Drone Sensor Market worth $2.5 billion by 2029

The Drone Sensor market size is expected to be valued at USD 1.4 billion in 2024 and is anticipated to be USD 2.5 billion by 2029; growing at a CAGR of 12.1% from 2024 to 2029 according to a new report by MarketsandMarkets™. The major factors supporting the growth of this market include the incorporation of safety features in drones, which serves as a significant driver for the advancement of drone technology. Safety features are essential for mitigating risks associated with drone operations, ensuring both the safety of the drone itself and the surrounding environment.

The energy and utility sectors increasingly recognize the value of drone sensor technology for improving asset management, enhancing environmental stewardship, and ensuring the safety and reliability of critical infrastructure. As drone technology continues to advance and sensor capabilities evolve, the adoption of drones for energy and utility applications is expected to accelerate further, driving continued growth in the drone sensor market.

VTOL drones offer advantages, such as lightweight, low costs, ease of handling, and maneuverability. These drones can be used for many operations, from inspecting pipelines and structures to aerial photography and mapping. Future adoption of drones for inspection, mapping, and photography applications will significantly drive the segment's growth during the forecast period.

Data acquisition is a major application of drones and a key element of the global drone service market. It helps decision-makers gather crucial information on other applications of drones, such as mapping & surveying, remote sensing & aerial photography, 3D modeling, product delivery, environmental inspection and assessment, and risk management.