Consumer Drones Market

Consumer Drones Market Size, Trends & Forecast (2021 - 2026)

Consumer Drones Market is anticipated to reach around USD 17.5 billion by 2026, recording the CAGR of more than 20%.

Earlier these drones were only used for industrial and defense purposes. Because of these limited adoptions of these drones made the drones market much unknown to reg-ular consumers. Since the last couple of years, due to the awareness of these drones among people, these drones were getting adopted by many other industries like photography, film, e-commerce, and others.

Because of the rising usage of these drones in various industries and purposes, the global market is estimated to grow tremendously. Due to the demand for drones in consumers, drone manufac-turers are also started to expand their application portfolio to adjust to every consumer. And the advancements in drone technologies and the skill when they are getting used are boosting the con-sumer drones market.

Rules for flying a drone will differ from country to country. The basic rules for flying a drone fol-low the flying heights, drone weights, drone segments, drones with cameras or not. However, the stringent regulations when flying a drone by governments of some nations and the lack of aware-ness about them are the restraints that are hindering the consumer drone market. Also, complexity in acquiring a license from governments to fly a drone is making people unable to buy drones. And also, a lack of technicians who can operate a drone entirely are the challenges for the growth of the consumer drone market.

Growth Driving Factors

An increase in the application list of these drones in various industries is one of the growth factors of the global consumer drone market. Adoption of drone photography to capture moments with ease is positively affecting the market. And also, cinematographers adopting these drones to film a video made their work easier and perfect which tends to drive the market. Advancements in the technology of these drones made them expand their portfolio and widened applications of these drones, which enabled the people to look at them to own them according to their needs.

Key Challenges

Stringent rules of the governments in various countries like flying heights as such are making people confused about buying which kind of drones. And the complexities involved while acquiring the license to operate a drone are the significant challenges faced by the consumer drone market. Also, the lack of skilled technicians to operate a drone is letting down the consumer drone market.

Potential Opportuities

Using these drones as toys and the adoption of them by photography enthusiasts for personal usage might create opportunities for the growth of the global consumer drone market in future. The adoption of drones in the logistics industry to deliver goods is likely to increase in the coming years, opening a new market potential for consumer drones.

REPORT COVERAGE

This research report on the Global Consumer Drones Market has been segmented & sub-segmented into the following categories and analyzed market size & forecast for each segment until 2026.

Consumer Drones Market Analysis - By Product

• Multi-Rotor Drone
• Nano Drones
• Fixed Wing
• Hybrid Drones

On the basis of product, the Multi-rotor drone segment is dominating with the highest shares of the market. Launch of 3D model drones is very helpful in creating 3D maps in the aerial photogrammetry.

Consumer Drones Market Analysis - By Technology

• Remotely Operated Drone
• Semi-Autonomous Drone
• Autonomous Drone

On the basis of technology, the remotely operated drone is holding the highest shares of the market from the past few years and is projected to continue the same in the coming years. The rise in the demand from the agriculture sector is also to fuel the growth of the market.

Consumer Drones Market Analysis - By Region

The Consumer Drones Market Report includes the segmentation of Regions with their respective Countries.

• North America Consumer Drones Market includes U.S, Canada

• Europe Consumer Drones Market includes the UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of Europe

• Asia Pacific Consumer Drones Market includes India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC

• Latin America Consumer Drones Market includes Brazil, Mexico, Argentina, Chile & Rest of LATAM

• Middle East & Africa Consumer Drones Market includes KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA

Regionally, North America is leading with dominant shares of the market with the increasing capital income in both developed and developing countries. The Asia Pacific is next to North America in having dominant shares of the market by owing to the quick adoption of the latest technologies.

Europe is anticipated to hit the highest CAGR in the coming years with the increasing investments in the manufacturing of drones for personal use such as for security purposes. The Middle East and Africa are esteemed to have a slight inclination in the growth rate in foreseen years. Increasing awareness over the utilization of drones for photography and in monitoring traffic is accelerating the demand for this market.

Top companies operating in the Global Consumer Drones Market profiled in this report are BAE Systems, Elbit Systems, AeroVironment Inc., DJI Dragonfly, General Atomics, Lockheed Martin Corp., Israel Aerospace Inc., Northrop Grumman, Textron Inc. and Parrot SA among others.