Sep 25, 2020 10:45 AM ET
iCrowd Newswire – Sep 25, 2020
Consumer Drones Industry 2020
The consumer drone denotes an unmanned aerial vehicle designed and developed for the mass market. In the past, UAVs have most often been related to the military. However, recent technological advancements have led to a growing number of applications for the UAV drones in the consumer market as well as other industries.
The consumer drone market share is anticipated to improve significantly due to the growing utilization of these specialized drones for commercial and recreational purposes. Organizations all over the world are using drone-acquired information in their business undertakings to speed up the delivery of their services.
Market by Top Consumer Drones Companies, this report covers
3D Robotics, Inc.
Guangdong Cheerson Hobby Technology Co., Ltd.
SZ DJI Technology Co.
Yuneec International Co. Ltd.
Mota Group, Inc.
Developments and constant innovations in in-flight technology and controls along with inventions in video technology & portable photography have fueled the demand for consumer drones including multi-copters, helicopters, and tiltrotors.
The government organizations are setting the groundwork for modern and high-tech consumer drone regulations to guide operations under certain conditions.
For instance, the Canadian government has established modern rules regarding the use of consumer drones, which requires testing & certification under different grades of drone operations, basic and advanced.
The basic drone operations cover commercial and hobbyists flights while advanced operations comprise licensed operators, who can fly in governed airspace.
Research report conducted a detailed analysis of the global consumer drone market. As per the research report, the growth of the consumer drone market can be forecasted on the basis of the following segments-
Based on the product type, the consumer drone market can be segmented into-
Based on technology, the consumer drone market can be segmented into-
European consumer drone market is projected to register a significant market share of about 10% by the end of 2024. The UK had an important market share in the year 2016 and is anticipated to maintain its dominance throughout the forecast period. The growth of the UK market is attributed to the considerable advancement and testing of recreational applications for accessibility and entertainment objectives.
Important facts to consider
According to the research, the demand for rotary blade drones will surge over the forecast period due to their proficiency to take off and land vertically. The rotary blade drones have heavy payload capacity and long-lasting flight time and are simple to control, making them prominent among other types of drones including hybrid and fixed-wing drones.
The rotary blade drone market will register a profound growth rate as they are highly utilized for filmmaking, aerial photography, surveillance, and leisure. The autonomous consumer drone technology segment is expected to prosper at a CAGR of about 20% during the forecast period. Autonomous drones are used for extracting data in real-time from unmapped environments, mountainous terrains, and turbulent conditions. The use of artificial intelligence and machine learning algorithms enable these drones to fly efficiently, reaching desired locations even when GPS is not available.
Leading drone manufacturers are leveraging the strength of artificial intelligence to launch the next-generation autonomous drones to fulfill consumer demands. The hobbyists’ application segment is expected to hold a substantial market share of about 45% by the end of 2025. This is attributed to the improvement in the number of consumers willing to fly drones for recreational objectives including entertainment, photography, and videography to capture incredible experiences. This increase in the utilization of consumer drones as a gadget for recreational applications has supported the consumer drone industry.
Table of Contents –Analysis of Key Points
1 Market Overview
2 Manufacturers Profiles
3 Global Consumer Drones Sales, Revenue, Market Share and Competition by Manufacturer (2017-2018)
4 Global Consumer Drones Market Analysis by Regions
5 North America Consumer Drones by Country
6 Europe Consumer Drones by Country
7 Asia-Pacific Consumer Drones by Country
8 South America Consumer Drones by Country
9 Middle East and Africa Consumer Drones by Countries
10 Global Consumer Drones Market Segment by Type
11 Global Consumer Drones Market Segment by Application
12 Consumer Drones Market Forecast (2019-2025)
13 Sales Channel, Distributors, Traders and Dealers
14 Research Findings and Conclusion
List of Tables and Figures
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