Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Drone Camera Market size was over USD 17.48 billion in 2024 and is poised to exceed USD 508.64 billion by 2037, witnessing over 29.6% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of drone camera is evaluated at USD 21.88 billion.
The growth of the market can be attributed to the growing adoption of drone-based applications across the globe, and rise in government spending capacity over public facilities and spaces. In 2019, the total shipments of internet of things (IoT) enterprise drones were more than 350,000, which rose up to about 520,000 by the end of the year 2020. The value is calculated to increase up to 1.2 million by 2023.
Along with these, increasing acceptance of infrared illumination for improved vision in a variety of consumer applications, especially in the retail sector, and availability of high-resolution satellite imagery are also expected to drive the market growth in the forthcoming years. Furthermore, expansion of the application areas of drone cameras such as LiDAR, GPS, and mapping services are projected to offer ample growth opportunities to the market in the near future.
Drone Camera Sector: Growth Drivers and Challenges
Growth Drivers
- Growing Adoption of Drone-Based Applications Across the Globe
- Rising Government Spending Capacity over Public Facilities and Spaces
Challenges
- Increasing Number of Inferior Quality Products by Local Players
Drone Camera Market: Key Insights
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
29.6% |
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Base Year Market Size (2023) |
USD 13.49 billion |
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Forecast Year Market Size (2036) |
USD 392.53 billion |
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Regional Scope |
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Drone Camera Segmentation
The market is segmented by application into thermal imaging, surveillance, and photography and videography, out of which, the surveillance segment is anticipated to hold the largest share in the global Drone Camera market. This can be accounted to the growing usage of flying cameras by authorities for street surveillance to broadcast messages and information about lockdown measures, especially in rural areas. Apart from this, growing privacy and security concerns are also predicted to boost the market segment growth in the future. Additionally, on the basis of end use, the military segment is assessed to acquire the largest share during the forecast period ascribing to the rising defense budget worldwide, and increase in the number of agreements between government and local authorities for the supply of drones. According to the World Bank, the world’s military expenditure as a share of GDP was calculated to be 2.439 percent in 2020, up from 2.188 percent and 2.149 percent in 2019 and 2018 respectively.
Our in-depth analysis of the global market includes the following segments
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By Type |
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By Application |
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By End Use
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Customize this ReportDrone Camera Industry - Regional Synopsis
On the basis of geographical analysis, the global market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. Asia Pacific industry is estimated to account for largest revenue share by 2037, due to escalating safety and security concerns across emerging nations, and largescale production and consumption of surveillance cameras in the region. In addition, availability of lower price products with advanced technologies is also projected to bolster the region’s market growth in the coming years. Moreover, the market in North America is expected to grab the most significant share during the forecast period ascribing to the high military spending, and frequent updating of old UAV fleets with new ones for effective operations and results. As per the data provided by the World Bank, in 2020, the military spending of the United States was 3.7 percent of the total GDP share, and the same value for Canada grew up to 1.4 percent of GDP.
Companies Dominating the Drone Camera Landscape
- Aeryon Labs Inc.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Go Pro Inc.
- FLIR Systems, Inc.
- Elbit Systems Ltd.
- Israel Aerospace Industries Ltd.
- Elbit Systems Ltd.
- SZ DJI Technology Co.
- Canon Inc.
- Amazon Wen Services, Inc.
- Arecont Vision LLC
In the News
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September 2020- Amazon launched its Ring Always Home Cam, which is an autonomous style drone-style camera that can fly around the home for recording disturbances when the residents are away.
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January 2019- FLIR systems acquired Aeryon Labs in a deal worth USD 200 million to expand its solutions with advanced airframes, sensors and flight management software.
Author Credits: Abhishek Verma
- Report ID: 3665
- Published Date: Dec 26, 2024
- Report Format: PDF, PPT
