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Flying Security Camera Market

Segmentation by Type (SD, and HD Camera); by Application (Thermal Imaging, Surveillance, and Photography and Videography); and by End Use (Military, Homeland Security, Infrastructure, Commercial, and Others) – Global Demand Analysis & Opportunity Outlook 2030

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Report ID: 3665 | Published On: Feb 07, 2023
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Global Flying Security Camera Market Regional Synopsis

On the basis of geographical analysis, the global flying security camera market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. The market in Asia Pacific is estimated to witness noteworthy growth over the forecast period on the back of the escalating safety and security concerns across emerging nations, and largescale production and consumption of surveillance cameras in the region. In addition, availability of lower price products with advanced technologies is also projected to bolster the region’s market growth in the coming years. Moreover, the market in North America is expected to grab the most significant share during the forecast period ascribing to the high military spending, and frequent updating of old UAV fleets with new ones for effective operations and results. As per the data provided by the World Bank, in 2020, the military spending of the United States was 3.7 percent of the total GDP share, and the same value for Canada grew up to 1.4 percent of GDP.

Flying Security Camera Market Share Graph

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The global flying security camera market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook


Flying Security Camera Market Graph
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Major Macro-Economic Indicators Impacting the Market Growth
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Research and Development Expenditure Graph

The never-ending growth in internet accessibility around the world along with numerous technological advancements comprising 5G, blockchain, cloud services, Internet of Things (IoT), and Artificial Intelligence (AI) among others have significantly boosted the economic growth in the last two decades. As of April 2021, there were more than 4.5 billion users that were actively using the internet globally. Moreover, the growth in ICT sector has significantly contributed towards GDP growth, labor productivity, and R&D spending among other transformations of economies in different nations of the globe. Furthermore, the production of goods and services in the ICT sector is also contributing to the economic growth and development. As per the statistics in the United Nations Conference on Trade and Development’s database, the ICT good exports (% of total good exports) globally grew from 10.816 in 2015 to 11.536 in 2019. In 2019, these exports in Hong Kong SAR, China amounted to 56.65%, 25.23% in East Asia & Pacific, 26.50% in China, 25.77% in Korea, Rep., 8.74% in the United States, and 35.01% in Vietnam. These are some of the important factors that are boosting the growth of the market.


Market Segmentation

Our in-depth analysis of the global flying security camera market includes the following segments:

By Type

  • SD Camera
  • HD Camera

By Application

  • Thermal Imaging
  • Surveillance
  • Photography and Videography

By End Use

  • Military
  • Homeland Security
  • Infrastructure
  • Commercial
  • Others

Growth Drivers

  • Growing Adoption of Drone-Based Applications Across the Globe
  • Rising Government Spending Capacity over Public Facilities and Spaces

Challenges

  • Increasing Number of Inferior Quality Products by Local Players


Military Expenditure Graph
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Top Featured Companies Dominating the Market

    • Aeryon Labs Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis 
    • Go Pro Inc.
    • FLIR Systems, Inc.
    • Elbit Systems Ltd.
    • Israel Aerospace Industries Ltd.
    • Elbit Systems Ltd.
    • SZ DJI Technology Co.
    • Canon Inc.
    • Amazon Wen Services, Inc.
    • Arecont Vision LLC

In The News

  • September 2020- Amazon launched its Ring Always Home Cam, which is an autonomous style drone-style camera that can fly around the home for recording disturbances when the residents are away.

  • January 2019- FLIR systems acquired Aeryon Labs in a deal worth USD 200 million to expand its solutions with advanced airframes, sensors and flight management software.


Global Economic Impact

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Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.

Key Questions Answered in the Report

1) What are the major factors driving the growth of the flying security camera market?

Ans: The major factors driving market growth are growing adoption of drone-based applications across the globe, and rising government spending capacity over public facilities and spaces.

2) What would be the CAGR of flying security camera market over the forecast period?

Ans: The market is anticipated to attain a CAGR of ~29% over the forecast period, i.e., 2022 – 2030.

3) What are the challenges affecting the flying security camera market growth?

Ans: Increasing number of inferior quality products by local players is estimated to hamper the market growth.

4) Which region will provide more business opportunities for growth of flying security camera market in future?

Ans: Asia Pacific will provide more business opportunities for market growth owing to the escalating safety and security concerns across emerging nations, and largescale production and consumption of surveillance cameras in the region.

5) Who are the major players dominating the flying security camera market?

Ans: The major players in the market are Go Pro Inc., FLIR Systems, Inc., Elbit Systems Ltd., Israel Aerospace Industries Ltd., Elbit Systems Ltd., and others.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the flying security camera market?

Ans: The market is segmented by type, application, end use, and by region.

8) Which segment captures the largest market size in the application segment in the flying security camera market?

Ans: The surveillance segment is anticipated to hold largest market size and is estimated to grow at a notable CAGR over the forecast period and display significant growth opportunities.

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