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Consumer Drone Market Size, Share & Growth | Forecast [2031]
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Consumer Drone Market Size, Share & Growth | Forecast [2031]

Segments - Consumer Drone Market by Applications (Photogrammetry, Prosumer, and Toy/Hobbyist), Products (Nano, Multi-rotor, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Author : Raksha Sharma
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Fact-checked by : V. Chandola
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Editor : Shruti Bhat

Upcoming | Report ID :ICT-SE-4326 | 4.1 Rating | 67 Reviews | 223 Pages | Format : PDF Excel PPT

Report Description


The global consumer drone market size valued at USD 4.1 Billion in 2022 and is projected to reach USD 12.61 Billion by 2031, expanding at a CAGR of 13.3% during the forecast period, 2023-2031. The growth of the market is attributed to the development of new creative technologies such as collision avoidance and geo-fencing, which make flying drones safer.

A consumer drone, often known as a hobby or personal drone, is a mass-market unmanned aerial vehicle (UAV) that has become widely receptive for various applications. Novel electronics technology has widely accepted drones as a new form of platforms for executing various consumer related activities. 

Consumer Drone Market Outlook

In order to balance innovation and safety, several new policies implemented by governments across the globe in response to the growing global demand for drones and the increasing acceptance of consumer drones. 

In the United States, the Federal Aviation Administration (FAA) has issued new regulations that helped to accelerate the use of UAVs in the country. The technology is still in its early infant stages of development and it is expected to have significant economic and technological impact in the near future.

The COVID-19 pandemic has had wide-ranging effects, with many people waiting for unemployment checks and many others still working remotely. Companies employ several means or actions to repurpose their products in order to combat the pandemic.

The civilian drone business was particularly affected by this repurposing. However, major companies are increasingly focusing on the development of consumer drone owing to its extensive advantages in the utility of their mapping, inspection, and delivery capabilities.

  • Evolution of consumer UAVs into flying smartphone-likewise platforms is expected to drive the market in the coming years.

  • New government regulations favoring the establishment of drone system for enhancing consumers’ real experience of various services are anticipated to propel the market.

  • Emergence of hybrid drones that operate on non-conventional energy sources is expected to boost the products demand.

  • Concerning issues regarding privacy concerns, risk of mishaps, and high cost of maintenance and repair of drones can hamper the market expansion during the forecast period.

  • Technologically modification including navigation, advanced speed, and control technologies are expected to create lucrative opportunities for the market growth.

Scope of Consumer Drone Market Report

The report on the global consumer drone market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Consumer Drone Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Applications (Photogrammetry, Prosumer, and Toy/Hobbyist) and Products (Nano, Multi-rotor, and Others)

Regional Scope

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

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Parrot; 3D Robotics; Walkera; WL Toys; Syms Toys; Hubsan; DJI Innovations; Yuneec Electric Aviation; JJRC; Cheerson; Eachine; Blade/Horizon Hobby; and SkyTech

Consumer Drone Market Segment Insights

On the basis of applications, the consumer drone market is segmented into photogrammetry, prosumer, and toy/hobbyist. The prosumer segment is projected to expand at a considerable CAGR during the forecast period. Drone racing, as a recreational sport, is being promoted on a large scale in numerous geographies, resulting in greater use of drones for prosumer applications.

On the other hand, the toy/hobbyist segment is anticipated to account for a major market share during the forecast period owing to the advancement of technology in electronics while gaming enthusiasts have begun to consider drones as a new source of entertainment.

The demand for drones in the photogrammetry application category was expected to be around 20,000 units, with that number anticipated to rise significantly over the next eight years. For photogrammetry applications, low-altitude tiny drones offer an edge over existing aerial technologies.

Consumer Drone Market Applications

In terms of products, the market is divided into nano, multi-rotor, and others. The multi-rotor segment is expected to hold significant share of the market owing to rising demand in aerial photography and FPV racing. However, the nano segment is projected to accounts for a large market share as the relative operating cost effectiveness of such drones is expected to expand their use for numerous reasons.

