Worldwide Consumer Drone/Unmanned Aerial Vehicle (UAV) Market By Technology 2017-2024 | 3D Robotics, Autel Robotics, Delair Tech, DJI, Eachine, Ehang Inc, Guangdong Cheerson Hobby Technology, Hobbico Inc

Global Consumer Drone/Unmanned Aerial Vehicle (UAV) market report added by MarketstudyReport.com is one of the most comprehensive research studies on Consumer Drone/Unmanned Aerial Vehicle (UAV) offering 235 data tables, 31 figures, covering 21 companies and regional outlook for 17 countries on segments covered in this report.

Meticulously analyzed in terms of pivotal industry segments, Global Consumer Drone/Unmanned Aerial Vehicle (UAV) market report effectively covers the scope of this space in terms By Product, By Technology, By Application and the prominent contributors. Additionally, the report also outlines intricate details regarding the lucrative opportunities that industry contenders can expect in conjunction with the potential threats that have been envisioned for this business sphere in the forthcoming years.

The report extensively bifurcates the various contenders of Global Consumer Drone/Unmanned Aerial Vehicle (UAV) market. Prominent contributors such as 3D Robotics, Autel Robotics, Delair Tech, DJI, Eachine, Ehang Inc, Guangdong Cheerson Hobby Technology, Hobbico In, Horizon Hobby, JIANJIAN TECHNOLOGY CO., LTD., Meijiaxin Innovative Technology Ltd, Mota Group, Parrot SA, Shenzhen Hubsan Technology, SkyTech Drones, SYMA have been scrutinized in terms of their financials, strengths, weaknesses, potential threats in the market, and future opportunities.

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North America is leading the market with a share of over 62% in the year 2016. The growth of the market is attributed to the supportive administrative efforts by the government authorities for the recreational use of the drones. The high disposable income of the population in the region also aids in the market growth. Moreover, increasing investments in the drone technology along with the supportive administrative support will foster the market growth.

Asia Pacific is estimated to grow with a CAGR of over 27% during the forecast period. The strong presence of China in the consumer drone market is driving the market growth. The Chinese drone manufacturer, DJI, held the maximum share in the consumer drone market. Yuneec International and Walkera Technologies also contribute significantly toward the market growth. Furthermore, the increasing awareness and adoption of the drone in the other Asian countries including India and Australia are also estimated to drive the market growth.

Hobbyist/Toys market is estimated to grow with the growth rate of 25.4% during the forecast period. The increasing adoption of drones for aerial photography and gaming purposes is estimated to be the primary factor driving the growth of the market. Moreover, the advancements in the drone technology and the decline in the price of the drone also drive the adoption of the drones among the population across the countries.

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Previously, UAVs were known as a sophisticated military technology and used only for combat operations. However, technological advancements in the technology have developed several new consumer and commercial applications. The technological advancements and the decline in the price of the components have also attracted the several industry verticals, such as gaming sector, to adopt UAVs for augmented reality games and racing purposes.

The rotary blade drone is estimated to account for more than 85% revenue share in the year 2016. The growth of the market is attributed to the robustness and high durability of the rotary blade drones as compared to other variants. The increasing adoption of the rotary blade drones for the photography and racing applications is also estimated to have a significant impact on the growth of the market.

Hobbyist/Toys market is estimated to grow with the growth rate of 25.4% during the forecast period. The increasing adoption of drones for aerial photography and gaming purposes is estimated to be the primary factor driving the growth of the market. Moreover, the advancements in the drone technology and the decline in the price of the drone also drive the adoption of the drones among the population across the countries.

Table of Content:
Chapter 1. Methodology & Scope
Chapter 2. Executive Summar
Chapter 3. Consumer Drone Industry Insights
Chapter 4. Competitive Landscape
Chapter 5. Global Consumer Drone Market, By Product
Chapter 6. Global Consumer Drone Market, By Technology
Chapter 7. Global Consumer Drone Market, By Application
Chapter 8. Global Consumer Drone Market, By Region
Chapter 9. Company Profiles

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