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Consumer Drones Market 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.

Consumer Drones Market Revenue Analysis

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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.

 

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

  • Autonomous Drone
  • Semi-Autonomous Drone

  • Remotely Operated Drone

By Capability

  • passenger Drones

  • Cargo Drones

By Capacity

  • Up To 100 Kg

  • Over 100 Kg

Consumer Drones Market Segmentation Analysis

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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

KEY PLAYERS : - 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

3D Robotics-Company Financial Analysis

Consumer Drones Market Report Scope:
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.

Frequently Asked Questions

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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Secondary Research

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Primary Research

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Data Bank Validation

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