Drone Camera Market Outlook, 2027
The global drone camera market size was valued at $3.33 billion in 2019, and is projected to reach $25.39 billion by 2027, registering a CAGR of 29.9%.Drone camera is a device installed in a drone that is meant to record videos or to capture photos while the drone is flying. Drone camera finds its application in performing a range of operations such as product & food delivery, surveillance over a specific area, and thermal imaging. Increase in application of drones in different industries has boosted the demand for high resolution camera to be installed in drones, which are capable of taking efficient quality images from a wider angel.
In addition, rise in the defense budget has enabled governments of various countries to enter into agreements with drone & component manufacturers such DJi, GoPro, and Controp Precision Technologies Ltd. to offer better & advanced products, which supplements the growth of the drone camera market across the globe.
The key factors that contribute toward the drone camera market growth are the introduction of technologically advanced products and promising growth rate of the supplements the growth of the global drone camera market. However, privacy & security concerns and the availability of high-resolution satellite imagery are the factors that hamper the growth of the market.
On the contrary, rise in demand of drones across emerging nations and increase in application areas of drone cameras such as GPS, LiDAR, and mapping services are expected to provide lucrative opportunities for the growth of the global market during the forecast period.
The global drone camera market is segmented into type, application, resolution, end user, and region. Depending on type, the market is categorized into SD camera & HD camera. The applications covered in the study include photography & videography, thermal imaging, and surveillance. Depending on resolution, the market is segregated into 12 MP, 12 to 20 MP, 20 to 32 MP, and 32 MP & above. On the basis of end user, it is fragmented into commercial, military, and homeland security. Region wise, the global drone camera market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Key players operating in the global the drone camera market include Aerialtronics DV B.V, Canon Inc., Controp Precision Technologies Ltd., DJI, DST Control, FLIR Systems, Inc., Garmin Ltd., GoPro, Inc., Panasonic Corporation, and Sony Corporation.
By Type
HD camera is projected as the most lucrative segments
Introduction Of Technologically Advanced Products
The drones industry has witnessed lucrative growth in recent years due to their advanced features such as high resolution cameras and advanced sensors systems. This has further encouraged key industry players to improve their product portfolio by introducing advanced technologies. Some of the popular drone cameras with advanced sensors are Aeryon HDZoom30 by Aeryon Labs Inc., SAFIRE series by FLIR Systems, Inc., Zenmuse Series by SZ DJI Technology Co., and Hero Series by Go Pro, Inc., which have advanced features such as micro four-thirds system, voice control mechanism, and shortwave infrared (SWIR) sensors.
Moreover, companies such as Elbit Systems Ltd., GoPro, Inc., Israel Aerospace Industries Ltd., FLIR Systems, Inc., and Aeryon Labs Inc. have advanced products in their UAV segment. For instance, Mantis i45 uses ultra-high-resolution EO and IR imagers, latest low-light camera, and high-power illuminator, and is equipped with on-board facility for high-definition video storage and an on-board image processor.
By Application
Surveillance is projected as the most lucrative segments
Promising Growth Rate Of The Drone Camera Market
Technological advancements in the industry & increased application areas such as precision agriculture, aerial imaging, cargo management, traffic monitoring, and security & surveillance trigger the growth of drone camera market. Since the market is in its growing stage, it is expected to witness high demand in the next few years due to the continuous availability of advanced products.
According to a report released by the Federal Aviation Administration, the global sales of drones crossed 8.3 million units in 2019, and is expected to grow lucratively in the upcoming years due to increase in demand for safety & security and the need for surveillance. Moreover, the industry has witnessed the entry of a number of new firms such as Lily Robotics Inc. (2013) and SkySafe (2015). Thus, all these factors collectively boost the growth rate of the drone market, which, in turn, supports the global drone camera market growth.
By Resolution
20 to 32 MP is projected as the most lucrative segments
Increase In Privacy & Security Concerns
Aerial imaging, green mapping, LiDAR, GIS services, and other related applications are involve the capturing of landscape information, including photographs and imagery solutions through drones with the help of EO/IR and other systems. To protect the private space of public and resolve the issues related with national security, governments of various nations have formulated laws, which restrict the growth of this market. For example, in the North American market, the Federal Aviation Administration (FAA) stated that private & commercial UAVs can fly only up to 500 ft. above ground level and are not allowed in the radius of 3 miles around airports or flying strips.
Moreover, they are not allowed to violate any privacy acts, security laws, and cannot invade flight restricted and National Oceanic & Atmospheric Administration (NOAA) zones. However, regulations stated by the FAA and other governments are still under development, hence, no proper regulatory framework is defined for this market.
By End User
Military is projected as the most lucrative segments
Rise In Demand Of Drones Across Emerging Nations
Rise in safety & security concerns across countries has increased the need for drones to be used for such applications. This has further enabled drone manufacturers to develop & install advanced components, which are beneficial as per the safety & security concerns.
Moreover, countries across the globe are updating their UAV fleets with the new UAVs for effective operations and results. For instance, in December 2020, the UK Government deployed around 30 bug drones in the British army for spying, and is also in the process of adding more of UAVs in its existing drone fleet.
