First Person View (FPV) Camera Market

First Person View (FPV) Camera Market Outlook (2024 to 2034)

The global first person view (FPV) camera market is estimated at a value of US$ 825.3 million in 2024 and has been forecasted to expand at a noteworthy CAGR of 14.7% to end up at US$ 3.26 billion by 2034.

First-person cameras, widely known as 'body cameras' or 'wearable cameras', are becoming more commonplace for vlogging and other action purposes. The industry has evolved with higher resolution cameras, reduced latencies, and advanced image stabilization techniques. A combination of AI and machine learning for advanced image processing has also been gaining widespread popularity.

The main target market demographics are hobbyists, professional drone pilots, and users who need them for industrial applications. The most dynamic bit of this entire market is the recreational segment, which continues to gain popularity in light of the wider availability of drones and FPV technologies.

A key FPV camera market trend is the rise of drone racing leagues and FPV communities, which has also led to an innovative culture and competitiveness, which, in turn, has driven interest in FPV tech. Extreme sports, security, medical training, and law enforcement are examples of consumer-driven industries that use these kinds of products, whereas many police and military personnel now wear body cameras as standard equipment.

Report Attributes	Details
FPV Camera Market Size (2023A)	US$ 706.3 Million
Estimated Market Value (2024E)	US$ 825.3 Million
Forecasted Market Value (2034F)	US$ 3.26 Billion
Global Market Growth Rate (2024 to 2034)	14.7% CAGR
East Asia Market Share (2024)	36.5%
China Market Growth Rate (2024 to 2034)	15.1% CAGR
Key Companies Profiled	DJI; AKK Technology Inc.; Amimon Ltd.; Caddx; Connex; Go Pro; Fatshark; Foxeer; Insta360; RunCam; Sony Corporation; Other Prominent Players.

Sales Analysis of First Person View Cameras (2019 to 2023) vs. Market Forecasts (2024 to 2034)

The global FPV camera market size expanded at a CAGR of 11.2% between 2019 and 2023 to reach a size of US$ 706.3 million by 2023.

• Short Term (2024 to 2027): Key factors driving FPV camera sales will be the replacement of conventional cameras with FPV cameras and advanced technological features such as immersive experiences that let users view the world in real time from a first-person perspective.
• Medium Term (2027 to 2030): The market is expected to exhibit significant growth in the medium term due to advancements in image sensing technology leading to the development of high-resolution sensors with quick readout times, picture stabilization, and improved low-light performance.
• Long Term (2030 to 2034): Future technology for FPV cameras is expected to change industries. As 3D imaging, virtual reality experiences, and other technologies mature further, the adoption of FPV cameras will grow at a significant rate through 2034. AI-powered cameras will help capture images in real time and develop 3D images, redefining our understanding of depth and space for virtual reality experiences.

FPV camera market growth has been forecasted at a CAGR of 14.7% during the forecast period (2024–2024), according to Fact.MR, a market research and competitive intelligence provider.

What are the Driving Forces behind Surging FPV Camera Sales Worldwide?

“Compact, Lightweight, and Rugged Design Increasing Task Efficiency”

Through their comprehensive vision, FPV cameras improve task productivity. Whether employed for manufacturing or increasing equipment functionality inside its supporting structure, these cameras are made from lightweight materials. They also include ruggedized shafts that enable them to function at any angle or height and come in various types, such as drone cameras, action cameras, and standalone cameras.

The increasing adoption of artificial intelligence (AI) has resulted in the establishment of specialized AI integration across different verticals in companies worldwide. By incorporating advanced technology such as artificial intelligence and machine learning, users can improve image quality, capture high-definition video, and process information in real-time.

“Growing Virtual Reality and Gaming Markets”

The gaming industry has expanded rapidly in recent years due to the latest technological integration with cutting-edge platforms such as virtual reality (VR) and first-person shooter games that use FPV cameras to provide players with a realistic and virtual experience of the actual world. VR headsets that have FPV cameras enhance players' sensory experiences by immersing them in virtual worlds. FPV cameras allow players to take over the protagonist's perspective in first-person shooter games, enhancing immersion. For example, FPV cameras can erase the distinction between the virtual and real worlds and enhance the gaming experience with unmatched realism and interactivity.

What are the Challenges Encountered by Manufacturers of FPV Camera?

“Addressing Latency Challenges in FPV Applications”

Minimal latency is essential for FPV applications such as drone racing and virtual reality gaming. Precise control and enhanced user experience is essential in dynamic, fast-paced environments, made possible by real-time responsiveness, which guarantees peak performance. Retaining immersion and competitiveness in these high-demand activities requires low latency.

Reducing the latency between the FPV camera's picture capture and the user's device's display is a technical problem for manufacturers. Real-time responsiveness, improved user experience, and satisfying the rigorous demands of FPV applications such as drone racing and virtual reality gaming all depend on achieving seamless synchronization, and manufacturers are working toward addressing these issues.

Country-wise Insights

Why China Seeing High Adoption of FPV Cameras?

