Overview and Scope
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.
Sizing and Forecast
The consumer drones market size has grown rapidly in recent years. It will grow from <b>$5.72 billion in 2023 to $6.77 billion in 2024 at a compound annual growth rate (CAGR) of 18.2%. </b> 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 strong growth in the next few years. It will grow to <b>$9.25 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. </b> 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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Segmentation & Regional Insights
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 & Gaming, Aerial Photography, Others
<b>North America</b> was the largest region in consumer drones market in 2023. <b>North America</b> 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.
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Major Driver Impacting Market Growth
Growing demand in agriculture is expected to propel the growth of the consumer drone market in the future. Agriculture refers to the science, art, or practice of cultivating the soil, growing crops, and raising livestock. Consumer drones are helpful for agriculture by providing farmers with detailed information about their crops and livestock, allowing them to make better decisions and optimize their operations. For instance, according to the California Department of Food and Agriculture, a US-based government agency, in 2022, California’s farms and ranches received $55.9 billion in cash receipts for their output. This represents an 8.8% increase in cash receipts compared to the previous year. California agricultural exports totaled $22.5 billion in 2021, an increase of 7% from 2020. Thus, the growing demand in agriculture is driving the consumer drone market.
Key Industry Players
Major companies operating in the consumer drones market include <b> 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) </b>
The consumer drones market report table of contents includes:
1. Executive Summary
2. Consumer Drones Market Characteristics
3. Consumer Drones Market Trends And Strategies
4. Consumer Drones Market analysis
5. Consumer Drones Market Size And Growth
6.Consumer Drones Segmentation
7.Consumer Drones Regional And Country Analysis
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27.Consumer Drones Competitive Landscape And Company Profiles
28.Consumer Drones Key Mergers And Acquisitions
29.Consumer Drones Future Outlook and Potential Analysis
TOP MAJOR PLAYETS:
- 3D Robotics Inc.
- Guangdong Cheerson Hobby Technology Co. Ltd.
- Parrot S.A.
- SZ DJI Technology Co. Ltd.
- Yuneec International Co. Ltd.
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