Report Scope & Overview:
Consumer Drones Market is evaluated USD 4.34 Billion in 2022, will reach 19.71 billion by 2030, growing at a healthy CAGR of 20.8% from year 2023 to 2030.
Consumer drones market share is expected to increase drastically due to the growing use of these drones for self-entertainment and commercial purposes. Businesses use drone-derived data in their business operations to accelerate the delivery of their services. Advances in aviation and control technology as well as the invention of portable photography and video technology have accelerated the demand for drones including helicopters, multi-copter, and tilt rotor.
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Government agencies around the world lay the foundation for new drone buyer regulations to regulate performance under certain conditions. For example, the Canadian government has issued regulations regarding the use of UAVs, which require testing and certification under two drone operational classes, both basic and advanced. The basic functions of drone include hobbyists and commercial aircraft while advanced functions include licensed operators, who can fly in a controlled airspace.
Market Driver: The development of sensors and the emergence of low-cost drones is one of the key factors supporting the market growth of consumer drones. With the development of performance and features, consumer drones are increasingly equipped with thermal, hyper-spectral, and multi-spectral sensors. Benefits such as non-registration requirements from the FAA, 720p HD cameras are reasonably stable, and compatibility with VR headsets are major factors that will increase their availability level among consumers worldwide during the forecast period.
Market Challenges: Strict government regulations are one of the factors hindering the market growth of consumer drones. The regulatory infrastructure around the drone poses a challenge to the consumer drones market worldwide. One of the guidelines set by these regulatory agencies is the permit that must be obtained before flying a plane near the airport, the user cannot fly a wireless plane more than 400 meters, even in the middle, and so on. Such items may result in lower acceptance of consumer drones in countries with strict laws.
Impact of Covid-19 on Consumer Drone Industry- The consumer drone market is seeing a decline in the use of commercial drones in outdoor activities, as well as the unavailability of workers to perform the tasks required due to the COVID-19 outbreak. According to the WHO, COVID-19 has disrupted the flow of goods and services in all sectors. Many e-commerce companies have stopped providing non-essential items that affect the consumer drones industry and other electronic devices.
By Type- This is the major segment having dominant share in Consumer Drone Industry Hybrid Drone, Rotary Blade Drone, Fixed Wing Drone, Multi Rotor Drones, Fixed Wing Drones, Single Rotor Helicopter, Fixed Wing Hybrid VTOL . also, Hybrid Drone and Rotary Blade Drone holds the major share in consumer drone industry.
By Product- The demand for rotary blade drones will increase significantly over the forecast period due to their ability to move and stay upright. These drones have a long flight time and heavy load and are easy to control, making them popular among other types of drones including fixed-wing and hybrid drones. The rotary blade drone market will see a deep growth rate as it is widely used for aerial photography, surveillance, entertainment, and film production.
By Application- Part of the hobbyists' applications will capture a market share due to an increase in the number of people willing to fly drones for entertainment purposes including photography, entertainment, and video to capture a thrilling experience. recreation run the consumer drone industry. Regulatory authorities use the rules of hobbyist drones to direct their operations. For example, the Federal Aviation Administration (FAA) has provided recreational pilots access to the Low Altitude Authorization and Notification Capability (LAANC) program. This allows pilots to obtain immediate agency approval to fly drones in a controlled airspace.
By Technology- The autonomous consumer drone market will grow at a CAGR of over 20.18% between 2022 and 2028 as they are widely used for harnessing data in real-time from mountainous terrains, unmapped environments, and turbulent opportunities. The use of machine learning and AI algorithms allows these drones to fly intelligently, reaching at locations when GPS is not available. The efficiency of the autonomous drone is dictated by the low-level control enabling them to operate independently based on high-level inputs. Several drone manufacturers are leveraging the power of AI to introduce the next-generation autonomous drones to cater to the customers’ needs.
Competitive Landscape- Leading market participants are 3D Robotics, Cheerson, Parrot S.A, DJI, Yuneec, EHang, Airdog, GoPro, Guangdong Cheerson Hobby Technology, Hobbico, Shenzhen Hubsan Technology, Horizon Hobby, Guangdong Syma Model Aircraft Industrial, Walkera, ZEROTECH, and others. As the market offers good prospects, market participants are expected to witness strong competition in the market. In the years to come, participants may be involved in R&D activities, innovations, and collaborations
MARKET SEGMENTATION:
By Type
Rotary Blade Drone
Fixed Wing Drone
Multi Rotor Drones
Single Rotor Helicopter
Fixed Wing Hybrid VTOL
By Product
Multi-Rotor
Nano
Other Product
By Application
Aerial Photography
Hobbyist & Gaming
Construction
Agriculture
Other Applications
By Technology
Semi-Autonomous Drone
Remotely Operated Drone
By Capability
passenger Drones
Cargo Drones
By Capacity
Up To 100 Kg
Over 100 Kg
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By Region Wise Analysis- North America will remain a major market for consumer drones during the forecast period due to increased government spending on advanced drones and future FAA (Federal Aviation Authority) plans are expected to further industry growth in the region.
