Consumer Drones Market is projected to grow at a CAGR of 6.09% during the forecast period, reaching a total market size of US$4.278 billion in 2024 from US$3.000 billion in 2018. Drones are aerial vehicles or aircraft systems working in conjunction with onboard sensors and GPS systems that can be controlled remotely or through the use of the software. Drones are normally used for defense, military, and warfare, but in recent times its use in various fields such as photography, agriculture, and farming, construction, sports and racing, surveying, medical emergency, aerial delivery, mining, etc have opened up the drones market. With the use of drones in a vast majority of fields, the market seems to be very lucrative in the future. These are widely adopted by photography enthusiasts that are driving the market growth. Also, other factors such as rising disposable income, increasing adoption of IoT and cloud-based applications, and cheap data services play a key role in advancing the market size. Moreover, the significant reduction in the cost of the drones, easy operability, and the ability to carry more weight has boosted the market growth too. However, the existence of rules and regulations regarding the use of drones is acting as a restraint in the growth of the consumer drones market.
The Consumer Drones Market – Forecasts from 2019 to 2024 is an exhaustive study that aims to present the key market trends through various chapters focusing on different aspects of the market. The study provides a detailed market overview through the market dynamics sections which detail key markets, drivers, restraints, and opportunities in the current market. The report analyzes key opportunity regional markets, and the current technology penetration through lifecycle analysis. The report also analyzes the market through comprehensive market segmentation by product type, application, technology, and geography.
The consumer drones market has been segmented based on product type, application, and geography. Based on product type the market has been segmented into fixed-wing drones, rotary blade drones, and hybrid drones. By application, the market has been classified into hobbyist & gaming and aerial photography.
Regional analysis has been provided with detailed analysis and forecast for the period 2018 to 2024. The global market has been broken down into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific regions. The report also analyzes 15 countries across these regions with thorough analysis and forecast along with prevailing market trends and opportunities which each of these countries present for the manufacturers.
Major players in the consumer drones market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the consumer drones market.
|Market size value in 2018||US$3.000 billion|
|Market size value in 2024||US$4.278 billion|
|Growth Rate||CAGR of 6.09% from 2018 to 2024|
|Forecast Unit (Value)||USD Billion|
|Segments covered||Product Type, Application, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||3D Robotics Inc., SZ DJI technology Co., Autel Robotics, Parrot Drones SAS, Yuneec International Co. Ltd., Horizon Hobby LLC, Shenzhen Hubsan Technology Co., Ltd., Jianjian Technology Co. Ltd., Guangzhou Walkera Technology Co. Ltd., Ehang Inc.|
|Customization scope||Free report customization with purchase|
Frequently Asked Questions (FAQs)
Q1. What will be the consumer drones market size by 2024?
A1. Consumer Drones Market is projected to reach a total market size of US$4.278 billion by 2024.
Q2. What are the growth prospects for the consumer drones market?
A2. The global consumer drones market is projected to grow at a CAGR of 6.09% during the forecast period.
Q3. What is the size of the global consumer drones market?
A3. The consumer drones market was valued at US$3.000 billion in 2018.
Q4. What factors are anticipated to drive the consumer drones market growth?
A4. Rising disposable income, increasing adoption of IoT and cloud-based applications, and cheap data services play a key role in advancing the consumer drones market size.
Q5. How is the global consumer drones market segmented?
A5. The consumer drones market has been segmented based on product type, application, and geography.
3D Robotics Inc.
SZ DJI technology Co.
Parrot Drones SAS
Yuneec International Co. Ltd.
Horizon Hobby LLC
Shenzhen Hubsan Technology Co., Ltd.
Jianjian Technology Co. Ltd.
Guangzhou Walkera Technology Co. Ltd.
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