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Consumer Drone Market 2019 Global Industry Overview by Size, Trends & Growth Forecast To 2024
Consumer Drone Market
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The rotary blade drone is estimated to account for more than 85% revenue share in the year 2016. The growth of the consumer drone 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 consumer drone market.
Powered by the advent of sophisticated machine learning algorithms and growing integration of AI, consumer drone market size has been skyrocketing in the recent times. There has been a phenomenal spurt in the number of drone operators world over who buy high-grade and technologically superior drones with an aim to utilize them commercially. Apparently, the escalating demand for UAVs from diverse business sectors has compelled the prominent consumer drone industry participants to incorporate latest technologies such as geofencing and collision detection into these flying beauties.
Citing an instance of the same, one of the major consumer drone market players of France, Parrot has created a new division, named as Parrot Professional, to integrate its consumer and commercial grade drone technology. It would be prudent to mention that the firm deployed the said technology and has recently introduced new drones which can be utilized across agricultural and construction sectors.
Asia Pacific consumer drone market is estimated to grow with a CAGR of over 27% during the forecast period. The strong presence of China in the consumer drone industry is driving the market growth. The Chinese drone manufacturer, DJI, held the maximum share in the consumer drone industry. 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.
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North America is leading the market with a share of over 62% in the year 2016. The growth of the consumer drone 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.
Glimpse of Table of Content (ToC)
Chapter 5. Global Consumer Drone Market, By Product
5.1. Global consumer drone industry, by product, 2013 & 2024
5.2. Fixed wing drone
5.2.1. Market estimates and forecast, 2013 – 2024
5.2.2. Market estimates and forecast, by region, 2015 - 2024
5.3. Rotary blade drone
5.3.1. Market estimates and forecast, 2013 – 2024
5.3.2. Market estimates and forecast, by region, 2013 – 2024
5.4. Hybrid drone
5.4.1. Market estimates and forecast, 2013 – 2024
5.4.2. Market estimates and forecast, by region, 2013 - 2024
Chapter 6. Global Consumer Drone Industry, By Technology
6.1. Global consumer drone industry share by technology, 2013 & 2024
6.2. Remotely operated drone
6.2.1. Market estimates and forecast, 2013 – 2024
6.2.2. Market estimates and forecast, by region, 2013 - 2024
6.3. Semi-autonomous drone
6.3.1. Market estimates and forecast, 2013 – 2024
6.3.2. Market estimates and forecast, by region, 2013 - 2024
6.4. Autonomous drone
6.4.1. Market estimates and forecast, 2013 – 2024
6.4.2. Market estimates and forecast, by region, 2013 – 2024
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/consumer-drone-market
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Global Market Insights, Inc.
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