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Vancouver, British Columbia, November 30, 2021 /PRNewswire/ - The global drone camera market in 2020 will be USD 4.32 billion. The increase in the adoption rate of drone cameras in various terminal industries such as military, homeland security, and commerce, including others, has largely contributed to the growth of market revenue.

Driving factor: Increased demand for drone cameras for surveillance

Due to its higher mobility, drones with cameras can be used as close-range observation equipment, allowing free movement in the desired position. Drones equipped with cameras, sensors, and GPS tracking help keep a close eye on the various activities of streets, buildings, and different groups of people. Surveillance drones can also perform fast patrols around the periphery, usually at a speed 5 times faster than traditional drones. Unlike the use of relatively expensive helicopters for aerial surveillance, drone cameras significantly reduce costs. They also provide real-time streaming media, which makes them an excellent device for the media and entertainment industry, especially live streaming.

UAVs equipped with cameras can change the way data is collected. This kind of equipment is fast and can visit places or places that humans cannot visit. They produce very low sound, are equipped with thermal sensors, and some have night vision capabilities, which makes them very useful for defense applications. Due to other factors and these factors, more and more end users choose to use drone cameras instead of manual investigation and monitoring, which promotes the revenue growth of the global drone camera market.

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Restrictions: rules and regulations imposed by different governments

Drone cameras may raise concerns related to public privacy and may cause national security risks or concerns. To this end, governments of various countries have formulated various drone regulations and laws to protect the privacy and national security of citizens of all countries. For example, in the United Kingdom, the Civil Aviation Authority (CAA) stipulates that private and commercial drones can only fly at an altitude of 400 feet or 500 meters, and the weight of the drone should be less than 20 kg, and it must be kept away from the drone. Signals from aerial equipment such as helicopters, airplanes, and areas around the airport cannot be used. In addition, users must not violate any private or safety laws, and must fly within the prescribed range. Because many individuals or companies are unwilling to invest, they cannot realize the overall potential of their preferred drones and cameras, and even have to keep these products away from the sky or have to fly only in designated or specific areas.

According to Emergen's latest report, the global drone camera market is expected to reach USD 32.07 billion in 2028, with a compound annual growth rate of revenue of 28.4%. The increasing application of drone cameras in surveillance and thermal imaging is driving market revenue growth.

COVID-19 has no significant negative impact on the growth of the drone camera market. During the COVID-19 pandemic, domestic and international transportation has been closed for several months. During these difficult times, drones equipped with cameras are used to monitor active cases of COVID-19 patients in different contaminated areas. Governments of different countries have chosen drone cameras to monitor and prevent people from gathering. They are also used by local authorities for street surveillance and policing, as well as to broadcast information about lockdowns and COVID-19 preventive measures or related information.

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New innovations in drone cameras are driving the growth of the drone camera market. The new innovative drone has patents for inflatable structures and various sensors, and can be used for various tasks, such as search and rescue missions. Newer technology drones are equipped with 3 gimbal shafts, which helps them compensate for the vibrations and turbulence that occur, especially when trying to hover on different surface levels.

In terms of revenue, the Asia-Pacific market is a major contributor to the global drone camera market. The largest producing countries include China and Japan, while the largest consumer or buyer markets or regions are North America and Europe.

In September 2021, the Indian government announced a new plan for the drone industry, in which it announced a product linkage incentive (PLI) of US$15.9 million, which claims to bring more than US$665.7 million in investment within three years. The cost of a remote drone pilot license has also been reduced to a nominal level and decoupled from the size of the drone.

Some key points in the report

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Emergen Research has segmented the global drone camera market based on type, application, resolution, end use, and region:

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