Toy Drones Market - Recent Study Including Analysis of Top Companies like Aerix Drones, Weili Toys, TRNDlabs, Extreme Fliers, Skyrocket LLC, Syma, Jianjian Technology Co., AeroVironment and Others

Market Segmentation:

The global toy drones market is segmented in terms of application, sales channel, and type.

By type, the market includes quadcopters and others. As per the 2018 report, the quadcopters segment held the primal spot in the global market. The segment is further projected to garner the highest CAGR over the forecast period to continue leading the global toy drones market. The enhanced safety level, flexibility, and maneuverability offered by quadcopters make it highly safe and ideal for public use and for military personnel.

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By application, the market divides into drone racing and sports, recreational videography and photography, and others. The recreational videography and photography segment is expected to garner the highest growth rate during the coming years to continue leading the global charts.

By sales channel, the market comprises direct and distribution channel. The distribution channel segment was the market leader back in 2018 and is anticipated to grow during the forecast period with the highest CAGR to remain atop of the standings.

Regional Analysis:

The global toy drones market is geographically segmented into the following key regions: Europe, North America, Latin America, Asia Pacific, and the Middle East & Africa.

The North American region held the highest share of the market back in 2018. However, the Asia Pacific regional market is expected to register the highest CAGR over the forecast period. The presence of various key manufacturers of toy drones like Syma, DJI, and Horizon Hobby LLC in China is the biggest driver of growth in this region.

Market Scenario:

Drones have become one of the biggest and the fastest growing technological trends in the last few years. In the consumer drone industry, toy drones are experiencing massive popularity and are expected to garner massive growth in the coming years. The team at Market Research Future (MRFR) predicts the global toy drones market to exhibit a CAGR of 17.21% during the forecast period between 2019 and 2028.

The growth of the market can be attributed to a number of reasons. Most notably, the increasing availability of low-cost drones is one of the biggest drivers of the market. Due to the expensive pricing range of toy drones, they are used and purchased commonly by the affluent and upper middle-class population. Because of this, vendors in this market are coming-up with affordable and low-cost toy drones to enhance the accessibility, penetration, and to spread the use of toy drones across different income groups. Hence, the emergence of various low-cost toy drones is anticipated to boom the growth of the market during the forecast period.

Additionally, issues concerning the safe usage of drones is another prime factor driving the growth of the market. Flying drones in public vicinities, enclosed indoor environments, and by amateur kids and children can be increasingly threatful as these drones can cause severe injuries in case of accidents and technical failure. Toy drones, as the name might suggest, are much safer and can be used by individuals of any age without much threat. This reason alone is expected to significantly push the growth of the toy drones market in the coming years. However, stringent government policies and regulations in regard to the use of drones might hamper the growth of the global market.

Competitive Landscape:

The global toy drones market includes a host of key players, including Udirc Technology Co., Ltd (China), DJI (China), Syma (China), Jianjian Technology Co., Ltd (China), Aerix Drones (US), TRNDlabs (China), AeroVironment, Inc. (US), Horizon Hobby LLC (US), Parrot Drones SAS (France), Skyrocket LLC (US), Guangdong Cheerson Hobby Technology Co., Ltd (China), Drona Aviation Pvt. Ltd (India), Weili Toys (China), Shenzhen Hubsan Technology Company Limited (China), Extreme Fliers (UK), and XK Industrial Co., Ltd (China).

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This release was published on openPR.