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3D Robotics, Cheerson Hobby, DJI, Hobbico, Horizon Hobby, Jianjian Technology, Parrot, Meijiaxin Innovative Technology, Shenzhen Hubsan Technology, SkyTech, SYMA, UDI RC, Walkera Technologies, Yuneec Profiled in Commercial Drone/UAV Market Report 2018 by

10-15-2018 12:06 PM CET | IT, New Media & Software

Press release from: Global Market Insights, Inc.

Consumer Drone/Unmanned Aerial Vehicle (UAV) Market

Consumer Drone/Unmanned Aerial Vehicle (UAV) Market

According to Global Market Insights, Consumer Drones/Unmanned Aerial Vehicle (UAV) Market size is anticipated to cross USD 9 billion by 2024 with a CAGR of above 18% during the forecast period. The consumer UAVs are aircraft without human pilot aboard. These are well-known and are widely used as prototypes or toys for children and are designed & developed for entertainment purposes for consumers to utilize it at beaches & parks.

The consumer drone market is driven by the increasing awareness and understanding of the drone technology. This has enabled the government to take a proactive measure to ensure safety, reliability, and convenience for recreational purposes. The relaxation by the government authorities on the use of drones for recreational and non-recreational purposes is also augmenting the market growth. Furthermore, increasing investment initiatives and supportive government policies will also foster the market growth.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/1590

The rotary blade drone dominates the market due to its high durability, reliability, and robustness and its rising use in photography and gaming applications. The rotary blade offers a good control over framing and positioning as compared to the other two and is widely utilized in aerial photography. The hybrid drone market is expected to grow faster due to its increasing use for photogrammetry applications. It has the features of a rotary blade as well as fixed-wing UAV. It offers several advantages over rotary and fixed-wing drones, such as higher payloads, durability, long endurance, and flexible flights, that make it a demanding product for prosumers.

The Hobbyist/Toy market is estimated to gain a substantial growth during the forecast period owing to the technological advancements in the UAV. The population of the countries is widely adopting the looming trend of drones for aerial photography. The advent of high-definition cameras and gimble systems in the drones fuel the demand for the UAVs for photography purposes. Furthermore, advancements in the drone technology have also attracted the attention of gaming enthusiasts. The population is increasingly adopting drones for playing Augmented Reality (AR) games, to get a real-life experience of gaming.

North America holds the majority of the global UAV market due to the growing adoption of drones for discovering and innovatively capturing the events through videos and aerial photography. The relaxation in regulations Federal Aviation Administration (FAA), U.S. on the use of the drone for entertainment and non-entertainment applications is forecast to have a great impact on the market. In addition, a high disposable income of the population and presence of big market players, such as 3D Robotics, UDI RC, and Horizon Hobby, are delivering the market with innovative products.

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Asia Pacific consumer drone market is set to witness an extensive growth during the forecast period in the light of the growing investments in the drone technology in China and other developing economies such as India. The growth of the region is attributed to the rapid increase in the awareness among the population about drones and governments’ relaxation toward the regulations for recreational purposes. Furthermore, the presence of market leaders in the consumer drone space, such as DJI, Yuneec, and Walkera, will also augment the market growth.

The UAV industry is very competitive due to the presence of both major players and small organizations. The drone market is highly competitive in terms of features, pricing, functionality, and product. Some of the major consumer drone market vendors are Horizon Hobby, DJI, 3D Robotics, Parrot, Cheerson Hobby, Mota Group, Hobbico, Shenzhen Hubsan Technology, Jianjian Technology, UDI RC, Meijiaxin Innovative Technology, Walkera Technologies, SkyTech, SYMA, and Yuneec.

Some of the common strategies followed by most market players are collaborations and product launches to increase the market share and geographic spread. In addition, DJI, the Chinese vendor, launched a product in the year 2017, Spark, a mini camera drone easily controlled by hand gestures.

Browse key industry insights spread across 350 pages with 210 market data tables & 30 figures & charts from the report, “Consumer Drone/Unmanned Aerial Vehicle (UAV) Market Size By Product (Fixed Wing, Rotary Blade, Hybrid), By Technology (Remotely Operated, Semi-Autonomous, Autonomous), By Application (Prosumer, Hobbyist/Toys, Photogrammetry), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, Australia, China, India, Japan, South Korea, Brazil, Mexico, GCC, Israel, South Africa), Growth Potential, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/consumer-drone-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com

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