The drone camera market was value at US$ 5.43 billion in 2021; it is expected to register at a compound annual growth rate (CAGR)of 20.6% during 2022–2028.
A drone camera is a compact camera system that is integrated with drones for photography and videography, thermal imaging, surveillance, mapping, and other applications. The rising adoption of drones for these applications among industries such as construction, agriculture, defense, and law enforcement is contributing to the drone camera market growth. In addition, the companies operating in the drone camera market are investing substantially in respective R&D teams to develop robust high definition and full high definition cameras in the current scenario. This pertains to the continuous demand for such cameras amongst the end users.
MARKET DYNAMICS
The drone camera market is expected to witness significant growth opportunities during the forecast period, mainly due to the rising demand for drones in defense and commercial applications. In the construction industry, drones are increasingly deployed for applications such as surveillance and mapping. A rise in the adoption of digital solutions across the industry for automating various processes and reducing overall operational costs is adding to the demand for camera-integrated drones.
MARKET SCOPE
The "Global Drone Camera Market Analysis to 2028" is a specialized and in-depth study with an emphasis on the global market trend analysis, and opportunities prevailing in the market. The report aims to provide an overview of the market with a detailed segmentation based on type, application, resolution, and end user. The drone camera market report provides key market statistics based on the revenue performances of the leading market players. and offers in the market.
Strategic Insights
MARKET SEGMENTATION
The drone camera market is segmented on the basis of type, application, resolution, and end user. Based on type, the market is segmented into embedded camera, infrared camera, and thermal camera. In terms of application, the market is segmented into photography and videography, thermal imaging, and surveillance and mapping. The drone camera market, by resolution, is segmented into below 12 MP, 12–20 MP, 20–32 MP, and above 32 MP. Based on end user, the market is segmented into entertainment and media, defense and law enforcement, transport and logistics, construction, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the drone camera market, including qualitative and quantitative information. It provides market size for the base year (2021) and current year (2022), along with providing estimates for the forecast period of 2022–2028 with respect to five major regions, namely, North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America. The market in each region is further segmented into respective countries and segments. The report covers an analysis and forecast of 18 countries, along with current trends and opportunities prevailing in the region.
North America dominated the drone camera market in 2021, followed by Europe. The dominance of North America is majorly due to the presence of many drone and drone camera manufacturers in the region.
Source: The Insight Partners Analysis
The report analyzes factors affecting the drone camera market from the demand and supply sides. Further, it evaluates market dynamics, i.e., drivers, restraints, opportunities, and future trends, influencing the market progress. The report also provides an exhaustive Porter's Five Forces analysis of the market.
IMPACT OF COVID-19 PANDEMIC
The COVID-19 pandemic hindered the drone camera market’s growth in the first two quarters of 2020. The sudden shutdown of all economic activities and travel restrictions imposed by several government bodies adversely affected the supply chains, thereby impacting the production of cameras and camera-integrated drones. Nevertheless, the pandemic also triggered the adoption of drones in several industries, as they focused on for reducing human involvement in their processes. This helped companies in the drone camera market to revive in the Q3 of 2020.
MARKET PLAYERS
The report on the drone camera market highlights key organic and inorganic growth strategies implemented by market players. Organic growth strategies adopted by market players include product launches, product approvals, and patents and events. Further, the inorganic growth strategies witnessed in the market include acquisitions, partnerships, and collaborations. These activities have paved the way for the expansion of businesses and customer bases of market players.
The report also includes the profiles of key companies in the drone camera market, focusing on their SWOT analysis and market strategies. The company profile section focuses on leading industry players, providing information such as components and services offered, financial information for the last 3 years, and key development in the past 5 years. The list of a few companies engaged in the drone camera market is given below:
- Workswell
- Canon Inc.
- Controp Precision Technologies Ltd.
- Kappa optronics GmbH
- BaySpec, Inc.
- FLIR Systems, Inc.
- Homeland Surveillance & Electronics, LLC
- Adorama
- Octopus ISR Systems
- Phase One
The dedicated research and analysis team at The Insight Partner consists of experienced professionals with advanced statistical expertise. The team also offers various customization options in the existing study.