PUBLISHER: Value Market Research | PRODUCT CODE: 1342952
PUBLISHER: Value Market Research | PRODUCT CODE: 1342952
The global demand for Consumer Drone Market is presumed to reach the market size of nearly USD 29.77 BN by 2030 from USD 7.75 BN in 2022 with a CAGR of 16.13% under the study period 2023 - 2030.
Consumer drones are a form of UAV (Unmanned Aerial Vehicle) that can fly autonomously from the ground and are remotely controlled where all the sensors, GPS, and navigational systems are present. Consumer drones are also referred to as recreational or personal drones. These are aerial vehicles which provide consumers with information about the airspace system and remote areas of the environment above land and water where consumers have limited reach. Consumer drones have a camera attached to be able to see distantly. These are used for hobby photography, personal events such as weddings, etc.
The consumer drone is becoming increasingly popular among people who want to earn an extra income, explore with aerial photography, or fly drones for fun, in addition to traditional flight enthusiasts and hobbyists. Moreover, technological advancement and the emergence of low-cost drones is one of the key drivers supporting the growth of the consumer drone market. Furthermore, increasing consumer drone awareness, drone availability, high-resolution image and video capture, and advancement in drone technologies are few factors driving the growth of the consumer drone market in the coming years. In addition, consumers are increasingly interested in exploring the benefits of drones for enriching leisure activities and interests, resulting in market growth. However, concerns regarding the shortage of battery life are expected to hamper the growth of the consumer drone market.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of consumer drone. The growth and trends of consumer drone industry provide a holistic approach to this study.
This section of the consumer drone market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Consumer Drone market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the consumer drone market include 3D Robotics Inc. (Kitty Hawk), Da-Jiang Innovations Science and Technology Co. Ltd. (DJI), Eachine, Guangdong Cheerson Hobby Technology Co. Ltd., Guangdong Syma Model Aircraft Industrial Co. Ltd. (Syma), Guangzhou Walkera Technology Co., Ltd. (Walker), Yuneec International Co. Ltd., SkyTech Drone Sp. z o. o, Horizon Hobby, LLC, Parrot Drone SAS, Shantou Chenghai Weili Toys Industrial Co. Ltd. (WLtoys), Jianjian Technology Co. Ltd., Hubsan. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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