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 | February 2023 | Region: Global | 141 Pages         

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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
Companies Profiled   Sony Corporation (Japan)   Panasonic Corporation (Japan)   GoPro Inc. (US)   Canon Inc. (Japan)   FLIR Systems Inc. (US)
Drivers
Market Driving Forces   Introduction of technologically advanced products   Promising growth rate of the drone market
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Drone Camera Market Overview


A drone camera is a device installed in a drone and is used to record videos or capture photos while the drone is flying. Drone cameras have several applicational operations such as product & food delivery, surveillance over a specific area, and thermal imaging. The rising application of drones in different industries has propelled the demand for high-resolution cameras to be installed as they can take efficient quality images from a wider angle. Moreover, an increase in the defence budget has enabled governments of various countries to enter with drone & component manufacturers. Such as DJI, GoPro, and Controp Precision Technologies Ltd., to offer better & advanced products to supplement the growth of the drone camera market across the globe. The Drone Camera market will 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. It is a beneficial system for human use. Covid 19 has reportedly increased the market growth. Expanding the use of light and efficient batteries and growing technological advancement will increase the market growth.


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.


Recent Developments


April 2022


Snapchat has held its annual Partner Summit. It announced a range of new tools and features, including advanced AR tools for eCommerce brands and improved systems to help more businesses create AR experiences. And a little drone called 'Pixy' will follow you around and upload the video to the app.


Snap is working on a drone called Pixy, and the whole thing just leaked with a huge amount of details, including photos and a seemingly unfinished user manual published by the FCC. It's small: rulers in the images indicate the drone is roughly 130 millimetres wide and 120 millimetres tall, which translates to approximately 5.1 inches by 4.7 inches.


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.