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NEW YORK , Aug. 29, 2022 /PRNewswire/ -- The latest market analysis report titled Drone Sensor Market by Type and Geography - Forecast and Analysis 2022-2026 has been added to Technavio's catalog. The report predicts the market to witness an accelerating growth momentum at a CAGR of 15.66% during the forecast period with a potential growth variance of USD 584.83 million from 2021 to 2026. The analysts at Technavio have categorized the global drone sensor market as a part of the global electronic equipment and instruments market. Our report provides extensive information on the value chain analysis for the drone sensor market, which vendors can leverage to gain a competitive advantage during the forecast period. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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"One of the primary growth drivers for this market is the advancement in sensors and the emergence of low-cost drones." confirms a senior analyst for the industrial sector at Technavio. The decline in the prices of sensors will lead to the emergence of more consumer drones. The hobbyist segment is relatively less price-sensitive and opts for high-cost drones with features and properties similar to commercial drones. Vendors are introducing drones at lower price points, less than USD 50 . Advantages such as no requirement of registration from FAA, 720p HD cameras with satisfactory stability, and compatibility with VR headsets are major factors that will increase the demand among consumers.
However, one of the key challenges to the global drone sensor industry growth is the safety and privacy issues. Drones also pose a significant danger to aircraft as they can be sucked into the turbines of aircraft if there is a proximity between them, causing significant damage to the propulsion systems. The drones could be hijacked by tampering with the frequency-hopping sensors used in devices that use radio communications. The safety and privacy concerns related to drones are expected to hamper the growth of the market in focus during the forecast period.
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Drone Sensor Market Segment Highlights
Drone Sensor Market Regional Analysis
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Drone Sensor Market Vendor Analysis:
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Accelerate at a CAGR of 15.66%
North America, APAC, Europe, Middle East and Africa, and South America
US, China, Japan, Germany, and UK
Leading companies, competitive strategies, consumer engagement scope
ams AG, Emcore Corp., GEOSYSTEMS France SAS, KVH Industries Inc., LeddarTech Inc., Parker Hannifin Corp., PrecisionHawk Inc., Raytheon Technologies Corp., Robert Bosch GmbH, SBG Systems SAS, Sensirion AG, Sentera Inc., SlantRange Inc., Sony Group Corp., Swift Navigation Inc., TDK Corp., TE Connectivity Ltd., Teledyne Technologies Inc., Trimble Inc., Velodyne Lidar Inc., and Yost Labs Inc.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, and market condition analysis for the forecast period.
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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/
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