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Consumer Drones Market 2024 - By Size, Share, Trends And Growth Prospects 2033
Consumer Drones Market
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According to The Business Research Company's, The consumer drones market size has grown rapidly in recent years. It will grow from $5.72 billion in 2023 to $6.77 billion in 2024 at a compound annual growth rate (CAGR) of 18.2%. The growth in the historic period can be attributed to growing community, use cases diversification, remote sensing and surveillance, autonomous and ai features.
The consumer drones market size is expected to see strong growth in the next few years. It will grow to $9.25 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to e-commerce and delivery, environmental and agricultural applications, drone swarms, connectivity and data sharing. Major trends in the forecast period include improved battery technology, noise reduction, advanced camera technology, technological advancements.
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Market Drivers and Trends:
Growing demand in agriculture is expected to propel the growth of the consumer drone market in the future. Agriculture refers to the science, art, or practice of cultivating the soil, growing crops, and raising livestock. Consumer drones are helpful for agriculture by providing farmers with detailed information about their crops and livestock, allowing them to make better decisions and optimize their operations. For instance, according to the California Department of Food and Agriculture, a US-based government agency, in 2022, California's farms and ranches received $55.9 billion in cash receipts for their output. This represents an 8.8% increase in cash receipts compared to the previous year. California agricultural exports totaled $22.5 billion in 2021, an increase of 7% from 2020. Thus, the growing demand in agriculture is driving the consumer drone market.
Major companies operating in the consumer drone market are developing innovative products such as Mini 4 Pro to better serve the customers. Mini 4 Pro is a lightweight and easy-to-use drone that comes with the built-in DJI Fly app, eliminating the need for smartphone use during flight. For instance in September 2023, SZ DJI Technology Co. Ltd., a China-based technology company launched Mini 4 Pro, a mini-camera drone. The DJI Mini 4 Pro has unique features such as Large-Angle Tilt, True Vertical Shooting, Digital Zoom, DJI O4 FHD digital video transmission system, omnidirectional obstacle sensing, upgraded ActiveTrack 360°, improved camera sensor, and Intelligent Flight Battery, making it a versatile and powerful drone for adventure enthusiasts.
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Major Key Players of the Market:
3D Robotics Inc., Guangdong Cheerson Hobby Technology Co. Ltd., Parrot S.A., SZ DJI Technology Co. Ltd., Yuneec International Co. Ltd., EHang Holdings Limited, Airdog Ltd., GoPro Inc., Hobbico Inc., Shenzhen Hubsan Technology Co. Ltd., Horizon Hobby LLC, Guangdong Syma Model Aircraft Industrial Co. Ltd., Walkera Technology Co. Ltd., ZEROTECH Intelligence Technology Co. Ltd., Autel Robotics USA LLC, Syma Toys Industrial Co. Ltd., Blade Helis, Holy Stone Enterprise Co. Ltd., JJRC Toy Factory, Potensic Technology Co. Ltd., Ryze Tech (Shenzhen) Co. Ltd., Snaptain, Altair Aerial LLC, Contixo Inc., Force1 RC LLC, GoolRC, Ruko Smart Co. Ltd., ScharkSpark, SGOTA, SIMREX Corporation, Tello, UDI RC, Shantou City Chenghai District Wisha Electronic Toys Factory (Visuo)
Consumer Drones Market 2024 Key Insights:
• The consumer drones market size is expected to see strong growth in the next few years. It will grow to $9.25 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%.
• Rising Agricultural Demand Fueling Growth In The Consumer Drone Market
• Innovative Dji Mini 4 Pro Sets New Standards In Consumer Drone Technology
• North America was the largest region in consumer drones market in 2023
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