The global drone camera market size reached US$ 8.6 Billion in 2023. Looking forward, the market is expected to reach US$ 71.8 Billion by 2032, exhibiting a growth rate (CAGR) of 26.6% during 2023-2032. The drone camera market demand is experiencing steady growth driven by rapid technological advancements, expanding applications of the product, strong regulatory support, decreasing cost of the product, and the growing need for real-time data collection and analysis in various industries.
The drone camera is commonly used for filmmaking, industries, and surveillance. Moreover, the stabilization feature has been improved substantially. It makes the drone footage look professional and smooth. It has also manufactured miniature components which enables powerful imaging features. The inclusion of wireless transmissions and 5G technology enables the high-resolution streaming of footage on mobile phones or any other devices and has broadened up new possibilities.
are using the drone camera consistently which embarks on its versatility and unique features. The advancement in technology has improved battery life, stability, and other dignified features which has boosted its adoption across industries. Additionally, the ongoing process of the inclusion of artificial intelligence, image processing, and flight capabilities has fueled the demand in the market.
The manufacturers have used innovative designs to attain efficiency and affordability. It offers a wider range of options, making it affordable and accessible to consumers. There has been a rapid improvement in the supply chain and distribution networks, facilitating effective delivery to the consumers and thus reduced costs. With reduced costs, the drone camera market has become increasingly accessible to consumers.
The rise of HD cameras is a crucial factor in the expanding drone camera market. None can beat HD cameras when it comes to image quality and sharpness; these features enable drone operators to make incredible footage at any time for diverse applications like photography, videography, mapping, and surveillance. With customers and companies having an interest in leveraging such professional aerial filming capabilities for both business purposes and leisure activities, there has been a spike in demand for HD cameras in drones.
Consequently, this has led to the adoption by businesses in sectors like farming, building, film making as well as public safety thereby bringing about a detailed top view that serves as a reference point especially with regard to crop growth around farms or inspection of other tall structures even when they are not accessible on foot. Also, improved sensors, image processing algorithms, stabilization mechanisms among others have made advancements in HD Camera technology that have boosted their performance and versatility leading to more market growth and innovation.
The drone camera market is being considerably pushed by the inclusion of 12 MP resolution cameras. With a combination of image quality and file size, drones can use 12 MP resolution cameras to capture high-definition aerial video that has thorough clarity and detail. This resolution is particularly appealing to both professional and non-professional users who require sharp pictures and videos for various purposes such as photography, videography, mapping, as well as inspection tasks. The adoption of 12 MP resolution cameras in drones by different industries like real estate, agriculture, construction, media production etc, has played an important role in boosting market growth rates.
Furthermore, with ease of accessibility to 12 MP resolutions cameras in them democratizing the aerial imaging made enthusiasts and professionals able to maximize their creativity and productivity by making wonderful captures from above the sky. As technology keeps changing, the integration of 12 MP resolution cameras will continue to drive innovation and expansion within the drone camera market.
The drone camera industry is driven by two main factors, videography and photography. Developed drones with high-quality cameras have changed the aerial photography and videography field thus enabling views that were not envisaged before or even thought of by creative people. Drone cameras are used by professional photographers and filmmakers to capture breathtaking stills and video clips for many purposes including advertising, film-making, landscape documentation, and event coverage among others. Additionally, drone technology has made aerial photography available to all enabling any enthusiast or hobbyist to boldly explore the heavens above and manifest their creativity.
The demand for stunning perspective photographs as well as cinematic imagery keeps growing in sectors like real estate, tourism, entertainment as well as media production. This is why the interrelation between photography, videography, and drone technology is an impetus for further development of this branch of production which affects the whole process of visual storytelling creation through drones today directing its course towards future trends.
The military sector has a great impact on driving developments and innovations within the drone camera industry. It is important to realize that military applications require highly specialized drone cameras with real-time, high-resolution imagery for reconnaissance, surveillance, and intelligence-gathering purposes. The above-mentioned advanced systems of cameras thus equip soldiers with crucial situational awareness which allows them to comprehend and inspect changeable surroundings exactly. Besides, military drones often have to accommodate special features like infrared imaging capabilities, night vision capacity as well as long-range zoom lenses in order to be efficiently used in different tough environments.
