The latest research study “Consumer Drone Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global consumer drone market size reached US$ 3.56 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 8.72 Billion by 2027, exhibiting a growth rate (CAGR) of 14.60% during 2022-2027.
Consumer drone represents unmanned aerial vehicles (UAVs) equipped with thermal cameras, receivers, global positioning systems (GPS), controlling computers, ultrasonic and collision avoidance sensors, remote ground control systems (GSC), etc. It is predominantly available in rotary blade, fixed-wing, hybrid, autonomous, semi-autonomous, and remote-operated types. These consumer drone variants are manufactured using carbon fiber composites that aid in minimizing weight and improving maneuverability. They prove highly effective in traffic and weather monitoring, firefighting, geographical mapping, surveillance, photography, irrigation management, etc. Consumer drone models help in enhancing productivity, and efficiency, collecting real-time data, and performing high-quality aerial filming. Consequently, they are in extensive demand among consumers across the globe.
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We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Consumer Drone Market Trends and Drivers:
The escalating popularity of aerial photography across countries and the emerging trend of capturing videos and photographs from a birds-eye view are primarily driving the consumer drone market. Additionally, the growing product adoption in the agriculture segment to monitor crops and livestock and analyze soil is also positively influencing the market growth. Moreover, the launch of advanced products that can be conveniently linked to users’ devices to offer enhanced control and speed while being safe, reliable, and efficient is acting as another significant growth-inducing factor. In line with this, the increasing integration of artificial intelligence (AI) and machine learning (ML) with these drone models to produce high-resolution images and the elevating need from the construction segment to survey lands, provide constant and reliable topographic updates, and prevent hazardous situations are further augmenting the global market. Besides this, the expanding inclination for multi-rotor drones with a higher payload capacity, which makes them suitable for numerous end-use applications that require vertical take-off and landing is expected to propel the consumer drone market over the forecasted period.
Consumer Drone Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Autel Robotics, Guangdong Syma Model Aircraft Industrial Co. Ltd., Guangzhou Walkera Technology Co. Ltd., Horizon Hobby LLC, Hubsan, Jianjian Technology Co. Ltd., Parrot SA, Skydio Inc., SZ DJI Technology Co. Ltd. and Yuneec International.
The report has segmented the market on the basis of product, technology, distribution channel and application.
Breakup by Product:
- Multi-rotor
- Nano
- Others
Breakup by Technology:
- Autonomous Drone
- Semi-Autonomous Drone
- Remotely Operated Drone
Breakup by Distribution Channel:
- Online
- Offline
Breakup by Application:
- Toy/Hobbyist
- Prosumer
- Photogrammetry
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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