Europe will have a significant market share in the global market due to decision-making and the EU's ability to unlock advanced technologies in testing and evaluating the use of potential drones. The Asian consumer market is expected to see dramatic growth during the forecast period due to the huge investment by American investors in the region.
Regional Analysis
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
South Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 4.34 Billion |
| Market Size by 2030 | US$ 19.71 Billion |
| CAGR | CAGR of 20.8% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Type (Rotary Blade Drone, Fixed Wing Drone, Multi Rotor Drones, Fixed Wing Drones, Single Rotor Helicopter, Fixed Wing Hybrid VTOL) • By Product (Multi-Rotor, Nano, Other Product) • By Application (Aerial Photography, Hobbyist & Gaming, Construction, Agriculture, Other Applications) • By Technology (Autonomous Drone, Semi-Autonomous Drone, Remotely Operated Drone) • By Capability (passenger Drones, Cargo Drones) • By Capacity (Up To 100 Kg, Over 100 Kg) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | 3D Robotics, Cheerson, Parrot S.A, DJI, Yuneec, EHang, Airdog, GoPro, Guangdong Cheerson Hobby Technology, Hobbico, Shenzhen Hubsan Technology, Horizon Hobby, Guangdong Syma Model Aircraft Industrial, Walkera, ZEROTECH |
| Key Drivers | • The development of sensors and the emergence of low-cost drones is one of the key factors supporting the market growth of consumer drones |
| RESTRAINTS | • Strict government regulations are one of the factors hindering the market growth of consumer drones. |
Hybrid Drone and Rotary Blade Drone dominated the market growth.
Global conumer drone's market value in 2021 was USD 107 Billion.
Cheerson, 3D Robotics, Parrot S.A., Yuneec, DJI, Hang, GoPro, Airdog, and Guangdong Cheerson Hobby Technology are the major key players in the consumer drone market.
One of the challenges in the consumer drone sector is strict government regulations.
North America is the most important geographic market for consumer drones market.
Table of Contents
1. Executive Summary
2. Introduction
2.1 Market Definition
2.2 Scope
2.3 Research Assumptions
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
4.5 Regulations
5. Impact Analysis
5.1 COVID 19 Impact Analysis
5.2 Metaverse
5.3 Ukraine-Russia Crisis
6. Value Chain Analysis
7. Porter’s 5 forces model
8. PEST Analysis
9. Consumer Drone Industry Segmentation, By Type
9.1 Introduction
9.2 Rotary Blade Drone
9.3 Fixed Wing Drone
9.4 Multi Rotor Drones
9.5 Single Rotor Helicopter
9.6 Fixed Wing Hybrid VTOL
10. Consumer Drone Industry Segmentation, By Product
10.1 Introduction
10.2 Multi-Rotor
10.3 Nano
10.4 Others
11. Consumer Drone Industry Segmentation, By Application
11.1 Aerial Photography
11.2 Hobbyist & Gaming
11.3 Construction
11.4 Agriculture
11.5 Other
12. Consumer Drone Industry Segmentation, By Technology
12.1 Autonomous Drone
12.2 Semi-Autonomous Drone
12.3 Remotely Operated Drone
13. Consumer Drone Industry Segmentation, By Capability
13.1 passenger Drones
13.2 Cargo Drones
14. Consumer Drone Industry Segmentation, By Capacity
14.1 Up To 100 Kg
14.2 Over 100 Kg
15. Consumer Drone Market, By Region/ Country
15.1 Introduction
15.2 North America
15.2.1 USA
15.2.2 Canada
15.2.3 Mexico
15.3 Europe
15.3.1 Germany
15.3.2 UK
15.3.3 France
15.3.4 Italy
15.3.5 Spain
15.3.6 The Netherlands
15.3.7 Rest of Europe
15.4 Asia-Pacific
15.4.1 Japan
15.4.2 South Korea
15.4.3 China
15.4.4 India
15.4.5 Australia
15.4.6 Rest of Asia-Pacific
15.5 The Middle East & Africa
15.5.1 Israel
15.5.2 UAE
15.5.3 South Africa
15.5.4 Rest
15.6 Latin America
15.6.1 Brazil
15.6.2 Argentina
15.6.3 Rest of Latin America
16. Company Profiles
16.1 3D Robotics
16.1.1 financial
16.1.2 Products/ Services Offered
16.1.3 SWOT Analysis
16.1.4 The SNS view
16.2 Cheerson
16.3 Parrot S.A,
16.4 DJI
16.5 Yuneec
16.6 EHang
16.7 Airdog
16.8 GoPro
16.9 Guangdong Cheerson Hobby Technology
16.10 Hobbico
16.11 Shenzhen Hubsan Technology
16.12 Horizon Hobby
16.18 Guangdong Syma Model Aircraft Industrial
16.14 Walkera
16.15 ZEROTECH
17. Competitive Landscape
17.1 Competitive Benchmark
17.2 Market Share Analysis
17.3 Recent Developments
18. Conclusion
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