Fixed-wing and hybrid drones are examples of other drones. Fixed-wing drones are becoming more popular in FPV racing. Drones with fixed wings are increasingly being used for large-area coverage such as aerial surveillance and mapping. Drones that run on solar power are useful for a variety of tasks, including mapping and monitoring.

In terms of regions, the consumer drone market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the projected period owing to the FAA’s upcoming positive efforts as well as increased governments’ spending on advanced drones.

However, the market of Asia Pacific is anticipated to expand at a rapid pace during the forecast period due to wide establishment of several startups for e-commerce and delivery services with massive investment from major economies such as China, India, and Japan.

Consumer Drone Market Region

Segments

The global consumer drone market has been segmented on the basis of

Applications

  • Photogrammetry
  • Prosumer
  • Toy/Hobbyist

Products

  • Nano
  • Multi-rotor
  • Others

Regions

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

Key Players

Competitive Landscape

Key players competing in the global consumer drone market are Parrot; 3D Robotics; Walkera; WL Toys; Syms Toys; Hubsan; DJI Innovations; Yuneec Electric Aviation; JJRC; Cheerson; Eachine; Blade/Horizon Hobby; and SkyTech. To make drones more powerful and intelligent, these companies focus on developing solutions that incorporate context, advanced positioning systems, and artificial intelligence.

Consumer Drone Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Consumer Drone Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Consumer Drone Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Consumer Drone Market - Supply Chain
  4.5. Global Consumer Drone Market Forecast
     4.5.1. Consumer Drone Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Consumer Drone Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Consumer Drone Market Absolute $ Opportunity
5. Global Consumer Drone Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Consumer Drone Market Size and Volume Forecast by Applications
     5.3.1. Photogrammetry
     5.3.2. Prosumer
     5.3.3. Toy/Hobbyist
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Consumer Drone Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Consumer Drone Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Consumer Drone Demand Share Forecast, 2019-2026
7. North America Consumer Drone Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Consumer Drone Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Consumer Drone Market Size and Volume Forecast by Applications
     7.4.1. Photogrammetry
     7.4.2. Prosumer
     7.4.3. Toy/Hobbyist
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Consumer Drone Demand Share Forecast, 2019-2026
8. Latin America Consumer Drone Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Consumer Drone Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Consumer Drone Market Size and Volume Forecast by Applications
     8.4.1. Photogrammetry
     8.4.2. Prosumer
     8.4.3. Toy/Hobbyist
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Consumer Drone Demand Share Forecast, 2019-2026
9. Europe Consumer Drone Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Consumer Drone Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Consumer Drone Market Size and Volume Forecast by Applications
     9.4.1. Photogrammetry
     9.4.2. Prosumer
     9.4.3. Toy/Hobbyist
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Consumer Drone Demand Share Forecast, 2019-2026
10. Asia Pacific Consumer Drone Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Consumer Drone Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Consumer Drone Market Size and Volume Forecast by Applications
     10.4.1. Photogrammetry
     10.4.2. Prosumer
     10.4.3. Toy/Hobbyist
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Consumer Drone Demand Share Forecast, 2019-2026
11. Middle East & Africa Consumer Drone Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Consumer Drone Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Consumer Drone Market Size and Volume Forecast by Applications
     11.4.1. Photogrammetry
     11.4.2. Prosumer
     11.4.3. Toy/Hobbyist
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Consumer Drone Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Consumer Drone Market: Market Share Analysis
  12.2. Consumer Drone Distributors and Customers
  12.3. Consumer Drone Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Parrot
     12.4.2. 3D Robotics
     12.4.3. Walkera
     12.4.4. WL Toys
     12.4.5. Syms Toys
     12.4.6. Hubsan
     12.4.7. DJI Innovations
     12.4.8. Yuneec Electric Aviation
     12.4.9. JJRC
     12.4.10. Cheerson
     12.4.11. Eachine
     12.4.12. Blade/Horizon Hobby
     12.4.13. SkyTech

Methodology

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