Market Trends of Drone Camera Industry
Surveillance Segment Will Showcase Remarkable Growth During the Forecast Period
The surveillance segment of the drone camera market is expected to dominate the market share while also exhibiting the highest growth rate during the forecast period. Drones monitor potential suspects or areas to keep track of their movements. Drones with cameras offer several advantages, including outstanding picture quality and ease of use for security. They can also offer thorough information on locations, provided they work well in hard-to-reach spots.
Law enforcement agencies across the world are gradually relying on drone cameras for various surveillance tasks, such as crowd monitoring, search and rescue operations, and crime scene investigation. Drones equipped with high-resolution cameras and thermal imaging technology provide law enforcement agencies with valuable situational awareness and help them improve public safety. Moreover, drones play a critical role in border surveillance, offering a cost-effective and efficient way to monitor vast territories and detect potential threats.
The latest drone camera systems with night vision features, long-range zoom lenses, and Artificial Intelligence powered object recognition enhance border security efforts. For instance, in September 2023, the government of the UK released a survey report on the usage of drones in law enforcement. It stated that various police forces in the UK use drones for applications such as monitoring major incidents and events, traffic management, searches for missing people, monitoring crime scenes, and surveillance of suspects.
Similarly, in April 2023, Devon and Cornwall Police forces announced that they are using their DJI Matrice 300 drones to monitor car and motorcycle traffic along stretches of roads known for high speed or otherwise dangerous driving. Such innovative products and the adoption of drones with cameras for such applications by various law enforcement departments are expected to drive the surveillance segment during the forecast period.
Asia-Pacific is Expected to Grow with the Highest CAGR During the Forecast Period
The Asia-Pacific region is expected to witness rapid growth during the forecast period as drones are envisioned to be adopted in large numbers by end-users based in the region. Furthermore, an increase in research and development (R&D) initiatives for cutting-edge drones for military applications such as border security and surveillance, as well as rapid digitalization, especially in rural regions, are also anticipated to drive the demand for drones and associated accessories such as drone cameras.
On this note, Asia-Pacific is rapidly adopting technology for agriculture, driven by rising labor costs. Technology-driven agriculture is much cheaper and more reliable than traditional methods. For instance, Kisan drones, or farmer drones, are more frequently used in India to assess crop damage and digitize land records. Moreover, the expanding use of drones for various industries, such as tourism, real estate, insurance, construction, meteorology, etc., is also expected to drive the demand for the drone camera market in this region.
