Drone Camera Market Size Hit USD 33.61 Billion at CAGR of 26%, By 2030 | The Brainy Insights
Global drone market is driven by the introduction of advanced technologies and the promising growth rate.
NEWARK, UNITED STATES, April 25, 2022 /EINPresswire.com/ — The global drone camera market is expected to grow from USD 4.2 Billion in 2021 to USD 33.61 Billion by 2030, at a CAGR of 26% during the forecast period 2022-2030. The introduction of advanced technologies and the promising growth rate of the drone camera market are important factors that take part in the growth of the global drone camera market. There has been an upsurge in the application of drones in different industries, which has boosted the demand for high resolution to be used with drones. Drones are capable of taking good-quality pictures from a much wider angle.
The HD Camera segment dominated the market with a market share of around 59.2 % in 2021.
The type segment is divided into HD Camera & SD Camera. The HD Camera segment dominated the market with a market share of around 59.2% billion in 2021. HD Camera graduates are in high demand in a variety of sectors. This increase can be attributed to HD cameras capturing an image with 921,600 pixels or even more. This level of pixel density is also referred to as 720p because it comprises 1280 columns and 720 line segments of pixels. High-definition cameras are another name for HD cameras. Cameras with higher pixel resolution counts can capture far more detailed photos, better face detection, and more resolution numbers.
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The surveillance segment dominated the market with largest market share of 38.43% in 2021.
The application segment is divided into thermal imaging, surveillance, and photography & videography. The Surveillance segment dominated the market with the market share of 38.43%. Surveillance is the process of closely observing a person or a group of people. It also includes keeping their behaviors, activities, infrastructure, buildings, and so on to manage, influence, direct, or protect them. Every society or building, mall, parking, and food court has a security surveillance camera for safety reasons. Surveillance can be performed via camera, GPS tracker or even stakeouts, biometric surveillance, and profiling.
The military segment dominated the market, accounting for around 35.81% of global share in 2021.
The end user segment is divided into military, commercial and homeland security. The Military segment dominated the market, accounting for around 35.81% market share. Drones are used for rescue operations, surveillance, delivering supplies to troops and soldiers stationed in remote areas, and gathering intelligence about hostile locations before a mission. Even satellites have black points, they cannot reach some areas, but one can get anywhere through drone cameras.
Regional Segmentation Analysis:
The market is analyzed based on five regions namely North America, Europe, Asia Pacific, South America, and Middle East and Africa. North America region emerged as the largest market for the global drone camera market with a 32.44% of the market share in 2021. North America leads the drone camera market, owing to the increasing commercial and defense use of drone cameras in nations like Canada, the United States, and Mexico. Further advancements in drone technologies are expected to increase market demand.
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Competitive Analysis:
The major players of market include GoPro, Inc., Aerialtronics DV BV, DJI, Canon Inc., Garmin Ltd., FLIR Systems, Inc., Controp Precision Technologies Ltd., Panasonic Corporation and Sony Corporation, and DST Control among others.
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