Market Overview:
The Global Drone Camera Market size was valued at USD 5.1 billion in 2021 and is projected to register a valuation of USD 33.5 billion by 2030, at a Compound Annual Growth Rate CAGR of 29.9% over the forecast period 2022-2030. The market revenue growth is driving growth in the deployment and use of drones in agriculture, defense, and various commercial sectors and applications such as real-time survey package delivery, surveillance, and more.
A drone is an unmanned aircraft. Drones are formally known as Unmanned Aerial Vehicles (UAVs). A drone is a man-made flying robot that is controlled remotely by a human. It has been invented by humans to perform their functions. The main purpose of making drones is to make all such tasks easy, which are risky for humans.
Covid-19 Impact Analysis:
The outbreak of COVID-19 and the subsequent extent of the lockdown have impacted the drone camera market across the globe. As the Covid-19 crisis continues, many global industrial manufacturing companies are facing challenging times, including production shutdowns, transportation, supply chain disruptions, cost increases, and workforce disruptions, which have several negative impacts on the global drone camera market industry in terms of revenue.
Governments and local authorities opted to use drones for surveillance to prevent people from gathering. In addition, governments entered into several agreements with various companies for the supply of drones, which have wide-ranging location surveillance capabilities.
Driving Factors:
Drones have become increasingly important to the operations of many businesses and government agencies in recent years, punching holes in areas where specific industries were either stagnant or left behind. Drones are proving to be incredibly useful in situations where humans cannot arrive or perform tasks in a timely and effective manner, such as making quick deliveries in times of rush or surveying an inhospitable military base. The introduction of technologically superior products and the promising growth rate of drone camera technology are two important aspects that contribute to the growth of the drone camera market.
Restraining Factor:
Concerns about privacy and security, as well as the lack of high-resolution satellite images, are limiting the expansion of the market. The governments of many countries have enacted regulations that limit the development of the region in order to protect the public's private space and address challenges related to national security.
Key Market Players:
- AiDrones GmbH
- Canon Inc.
- Guangzhou EHang Intelligent Technology Co.Ltd.
- Gopro Inc.
- Kespry Inc.
- Parrot SA
- Panasonic Corporation
- Quantum-Systems GmbH
- Shenzhen Dajiang Lingmou Technology Co.Ltd. (iFlight Technology Company Limited)
- Yuneec International
- Skydio Inc.
- Sony Group Corporation
Market Segmentation:
The global drone camera market is segmented by type, by application, by resolution, by end-user and region.
By Type
On the basis of type, the market is segmented into SD and HD cameras.
HD Camera segment revenue is expected to grow at a steady rate during the forecast period
The benefits and advantages of using HD cameras have been acknowledged in various fields and industries due to their highly detailed photos and videos, which help to see the target clearly.
By Application
On the basis of application the market is segmented into, Surveillance Thermal Imaging, Photography & Videography.
The thermal imaging segment revenue is expected to register a very rapid growth rate during the forecast period. Thermal imaging cameras can operate in low light and low visibility environments.
Regional Analysis:
The global drone camera market categorized into the region such as Latin America, North America, Europe, Asia-pacific, the Middle East and Africa.
North America will hold the largest share among other regions during the forecast period. The growth of the drone camera market in North America can be directly attributed to the expansion of financial resources allocated to the defense industry.
Asia-Pacific will hold the second largest market share during the forecast period. Countries in the Asia-Pacific region have adopted drones due to high security concerns across borders and disputed areas, and the use of drones to deliver products and medicines to remote areas.
Report Coverage:
Market Segmentation:
By Type
By Application
- Surveillance
- Thermal Imaging
- Photography & Videography
By Resolution
- 12 to 20 MP
- 20 to 32 MP
- 32 MP and above
By End-User
- Military
- Commercial
- Home land security
By Region
- North America-
- The US
- Canada
- Mexico
Europe-
- Germany
- The UK
- France
- Italy
- Spain
- Rest of Europe
Asia-Pacific-
- China
- Japan
- India
- South Korea
- South East Asia
- Rest of Asia Pacific
Latin America-
- Brazil
- Argentina
- Rest of Latin America
Middle East & Africa-
- GCC Countries
- South Africa
- Rest of Middle East and Africa