The Consumer Drones Market is likely to hold the global market at a moderate CAGR of ~13.2% during the forecast period. The global market holds a forecasted revenue of ~US$ 3.84 Billion in 2022 and is likely to cross ~US$ 12.46 Billion by the end of 2032.
The consumer drones market is anticipated to show promising growth prospects during the forecast period, expanding the consumer drones market size.
| Attribute | Details |
|---|---|
| The Consumer Drones Market Estimated Size (2021) | ~US$ 3.39 Billion |
| The Consumer Drones Market Estimated Size (2022) | ~US$ 3.84 Billion |
| The Consumer Drones Market Projected Size (2032) | ~US$ 12.46 Billion |
| The Consumer Drones Market CAGR (2022 to 2032) | ~13.9% |
Previously, the use of drones was restricted to military applications, where they were used as weapon platforms and for security monitoring. The media and entertainment sectors employ drones for aerial photography, filmmaking, and special effects. More changes will occur when drones begin to collaborate with other technology. Drones are now being utilised for a wide range of applications, including weather monitoring, search and rescue, geographical mapping, firefighting, traffic monitoring, delivery services, agricultural, and so on, with the most recent addition being consumer or personal usage.
As the technology is advancing these drones are getting more and more smart and cheap. There are hobbyists and collectors who get such small and medium sized drones to just enjoy the fun of flying these toys around. There are also racing championships for these drones, increasing interest of people from all around the world.
Many individuals are acquiring drones as a recreational hobby. Number of these drones are increasing day by day, as the number of smart features are introduced, making drones more versatile and the basic models are getting cheaper, making them affordable for everybody wanting one. Manufacturers are focused on consumer drone automation through the application of artificial intelligence, which allows for the programming of flying instructions into the drone itself. Furthermore, the integration of deep-learning algorithms and other machine learning approaches is one of the most important factors driving the growth of the consumer drones’ industry.
Drones have wide range of uses in different sectors, mainly in agriculture, construction and logistics. These drones are designed with some unique features that they will help in particular situations. In agriculture, these drones are used for spraying fertilisers and pesticides within minutes, in construction sector, drones are used to carry heavy loads on high levels and supervise construction sites. Drones are used by some logistics companies to carry out deliveries. The smart AI is installed in these drones, which pin point the address and deliver goods.
Such versatility of these drones is projected to have positive impact on consumer drones market.
The consumer drone market has certain challenges. The battery life of drones is the most pressing concern for manufacturers and buyers. Because these drones are modest in size, they cannot carry much weight and their utility is limited. If the motors are lowered in size, they will compensate for battery life but lose speed. If batteries are enhanced, the overall cost of the end product will decrease. Drones are prohibited in several countries. The regulatory authorities impose various conditions that must be met in order to possess and fly drones. Many regulatory agencies have conflicting feelings about drones since they are often used as toys, yet many individuals use them professionally for video filming and filmmaking. There have been multiple drone mishaps, making them deadly if not used properly.
Japan is a tech savvy country. Drones have gained popularity in Japan, as they have many uses and government is also utilising these UVAs in many sectors to maintain safety and harmony. Many professional photographers and videographers are using drones to shoot scenic videos and wedding videos. Japanese government is using drones to promote tourism via social media. These drones are also used to assess the road and traffic conditions is some regions and for surveillance.
China is the second-largest consumer drone market. Many successful manufacturing enterprises call the nation home. The drone market is predicted to expand by 40% through 2025. The Chinese government has favourable drone legislation and policies. Manufacturing firms may create new technology and utilise them to create better drones. In addition, China is pursuing automation in several areas, and drones are being employed to provide a perfect stress-free logistics solution in the highly populated country.
Some key players in the consumer drones market are Autel Robotics, Delair Tech, Eachine, DJI Innovations, Shenzhen Hubsan Technology, Mota Group, Parrot SA3D Robotics, Hobbico Inc., JIANJIAN TECHNOLOGY Co. Ltd., Meijiaxin Innovative Technology Ltd., Horizon Hobby, Ehang Inc., Guangdong Cheerson Hobby Technology and others. These are popular and well-known brands all over the world.
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of ~13.9% from 2022 to 2032 |
| Base year for estimation | 2021 |
| Historical Data Available for | 2017 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative units | Revenue in USD Billion, volume in Units, and CAGR from 2022 to 2032 |
| Report coverage | Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, pricing analysis |
| Segments covered | Product Type, Technology, Application, Region |
| Country scope | USA, Canada, Mexico, Germany, UK, France, Italy, Spain, Russia, India, Thailand, China, India, Japan, Australia, Brazil, Argentina, Colombia, Saudi Arabia, UAE, South Africa |
| Key Companies Profiled | Autel Robotics; Delair Tech; Eachine; DJI Innovations; Shenzhen Hubsan Technology; Mota Group; Parrot SA; 3D Robotics; Hobbico Inc.; JIANJIAN TECHNOLOGY Co. Ltd.; Meijiaxin Innovative Technology Ltd; Horizon Hobby; Ehang Inc.; Guangdong Cheerson Hobby Technology; Others |
| Customization scope | Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. |
The consumer drones market is expected to reach a valuation of ~US$ 3.84 Bn in 2022.
Increasing popularity of drones in several sectors, people gaining interest in drones and enthusiasts and hobbyists purchasing different drones for multiple uses as leisure, vlogging and surveillance are key trends driving the market. Also, availability of these drones on online market places is helping the market to expand.
Leading players operating in consumer drones market are Autel Robotics, Delair Tech, Eachine, DJI Innovations, Shenzhen Hubsan Technology, Mota Group, Parrot SA3D Robotics, Hobbico Inc., JIANJIAN TECHNOLOGY Co. Ltd., Meijiaxin Innovative Technology Ltd., Horizon Hobby, Ehang Inc., Guangdong Cheerson Hobby Technology and among others.
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