Drone Camera Market Forecast and Growth 2031

The Drone Camera Market size is projected to reach US$ 32.14 billion by 2031 from US$ 10.21 billion in 2023. The market is expected to register a CAGR of 15.4% in 2023–2031. The growing proliferation of aerial video and photography, along with the rising application of drone cameras for capturing footage of large sports events and public gatherings, is anticipated to propel the growth of the drone camera market globally.

Drone Camera Market Analysis

Increasing application of drones in various end use industries such as agriculture, oil & gas, and mining are anticipated to drive the growth of the drone camera market at the global level. Increasing usage of drones in the defense and security sector for capturing aerial images to enhance the measures for strong defense systems is anticipated to boost the development of the drone camera market worldwide. Additionally, the rising application of drone cameras for mapping and surveying, emergency search, response, rescue tasks, maritime rescue, and meteorology, among others, is driving the advancement of the drone camera market globally. AI-driven aspects such as autonomous flight, object tracking, and automated image processing improved the drone camera capabilities and aided new applications, which is having a positive impact on the drone camera market.

Drone Camera Market Overview

The growing proliferation of drone cameras for monitoring any casualty situation such as flood, earthquake, or fire outbreak is also acting as a major driver for the market. The rescue operators primarily leverage drones for surveillance and monitoring purposes and to get an aerial view of the overall situation, which helps in making major decisions regarding the ways to initiate rescue operations. Additionally, the rising application of drones in the oil and gas and mining exploration sector is also having a positive impact on the drone camera market globally. The drone camera market is segmented by type, application, resolution, and end user. In terms of type, the drone camera market is categorized into embedded camera, infrared camera, and thermal camera. On the basis of application, the market is classified into photography and videography, thermal imaging, and surveillance and mapping. In addition, on the basis of resolution, the market is segmented into below 12 MP, 12–20 MP, 20–32 MP, and above 32 MP. In terms of end users, the drone camera market is segmented into defense and law enforcement, transport and logistics, entertainment and media, construction, and others.

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Drone Camera Market: Strategic Insights

Drone Camera Market

• Market Size 2023
  US$ 10.21 Billion
• Market Size 2031
  US$ 32.14 Billion

Market Dynamics

GROWTH DRIVERS

• Growing Application of Drone Cameras in the Filming and Agriculture Industry is Expected to be the Prime Driver for the Drone Camera Market

FUTURE TRENDS

• Supportive Government Policies Related to Drone Application

OPPORTUNITIES

• Growing Application of Drone Cameras in Oil & Gas and Mining Sector

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

Type

• Embedded Camera
• Infrared Camera
• Thermal Camera

Application

• Photography and Videography
• Thermal Imaging
• Surveillance and Mapping

Resolution

• Below 12 MP
• 12-20 MP
• 20-32 MP
• Above 32 MP

End User

• Entertainment and Media
• Defense and Law Enforcement
• Transport and Logistics
• Construction

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Drone Camera Market Drivers and Opportunities

Growing Application of Drone Cameras in the Filming and Agriculture Industry is Expected to be the Prime Driver for the Drone Camera Market

The growing demand for drones for filming aerial shots and videography in the media and entertainment industry is one of the major drivers for the drone camera market. The rising application of high-end drone cameras for capturing wide-angle aerial videos and images is also boosting the growth of the drone camera market at the global level. The growing proliferation of digitalization and integration of software applications to monitor the overall operational efficiency of farming land is anticipated to drive the growth of the drone camera market globally. The real-time data and aerial images of the complete farm help the farmers identify the issues concerning the land’s well-being, which might negatively impact the crop production rate. Additionally, managing mid to large-size agricultural lands in remote locations is unmanageable if drone cameras are not in application, as they help in capturing aerial images of the land for better operational management. Thus, the utilization of advanced technologies is appearing as a major driving factor for the market.

Supportive Government Policies Related to Drone Application

Supportive government policies for flying drones help in agriculture land management, same-day package delivery, filming and photography, and monitoring and capturing images of oil and gas and mining sites. Thus, the rising governmental support and assistance for using advanced drones for surveillance, monitoring, and security is anticipated to increase the growth of the drone camera market over the forecast period. The rising geopolitical disturbances and growing war-like situations are propelling the application of drone cameras for surveillance purposes, which is anticipated to drive the growth of the drone camera market over the forecast period.

Drone Camera Market Report Segmentation Analysis

Key segments that contributed to the derivation of the drone camera market analysis are type, application, resolution, and end user.

• Based on type, the drone camera market has been divided into embedded camera, infrared camera, and thermal camera. The infrared camera segment held a larger market share in 2023.
• In terms of application, the market has been segmented into photography and videography, thermal imaging, and surveillance and mapping. The photography and videography segments dominated the market in 2023.
• In terms of resolution, the market has been segmented into below 12 MP, 12–20 MP, 20–32 MP, and above 32 MP. The 12–20 MP segment dominated the market in 2023.
• In terms of end users, the market has been segmented into entertainment and media, defense and law enforcement, transport and logistics, construction, and others. The entertainment and media segments dominated the market in 2023.

Drone Camera Market Share Analysis by Geography

The geographic scope of the Drone Camera Market report is mainly divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America.

North America led the drone camera market in 2023. The North America region includes the US, Canada, and Mexico. Many companies across the region are focusing on investing in advanced drones to meet modern filming, photography, agricultural, construction, and security requirements. Thus, the growing application of drones to augment precision farming, along with increasing demand for high-end drones for films and photography, is estimated to drive the development of the drone camera market over the forecast period in North America. Surveying and capturing high-end images is also one of the major application areas of drones in the North America region, which helps in defense security, and process streamlining in oil& gas and mining sectors. An increasing number of mining and oil & gas exploration and production activities are boosting the demand for drones for sensing and capturing aerial images of the sites for augmenting better operation management, which is also having a positive impact on the drone camera market in North America.

Drone Camera Market Market Report Scope

Drone Camera Market News and Recent Developments

The Drone Camera Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for drone camera market and strategies:

• On March 2022, Canon designed and developed a gimbal system for consumer-level drones. (Source: Canon, Press Release/Company Website/Newsletter)
• On September 2023, Skydio launched its drone named Skydio X10. (Source: Skydio, Press Release/Company Website/Newsletter)

Drone Camera Market Report Coverage and Deliverables

The “Drone Camera Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Market dynamics such as drivers, restraints, and key opportunities
• Key future trends
• Detailed PEST analysis
• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
• Detailed company profiles with SWOT analysis