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.
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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. Furthermore, integration of AI (Artificial Intelligence) and machine learning programming empowers the autonomous operation of drones that is expected to create huge opportunities in the market. For instance, in 2018 Skydio, the manufacturer of an autonomous drone, launched one of the first professional grade consumer UAV R1.
The incredible advancements in the tech space have indeed been a major driving force for consumer drone market growth. Unmanned aerial vehicles have been used for military and meteorological purposes for long but have witnessed a surging demand in the recent years. This progress can be attributed not only to compactness of size, but also to the increasing deployment of drones in a plethora of application sectors such as videography, journalism, crime fighting, and search and rescue operations. A brief outline of two pivotal applications of consumer drone industry is enumerated in the paragraphs below, that may provide a better insight into the current dynamics of this business space.
Citing an instance of the same, one of the major consumer drone market players of France, Parrot has created a new division, named as Parrot Professional, to integrate its consumer and commercial grade drone technology. It would be prudent to mention that the firm deployed the said technology and has recently introduced new drones which can be utilized across agricultural and construction sectors.
Moreover, the latest drones would reportedly act as a bridge between Parrot’s low-priced and other highly-expensive consumer products. The launch of such innovative and cost-effective products would prove to be of immense convenience for operators to fly UAVs for commercial purposes, which would consequentially boost the consumer drone market in the ensuing years. In fact, as per reliable estimates, the overall remuneration portfolio of the global consumer drone industry is forecast to exceed USD 9 billion by the year 2024.
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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 industry 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.
Some Points From Table Of Content: –
Chapter 5. Global Consumer Drone Market, By Product
5.1. Global consumer drone industry, 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 industry 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
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