Consumer
Drone Market study is providing you with the up-to-date,
actionable market information and projections with the latest impact of the
Covid 19 outbreak. It offers all the requisite data to support tactical
business decisions and come up with strategic growth plans. This study also
proposes a comprehensive insight into the development policies and plans in
addition to manufacturing processes and cost structures.
Global
Consumer Drone Market is estimated to grow significantly in the forecast period
owing to the increasing number of consumers encompassing the defense and
entertainment sector. Consumer drones or UAVs are effectively navigated without
a pilot on board the vehicle. They come in wide range of sizes and are
extensively used for defense and entertainment purposes. Usually covering large
areas like geographical surveys or wildlife poaching, consumer drones are
paving the way for market growth.
Consumer
drones market is majorly driven by integration of artificial intelligence and
advanced machine learning algorithm. Moreover, increase in demand for UAVs
stimulates the existing market players to use technologies such as geo-fencing
and collision detection technology. These modernizations improve security,
which makes the systems ideal for recreational and non-recreational uses. They
also comply with the aviation authorities coupled with government initiatives
and growing awareness are driving the consumer drone industry.
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As compared to
the military drones that are powered by solar energy, consumer drones run on
batteries, which are expensive and need to be charged from time to time. This
is expected to hamper the growth of consumer drone market. Additionally, strict
regulations and security issues associated with drones are again obstructing
the market growth. Gimbal, a payload holder attached to the drone, carries and
stabilizes camera’s rotation and positioning to record smooth images and films.
The growing efficiency of camera gimbals is a rising trend in the consumer
drones industry.
The market of
consumer drone is categorized on the basis of product type, technology,
application, and geography. On the basis of product type, the market is divided
into rotary blade drone, fixed wing drone, and hybrid drone. The rotary blade
drones leads the consumer drones market in the past and is expected to continue
its dominance in future as well due to its characteristics like robustness,
durability, and wide applications. Hybrid drones are also expected to gain
popularity in the forecast period owing to its growing application in
photogrammetry and features like long endurance flight, higher payloads and
durability.
Based on
technology, consumer drone industry is separated into semi-autonomous drone,
autonomous drone, and remote-operated drone. Remote-operated drones are
predicted to dominate the market of consumer drone owing to the stringent
regulations imposed by aviation authorities for using drones for entertainment
purposes. Autonomous drones are anticipated to grow progressively in the coming
years owing to the advent of artificial intelligence in the UAVs.
On the basis
of application, consumer drone market is split into defense purposes, aerial
photography, and gaming and hobbyist purposes. Despite several applications in
military and defense sector, drones are extensively used by hobbyists and gaming
professionals. This can be attributed to the technological modernizations in
the systems and growing number of photography and videography artists.
Geographically,
consumer drone industry is segmented as North America, Latin America, Europe,
Asia Pacific, and Middle East & Africa. Owing to the growing adoption of
drones for entertainment purposes, increasing investments, and government
support, North America is expected to lead the market of consumer drone in the
near future.
The major
players in consumer drones industry include Autel Robotics, EHang Inc.,
Guangdong Cheerson Hobby Technology Co. Ltd, Parrot Drones SAS, 3D Robotics,
Inc., Hobbico, Inc., Horizon Hobby, LLC,SZ DJI Technology Co., Ltd., Mota
Group, Inc., and Yuneec International Co. Ltd.
Know
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