Drone Camera Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Drone Camera Market is segmented by Type (SD Cameras and HD Cameras), Application (Photography & Videography, Thermal Imaging, and Surveillance), Resolution (12 MP, 12 to 20 MP, 20 to 32 MP, and 32 MP & Above), End User (Commercial, Military, and Homeland security), and Geography (North America, Europe, Asia-Pacific, Latin America, Middle-East and Africa). The report offers market size and forecasts for the drone camera market in value (in USD Billion) for all the above segments.

Drone Camera Market Size

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Study Period 2019 - 2029
Market Size (2024) USD 13.76 Billion
Market Size (2029) USD 42.73 Billion
CAGR (2024 - 2029) 25.43 %
Fastest Growing Market Asia-Pacific
Largest Market North America

Major Players

Drone Camera Market

*Disclaimer: Major Players sorted in no particular order

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Drone Camera Market Analysis

The Drone Camera Market size is estimated at USD 13.76 billion in 2024, and is expected to reach USD 42.73 billion by 2029, growing at a CAGR of 25.43% during the forecast period (2024-2029).

Though the COVID-19 pandemic has affected the recreational and entertainment sector and the related drone operations in 2020, other industrial sectors rebounded quickly in 2021, fueling the resurgence of drone demand. On the other hand, the advent of the pandemic has also helped the industry witness new use cases, especially from law enforcement applications for monitoring the enforcement of COVID-19 measures.

Increasing demand for aerial photography and videography, along with reduced drone costs, is a major factor driving the market growth. Drone cameras are less expensive compared to traditional camera equipment for collecting high-quality footage. Aerial surveillance is required in situations such as crowded gatherings, large sports competitions, and summer festivals. Moreover, the growing use of drone cameras for real estate photography, mapping and surveying, agriculture, emergency response, search and rescue operations, maritime rescue, meteorology, and delivery, among other things, is driving the drone camera market.

Drone Camera Market Trends

Surveillance to Dominate the Market During the Forecasted Period

The surveillance segment of the drone camera market is expected to dominate the market share while also exhibiting the highest growth rate during the forecast period. Drones monitor potential suspects or areas to keep track of their movements. Drones with cameras have several advantages, including outstanding picture quality and ease of use for security. Also, they can offer thorough information on locations, provided they work well on hard-to-reach spots. For instance, in November 2021, the drone-in-a-box solutions provider Percepto announced the launch of a new drone called Air Mobile. The Air Mobile is claimed to be ideal for linear inspections and can monitor short-term projects across multiple sites in sectors like construction. The Air Mobile drones can be stored permanently on-site within their respective Percepto Bases. The encasements are designed for infrequent maintenance and protection against extreme environmental phenomena, such as hurricanes. Such innovative products are expected to gain customer preference during the forecast period.

Drone Camera Market_Keytrend1

Asia-Pacific is Expected to Generate the Highest Demand During the Forecast Period

The Asia-Pacific region is expected to witness rapid growth during the forecast period as drones are envisioned to be adopted in large numbers by end-users based in the region. Furthermore, an increase in research and development (R&D) initiatives for cutting-edge drones for military applications such as border security and surveillance, as well as rapid digitalization, especially in rural regions are also anticipated to drive the demand for drones and associated accessories such as drone cameras.

On this note. Asia-Pacific is rapidly adopting technology for agriculture driven by the rising labor costs which makes technology-driven agriculture much cheaper and more reliable than traditional methods. For instance, Kisan drones, or farmer drones, are more frequently used in India to assess crop damage and digitize land records. Moreover, the expanding use of drones for various industries such as tourism, real estate, insurance, construction, meteorology, etc. is also expected to drive the demand for the drone camera market in this region.

Drone Camera Market_Keytrend2

Drone Camera Industry Overview

The drone camera market is moderately consolidated in nature with only a few players holding a majority of the market share. Some prominent market players are Sony Corporation, Panasonic Corporation, GoPro Inc., Canon Inc., and Teledyne FLIR LLC. However, many small companies and startups have entered the market in the past few years due to the high profitability of the market. Companies are competing to gain market shares and are developing advanced technology-integrated drone hardware and software solutions that reduce human effort in applications such as mining, construction, and aerial mapping. Additionally, leading market players are offering drone delivery services to carry small packages to clinics and hospitals in their world countries. They are also offering collision avoidance and customizable flight pathing options to retain a competitive edge in the market. Furthermore, the rising number of drone professionals offering different services to cater to individual needs and compete in drone festivals is creating a favorable market outlook.

