Drone Camera Market Research Report—Global Forecast till 2030

Drone Camera Market Research Report: Information 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) and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America)—Forecast till 2030

ID: MRFR/SEM/9280-HCR | January 2022 | Region: Global | 141 pages

Drone Camera Market

The global Drone Camera market size is predicted to register a significant CAGR of ~29.08% during the forecast period and is projected to reach a market value of USD 66.6 billion by 2030.

Segmentation

Based on Type SD Camera HD Camera
Based on Application Photography & Videography Thermal Imaging Surveillance
Based on Resolution 12 MP 12 to 20 MP 20 to 32 MP 32 MP & Above
Based on End User Commercial Military Homeland security

Key Players

  • Sony Corporation (Japan)
  • Panasonic Corporation (Japan)
  • GoPro Inc. (US)
  • Canon Inc. (Japan)
  • FLIR Systems Inc. (US)

Drivers

  • Introduction of technologically advanced products
  • Promising growth rate of the drone market
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Drone Camera Market Overview:


The global Drone Camera market size is predicted to register a significant CAGR of ~29.08% during the forecast period and is projected to reach a market value of USD 66.6 billion by 2030.


The drone technology is continuously evolving with the introduction of new innovated and growing investments in the drone camera market. The Unmanned Aerial Vehicle (UAV) technology is the most innovated drone technology which covers everything starting from the materials required in manufacturing the physical UAV, aerodynamics of the drone, to the chipset, software and circuit boards which act as the brains of the drone. The First-person view (FPV) cameras are mounted on the drones which sends the user a real-time video with the use of a video transmitter. These cameras are light, small and reasonably priced. These cameras allow the user to locate the drone and look at the view captured by the drone camera. These drone cameras has its applications across commercial, industrial and military sectors. This Unmanned Aerial Vehicles (UAV), Flying Mini Robots, or the Miniature Pilotless Aircraft has broken through rigid traditional barriers in various industries. This has offered quick deliveries at a peak traffic to scanning an unreachable military base. The drone cameras are been considered very beneficial at places where it becomes impossible for a man to reach or are not able to perform in a timely and efficient manner. It helps in improving accuracy, reducing workload and production cost, resolving security issues, increasing work efficiency and productivity, refining customer and service on a vast scale to the industries across the globe.


COVID-19 Analysis


The outbreak of the COVID-19 pandemic has had a negative impact on the global economy as it has impacted various sectors, such as BFSI and IT & telecom, significantly. The pandemic has resulted in the implementation of lockdown restrictions and travel limitations in many countries across the globe, resulting in the disruption of the supply chain of goods and materials and the market demand. Moreover, the limitations on trades, shutting down manufacturing sites, and decline in the production rate, cash flow constraints, and unavailability of workers have led to the fall in the cash flow margins of the stakeholders in the global market. The virus mostly affected SMEs, but large organizations also had significant impacts. However, the COVID-19 has positively impacted the drone camera market across the globe. There has been reported attempts by different healthcare users for delivering and transporting the medical supplies, lab sample pick-ups, which has helped them to reduce the exposure to infection, also for aerial spraying of public areas to disinfect the potentially contaminated places, and for public space monitoring and guidance in the lockdown period.


Market Dynamics


The major factors driving the growth of the drone camera market are the introduction of technologically advanced products and promising growth rate of the drone market. However, privacy & security concerns is hindering the market growth. Although, rising demand of drones across emerging countries is creating an opportunity in the market.


DRIVERS



  • Introduction of technologically advanced products


There has been growing technological advancement in the drone camera market. The miniaturization is one of the key incremental development done in the market. The use of lighter and efficient batteries and new materials helps to build a better trade-offs between the drone and the maximum payload, flight range and maximum altitude. Further, the rise in autonomy of drones is the second major development in the market. The use of advanced technologies such as autonomous operations, in which the use of human operator to remotely control the drone is partially or completely excluded. The drones that are commercially available are mostly remotely controlled and also includes elements of autonomy such as software used for stabilization. The drones that are professionals used offers pre-program flights. This increasing use of autonomy to sense and avoid systems, determine the flight routes for performing evasive maneuvers such as airplanes and birds, as well as adaptability towards defensive reaction when under attack and weather changing conditions is anticipated to grow in the future years. The advancement is the use of drones in swarms which can be utilized as sensor networks. In this technology, the drone instead of following several people can only go after an individual thereby overcoming the concerns related to communication channels. Henceforth, this use of technologically advanced products and solutions for the drones is expected to boost the growth of the drone camera market.


RESTRAINTS



  • Privacy & security concerns


Despite the growth and rise in the global drone camera market, some factors hinder the market growth rate throughout the world. The privacy & security concerns in the global market is the major restraining factor responsible for the drawbacks in the market growth. The use of drones for collecting images and data without drawing the attention can lead to increase privacy issues among the public. To avoid the issues related to the national security and protect the public space, the government of different countries are formulating laws for the use of drone cameras thereby restricting the growth of the market.


Value chain analysis


The global drone camera market has witnessed significant growth in the past decade due to technological changes and is expected to grow at a steady rate in the upcoming years. The value chain analysis of the Drone Camera market comprises four major levels: chip designer followed by the fabrication, assemblies and end user.


Segmentation


The global drone camera market has been segmented based on type, application, resolution end user and region.


Based on type, the global drone camera market has been segmented into SD camera and HD camera.


Based on application, the global drone camera market has been segmented into photography & videography, thermal imaging and surveillance.


