A drone camera is a gadget that is built into a drone and is used to take pictures or videos while the drone is in flight. Drone cameras can be used for a variety of purposes, including thermal imaging, delivery of goods and food, and surveillance over a specific area.
Due to their ability to capture high-quality images from a wider angle, high-resolution cameras are becoming more and more in demand across a variety of industries. Additionally, an increase in the defence budget has made it possible for governments from different nations to collaborate with drone and component manufacturers. For example, DJI, GoPro, and Controp Precision Technologies Ltd., to provide better and more innovative products to support the expansion of the drone camera market globally.
Introduction of innovative technological products
The drone camera market has seen a growing amount of technological development. One of the most important incremental market developments is the miniaturisation. More effective trade-offs between the drone and its maximum payload, flight range, and maximum altitude are made possible by the use of lighter, more efficient batteries and new materials. The second important development in the market is the increase in drone autonomy. the application of cutting-edge technologies like autonomous operations, where the use of a human operator for remote drone control is partially or entirely excluded. The majority of commercially available drones are controlled remotely and have some autonomy features, like stabilisation software. Pre-planned flights are available with professional drones. In the coming years, it is anticipated that this use of autonomy to sense and avoid systems, choose flight paths for performing evasive manoeuvres like those used by birds and airplanes, and adapt to defensive reactions when under attack and in changing weather conditions will increase. The innovation is the swarming of drones that can function as sensor networks. With this technology, the drone can only pursue an individual rather than following a group of people, eliminating the problems with communication channels. From this point forward, it is anticipated that the use of technologically advanced products and solutions for drones will accelerate the growth of the drone camera market.
According to a recent report by Emergen Research, the global drone camera market size is anticipated to reach USD 32.07 billion in 2028 and register a revenue CAGR of 28.4% over the forecast period. The market size was estimated to be USD 4.32 billion in 2020. Market growth is expected to occur at a CAGR of 28.4%.
Some of the Report’s Important Highlights
DJI introduced the mini 2 drone in November 2020. It has a 3-inch CMOS sensor, five quick shot modes, a backup battery of 5200 mAh, and up to 12 million effective pixels. In the interim, DJI also introduced the Mavic Mini in October 2019 and the Mavic Air 2 in April 2021. This has allowed it to grow the DJI Drone Camera ecosystem in China.
Due to the high quality images and resolution, the SD camera segment had a remarkably strong revenue share in 2020 and is predicted to grow quickly going forward.
Due to the steady growth of aerial photography and videography, which enables users to take pictures from unusual perspectives and angles that are otherwise impossible with a traditional camera setup, the photography and videography segment accounted for a disproportionately large revenue share in 2020.
Commercial drones and cameras mounted on these devices have significantly improved as the drone industry has grown quickly in a short period of time, which has recently led to rapid popularity and preference in a variety of industries and sectors. Based on this, it is anticipated that the commercial segment’s revenue will grow rapidly over the forecast period due to the growing number of industries and sectors where drones are being used, including transportation, oil and gas, mining, and logistics.
Due to the increasing demand for drone cameras from various sectors across the region’s nations, North America’s revenue share accounted for a significantly larger percentage of global revenue in 2020. Additionally, because drones are so inexpensive, businesses and entrepreneurs can use them in a variety of inventive ways.
DJI Innovations, Canon Inc., Aeryon Labs Inc., Precision Technologies Ltd., Garmin Ltd., GoPro, Inc., Aerialtronics DV B.V., Aerobros, AiDrones, and DST Control are some of the major companies mentioned in the market report.