What is the present valuation and projected CAGR of the consumer drones market?
The consumer drones market size has grown rapidly in recent years. It will grow from $6.64 billion in 2024 to $7.84 billion in 2025 at a compound annual growth rate (CAGR) of 18.1%. The growth in the historic period can be attributed to growing community, use cases diversification, remote sensing and surveillance, autonomous and ai features.
The consumer drones market size is expected to see steady growth in the next few years. It will grow to $9.32 billion in 2029 at a compound annual growth rate (CAGR) of 4.4%. The growth in the forecast period can be attributed to e-commerce and delivery, environmental and agricultural applications, drone swarms, connectivity and data sharing. Major trends in the forecast period include improved battery technology, noise reduction, advanced camera technology, technological advancements.
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What key drivers have fueled the consumer drones market’s development over the years?
The increasing demand within the agricultural sector is expected to propel the growth of the consumer drone market going forward. Agriculture encompasses the cultivation of soil, crop production, and livestock management. Consumer drones play a pivotal role in agricultural practices by providing farmers with comprehensive insights into their crops and livestock, enabling more informed decisions and the optimization of farming operations. For instance, in February 2024, according to the Department for Environment Food and Rural Affairs, a UK-based government department, in 2022, agriculture contributed £13.9 billion (approximately $17.4 billion USD) to the UK economy in Gross Value Added (GVA) at basic prices, representing 0.6% of the nation’s GDP. This marks a notable increase of £1.8 billion (around $2.25 billion USD), or 15%, compared to 2021. Therefore, the increasing demand within the agricultural sector is driving the growth of consumer drone market.
What is the segmentation for the consumer drones market?
The consumer drones market covered in this report is segmented –
1) By Type: Fixed Wing Drone, Rotary Blade Drone, Hybrid Drone
2) By Technology: Remotely Operated Drone, Semi-Autonomous Drone, Autonomous Drone
3) By Application: Hobbyist And Gaming, Aerial Photography, Others
Subsegments:
1) By Fixed Wing Drone: Small Fixed Wing Drones, Medium Fixed Wing Drones, Large Fixed Wing Drones, Other Fixed Wing Drones
2) By Rotary Blade Drone: Single Rotor Drones, Multi-Rotor Drones (Quadcopters, Hexacopters, Octocopters), Other Rotary Blade Drones
3) By Hybrid Drone: Vertical Take-Off And Landing (VTOL) Drones, Fixed Wing And Rotary Blade Hybrid Drones, Other Hybrid Drones
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Who are the most influential companies in the consumer drones market?
Major companies operating in the consumer drones market include 3D Robotics Inc., Guangdong Cheerson Hobby Technology Co. Ltd., Parrot S.A., SZ DJI Technology Co. Ltd., Yuneec International Co. Ltd., EHang Holdings Limited, Airdog Ltd., GoPro Inc., Hobbico Inc., Shenzhen Hubsan Technology Co. Ltd., Horizon Hobby LLC, Guangdong Syma Model Aircraft Industrial Co. Ltd., Walkera Technology Co. Ltd., ZEROTECH Intelligence Technology Co. Ltd., Autel Robotics USA LLC, Syma Toys Industrial Co. Ltd., Blade Helis, Holy Stone Enterprise Co. Ltd., JJRC Toy Factory, Potensic Technology Co. Ltd., Ryze Tech (Shenzhen) Co. Ltd., Snaptain, Altair Aerial LLC, Contixo Inc., Force1 RC LLC, GoolRC, Ruko Smart Co. Ltd., ScharkSpark, SGOTA, SIMREX Corporation, Tello, UDI RC, Shantou City Chenghai District Wisha Electronic Toys Factory (Visuo)
How will emerging trends drive the consumer drones market throughout the forecast period?
Major companies operating in the consumer drone market are developing innovative products such as Mini 4 Pro to better serve the customers. Mini 4 Pro is a lightweight and easy-to-use drone that comes with the built-in DJI Fly app, eliminating the need for smartphone use during flight. For instance in September 2023, SZ DJI Technology Co. Ltd., a China-based technology company launched Mini 4 Pro, a mini-camera drone. The DJI Mini 4 Pro has unique features such as Large-Angle Tilt, True Vertical Shooting, Digital Zoom, DJI O4 FHD digital video transmission system, omnidirectional obstacle sensing, upgraded ActiveTrack 360°, improved camera sensor, and Intelligent Flight Battery, making it a versatile and powerful drone for adventure enthusiasts.
What are the major regional insights for the consumer drones market, and which region holds the top position?
North America was the largest region in consumer drones market in 2023. North America is expected to be the fastest growing region in the global consumer drones market during the forecast period. The regions covered in the consumer drones market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Consumer Drones Market Report 2025 Offer?
The consumer drones market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
The consumer (recreational) drone refers to unmanned aerial vehicles used for purposes of entertainment and have simple-to-use controls targeted at general public use rather than for commercial purposes.
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