Over the past few years, Drone Camera market registered a significant growth rate owing to their increased adoption in various industry verticals such as commercial, military, and homeland security. According to the market intelligence report by BIS Research titled, ‘Global Drone Camera Market- Analysis and Forecast (2017-2021), the market had generated a revenue of $5.44 billion in 2016 with commercial end-users holding the highest share. The high share of commercial end-user is mainly attributed to the demand for hobbyist drones equipped with a camera, declining cost, and rise in demands of drone for imaging applications across commercial end-users. Furthermore, the rise in demands of drones across emerging nations and miniaturizing of cameras are expected to create new opportunities for the drone camera market in the forthcoming period.
In March 2018, one of the leading market player, Elistair, launched its next-generation tethered drone, named ‘ORION UAS’. Fully automated, ORION integrates redundancies and smart emergency procedure at every level, allowing to focus more on mission as well on the data, and drastically reduces the risks of human mistakes. The structure of the ORION drone is designed to sustain fierce winds with maximum size stability for its size factor. In addition to this, the drone can detect a moving person over kilometers of range.1
In February 2018, Drone Solutions provider for commercial industries, Delair, introduced next generation of its high-performance Delair ‘DT26X LiDAR UAV’. This drone is the companies’ first long-range fixed-wing drone to combine highly accurate Long Distance and Longing Range (LiDAR) sensing capabilities with a highly integrated and high-resolution RGB (red, green, blue) camera. This, in turn, increases the precision, high efficiency, and cost-effectiveness of surveying and 3D mapping.2
Last year, in September 2017, FLIR unveiled its infrared camera for commercial drones, the ‘FLIR Duo Pro R Dual sensor thermal imaging, and mapping system’. Featuring a thermal sensor with radiometry, the FLIR Duo Pro R gives professional drone operators the range and image details required to capture actionable thermal and visible data in a single flight. Further, it allows the operators to switch between thermal and video cameras in flight.3
Geographically, North America is leading the global market for drone cameras and is expected to maintain its dominance during the forecast period, followed by Asia-Pacific, Europe, and Rest of the World. The United States is the dominating country in the market owing to the presence of several commercial and non-commercial drone camera manufacturers. Further, Asia-Pacific is expected to grow at the highest CAGR, with China dominating the region.