Drone Camera Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Drone Camera Market covers analysis by Type (Embedded Camera, Infrared Camera, and Thermal Camera), Application (Photography and Videography, Thermal Imaging, and Surveillance and Mapping), Resolution (Below 12 MP, 12–20 MP, 20–32 MP, and Above 32 MP), End User (Entertainment and Media, Defense and Law Enforcement, Transport and Logistics, Construction, and Others), and Geography (North America, Europe, Asia Pacific, and South and Central America)

Publication Month : Apr 2024

  • Report Code : TIPRE00022913
  • Category : Aerospace and Defense
  • Status : Upcoming
  • No. of Pages : 150
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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.


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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.

Drone Camera MarketSource: 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.

World Geography

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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.

Market Research

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Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Type, Application, Resolution, End User, and Geography

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina

The List of Companies

1. Aerialtronics DV B.V
2. Canon Inc.
3. Controp Precision Technologies Ltd.
4. DJI
5. DST Control
6. FLIR Systems, Inc.
7. Garmin Ltd.
8. GoPro, Inc.
9. Panasonic Corporation
10. Sony Corporation

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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