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Global Consumer Drones Market Size, Share, Trends, Covid-19 Impact & Growth Forecast Report - Segmented By Product (Multi Rotor Drone, Nano Drones, Others), Application ( Prosumer, Toy/Hobbyist, Photogrammetry), And Region (North America, Europe, APAC, Latin America, Middle East And Africa) – Industry Analysis From 2023 To 2028

Published: March, 2023
ID: 8983
Pages: 150
Formats: report pdf report excel report power bi report ppt

Global Consumer Drones Market Size (2023 to 2028)

The global consumer drone market size is expected to be worth USD 4.56 Billion in 2023. It is expected to grow at a CAGR of 12.90% during the forecast period and reach a value of USD 8.36 Billion by 2028.

Drone delivery has the potential to impact not only shipping practices but also the transportation sector. Also, when it comes to medical supplies, emergency assistance, and time-sensitive commodities, drone delivery can be an effective and practical alternative because it removes obstacles like traffic and site accessibility. Furthermore, drones may be a more feasible solution to Urban Air Mobility (UAM) than previously thought despite their potential to revolutionize transportation.

Global Consumer Drones Market Drivers:

The demand for consumer or consumer drones is driven by the increasing craze of aerial photography. Drones are being widely used by photography lovers to take aerial photos and movies. As a result of growing popularity, the consumer drone market is growing. Consumer drone sales have significantly increased globally because of consumers' growing exploration of the advantages of drones in enhancing hobbies and free time activities. Additionally, the market is predicted to continue growing due to technological advancements in consumer drones, a trend that is anticipated to persist during the forecast period.

The rapidly expanding drone services market has prompted several businesses across several industries to begin investing in drones. Businesses that invest in drones expect improved decision-making, cost savings, and revenue growth from the analysis of the data the drones gather. Also, the media and entertainment sectors employ drones for special effects, cinematography, and aerial photography. Furthermore, drones working together with other drones and technology will bring about more improvements. For example, drones and 3D modeling software can be useful for railway and road operators in the design phase.

In addition, by utilizing data from sensors attached to the drone, vendors can collect and make use of visual and environmental data thanks to the integration of artificial intelligence. Also, AI-powered drones depend heavily on computer vision. Drones can now recognize objects in the air and analyze and collect data on the ground, thanks to this technology. Their ability to work with 3D printers, robotics, and other technologies would be facilitated by artificial intelligence, data processing, sensor analysis, and drone network capabilities.

The growing popularity of steady aerial photography, videography, and capture is likely to drive up demand for consumer drones. Consumer drone sales have increased dramatically as a result of new manufacturing advances. The most recent drone model technologies include high-range, dependable, safe, effective, and faster control systems, as well as navigation systems connected to the user's smartphone. Due to the strong demand for drones in the US and Canada, North America leads the world in the consumer drone market.

Governmental organizations from all around the world established the framework for new drone purchase laws that control operations under specific circumstances. For instance, the usage of UAVs is governed by laws issued by the Canadian government that call for certification and testing under two drone operator classes, which are basic and advanced. Hobbyists and commercial aircraft are among the drone's basic users, while licensed operators with the ability to fly in restricted airspace are among its sophisticated users.

The rapid growth of the Consumer drone market is due to a significant increase in investment by several organizations in different industries. Because companies are in anticipation of the cost reductions, increase in revenue, and better decision-making obtain these benefits from the use of drones in the collection of data that is used in the analysis started investing. This resulted in increased investment in drone services by the companies. Wide applications of the drone include aerial photography, cinematography, and special effects in the media and entertainment industries. The application in road and railroad operations and the design stage of 3D modeling software are also significant. The market is experiencing an increase in demand for consumer drones due to the development of product manufacturing innovations. The new technology innovation includes the integration of navigation systems into the drones, which are connected to the user’s device, high range, and reliable, efficient control system. Drones are useful in capturing the breathtaking aerial views of landscapes and cityscapes where manual capturing of view can’t be done. The accessibility and advanced technologies in drones make the market see continuous growth. The easier and more cost-effective features of the drone will drive the demand for consumer drones in the market.

Global Consumer Drones Market Restraints:

One of the things impeding the growth of the consumer drone business is stringent government regulations. The consumer drone market is challenged by the regulatory framework surrounding drones. The requirement to get permission before flying a plane close to an airport, the prohibition on flying a wireless plane farther than 400 meters, even in the Middle, and other regulations are just a few of the rules established by these regulatory bodies. Products like this could make consumer drones less acceptable in nations with tight regulations. Technical issues are one of the major challenges of the consumer drone market. Consumer drones are generally prone to low battery life, flight time, issues in the APP, unstable flight controls, and failure of power on and off. Despite the manufacturer's claim of 10 to 20 minutes of flying time, the drone's battery is limited to only 6 minutes, which makes it unsuitable for shooting 15-minute footage. All these factors are significantly affecting the market share of consumer drones.