Based on resolution, the global drone camera market has been segmented into 12 MP, 12 to 20 MP, 20 to 32 MP and 32 MP & above.


Based on end user, the global drone camera market has been segmented into commercial, military and homeland security.


The drone camera market has been analyzed for five regions—North America, Europe, Asia-Pacific, Middle East & Africa and South America.


Regional Analysis


Geographically, the global drone camera market has been categorized as North America, Europe, the Asia-Pacific, the Middle East & Africa, and South America. North America is likely to be the dominant regional market due to the rising adoption of the drone cameras in the commercial and military sector among countries such as US, Canada and Mexico. Further the advancement in drone technologies is expected to grow the demand for the market. The Asia Pacific region is expected to generate a remarkable growth rate during the forecast period due to the growing government initiatives for regulating the commercial use and enhance the safety with the drone cameras. The growth of the drone camera market in Europe is expected to generate a notable growth owing to the rising investment by the players in upgrading and developing the models of drone cameras across UK, France, Germany and other nations. The Middle East & Africa and South America is expected to be influenced by the growing adoption of drones in the construction, for 2D and 3D modelling and mapping, waste reduction, land surveying and other purposes.  


Competitive Analysis


The global drone camera market is witnessing high growth mainly due to the growing need for managing complex supply chain operations and database management solutions and increasing demand for waterway transportation activities. Major players have opted for partnerships, acquisitions, and product developments as their key organic growth strategies to enhance their positions in the market and cater to the demands of organizations across end-use verticals. Additionally, the industry players are working towards advancing their product offerings to cater to the rising needs of end-use organizations to provide robust services intended towards achieving accuracy and sustaining the clients for longer relationships.


Key Players



  • Sony Corporation (Japan)

  • Panasonic Corporation (Japan)

  • GoPro, Inc. (US)

  • Canon Inc. (Japan)

  • FLIR Systems, Inc. (US)


The key players in the global Drone Camera market are identified based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. These include Aerialtronics DV B.V (Netherlands), Canon Inc. (Japan), Controp Precision Technologies Ltd. (Israel), DJI (China), DST Control (US), FLIR Systems, Inc. (US), Garmin Ltd.(US), GoPro, Inc. (US), Panasonic Corporation (Japan) and Sony Corporation (Japan). The key strategies adopted by most market players are partnerships, acquisitions, agreements/collaborations, and product developments, among others.


Key Developments



  • On 9th June 2021, Sony Corporation announced its Airpeak S1 drone which is a professional drone and tested at CES 2021. This announcement includes information related on the drone’s features, capabilities, and price tag for the drone sans gimbal or camera aiming at the professional video market.  

  • On 10th April 2019, FLIR Systems Inc. and DroneBase Inc. announced that FLIR has made a strategic investment in DroneBase which is a global drone operations company providing business access to one of the largest Unmanned Aerial Surveillance (UAS) pilot networks.

  • On 22nd July 2016, Panasonic Corporation developed a prototype of a drone system, the balloncam(TM) that combines a drone with balloons. This camera can be used to push the boundaries of event production and combine it with other Panasonic products such as projectors.


Report Overview


This study estimates revenue growth at the global, regional, and country levels and offers an overview of the latest developments in each of the sub-sectors from 2018 to 2030. For this analysis, MRFR segmented the Drone Camera market has based on type, application, resolution, end user, and region/country.



  • Based on Type

    • SD Camera

    • HD Camera



  • Based on Application

    • Photography & Videography

    • Thermal Imaging

    • Surveillance



  • Based on Resolution

    • 12 MP

    • 12 to 20 MP

    • 20 to 32 MP

    • 32 MP & Above



  • Based on End User

    • Commercial

    • Military

    • Homeland security



  • Based on Region

    • North America

    • Europe

    • Asia-Pacific

    • Middle East & Africa

    • South America





Report Scope:
Report Attribute/Metric Details
  Market Size   
  CAGR   29.08%
  Base Year   2020
  Forecast Period   2021–2030
  Historical Data   2018 & 2019
  Forecast Units   
  Report Coverage   
  Segments Covered   • Type (SD Camera, HD Camera) • Application (Photography & Videography, Thermal Imaging, Surveillance) • Resolution (12 MP, 12 to 20 MP, 20 to 32 MP, 32 MP & Above) • End User (Commercial, Military, Homeland security)
  Geographies Covered   • North America (US, Canada, and Mexico) • Europe (UK, Germany, France, and Rest of Europe) • Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific) • Middle East & Africa • South America
  Key Vendors   • Aerialtronics DV B.V • Canon Inc. • Controp Precision Technologies Ltd. • DJI • DST Control • FLIR Systems, Inc. • Garmin Ltd. • GoPro, Inc. • Panasonic Corporation • Sony Corporation
  Key Market Opportunities   
  Key Market Drivers   • Drivers • Introduction of technologically advanced products • Promising growth rate of the drone market • Opportunities • Rising demand of drones across emerging countries • Restraint • Privacy & security concerns • Impact of COVID-19 • Impact on Semiconductor Manufacturers • Impact on Component Manufacturers • Impact on Device Manufacturers • Covid-19 Impact on Supply Chain Delays


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Frequently Asked Questions (FAQ) :

The global Drone Camera market was valued at USD ~3.7 billion in 2020.

The global Drone Camera market is expected to exhibit an ~29.08% CAGR rate by 2030.

The North America region currently dominates the market and is expected to retain its dominance throughout the forecast period.

Military segment is the most demanding end user in the global Drone Camera market.