electronics business Elbit Systems to deliver Skylark 3 unmanned aircraft system (UAS) drones to commercial and government sectors. Garuda Aerospace further stated that Skylark 3 will be primarily used for Survey of India projects such as large-scale village surveys and mapping under the Swamitva Scheme.
Market Segments
The India drone sensor market is segmented into sensor
type, platform, end user industry, company, and region. Based on sensor type,
the market is segmented into inertial sensors and flow sensors. Based on platform,
the market is divided into VTOL, fixed wing and hybrid, distributed control
system (DCS) and human machine interface (HMI). Based on application, the
market is segmented into navigation, data acquisition, motion detection, and
power monitoring. Based on end-user industry, the market is segmented into
precision agriculture, defense, personal, law enforcement, and others. The
market analysis also studies the regional segmentation to devise regional
market segmentation, divided among East India, West India, North India, and
South India.
Market
Players
Some of the major market players of India drone sensor market are Sree Sai Aerotech Innovations, Skylark
Drones, MTS Systems Corporation, Sensordrone, Saankhya Labs, Robotronics, Flytbase
Labs Private Limited, Garuda Aerospace Private Limited, Asteria Aerospace, IdeaForge
Technology, and Paras defense & space technologies Ltd. To
achieve good market growth, businesses that are active in the market employ
organic tactics such as product launches, mergers, and partnerships.
|
Attribute
|
Details
|
|
Base
Year
|
2023
|
|
Historic Data
|
2019 –
2022
|
|
Estimated
Year
|
2024
|
|
Forecast Period
|
2025
– 2029
|
|
Quantitative
Units
|
Revenue
in USD Million, and CAGR for 2019-2023 and 2024-2029
|
|
Report Coverage
|
Revenue
forecast, company share, growth factors, and trends
|
|
Segments
Covered
|
Sensor
Type
Platform
Application
End-User
Industry
Region
|
|
Regional Scope
|
East
India, West India, North India, and South India
|
|
Key Companies
Profiled
|
Sree
Sai Aerotech Innovations, Skylark Drones, Sensordrone, Saankhya Labs, Robotronics,
Flytbase Labs Private Limited, Garuda Aerospace Private Limited, Asteria
Aerospace, IdeaForge Technology, and Paras defence & space technologies
Ltd.
|
|
Customization Scope
|
10%
free report customization with purchase. Addition or alteration to country,
regional & segment scope.
|
|
Pricing
and Purchase Options
|
Avail
customized purchase options to meet your exact research needs. Explore purchase options
|
|
Delivery Format
|
PDF
and Excel through Email (We can also provide the editable version of the
report in PPT/Word format on special request)
|
Report
Scope:
In
this report, India drone sensor market has
been segmented into following categories, in addition to the industry trends
which have also been detailed below:
·
India
Drone Sensor Market, By Sensor Type
o Inertial Sensors
o Flow Sensors
·
India
Drone Sensor Market, By Platform
o VTOL
o Fixed Wing
o Hybrid
·
India
Drone Sensor Market, By Application
o Navigation
o Data Acquisition
o Motion Detection
o Power Monitoring
·
India
Drone Sensor Market, By End-User Industry
o Precision Agriculture
o Defense
o Personal
o Law Enforcement
o Others
·
India
Drone Sensor Market, By Region:
o East India
o West India
o North India
o South India
Competitive
Landscape
Company
Profiles: Detailed analysis of the
major companies present in India drone sensor market.
Available
Customizations:
India
drone sensor market with the
given market data, Tech Sci Research offers customizations according to a
company’s specific needs. The following customization options are available for
the report:
Company
Information
·
Detailed
analysis and profiling of additional market players (up to five).
India
drone sensor market is an
upcoming report to be released soon. If you wish an early delivery of this
report or want to confirm the date of release, please contact us at [email protected]