Impact of COVID-19 on the consumer drones market:

COVID-19 forced technology companies to bring changes in their products to sustain themselves during the pandemic. As a result, the demand for civil drones increased for the supply of medicines, monitoring, mapping, and other delivery purposes. Delivery issues affected multiple e-commerce businesses, forcing them to adopt drones. Similarly, grocery stores also had to deal with virtual requests. Therefore, e-commerce started using drones as full-time jobs for merchants and startups. After COVID-19, the demand for unmanned aerial vehicles increased drastically for several purposes, including inventory management, home security, search and rescue, and private transportation.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2022 to 2028

Base Year

2022

Forecast Period

2023 to 2028

CAGR

12.90%

Segments Covered

By Product, Application and Region

Various Analyses Covered

Global, Regional, and country-level analysis; Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities

Regions Covered

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

 

This research report on the global consumer drone market has been segmented and sub-segmented into the following categories.

Consumer Drones Market – By Product:

  • Multi-Rotor
  • Nano
  • Others

The multi-rotor segment is the biggest segment in this category of the market. Multirotor aircraft are increasingly being used by aerial photographers and filmmakers because they can take advantage of vertical takeoff and landing, which is not feasible with other kinds of aircraft. Moreover, multirotor drones are widely used in law enforcement throughout different locations. These are thought to be a superior substitute for payload carrier and inspection applications, which call for more precise maneuvering, the ability to fly over difficult terrain, and prolonged operation. For still and video photography, small fixed-wing and rotary-wing aircraft are frequently used. These drones are available in various sizes and configurations. Drones are becoming common because of their capacity to carry a wide range of sensors and devices. 

Consumer Drones Market – By Application:

  • Prosumer
  • Toy/Hobbyist
  • Photogrammetry

The toy/hobbyist segment is expected to be the leading segment of the consumer drone market. Of all the modern technological developments, drones are undergoing the most advancements. With the growing popularity of autonomous flying technology, certain toy drones can now fly without operator guidance. Worldwide aviation enthusiasts are using nano drones more and more for recreational purposes as toys or hobbies. Furthermore, it is anticipated that as demand for lightweight drones rises, the market for toy drones will expand.

However, it is also anticipated that the prosumer segment will expand steadily throughout the course of the forecast period. The quick growth of this industry can be attributed to technological developments in electronics, which have made drones appealing to gamers as a new source of entertainment.

Consumer Drones Market – By Region:

  • North America 
  • Europe 
  • Asia Pacific
  • Latin America
  • Middle East & Africa 

The North American consumer drone market is the dominant market with the highest market share. Future Federal Aviation Authority plans, and higher government spending on sophisticated drones are anticipated to fuel industry expansion in the area. The desire for bird's-eye views has increased, and developments in consumer electronics, cloud technologies, lower server prices, and bandwidth consumption have all contributed to the growth of the civilian drone market.

Europe's consumer drone market holds a significant market share after the North American region, with the capacity to access cutting-edge technologies for assessing and testing possible drone applications. The European Aviation Safety Agency has modified its drone laws to facilitate the use of drones in a variety of industries, including infrastructure, agriculture, transportation, entertainment, and security.

The Asia Pacific consumer drone market is expected to have an exponential growth rate during the forecast period, owing to the significant sums that American investors have invested in the area. In November 2023, the Indian government permitted the central sector scheme to supply women self-help groups with drones for the period 2024 to 2026. This rise can be credited to the established consumer electronics market in Japan, the booming drone sector in China, and the rising demand for drones in developing nations like India and Southeast Asia.

Latin America's consumer drone market will have a steady growth rate during the forecast period. The expansion is aided by less congested skies, a more benevolent regulatory framework, and success stories from drone businesses that use them for inspections, package delivery, agriculture, and other purposes. In Latin America, the commercial and civil sectors are using small unmanned aerial vehicles more frequently.

The Middle East and Africa consumer drone market is likely to witness a considerable growth rate in the coming years. Drones are in high demand in the Middle Eastern construction industry for a variety of uses, such as waste reduction, job site surveillance, progress monitoring, land surveying, and 2D modeling. Drones are becoming increasingly popular in Africa for a variety of uses, including agriculture and mail delivery. 

KEY MARKET PLAYERS:

The major players in the consumer drones market are 3D Robotics, Inc., Da-Jiang Innovations Technology Co., Ltd. (China), Guangdong Cheerson Hobby Technology Co., Ltd., Jianjian Technology Co., Ltd., Parrot S.A, Guangdong Syma Model Aircraft Industrial Co., Ltd, GoPro, Walkera, Yuneec International Co., Ltd., Shantou Chenghai Weili Toys Industrial Co., Ltd.

RECENT HAPPENINGS IN THE MARKET:

  • In 2022, the Mini 3 Pro drone was launched by DJI (Da-Jiang Innovations, a Chinese technology company). The drone features include flight control capabilities, high-quality pictures, and video recording that aims to target consumers. The company mainly focused on portability and affordability for the users.
  • In 2022, a statement stated that there had been a huge amount of USD 5 billion investment in drone technology over the past few years given by the U.S.-based venture capital company Phystech Ventures.

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FAQ's

1. What are the main applications of consumer drones?

Consumer drones are commonly used for photography, videography, recreational flying, aerial surveying, and, in some cases,  racing and gaming.

2. What advancements are driving the consumer drones market?

Advancements include improved camera technology, obstacle avoidance systems, increased flight range, enhanced stability features, and the integration of artificial intelligence for autonomous flight.

3. Are there any safety considerations when flying a consumer drone?

Yes, safety is paramount. Users should be aware of no-fly zones, maintain a visual line of sight, fly in good weather conditions, and follow local regulations. Additionally, basic pre-flight checks are recommended.

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