Drone Camera Market Size

Drone Camera Market size was over USD 13.49 billion in 2023 and is anticipated to reach USD 392.53 billion by 2036, growing at around 29.6% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of drone camera is estimated at USD 16.68 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.