Global Drone Camera Market Anticipated to Reach $19.25 Billion by 2021, Reports BIS Research

EDINA, Minnesota, March 22, 2018 /PRNewswire/ --

According to a new market intelligence report by BIS Research, titled "Global Drone Camera Market, Analysis & Forecast, 2017 - 2021", the global drone camera market was $5.45 billion in 2016 and is expected to reach $19.25 billion by 2021. Different types of cameras, such as Standard Definition (SD) camera and High Definition (HD) camera are used in a drone to take aerial photos and videos for various applications across commercial, military and homeland security end-users.

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The global drone camera market is driven by a number of factors such as the increase in demand for drones for imaging and surveillance applications and rise in usage of low-cost DIY drones, among others. Furthermore, the rise in demand for drones across emerging nations and miniaturization of cameras are expected to create viable opportunities in the drone camera market.

Browse 24 market Data Tables and 125 Figures spread through 186 Pages and in-depth TOC on "Global Drone Camera Market, Analysis & Forecast, 2017 - 2021"

The usage of cameras in drones has a long history. However, in the recent years, the demand for drones which are equipped with cameras has increased significantly owing to the increase in demand for drones in entertainment, media and film-making applications. The increase in adoption of camera drones in adventure sports is expected to push forward the demand of high definition camera in the years to come.

The key manufacturers of cameras used in drones are indulging in partnerships and launching innovative, cost-effective and feature-rich cameras for drones. Aeryon Labs, Inc., Canon Inc., FLIR Systems, Inc., DJI Innovations, GoPro, Inc. and CONTROP Precision Technologies Ltd. among others, are some of the leading manufacturers that develop drone cameras.

Based on the end-users, these drone cameras are used across commercial, military, and homeland security end-users. Drone cameras perform several applications across these end-users such as videography and photography, thermal imaging and surveillance applications.

Commercial end-users are expected to account for the highest revenue during the forecast period. In the commercial end-user, the majority of cameras are used for videography and photography application. The market share of military end-user is anticipated to increase considerably during the forecast period.