In addition, this massive investment by the military into drones leads to new camera technologies while at the same time enabling economies of scale that would result into easier accessibility of these complex imaging technologies to commercial and consumer markets. By 2025, the military sector is expected to account for more than 71% share globally when it comes to the drone market. A significant proportion of the drone market focuses on military uses hence being able to benefit from economies of scale in manufacturing drone cameras. It is possible that increased volumes for production might lead into low costs of production thereby making high-quality drones affordable to commercial and consumer markets.
The drone camera market is driven in large part by North America growth due to a variety of reasons. The region has robust drone manufacturers, innovative start-ups, and camera tech firms that foster a fast-paced environment for technology enhancement and industry growth. North America hosts several end-users including enthusiasts, practitioners as well as industrial players who contribute toward the demand for drone cameras.
Additionally, it should be noted that the region is characterized by strong investments in R&D with a high knowledge base regarding the operations of drones thereby driving market growth. The North American drone market is anticipated to surpass $12.2 billion by 2030. As North America pushes ahead with investment into drone technology across its sectors, there will be an increasing need for advanced camera systems driven by the growing demand for drones hence leading to growth in the market for drone cameras.
2. What is the expected growth rate of the global drone camera market during 2024-2032?
3. What has been the impact of COVID-19 on the global drone camera market?
4. What are the key factors driving the global drone camera market?
5. What is the breakup of the global drone camera market based on the type?
6. What is the breakup of the global drone camera market based on the resolution?
7. What is the breakup of the global drone camera market based on the application?
8. What is the breakup of the global drone camera market based on the end user?
9. What are the key regions in the global drone camera market?
10. Who are the key players/companies in the global drone camera market?
Drone Camera Market Analysis:
- Major Market Drivers: The increasing applications of drones in sectors such as agriculture, construction, and filmmaking are driving the drone camera market outlook.
- Key Market Trends: Key trends include increasing demand for drone swarms for aerial tasks. This is positively impacting the drone camera market revenue.
- Geographical Trends: North America leads the drone camera market value due to increasing demand for the product across various industries. In 2023, it is expected that more than 823,000 drones will be sold in the USA. This will positively impact the demand for drone cameras as consumers and businesses purchasing these drones will seek high-quality cameras to capture aerial footage for various purposes. The drone camera market forecast for Asia Pacific is also expected to witness growth.
- Competitive Landscape: Parrot SA and Panasonic Corporation are some of the market players driving the drone camera market growth.
- Challenges and Opportunities: Challenges include concerns over privacy and security. The drone camera market opportunities lie in the expansion into emerging markets and integration with other technologies.
Drone Camera Market Trends:
Technological advancements
The drone camera market demand has witnessed a remarkable expansion due to ongoing technological advancements. The drone camera has innovated and transformed the arena of photography and videography. Some of the basic features that attributed to the growth of the drone camera market are, firstly the improved version of the camera sensor has enhanced the quality of photos and videos. Having high resolution, dynamics, and low-light performance enables the drone to capture appealing visuals.The drone camera is commonly used for filmmaking, industries, and surveillance. Moreover, the stabilization feature has been improved substantially. It makes the drone footage look professional and smooth. It has also manufactured miniature components which enables powerful imaging features. The inclusion of wireless transmissions and 5G technology enables the high-resolution streaming of footage on mobile phones or any other devices and has broadened up new possibilities.
Increasing usage of drone cameras
The drone camera market analysis has substantially witnessed a rise in the usage of drone cameras. Market expansion and diversity have greatly attributed to the increasing usage of drone cameras across diversified industries. The drone camera can be easily accessed by people. Accessibility and affordability have promoted high-quality photography and videography. Nowadays, professionals or individuals can easily use the drone camera. This has substantially increased the demand rate in the market. Moreover, diversified industries including filmmaking, agriculture, construction, environmental department, etc.are using the drone camera consistently which embarks on its versatility and unique features. The advancement in technology has improved battery life, stability, and other dignified features which has boosted its adoption across industries. Additionally, the ongoing process of the inclusion of artificial intelligence, image processing, and flight capabilities has fueled the demand in the market.