Drone Camera Market Leaders

  1. Sony Corporation

  2. Panasonic Corporation

  3. GoPro Inc.

  4. Canon Inc.

  5. Teledyne FLIR LLC

*Disclaimer: Major Players sorted in no particular order

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Drone Camera Market News

  • In December 2022, SZ DJI Technology Co., Ltd. (DJI) developed a compact, ultra-lightweight camera drone, DJI Mini 3, which weighs less than 249 grams. 
  • In June 2022, DJI launched DJI RS 3 and DJI RS 3 Pro, incorporating a range of new features, including a redesigned axes-locking system making the process of recording videos and capturing high-resolution images automated. By turning on the gimbal, the automated axis locks release and unfold the gimbal, allowing the operator to get started in seconds.
  • In December 2021, DJI introduced its latest agriculture drone in its crop protection series, named the DJI AGRAS T20. The DJI AGRAS T20 can carry a maximum payload of 20kg and is equipped with eight nozzles and high-volume pumps that can spray at a rate of up to six liters per minute.

Drone Camera Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 SD Cameras

      2. 5.1.2 HD Cameras

    2. 5.2 Application

      1. 5.2.1 Photography & Videography

      2. 5.2.2 Thermal Imaging

      3. 5.2.3 Surveillance

    3. 5.3 Resolution

      1. 5.3.1 12 MP

      2. 5.3.2 12 to 20 MP

      3. 5.3.3 20 to 32 MP

      4. 5.3.4 32 MP and above

    4. 5.4 Application

      1. 5.4.1 Commercial

      2. 5.4.2 Military

      3. 5.4.3 Homeland Security

    5. 5.5 Geography

      1. 5.5.1 North America

        1. 5.5.1.1 United States

        2. 5.5.1.2 Canada

      2. 5.5.2 Europe

        1. 5.5.2.1 United Kingdom

        2. 5.5.2.2 Germany

        3. 5.5.2.3 France

        4. 5.5.2.4 Russia

        5. 5.5.2.5 Rest of Europe

      3. 5.5.3 Asia-Pacific

        1. 5.5.3.1 China

        2. 5.5.3.2 India

        3. 5.5.3.3 Japan

        4. 5.5.3.4 South Korea

        5. 5.5.3.5 Rest of Asia-Pacific

      4. 5.5.4 Latin America

        1. 5.5.4.1 Brazil

        2. 5.5.4.2 Rest of Latin America

      5. 5.5.5 Middle-East and Africa

        1. 5.5.5.1 United Arab Emirates

        2. 5.5.5.2 Saudi Arabia

        3. 5.5.5.3 Egypt

        4. 5.5.5.4 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles*

      1. 6.1.1 Sony Corporation

      2. 6.1.2 Canon Inc.

      3. 6.1.3 GoPro, Inc.

      4. 6.1.4 Panasonic Corporation

      5. 6.1.5 DST CONTROL AB

      6. 6.1.6 Teledyne FLIR LLC

      7. 6.1.7 Garmin Ltd.

      8. 6.1.8 SZ DJI Technology Co., Ltd.

      9. 6.1.9 Aerialtronics DV B.V

      10. 6.1.10 Controp Precision Technologies Ltd.

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Drone Camera Industry Segmentation

A drone camera is an unmanned aerial vehicle (UAV) equipped with a camera that can capture photographs and videos. It is integrated with sensors that enhance the resolution and stabilize systems. It helps to provide an autonomous vision while reducing the need to physically inspect the drone and its position in the sky. It also helps with other activities including product and food delivery, surveillance over a small region, and thermal imaging. As a result, a drone camera may be found in a variety of industrial verticals across the globe.

The drone camera market is segmented based on Type, Application, Resolution, End User, and Geography. Based on the type, the drone camera market is segmented into SD cameras and HD cameras; by application into Photography & Videography, Thermal Imaging, and Surveillance.; by resolution into 12 MP, 12 to 20 MP, 20 to 32 MP, and 32 MP & above; and by end user is segmented into commercial, military, and homeland security. By geography, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The market sizing and forecasts have been provided by value (USD Billion) for all the above segments.

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Drone Camera Market Research FAQs

The Drone Camera Market size is expected to reach USD 13.76 billion in 2024 and grow at a CAGR of 25.43% to reach USD 42.73 billion by 2029.

In 2024, the Drone Camera Market size is expected to reach USD 13.76 billion.

Sony Corporation, Panasonic Corporation, GoPro Inc., Canon Inc. and Teledyne FLIR LLC are the major companies operating in the Drone Camera Market.

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Drone Camera Market.

In 2023, the Drone Camera Market size was estimated at USD 10.97 billion. The report covers the Drone Camera Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Drone Camera Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Drone Camera Industry Report

Statistics for the 2024 Drone Camera market share, size and revenue growth rate, created by Mordor Intelligenceā„¢ Industry Reports. Drone Camera analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Drone Camera Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)