VANCOUVER, B.C., Nov. 30, 2021 /PRNewswire/ -- The global drone
camera market size was USD 4.32
Billion in 2020. Increased adoption of drone cameras in
various end-use industries such as military, homeland security, and
commercial sector, among others is driving market revenue growth to
a significant extent.
Drivers: Increase in Demand for Drone Cameras for
Surveillance
Drone with camera can be used as a close observatory device due
to higher maneuverability, which allows free movement in desired
locations. Drones mounted with cameras, sensors, and GPS tracking
help to keep an eye on streets, buildings, and various activities
of different groups of people. Surveillance drones can also perform
quick perimeter patrols and are generally five times faster than
traditional drones. Instead of using helicopters for aerial
surveillance, which is comparatively costlier, drone cameras offer
a significant cost reduction. They also provide live streaming,
which makes them excellent devices for the media and entertainment
industry, especially for live broadcasting.
Drone fitted with camera can transform the way data is
collected. Such devices are fast and can visit places or locations
where humans cannot. They produce minimal sound, are fitted with
thermal sensors, and some are night-vision capable, which makes
them very useful for applications in the defense sector. Owing to
others and these factors, an increasing number of end
users are opting to use drone cameras instead of manual
workers for surveys and monitoring, which is boosting revenue
growth of the global drone camera market.
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Restraints: Rules and Regulations Imposed by Government of
Different Countries
Drone cameras can cause concerns related to public privacy and
can create national security risks or concerns. For this reason,
governments of different countries have laid down various drone
regulations and laws to protect privacy of citizens and national
security of respective countries. For example, in the U.K., the
Civil Aviation Authority (CAA) stated that private and commercial
UAVs can fly only up to 400 feet or 500 meters above sea level, the
weight of drone should be less than 20kg, and drones must be kept
away from aerial devices such as helicopters, aircraft, and areas
around airports cannot be used. Moreover, users are not allowed to
violate any private or security laws and must fly within the stated
limits. Such regulations are hampering drone camera market revenue
growth owing to reluctance among many individuals or companies to
make investments and then be restricted from realizing the overall
potential of their preferred drones and cameras or even having to
keep these products out of the skies at all times or having to fly
only in designated or specific areas.
Growth Projections
The global drone camera market size is expected to reach
USD 32.07 Billion at a revenue CAGR
of 28.4% in 2028, according to the latest report by Emergen.
Increasing application of drone camera for surveillance and thermal
imaging is driving market revenue growth.
COVID-19 Direct Impact
COVID-19 has had no major negative impact on the drone camera
market growth. During COVID-19 pandemic, national and
international transportation were closed for months. In these hard
times, drones fitted with cameras were used to monitor active cases
of COVID-19 patients in different contaminated zones. Governments
of different countries opted for drone cameras to keep surveillance
and prevent people from gathering. They were also used by the local
authorities for street surveillance and policing and for
broadcasting information about lockdowns and COVID-19 prevention
measures or related information.
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Current Trends and Innovations
New innovations in drone cameras are boosting growth of the
drone camera market. New innovative drones have patented inflatable
structures and a variety of sensors used for various missions such
as search and rescue missions. Newer technology drones are equipped
with 3-gimbal axis, which helps them to compensate for vibration
and turbulence that occur, especially when trying to hover over
different surface levels.
Geographical Outlook
Asia Pacific market is a major
contributor to the global drone camera market in terms of revenue.
The largest producers include China and Japan, while the largest consumer or buyer
markets or regions are North
America and Europe.
Strategic Initiatives
In September 2021, the Indian
government announced a new scheme for drone industry in which
USD 15.9 Million Product-Linked
Incentive (PLI) was announced under which the policy claimed to
bring investments of over USD 665.7
Million in three years. Fee for the remote pilot license for
drones has also been decreased to nominal levels and delinked from
the size of the drone.
Some Key Highlights From the Report
- HD drone camera segment revenue is expected to register a
significantly rapid growth rate owing to increasing preference for
HD over SD cameras as these have better resolution. These cameras
also have higher megapixels and resolution can range between 240p
and 4k. These devices can capture
clearer and more detailed aerial shots, and are steadily becoming
the most preferred option to record video in the wilderness.
- Drone camera thermal imaging segment revenue is expected to
grow at the highest rate during the forecast period due to
increasing demand for land assessment in agricultural fields.
Firefighters use thermal imaging to see through smoke, and it is
also used for power lines for inspections. Increasing investment by
manufacturers towards the development of more advanced thermal
imaging and sensor technologies is a key factor driving revenue
growth of this segment.
- Among the end-use segments, the defense sector is the largest
consumer of drone cameras due to ability of nighttime surveillance
and live broadcasting features of these devices. These are also
used during emergency response, help in collecting geographical
data, and assist in search and rescue missions.
- Major companies included in the global market report are DJI
Innovations, Canon Inc., Aeryon Labs Inc., Precision Technologies
Ltd., Garmin Ltd., GoPro, Inc., Aerialtronics DV B.V, Aerobros,
AiDrones, and DST Control.
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Emergen Research has segmented the global drone camera market
on the basis of type, application, resolution, end-use, and
region:
- Type Outlook (Revenue, USD Billion; 2018–2028)
-
- Application (Revenue, USD Billion; 2018-2028)
-
- Photography and Videography
- Thermal Imaging
- Surveillance
- Resolution Outlook (Revenue, USD Billion;
2018–2028)
-
- 12MP
- 12MP - 20MP
- 20MP – 32MP
- 32MP and Above
- End-use Outlook (Revenue, USD Billion; 2018–2028)
-
- Commercial
- Military
- Homeland Security
- Others
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- Regional Outlook (Revenue, USD Billion; 2018–2028)
-
- North America
a. U.S.
b. Canada
c. Mexico
- Europe
a. Germany
b. U.K.
c. France
d. Spain
e. BENELUX
f. Rest of Europe
- Asia Pacific
a. China
b. India
c. Japan
d. South
Korea
e. Rest of APAC
- Latin America
a. Brazil
b. Rest of LATAM
- Middle East & Africa
a. Saudi
Arabia
b. UAE
c. Israel
d. Rest of MEA
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