Decreasing costs of drone cameras
The rapid expansion and transformation of the drone camera have substantially decreased the costs and affected the drone camera market price. There are several factors that attributed to this trend. There has been a sudden increase in the demand for drone cameras in the market. The economic scale and the enhanced manufacturing process have reduced the costs of the production of drone cameras. The manufacturers use bulk production techniques and ideas to reduce the production cost which eventually results in the savings of the consumers. Moreover, the advancement in technology has led to the development of innovative components without compromising quality and performance.The manufacturers have used innovative designs to attain efficiency and affordability. It offers a wider range of options, making it affordable and accessible to consumers. There has been a rapid improvement in the supply chain and distribution networks, facilitating effective delivery to the consumers and thus reduced costs. With reduced costs, the drone camera market has become increasingly accessible to consumers.
Drone Camera Industry Segmentation:
This report provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2024-2032. The report has categorized the market based on type, resolution, application, and end user.Breakup by Type:
- SD camera
- HD camera
HD camera accounts for the majority of the market share
The report has provided a detailed breakup and analysis of the market based on the type. This includes SD camera and HD camera. According to the report, HD camera represented the largest segment.The rise of HD cameras is a crucial factor in the expanding drone camera market. None can beat HD cameras when it comes to image quality and sharpness; these features enable drone operators to make incredible footage at any time for diverse applications like photography, videography, mapping, and surveillance. With customers and companies having an interest in leveraging such professional aerial filming capabilities for both business purposes and leisure activities, there has been a spike in demand for HD cameras in drones.
Consequently, this has led to the adoption by businesses in sectors like farming, building, film making as well as public safety thereby bringing about a detailed top view that serves as a reference point especially with regard to crop growth around farms or inspection of other tall structures even when they are not accessible on foot. Also, improved sensors, image processing algorithms, stabilization mechanisms among others have made advancements in HD Camera technology that have boosted their performance and versatility leading to more market growth and innovation.
Breakup by Resolution:
- 12 MP
- 12 to 20 MP
- 20 to 32 MP
- 32 MP and above
12 MP holds the largest share of the industry
A detailed breakup and analysis of the market based on the resolution have also been provided in the report. This includes 12 MP, 12 to 20 MP, 20 to 32 MP, and 32 MP and above. According to the report, 12 MP accounted for the largest market share.The drone camera market is being considerably pushed by the inclusion of 12 MP resolution cameras. With a combination of image quality and file size, drones can use 12 MP resolution cameras to capture high-definition aerial video that has thorough clarity and detail. This resolution is particularly appealing to both professional and non-professional users who require sharp pictures and videos for various purposes such as photography, videography, mapping, as well as inspection tasks. The adoption of 12 MP resolution cameras in drones by different industries like real estate, agriculture, construction, media production etc, has played an important role in boosting market growth rates.
Furthermore, with ease of accessibility to 12 MP resolutions cameras in them democratizing the aerial imaging made enthusiasts and professionals able to maximize their creativity and productivity by making wonderful captures from above the sky. As technology keeps changing, the integration of 12 MP resolution cameras will continue to drive innovation and expansion within the drone camera market.
Breakup by Application:
- Photography and Videography
- Thermal Imaging
Photography and videography represent the leading market segment
The report has provided a detailed breakup and analysis of the market based on the application. This includes photography and videography and thermal imaging. According to the report, photography and videography represented the largest segment.The drone camera industry is driven by two main factors, videography and photography. Developed drones with high-quality cameras have changed the aerial photography and videography field thus enabling views that were not envisaged before or even thought of by creative people. Drone cameras are used by professional photographers and filmmakers to capture breathtaking stills and video clips for many purposes including advertising, film-making, landscape documentation, and event coverage among others. Additionally, drone technology has made aerial photography available to all enabling any enthusiast or hobbyist to boldly explore the heavens above and manifest their creativity.
The demand for stunning perspective photographs as well as cinematic imagery keeps growing in sectors like real estate, tourism, entertainment as well as media production. This is why the interrelation between photography, videography, and drone technology is an impetus for further development of this branch of production which affects the whole process of visual storytelling creation through drones today directing its course towards future trends.
Breakup by End User:
- Commercial
- Military
- Homeland Security
Military represents the leading market segment
The report has provided a detailed breakup and analysis of the market based on the end user. This includes commercial, military, and homeland security. According to the report, the military represented the largest segment.The military sector has a great impact on driving developments and innovations within the drone camera industry. It is important to realize that military applications require highly specialized drone cameras with real-time, high-resolution imagery for reconnaissance, surveillance, and intelligence-gathering purposes. The above-mentioned advanced systems of cameras thus equip soldiers with crucial situational awareness which allows them to comprehend and inspect changeable surroundings exactly. Besides, military drones often have to accommodate special features like infrared imaging capabilities, night vision capacity as well as long-range zoom lenses in order to be efficiently used in different tough environments.
