A drone camera is an unmanned aerial vehicle (UAV) with a camera that captures images and records videos. It is integrated with sensors that offer better resolutions and improve stabilization systems. It assists in providing an autonomous view and minimizing the need to physically look at the drone and its position in the sky. It also aids in performing different operations, such as product and food delivery, surveillance over a specific area, and thermal imaging. As a result, a drone camera finds applications in several industry verticals across the globe.
The global drone camera market reached a value of US$ 5.03 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 25.39 Billion by 2027, exhibiting at a CAGR of 32% during 2022-2027. There is presently a rise in the demand for high-quality (HQ) drone cameras that are capable of taking efficient quality images from a wide-angle. This, in confluence with the increasing applications of drone cameras in mapping services, global positing system (GPS), and light detection and ranging (LiDAR), represents one of the key factors bolstering the market growth.
Moreover, extensively growing defense budgets have enabled governing agencies of numerous countries to enter into agreements with drone manufacturers to offer better and advanced products. This, along with the availability of technologically advanced products with beneficial features like micro four-thirds system, voice control mechanism, and shortwave infrared (SWIR) systems, is acting as another growth-inducing factor. 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 option 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.