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According to Global Market Insights, Consumer Drone Market size is anticipated to cross USD 9 billion by 2024 with a CAGR of above 18% during the forecast period. The consumer UAVs are aircraft without human pilot aboard. These are well-known and are widely used as prototypes or toys for children and are designed & developed for entertainment purposes for consumers to utilize it at beaches & parks.The consumer drone market is driven by the rising awareness about drone technology. It has allowed the government to take measures ensuring convenience, safety, and reliability for entertainment purposes. The relaxation by the government authorities and the rising investments are also fueling the market growth. The industry is exploring different consumer drone applications with a focus on developing the autonomous drones.
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The rotary blade drone dominates the market due to its high durability, reliability, and robustness and its rising use in photography and gaming applications. The rotary blade offers a good control over framing and positioning as compared to the other two and is widely utilized in aerial photography. The consumer drone market in hybrid drone sector is expected to grow faster due to its increasing use for photogrammetry applications. It has the features of a rotary blade as well as fixed-wing UAV. It offers several advantages over rotary and fixed-wing drones, such as higher payloads, durability, long endurance, and flexible flights, that make it a demanding product for prosumers.
Remotely-operated drones are leading the market due to strict regulations by the government. However, the autonomous UAV is observed as a substantially growing technology in the consumer drone market. The technological advancement is due to the integration of AI and advanced machine learning in UAVs. The gaming market is expected to grow substantially due to the advancements in the drone technology. The other factors augmenting the growing demand in the market include the rising use for aerial photography and the increasing interest of vendors to deliver new autonomous products in segments such as agriculture, entertainment, and construction.
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North America holds the majority of the global consumer drone market due to the growing adoption of drones for discovering and innovatively capturing the events through videos and aerial photography. The relaxation in regulations Federal Aviation Administration (FAA), U.S. on the use of the drone for entertainment and non-entertainment applications is forecast to have a great impact on the market. In addition, a high disposable income of the population and presence of big market players, such as 3D Robotics, UDI RC, and Horizon Hobby, are delivering the market with innovative products.
The Asia Pacific market is estimated as the fastest growing market due to increasing investments in the technology in developing economies such as China and India. Furthermore, China is the leading the consumer drone market due to the availability of market players and huge investments for R&D from top investors globally. It is forecast that China will build the world’s largest consumer UAV over the forecast timeline with a disruptive technology and has capabilities to raise its market position.
The consumer drone market is very competitive due to the presence of both major players and small organizations. The drone market is highly competitive in terms of features, pricing, functionality, and product. Some of the major consumer drone market vendors are Horizon Hobby, DJI, 3D Robotics, Parrot, Cheerson Hobby, Mota Group, Hobbico, Shenzhen Hubsan Technology, Jianjian Technology, UDI RC, Meijiaxin Innovative Technology, Walkera Technologies, SkyTech, SYMA, and Yuneec.
Browse key industry insights spread across 350 pages with 210 market data tables & 30 figures & charts from the report, “Consumer Drone Market Size By Product, By Technology, By Application, Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, Australia, China, India, Japan, South Korea, Brazil, Mexico, GCC, Israel, South Africa), Growth Potential, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/consumer-drone-market
Table of Contents (ToC) of the report:
Chapter 5. Global Consumer Drone Market, By Product
5.1. Global consumer drone market, by product, 2013 & 2024
5.2. Fixed wing drone
5.2.1. Market estimates and forecast, 2013 - 2024
5.2.2. Market estimates and forecast, by region, 2015 – 2024
5.3. Rotary blade drone
5.3.1. Market estimates and forecast, 2013 - 2024
5.3.2. Market estimates and forecast, by region, 2013 - 2024
5.4. Hybrid drone
5.4.1. Market estimates and forecast, 2013 - 2024
5.4.2. Market estimates and forecast, by region, 2013 – 2024
Chapter 6. Global Consumer Drone Market, By Technology
6.1. Global consumer drone market share by technology, 2013 & 2024
6.2. Remotely operated drone
6.2.1. Market estimates and forecast, 2013 - 2024
6.2.2. Market estimates and forecast, by region, 2013 – 2024
6.3. Semi-autonomous drone
6.3.1. Market estimates and forecast, 2013 - 2024
6.3.2. Market estimates and forecast, by region, 2013 – 2024
6.4. Autonomous drone
6.4.1. Market estimates and forecast, 2013 - 2024
6.4.2. Market estimates and forecast, by region, 2013 – 2024
Chapter 7. Global Consumer Drone Market, By Application
7.1. Global consumer drone market share by application, 2013 - 2024
7.2. Prosumer
7.2.1. Market estimates and forecast, 2013 - 2024
7.2.2. Market estimates and forecast by region 2013 - 2024
7.3. Hobbyist/Toys
7.3.1. Market estimates and forecast, 2013 - 2024
7.3.2. Market estimates and forecast by region 2013 - 2024
7.4. Photogrammetry
7.4.1. Market estimates and forecast, 2013 - 2024
7.4.2. Market estimates and forecast by region 2013 - 2024
Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/consumer-drone-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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