In addition, this massive investment by the military into drones leads to new camera technologies while at the same time enabling economies of scale that would result into easier accessibility of these complex imaging technologies to commercial and consumer markets. By 2025, the military sector is expected to account for more than 71% share globally when it comes to the drone market. A significant proportion of the drone market focuses on military uses hence being able to benefit from economies of scale in manufacturing drone cameras. It is possible that increased volumes for production might lead into low costs of production thereby making high-quality drones affordable to commercial and consumer markets.
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
North America leads the market, accounting for the largest drone camera market share
The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America accounted for the largest market share.The drone camera market is driven in large part by North America growth due to a variety of reasons. The region has robust drone manufacturers, innovative start-ups, and camera tech firms that foster a fast-paced environment for technology enhancement and industry growth. North America hosts several end-users including enthusiasts, practitioners as well as industrial players who contribute toward the demand for drone cameras.
Additionally, it should be noted that the region is characterized by strong investments in R&D with a high knowledge base regarding the operations of drones thereby driving market growth. The North American drone market is anticipated to surpass $12.2 billion by 2030. As North America pushes ahead with investment into drone technology across its sectors, there will be an increasing need for advanced camera systems driven by the growing demand for drones hence leading to growth in the market for drone cameras.
Competitive Landscape:
The market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:- AiDrones GmbH
- Canon Inc.
- Gopro Inc.
- Guangzhou EHang Intelligent Technology Co.Ltd.
- Kespry Inc.
- Panasonic Corporation
- Parrot SA
- Quantum-Systems GmbH
- Shenzhen Dajiang Lingmou Technology Co.Ltd. (iFlight Technology Company Limited)
- Skydio Inc.
- Sony Group Corporation
- Yuneec International
Latest News:
- November 3, 2023: Canon Inc. announced the launch of RF200-800mm f/6.3-9 IS USM, the first super-telephoto zoom lens to reach as far as 800mm.
- September 6, 2023: Gopro Inc. announced the launch of its new HERO12 Black camera. Priced at $399.99, GoPro's latest flagship camera enhances the remarkable performance of its predecessor. With an improved power management system, it offers up to 2x longer runtimes, stunning HDR video in industry-leading 5.3K and 4K resolutions, Bluetooth audio device compatibility such as Apple AirPods, and upgraded HyperSmooth 6.0 video stabilization. Additionally, it introduces a range of powerful new features catering to both new users and professionals.
- March 22, 2024: Panasonic Corporation introduced sustainable products and solutions at CES 2024.
Key Questions Answered in This Report
1. What was the size of the global drone camera market in 2023?2. What is the expected growth rate of the global drone camera market during 2024-2032?
3. What has been the impact of COVID-19 on the global drone camera market?
4. What are the key factors driving the global drone camera market?
5. What is the breakup of the global drone camera market based on the type?
6. What is the breakup of the global drone camera market based on the resolution?
7. What is the breakup of the global drone camera market based on the application?
8. What is the breakup of the global drone camera market based on the end user?
9. What are the key regions in the global drone camera market?
10. Who are the key players/companies in the global drone camera market?
Table of Contents
1 Preface3 Executive Summary12 Value Chain Analysis14 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Drone Camera Market
6 Market Breakup by Type
7 Market Breakup by Resolution
8 Market Breakup by Application
9 Market Breakup by End User
10 Market Breakup by Region
11 SWOT Analysis
13 Porters Five Forces Analysis
15 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- AiDrones GmbH
- Canon Inc.
- Gopro Inc.
- Guangzhou EHang Intelligent Technology Co.Ltd.
- Kespry Inc.
- Panasonic Corporation
- Parrot SA
- Quantum-Systems GmbH
- Shenzhen Dajiang Lingmou Technology Co.Ltd. (iFlight Technology Company Limited)
- Skydio Inc.
- Sony Group Corporation
- Yuneec International
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 143 |
| Published | September 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 8.6 Billion |
| Forecasted Market Value ( USD | $ 71.8 Billion |
| Compound Annual Growth Rate | 26.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
