0

Drone Camera Market Expected to Reach $25.39 Billion by 2027—Allied Market Research

 
2022
Drone Camera Market

Report Code : A11099

quote By type, the HD camera dominated the global drone camera market in 2019, in terms of revenue, and is expected to lead the market throughout the forecast period. Depending on application, the photography & videography segment garners notable share. On the basis of resolution, the 12 MP camera holds majority of market share in 2019. As per end user, the military use held majority of market share in 2019, and is projected to significantly during the forecast period. At present, North America is the highest revenue contributor, and is expected to continue this trend in the market during the forecast period, followed by Asia-Pacific. quote

Abhay Singh
Lead Analyst, Aerospace & Defense at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a recent report published by Allied Market Research, titled, Drone Camera Market by Type, Application, Resolution, and End User: Global Opportunity Analysis and Industry Forecast, 2020–2027,” the global drone camera market was valued at $3.33 billion in 2019, and is projected to reach $25.39 billion by 2027, registering a CAGR of 29.9%.


 

North America dominates the market in terms of revenue, followed by Asia-Pacific, Europe, and LAMEA. U.S. dominated the global drone camera market, in terms of share in 2019, and is expected to grow at a significant rate during the forecast period, due to increase in demand for drones across different industries.

Drones equipped with camera are used to carry out numerous operations such as photography & videography, thermal imaging, and are used for surveillance over suspected locations. Moreover, increase in application of drones in different industries such as agriculture, mining & construction, inspection, and similar applications has supplemented the growth of the global drone camera market. Furthermore, rise in allocation of budget toward the advancement of the defense sector across different countries leads to the growth of drone camera market. This increased allocation of budget enabled the drone camera manufacturers to increase their revenue by developing better & advanced components, thereby accelerating the growth of the industry.

Depending on the type, the market is categorized into HD camera and SD camera. The HD camera segment holds a majority of market share, and is projected to grow at a significant growth rate during the forecast period, due to increase in application of HD camera in new drones. By application, the photography & videography segment garnered a majority of market share in 2019 owing to rise in concern toward safety & security, while the surveillance segment is expected to grow at a significant rate during the forecast period, due to surge in demand for tracing & monitoring over suspected locations.

On the basis of resolution, the drone camera market is segregated into 12 MP, 12 to 20 MP, 20 to 32 MP, and 32 MP & above. The 12 MP segment accounted for maximum market share in 2019, while 32 MP & above resolution camera is anticipated to lead the market during the forecast period, owing to increase in application in different industries such as agriculture, pipeline check, and border surveillance. In addition, the military use of drones supplements the growth of the global drone camera market.  

Factors such as technologically advanced products and promising growth rate of the drone market promote the growth of the global drone camera market. However, privacy & security concerns and the availability of high-resolution satellite imagery limit the growth of the drone camera market. On the contrary, rise in demand of drones across emerging nations and increase in application areas of drones such as GPS, LiDAR, and mapping services are anticipated offer remunerative opportunities for the expansion of the global market during the forecast period.

Key Findings Of The Study

  • By application, the surveillance segment is expected to register a significant growth during the forecast period.
  • Depending on resolution, the 20 to 32 MP segment is anticipated to exhibit significant growth in the near future.
  • Asia-Pacific is anticipated to register the highest CAGR.

Covid-19 Impact On The Industry

  • The widespread outbreak of the novel coronavirus led to a sudden closure of national and international transportation for months.
  • With the increasing number of active cases across different locations, containment zones were made where infected people were isolated. Drones equipped with camera were used to keep an eye on the patients as well as the contained locations.
  • Governments & local authorities opted the use of drones for surveillance to prevent people from gathering. In addition, governments entered into numerous agreements with different companies for the supply of drones, which have the ability of surveillance on a wider location.
  • To tackle the COVID situation, drones were used by law-enforcing authorities such as the local police or municipal authorities to monitor people’s movement and break up social gatherings that could pose a risk to society.
  • In addition to street surveillance, authorities are using drones to broadcast messages & information about lockdown measures, especially in rural areas that lack open communication channels for health information.

The key players analyzed in this report are 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.


 

 

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
 
 

First time buyer?
Check offers and discount on this report
To get this report

Click Here
 
 

quote Drone Camera Market by Type (SD Camera and HD Camera), Application (Photography & Videography, Thermal Imaging, and Surveillance), Resolution (12 MP, 12 to 20 MP, 20 to 32 MP, and 32 MP & Above), and End User (Commercial, Military, and Homeland security): Global Opportunity Analysis and Industry Forecast, 2020–2027 quote

View Report
 
 

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

WHY ALLIED MARKET RESEARCH?

INFLALLIBLE METHODOLOGY

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

ANALYST SUPPORT

For complete satisfaction

CUSTOMIZATION

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
rep-img

Published Date Nov 2024

Hybrid Cloud Market

Download Sample
rep-img

Published Date Oct 2024

Digital Substation Market

Download Sample

Buy Full Version
"Drone Camera Market"
Purchase Enquiry

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save the time of readers