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Tue, Mar 27, 2018

Global Drone Camera Market To Reach $19.25 Billion By 2021

Uses Increasing In Military, Commercial, Public Safety Arenas

The first drone equipped with a camera was operated in 1996 for surveillance application. Since then, the cameras in drones have rapidly changed in technology. Nowadays, drones equipped with camera are extensively used cross commercial, military and homeland security end-users for variety of applications. Drones equipped with cameras are used for capturing a bird eye view of any place, videography and photography, thermal imaging and surveillance.

A drone camera can be defined as a camera specifically designed to be mounted on a drone for capturing photos/videos in a particular operation. Drones equipped with cameras are increasingly being adopted across commercial, military and homeland security end-users. Some of the prime factors behind the rise in the demand of drone cameras are increase in demand of drones for imaging applications, rise in usage of low cost DIY drones, and high demand of drones for surveillance applications among others.

The demand for cameras used in drones is swiftly increasing among different end-users across the globe. The market is driven by number of factors such as se in demand of drones for imaging applications, rise in usage of low cost DIY drones, and high demand of drones for surveillance applications among others. According to the latest market intelligence report by BIS Research, titled 'Global Drone Camera Market, Analysis and Forecast 2017-2021’, global drone camera market accounted for a market value of $5.44 billion in 2016 with commercial end-user holding the highest share, and is expected to reach a value of $19.25 billion by 2021.

Commercial end-user in drone camera market accounts for a large share overall revenue generated. The high share of commercial end-user is mainly attributed to the demand of hobbyist drones equipped with camera, declining cost and rise in demand of drone for imaging applications across commercial end-users.

(Source: ASDReports. Image from file)

FMI: Report Information

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