A recent market intelligence study on the Drone Camera market incorporates proprietary techniques and assessment tools to screen the Drone Camera market for the forecast period Additionally, valuable insights pertaining to the market size, share and growth rate of Drone Camera market offers a greater chance of success for all – business owners, products, and innovative technology. Unbiased perspective on present day and yesteryear trends included in the research aims at saving the product owners from making wrong business decisions
The global drone camera market size is expected to reach USD 32.07 Billion in 2028 and register a revenue CAGR of 28.4% over the forecast period, according to a latest report by Emergen Research. Technological enhancements in different industries and increased applications of drone camera in various sectors such as agriculture, defense, and media and entertainment are among some of the key factors driving market revenue growth.
Drone camera is used in Unmanned Aerial Vehicles (UAVs), which are equipped with various technologies such as GPS system infrared cameras, and lasers. Drones are quite efficient in capturing aerial images and high quality videos from a different vantage points and altitudes. They are easily deployable and cost effective, which is resulting in steady adoption across various sectors.
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More advanced drone camera technologies and applications are continuously being further developed. Drone cameras can be controlled remotely using a smartphone or tablet device, which makes it easier and more convenient to operate from anywhere, anytime. These devices can be used for a wide range of purposes such as for surveillance over a specific area, geographical imaging, weather forecasting, aerial photography, and increasing advocacy of drone cameras across the media and entertainment industry is driving market revenue growth. Drone cameras are also widely used in chemical and agriculture sectors for disaster management and crop monitoring and management respectively, or for both in each sector.
For further granularity, the study digs deep into aspects such as market segmentation, key driving forces, opportunities and threats for the forecast period of 2021-2028. To help business strategist strengthens their strategic planning and executes a plan to maintain and gain a competitive edge the research weighs up on buyer preferences, gross margin, profit and sale across different regions. Strong focus on financial competency, strengths, and weaknesses of the companies and recent acquisition and merger speaks a lot about the future adjacencies around the core business due to the ongoing development in the Drone Camera market.
Top Companies Operating in the Drone Camera Market and Profiled in the Report are:
- DJI Innovations, Canon Inc., Aeryon labs Inc., Precision Technologies Ltd., Garmin Ltd., GoPro, Inc., Aerialtronics DV B.V, Aerobros, AiDrones, and DST Control.
It further offers a comprehensive coverage of the strategic alliances such as mergers and acquisitions, joint ventures, collaborations, product launches, brand promotions, and partnerships, among others. Key strategic alliances for product development and advancements is expected to add traction to market growth going ahead. The report also covers an in-depth analysis of the key competitors of the market along with their growth strategies and business expansion plans.
Key Highlights From the Report
- In November 2020, DJI launched mini 2 drone, which is equipped with 3-inch CMOS, 5 Quick Shot Modes, 5200 mAh battery backup, and up to 12 million effective pixels. Prior to that DJI have also launched two other Mavic Models, Mavic Mini in October 2019 and Mavic Air 2 in April 2021. With this, it has expanded its DJI Drone Camera ecosystem in China.
- SD camera segment accounted for a significantly robust revenue share in 2020 and is expected to register a rapid growth rate in the coming years owing to high quality images and resolution.
- Photography and videography segment accounted for significantly large revenue share in 2020 due to steady trend of aerial photography and videography, which allows users to take images from a unique perspective and angle, which is otherwise not possible with a traditional camera setup.
- As the drone industry has expanded rapidly in a short period of time, commercial drones and cameras mounted on these devices have improved significantly, which has been driving rapid popularity and preference in various industries and sectors in the recent past. Based on this, the commercial segment revenue is expected to register a rapid growth rate over the forecast period owing to increasing application areas of drones across industries and sectors such as transportation, oil and gas, mining, and logistics.
Regional analysis of the Drone Camera market includes analysis of the production and consumption ratio, supply and demand dynamics, regional trends and growth drivers, growth prospects, presence of key manufacturers and vendors, and market size and share in key regions such as North America, Latin America, Europe, Asia Pacific, and Middle East and Africa. The report further offers key insights into country wise analysis and major factors driving revenue growth of each regional market.
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The study delivers real answers for questions about market segmentation by types, region and application to power the overall market research for the forecast period 2021-2028. Subject matter experts behind the market analysis have collaborated with some of the highly acclaimed business owners to track records and estimate what is happening in areas such as technology innovation, production volume, end-use and product pricing. Research analysts have further remodeled their approach to present a report uniquely positioned to offer unmatched information on prominent manufactures, new entrants, exiting white spaces, acquisitions and mergers, collaborations and product launches.
Emergen Research has segmented the global drone camera market on the basis of type, application, type, end-use, and region:
- Type Outlook (Revenue, USD Billion; 2018–2028)
- Application (Revenue, USD Billion; 2018-2028)
- Photography and videography
- Thermal imaging
- Surveillance
- Resolution Outlook (Revenue, USD Billion; 2018–2028)
- 12MP
- 12MP – 20MP
- 20MP – 32MP
- 32MP and Above
- End-use Outlook (Revenue, USD Billion; 2018–2028)
- Commercial
- Military
- Homeland Security
- Others
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Report Highlights:
- Besides offering a vivid depiction of the global Drone Camera business sphere and its fundamental operations, the latest report provides the industrial chain analysis and list down the current and future market trends and growth opportunities.
- The report includes information on the present and historical market scenarios, which helps forecast the market conditions over the next eight years (2021-2028).
- The report scrutinizes the salient factors influencing the growth of the market in the near future.
- The strategic marketing recommendations, crucial information related to the new market entrants, and expansion plans of various businesses are poised to provide the reader with a competitive edge in the market.
The extensive assessment of real-time data on the business environment offers a more specialized view of threats and challenges companies are likely to face in the years to come. In addition, the unique expertise of the researchers behind the study in strategic growth consulting enables product owners identifies important definition, product classification, and application.
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