The Drone Camera Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Drone Camera Global Market Report 2024, The drone camera market size has grown exponentially in recent years. It will grow from $8.67 billion in 2023 to $11.31 billion in 2024 at a compound annual growth rate (CAGR) of 30.5%. The growth in the historic period can be attributed to rise of consumer drones, surge in aerial photography and videography, professional applications in filmmaking, applications in agriculture and surveying, government and defense usage..
The drone camera market size is expected to see exponential growth in the next few years. It will grow to $32.85 billion in 2028 at a compound annual growth rate (CAGR) of 30.5%. The growth in the forecast period can be attributed to integration into commercial and industrial sectors, expansion of drone-based services, emergence of autonomous drones, continued growth in consumer applications.. Major trends in the forecast period include enhancements in autonomous flight modes, expansion of professional and industrial use cases, integration of thermal and multispectral imaging, focus on user-friendly interfaces and apps, regulatory compliance and safety features..
The increase in the use of drones in several industries is expected to propel the growth of the drone camera market in the coming future. Drones are any automated aerial aircraft that accept small orders from their pilots or depend on technology for autonomous flying. The increase in the use of drones in several industries like agriculture, construction, and the military is expanding the drone camera market as they increase accuracy, give safer alternatives for workers, and promote efficiency. For instance, in December 2021, according to the Federal Aviation Administration, a US-based transportation agency, by the end of 2021, approximately 1.37 million new drone operators had registered with the FAA. Further, between January and December 2021, the average number of new owner registrations was roughly 10,300. Therefore, the increase in the use of drones in several industries is driving the drone camera market.
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The drone camera market covered in this report is segmented –
1) By Type: SD Camera, HD Camera
2) By Resolution: 12 MP, 12 to 20 MP, 20 to 32 MP, 32 MP, and above
3) By Application: Photography And Videography, Thermal Imaging, Surveillance
4) By End User: Commercial, Military, Homeland security
Product innovation is the key trend gaining popularity in the drone camera market. Major companies operating in the drone camera market are focused on developing innovative products to strengthen their position in the market. For instance, in April 2023, DJI, a China-based company that manufactures drones and uncrewed aerial vehicles, launched the DJI Matrice 350 RTK (M350 RTK). It is an updated flagship drone system that is more versatile, safer, and efficient for any airborne activity, including safety for the public, energy, mapping, infrastructure, and forestry, to mention a few. Other unique features include a payload capacity of 2.7kg and a maximum flying length of 55 minutes, giving operators a variety of payloads to accomplish their mission. Furthermore, with triple-channel 1080p HD streams and a maximum transmission distance of 20 kilometers, other perks include increased flying safety, increased efficiency, and lower flight costs.
The drone camera market report table of contents includes:
1. Executive Summary
2. Drone Camera Market Characteristics
3. Drone Camera Market Trends And Strategies
4. Drone Camera Market – Macro Economic Scenario
5. Global Drone Camera Market Size and Growth
….
31. Global Drone Camera Market Competitive Benchmarking
32. Global Drone Camera Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Drone Camera Market
34. Drone Camera Market Future Outlook and Potential Analysis
35. Appendix
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