Market Share of Drone Camera Industry
The drone camera market is semi-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 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. OEMs are investing in R&D for the integration of artificial intelligence (AI) and machine learning (ML) algorithms in drone cameras.
AI-powered features such as object tracking, autonomous flight, and automated image processing enhanced the drone camera capabilities and enabled new applications. For instance, DroneAg is a UK-based company that offers a software platform that enables farmers to use drones for crop scouting and analysis. Another example is Hummingbird Technologies, which uses artificial intelligence and machine learning to process drone imagery and provide actionable insights for farmers.
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
Sony Corporation
Panasonic Corporation
GoPro Inc.
Canon Inc.
Teledyne FLIR LLC
*Disclaimer: Major Players sorted in no particular order
