Global Consumer Drone Market: Overview
The drone is an automatically driven aircraft with human intervention at the faraway source. It is quite complex innovation yet much more useful in every aspect of life.
A consumer drone can be regarded as a personal drone. Earlier the drones were limited only to the defense sector as a weapon against the enemy and for geographical mapping. But with growing technology and an increase in the adoption of drones for purposes other than defense has shifted the technology toward consumer drones.
Global Consumer Drone Market: Growth Factors
The global consumer drone market is expected to grow exponentially over the forecasted years. There are several growth factors like the advancements in drone technology that has lowered the price and made it affordable for every sector.
There is a surge in the usage of drones for commercial and recreational purposes business. Business enterprises are incorporating the data that can be easily acquired by the drone to speed up their business activities like assignment deliveries.
Advancements in the flight technology lead to much controlled operations in automated vehicles. The advancement is opening doors to new opportunities and innovations like video technology and portable photography in drones including tiltrotors, multi-copter, & helicopters and hence, there is a significant growth in the demand for drones. There are improvements made for the administrative support of drones. It enhanced the reliability of the people on automated machines. An increase in investment for the development of drone technology across the globe is driving the global consumer drone market.
Global Consumer Drone Market: Segmentation
The global consumer drone market can be segmented into application, technology, product, and region.
By product, the market can be bifurcated into the hybrid drone, rotary blade drone, and fixed drones.
Among these, the rotary blade drone holds the largest market share due to their capability of landing and taking off the flights vertically so that they can be operated in any kind of terrain.
The rotary blade drones are much in demand due to the high payload capacity, long flight time, and ease in control of handling. There is a significant surge in the usage of rotary blade drones in film making, leisure, surveillance, and aerial photography.
By technology, the market can be bifurcated into the remotely operated drone, autonomous drone, and semi-automatic drone. The automated drone holds the largest market share and is forecasted to grow with a high CAGR in the coming years. They are mostly used for obtaining data in real-time from complex terrains like mountains, unmapped environments, and harsh climatic conditions.
The integration of artificial intelligence algorithms and machine learning in drone technology has made the drone flights possible without a GPS.
By application, the market is bifurcated into the prosumer, hobbyist, and photogrammetry.
The hobbyist segment holds the largest market share due to the surge in the demand for entertainment, photography, and videography for delightful user experiences.
Global Consumer Drone Market: Regional analysis
Europe is dominating the global consumer drone market. Its advanced capabilities in unleashing innovative technology in maximizing the potential capacity of drones have boosted the regional market.
The UK holds the largest market share in the region due to the surge in the use of the drone for recreational purposes like leisure and entertainment.
North America is forecasted to grow exponentially in the coming years.
Asia Pacific is also expected to witness significant growth over the forecast period due to heavy investments in drone technology.
Global Consumer Drone Market: Competitive Players
Some of the prominent leaders in the global consumer drone market are Yuneec International, WLToys, Xiaomi Inc., Walkera Technology Co. Ltd., UDI RC, SYMA, SkyTech Drones, Shenzhen Hubsan Technology, Mota Group, Parrot SA, Meijiaxin Innovative Technology Ltd, JIANJIAN TECHNOLOGY Co. Ltd., Horizon Hobby, Hobbico Inc., Guangdong Cheerson Hobby Technology, Ehang Inc., Eachine, DJI, Delair Tech, Autel Robotics, and 3D Robotics.
Global Consumer Drone Market: Regional Segment Analysis
What Reports Provides