The Drone Camera Market Size was valued at USD 8.69 billion in 2023 and is expected to reach USD 37.91 billion by 2031 and grow at a CAGR of 20.3% over the forecast period 2024-2031.
A drone camera is a device that is installed in a drone and is used to record videos or take photos while the drone is flying. Drone cameras are used for a variety of tasks including product and food delivery, surveillance over a specific area, and thermal imaging. The increased use of drones in various industries has increased the demand for high resolution cameras to be installed in drones, which are capable of taking high-quality images from a wider angle. Furthermore, increases in defence spending have enabled governments in various countries to enter into agreements with drone and component manufacturers such as DJI and GoPro Technologies Ltd. to offer better and more advanced products, which has aided the growth of the drone camera market globally.
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KEY DRIVERS:
The drone market is expanding at a rapid pace.
Product introduction of technologically advanced products.
RESTRAINTS:
Concerns about privacy and security.
High-resolution satellite imagery is available.
OPPORTUNITIES:
Industry technological advancements.
Drones are becoming increasingly popular in emerging markets.
The expansion of drone camera application areas such as GPS, lidar, and mapping services is expected to provide lucrative opportunities.
CHALLENGES:
This will be covered under the final version of the report.
The novel coronavirus's widespread outbreak resulted in the abrupt closure of national and international transportation for months. With the growing number of active cases in various locations, containment zones were established to isolate infected people. Drones with cameras were used to monitor the patients as well as the contained areas. Drones were used for surveillance by governments and local authorities to prevent people from gathering. Furthermore, governments entered into numerous agreements with various companies for the supply of drones capable of wide-area surveillance. To combat the COVID situation, law enforcement authorities such as local police or municipal authorities used drones to monitor people's movements and break up social gatherings that could endanger society. Aside from street surveillance, authorities are using drones to broadcast messages and information about lockdown measures, particularly in rural areas where open communication channels for health information are unavailable.
Based on Type, the drone camera market is segmented into HD camera and SD camera. HD camera is expected to boost the market growth.
Based on Resolution, the drone camera market is segmented into 12 MP, 12 to 20 MP, 20 to 32 MP and 32 MP and above.
Based on Application, the drone camera market is segmented into Thermal Imaging, Photography & Videography and Surveillance.
Based on End User, the drone camera market is segmented into Commercial, Homeland security and Military.
BY TYPE
HD camera
SD camera
BY RESOLUTION
12 MP
12 to 20 MP
20 to 32 MP
32 MP and above
BY APPLICATION
Thermal Imaging
Photography & Videography
Surveillance
BY END USER
Commercial
Homeland security
Military
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The global drone camera market has been divided into five regions: North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. North America is expected to be the dominant regional market due to rising commercial and military adoption of drone cameras in countries such as the United States, Canada, and Mexico.
The advancement of drone technologies is expected to increase market demand. Due to growing government initiatives to regulate commercial use and improve safety with drone cameras, the Asia Pacific region is expected to generate a remarkable growth rate during the forecast period. The European drone camera market is expected to grow significantly due to rising investment by players in upgrading and developing drone camera models in the United Kingdom, France, Germany, and other countries. The growing use of drones in construction, for 2D and 3D modelling and mapping, waste reduction, land surveying, and other purposes, is expected to have an impact on the Middle East and Africa, as well as South America.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The key players in thedrone camera market are Aerialtronics DV, Controp Precision Technologies, DST Control, Garmin, Panasonic Corporation, Canon, DJI, FLIR Systems, GoPro, Sony Corporation & Other Players.
Controp Precision Technologies-Company Financial Analysis
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 8.69 Billion |
| Market Size by 2031 | US$ 37.91 Billion |
| CAGR | CAGR of 20.3% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Type (HD Camera, SD Camera) • By Resolution (12 MP, 12 To 20 MP, 20 To 32 MP, 32 MP And Above) • By Application (Thermal Imaging, Photography & Videography, Surveillance) • By End User (Commercial, Homeland Security, Military) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Aerialtronics DV, Controp Precision Technologies, DST Control, Garmin, Panasonic Corporation, Canon, DJI, FLIR Systems, GoPro and Sony Corporation. |
| Key Drivers | • The drone market is expanding at a rapid pace. • Product introduction of technologically advanced products. |
| Restraints | • Concerns about privacy and security. • High-resolution satellite imagery is available. |
The Drone Camera Market size was valued at USD 8.69 billion in 2023 at a CAGR of 20.3%.
The market value is expected to reach USD 37.91 billion by 2031.
The market has been segmented with respect to type, resolution, application and end-user.
Top-down research, bottom-up research, qualitative research, quantitative research, and Fundamental research.
Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Drone Camera Market Segmentation, by type
8.1Introduction
8.2 HD camera
SD camera
9. Drone Camera Market Segmentation, by resolution
9.1Introduction
9.2 12 MP
9.3 12 to 20 MP
9.4 20 to 32 MP
9.5 32 MP and above
10. Drone Camera Market Segmentation, by application
10.1 Introduction
10.2 Thermal Imaging
10.3 Photography & Videography
10.4 Surveillance
11. Drone Camera Market Segmentation, by end user
11.1 Introduction
11.2 Commercial
11.3 Homeland security
11.4 Military
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 USA
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 France
12.3.4 Italy
12.3.5 Spain
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4 Asia-Pacific
12.4.1 Japan
12.4.2 South Korea
12.4.3 China
12.4.4 India
12.4.5 Australia
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.1 Israel
12.5.2 UAE
12.5.3 South Africa
12.5.4 Rest
12.6 Latin America
12.6.1 Brazil
12.6.2 Argentina
12.6.3 Rest of Latin America
13.Company Profiles
13.1 DJI
13.1.1 Financial
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2 Aerialtronics DV
13.3 Controp Precision Technologies
13.4 DST Control
13.5 Garmin
13.6Panasonic Corporation
13.7 Canon
13.8 FLIR Systems
13.9 GoPro
13.10 Sony Corporation
14.Competitive Landscape
14.1 Competitive Benchmark
14.2 Market Share analysis
14.3 Recent Developments
15.Conclusion
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