Market Overview

The global Drone Camera market size will register a significant CAGR of ~29.08% during the forecast period and is projected to reach a market value of USD 66.6 billion by 2030.

Drone technology continuously evolves with new innovative and growing investments in the drone camera market. The Unmanned Aerial Vehicle (UAV) technology is the most innovated drone technology, covering everything starting from the materials required in manufacturing the physical UAV, the drone's aerodynamics to the chipset, software, and circuit boards which act as the brains of the drone. These drone cameras have applications across commercial, industrial, and military sectors. These Unmanned Aerial Vehicles (UAV), Flying Mini Robots, or Miniature Pilotless Aircraft have broken through rigid traditional barriers in various industries.

The outbreak of the COVID-19 pandemic has hurt the global economy as it has impacted various sectors, such as BFSI and IT & telecom, significantly. Moreover, the limitations on trades, shutting down manufacturing sites, the decline in the production rate, cash flow constraints, and unavailability of workers has led to the fall in the cash flow margins of the stakeholders in the global market.

The drone cameras have been considered very beneficial at places where it becomes impossible for a man to reach or are not able to perform in a timely and efficient manner. It helps improve accuracy, reduce workload and production cost, resolve security issues, increase work efficiency and productivity, and refine customer and service on a vast scale to the industries across the globe.

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Market Segmentation

The drone camera market has been segmented based on the following:

●       Based on Type

○        SD Camera

○        HD Camera

●       Based on Application

○        Photography & Videography

○        Thermal Imaging

○        Surveillance

●       Based on Resolution

○        12 MP

○        12 to 20 MP

○        20 to 32 MP

○        32 MP & Above

●       Based on End-User

○        Commercial

○        Military

○        Homeland security

●       Based on Region

○        North America

○        Europe

○        Asia-Pacific

○        Middle East & Africa

○        South America

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Regional Analysis

North America is likely to be the dominant regional market due to the rising adoption of drone cameras in the commercial and military sector among countries such as the US, Canada, and Mexico. Further, the advancement in drone technologies will help grow the market demand. The Asia Pacific region will generate a remarkable growth rate during the forecast period due to the growing government initiatives for regulating commercial use and enhancing safety with drone cameras. The growth of the drone camera market in Europe is expected to generate notable growth owing to the rising investment by the players in upgrading and developing the models of drone cameras across the UK, France, Germany, and other nations. The Middle East & Africa, and South America are expected to be influenced by the growing adoption of drones in the construction for 2D and 3D modeling and mapping, waste reduction, land surveying, and other purposes. 

Industry News

The commercially available drones are mostly remotely controlled and include elements of autonomy such as software used for stabilization. The drones that are professionals use offers pre-program flights. This increasing use of the freedom to sense and avoid systems determines the flight routes for performing evasive maneuvers such as airplanes and birds. Henceforth, this use of technologically advanced products and solutions for drones is expected to boost the growth of the drone camera market.

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