Furthermore, increase in trend of contactless product delivery has enabled numerous companies to adopt drones for product delivery. These delivery drones are equipped with advanced sensors and camera to maintain accuracy while delivering the product.
For instance, Amazon & UPS have been testing drone deliveries for products while other companies such as Flirtey, Skycatch, 3DR, and Aeryon have been operating in drone-based product delivery. Such advancements & introduction of new concepts in drones lead to rise in demand for drones across emerging nations, thereby augmenting the growth of the global market.
By Region
Asia-Pacific would exhibit the highest CAGR of 31.3% during 2020-2027.
Key Benefits For Stakeholders
- This study presents the analytical depiction of the global drone camera market analysis along with the current trends and future estimations to depict imminent investment pockets.
- The drone camera market opportunity is determined by understanding profitable trends to gain a stronger foothold.
- The report presents information related to the key drivers, restraints, and opportunities of the global drone camera market with a detailed impact analysis.
- The current drone camera market is quantitatively analyzed from 2019 to 2027 to benchmark the financial competency.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
Key Market Segments
By Type
SD camera
HD camera
By Application
Photography & Videography
Thermal Imaging
- Surveillance
By Resolution
12 MP
12 to 20 MP
- 20 to 32 MP
- 32 MP and above
By End User
Commercial
Military
- Homeland security
By Region
North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- France
- UK
- Russia
- Rest of Europe
Asia-Pacific
China
Japan
- India
- Australia
- Rest of Asia-Pacific
LAMEA
Latin America
Middle East
- Africa
Key Players
- Aerialtronics DV B.V
- Canon Inc.
- Controp Precision Technologies Ltd.
- DJI
- DST Control
- FLIR Systems, Inc.
- Garmin Ltd.
- GoPro, Inc.
- Panasonic Corporation
- Sony Corporation
Drone Camera Market Report Highlights
| Aspects | Details |
 By TYPE |
|
 By APPLICATION |
|
 By END-USER |
|
 By RESOLUTION |
|
 By Region |
|
 Key Market Players | Aerialtronics DV B.V., Controp Precision Technologies Ltd., GoPro, Inc., Panasonic Corporation, Garmin Ltd., DJI, FLIR Systems, Inc., .Canon Inc, Sony Corporation, DST CONTROL |
Analyst Review
Drone camera is a device that is installed in a drone and is meant to carry out specific tasks such as to record videos or to take photo while the drone is flying. The global drone camera market is expected to witness a significant growth due to increase in demand for drones equipped with advanced components such as high-resolution camera, LiDAR and GPS. The market in the developed countries, such as the U.S., Germany, and China are expected to provide lucrative opportunities for the growth of the market, due to increase in concern toward the safety and security of countries.
Drone manufacturers are focused on innovations related to drones. Recent developments have been carried out on drones & camera, which are expected to provide lucrative opportunity for the growth of the market. For instance, in January 2020, Controp Precision Technologies Ltd. introduced new payload capabilities for future tactical mission requirements, including the T-STAMP-XD for laser-designation missions and the STAMP-VMD for wide-area persistent surveillance with the concepts for SUAVs and drones in the future battlefield. Moreover, in August 2020, FLIR System Inc. introduced TZ20 as the first high resolution, dual thermal sensor gimbal built for the DJI Matrice V2 200 Series and Matrice 300 airframes that is suitable for rescue operations. Such developments carried out by companies across the globe supplement the growth of the market across the globe.
Factors such as technologically advanced products and promising growth rate of the drone market accelerate the growth of the global drone camera market. However, privacy & security concerns and the availability of high-resolution satellite imagery are the factors, which hamper the growth of the drone camera market. Conversely, rise in demand for drones across emerging nations and increase in application areas such as GPS, LiDAR, and mapping services are expected to provide lucrative opportunities for the expansion of the growth of the global market.
Among the analyzed regions, North America is the highest revenue contributor, followed by Asia-Pacific, Europe, and LAMEA. On the basis of forecast analysis, North America is expected to maintain its lead during the forecast period, owing to increase in production of drones across North America, followed by Asia-Pacific, Europe, and LAMEA.
The global drone camera market was valued at $3.32 billion in 2019, and is projected to reach $25.39 billion by 2027, registering a CAGR of 29.9%.
Post COVID, the drone camera market is expected to see a lucrative growth due to the increased application of drones across barious industries.
The report sample for global drone camera market report can be obtained on demand from the website.
The upcoming trends in the drone camera market includes the introduction of new camera with high resultion as well as the introduction of miniature camera.
Agreement, Business Expansion, Investment, Partnership, and Product Launch are the top most competitive developments which are adopted by the leading market players in the global drone camera market
The company profiles of the top players of the market can be obtained from the company profile section mentioned in the report. This section includes analysis of top ten player’s operating in the industry along with their last three year revenue, segmental revenue, product offerings, key strategies adopted, and geographical revenue generated.
North America holds a majority of market share in 2019 while Asia-Pacific is expected to provide lucrative growth opportunities for the growth of the market.
The application segment is the most influencing segment growing in the drone camera industry report.
China, U.S., Russia are some of the key matured markets growing in the drone camera report.
The demand for advanced camera & developments carried out by companies impacts the drone camera market in a positive way.
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