The Global Consumer Drones Market Analysis (2023 - 2030)
The global Consumer Drones Market size was USD 4 billion in 2021 and is estimated to grow to USD 7.5 billion by 2027. This market is witnessing a healthy CAGR of 21.2 % from 2022 to 2027.
The market for consumer drones is rising as aerial photography becomes more and more well-liked. In place of expensive video cranes, photography aficionados are increasingly using drones to take pictures and films from a birds-ey perspective. The US Federal Aviation Administration (FAA) projects that by 2021, the number of small hobbyist drones will reach 3.5 million.
In the upcoming years, the introduction of hybrid drones that use unconventional energy sources will increase industry demand. Solar-powered consumer drones find their importance in a variety of uses, including mapping and monitoring. Due to their quick flight speed, nations like China and the U.S. are heavily investing in the research and development of hypersonic drones.
Due to the COVID-19 outbreak, commercial drone usage for outdoor activities is slowing down, and there is a shortage of labourers to carry out necessary procedures. According to the WHO, COVID-19 has affected production and logistics across many industries. Several e-commerce businesses have stopped selling non-essential goods, which affects the consumer drone market as well as other technological products.
The media and entertainment sectors are utilising drones for aerial photography, cinematography, and special effects. As drones begin interacting with other technology, further changes will manifest. For instance, deploying drones and 3D modelling software during the design stage can be advantageous for road and railroad operators. Additionally, by utilising data from the drone's sensors, the incorporation of AI enables drone suppliers to collect and use visual and environmental data. An essential component of drones powered by AI is computer vision. Drones can now recognise objects in the air and evaluate & collect data on the ground thanks to this technology. Computer vision operates with onboard image processing and high-performance neural networks.
Key Market Insights:
- More than 69.85% of total revenue was attributable to the multi-rotor product segment, which is expected to expand significantly over the projected period. Aerial photography and videography use multi-rotors, which have the benefit of vertical take-off and landing, which is not possible with other analogues. Due to their greater payload capacity, these devices can be used for a variety of purposes. In several areas, multi-rotor drones are heavily used in police enforcement. These have been seen as a superior alternative to inspection and payload carrier applications, which call for greater precision manoeuvring, the ability to fly in numerous directions across difficult terrain, and the capability to focus on distinct targets over extended periods.
- From 2022 to 2027, the others segment, which includes fixed-wing and hybrid drones, is anticipated to develop at the highest CAGR. Even though drones come in a variety of sizes and designs, small fixed-wing and rotary-wing aircraft are frequently used for filming and still photography. The reason drones are so popular is that they can transport many different sensors and devices. The scopes of the application determine the most efficient combination of airborne platform and payload. Drones' popularity is partly due to their capacity to transport a range of sensors and devices.
- The section with the largest share in 2021—more than 65.00%—was toys/hobby drones. Of all recent technological developments, drones are advancing the most. Due to the rapid adoption of autonomous flying technology, certain toy drones can already fly without operator control. Aviation enthusiasts all over the world are increasingly using nano drones for toy and hobbyist applications. Additionally, it is projected that an increase in the need for lightweight drones will fuel the segment's progress. Over the projected period, the prosumer category is anticipated to have the highest CAGR.
- Due to increased technological adoption, North America held a commanding 36.00% of the overall revenue share in 2021. Business growth in the area is probably being driven by the Federal Aviation Administration's (FAA) upcoming constructive measures and increased government investment in such sophisticated drones. The demand for "bird's-eye" views of the earth has sharply increased in recent years, driving up the market for civilian drones used for both commercial and recreational purposes. Other factors driving this demand include the rapid development of consumer electronics, falling server costs, bandwidth consumption, the emergence of cloud technologies, and an improving price-to-performance ratio of hardware components. The growing U.S. market, fuelled by a variety of subjects, offers lucrative commercial chances soon.
Market Segmentation:
By Type:
- Multi-Rotor
- Nano Drones
- Fixed Wings Drone
- Hybrid Drones
By Application:
- Presumer
- Toy\ Hobbyist
- Photography
- Others
By Region:
- North America
- Europe
- Asia-Pacific
- Rest of the World
For More Info, Request Sample Copy Of This Report @