“China Leads Global Surveillance Camera Installation Numbers”

The market in China is estimated at US$ 178.3 million in 2024 and is projected to expand at a CAGR of 15.1% through 2034. This market is projected to generate a US$ 549.4 million absolute opportunity from 2024 to 2034.

China is the leader in surveillance cameras. In the country, the demand for surveillance cameras is increasing to maintain law and order. Millions of FPV cameras have been installed in different cities across the country to ensure that public safety is maintained. FPV camera demand is also being substantially driven by the booming drone market in the country.

• The Civil Aviation Administration of China (CAAC) reported that by the end of 2023, there were almost 1.27 million registered drones in the country, a 32.2 percent increase from the previous year. Around 19,000 companies were operating drones, and 194,000 people had drone pilot licenses.

What Makes the U.S. a Profitable Market for FPV Camera Manufacturers?

“FPV Cameras Gaining Widespread Popularity for Recreational Use”

The market for FPV cameras in the United States is projected to expand at 14.6% CAGR and reach US$ 753.3 million by 2034.

In the United States, FPV cameras are growing in numbers due to more consumers using them for recreational applications rather than traditional use, such as extreme sports, drone racing, freestyle flying, and aerial photography and videography. For example, in freestyle flying, recreational drone flying is becoming more popular as a means of obtaining unusual viewpoints and carrying out aerial maneuvers. Pilots can operate their drones more precisely and record their talents with FPV cameras.

Category-wise Insights

Where are FPV Cameras Most Widely Used as an Application?

“High Demand for FPV Cameras for Use in Drone Manufacturing”

Demand for FPV cameras to be deployed in drones is projected to increase at a CAGR of 14.7% from 2024 to 2034.

A typical drone's camera is often underslung and gimbal-mounted, enabling camera rotation and in-flight stabilization. First-person view drones give the user the impression that they are actually in the drone's cockpit. This is accomplished by directly streaming the feed into the operator's goggles or headset. The drone's environment is seen in first-person view for the user, who can also take still photos and videos.

FPV and traditional types of cameras are also being utilized for kinetic and ISR (intelligence, surveillance, and reconnaissance) missions. There is some operational overlap between normal and FPV cameras. Monitoring of large and complex battlefields to small, restricted spaces requires drones with FPV cameras.

Why are Wireless FPV Cameras Hugely Popular?

“Growing Demand for Wearable FPV Cameras in High Mobility Applications”

Wireless FPV cameras are estimated to account for a 32.6% share of the global market in 2024, and the segment is projected to reach a market valuation of US$ 1 billion by 2034-end. Drones, sports & entertainment, and security & surveillance stand out as prominent applications for these cameras.

The popularity of wearable FPV cameras is growing as a result of their widespread use in extreme applications such as virtual reality, adventure sports, drone fighting, surveillance, and the gaming industry. Due to their lightweight, they facilitate unrestricted mobility. While connected cameras restrict the user's movement and viewpoint, new technologies such as 360-degree immersive videos have made FPV wireless cameras all the more important.

Competitive Landscape

Key players in the FPV camera industry are DJI, Caddx, Fatshark, Flir, Foxeer, GoPro Inc., Insta360, RunCam, TBS (Team BlackSheep), AKK Technology Inc., BetaFPV, Connex, HGLRC, Mobius, Sony Corporation, Walkera, and Yuneec International.

Companies are devoting a significant portion of their revenue to R&D to resolve teething problems and offer creative solutions to attract new customers and stay competitive in the market. They are also developing customized offerings for industry-specific needs to compete with other market players.

• In January 2024, GoPro was named the official action camera of the X Games Aspen 2024 elite ski and snowboard competition. GoPro provided immersive course previews and unique athlete perspectives to over 2.4 million viewers globally. The partnership allowed GoPro to showcase its latest HERO12 Black and HERO11 Black Mini cameras, capturing never-before-seen footage and bringing fans closer to the action.
• In December 2023, a collaboration was reached between Realsee and Insta360. Together, Insta360's industry-leading 360 camera technology and Realsee's state-of-the-art virtual tour system, which offers features such as a free floor plan modification tool, an extensive editing toolkit, and the revolutionary AI Virtual Renovation, will improve and intensify virtual tours.

Fact.MR has provided detailed information about the price points of key manufacturers of FPV cameras positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published market report.

Segmentation of FPV Camera Market Research

• By Product Type :

  • Drone/UAV FPV Cameras
  • Action Cameras
  • Standalone FPV Cameras
  • FPV Camera Modules

• By Application :

  • Drones
    • Commercial
    • Recreational
  • RC Vehicles
  • Wearable Devices

• By Connectivity :

  • Analog FPV Cameras
  • Digital FPV Cameras
  • Wireless FPV Cameras
  • Wired FPV Cameras

• By Resolution :

  • Low Resolution (< 1080p)
  • High Resolution (1080p and Above)
  • Ultra-High Resolution (4K and Above)

• By End-use Industry :

  • Drones
  • Sports & Entertainment
  • Security & Surveillance
  • Construction & Infrastructure Inspection
  • Film & Television Production
  • Research & Exploration
  • Education & Training
  • Agriculture

• By Region :

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa