Press release
Demand for Consumer Drones to Increase as Consumer Electronics Industry Aim Capitalizing on Smart Technologies
The global consumer drones market is forecast to exhibit a strong CAGR of 16% between 2017 and 2021. Recent technological innovations witnessed in the consumer electronics industry has led to the advent of advanced sensors, resulting in availability of sophisticated sensors at a pocket-friendly price. This in turn has positively influenced the consumer drones’ production. MarketResearchReports.biz has announced adding a report studying growth potential of the global consumer drones market. The report is titled “Global Consumer Drones Market 2017-2021,” and is available for sale on the company website.
The report presents insights into the various growth drivers and restrains affecting the market’s trajectory between 2017 and 2021. It is therefore compiled to enable stakeholders gain a better perspective of the global consumer drones market. Using industry-leading analytical tools the report gauges the bargaining power of suppliers and buyers. Besides this, competitive trends prevailing in the market is studied in detail.
As a result of increased focus on improving speed, durability, maneuverability, and quality of videos and images, use of consumer drones has surged as well. Furthermore, the leading vendors in the consumer drones market are aiming at capitalizing on the availability of intelligent, connected, and mobile sensors to enhance their offering capacities. Consumer drones come integrated with inertial, GPS, ultrasound, and image-based range sensors. Furthermore, recent improvements in their functionalities have enabled equipping consumer drones with multispectral, hyperspectral, and thermal sensors. This in turn has paved way for further expansion of the consumer drones market in the coming years.
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Regionally, the global consumer drones market is segmented into APAC, EMEA, and the Americas. Among these regions, the Americas exhibited the strongest demand for consumer drones in 2016. The U.S. market in the same year emerged at the fore exhibiting considerably high adoption of consumer drones for photography. Furthermore, the nation has several sporting events such as racing leagues, which get covered live. The use of drones for bird-eye footage of these events has fuelled their sales in the U.S., thus boosting the consumer drones market in the Americas.
Based on application, the consumer drones market is bifurcated into hobbyist and gaming and aerial photography. Of these, the market witnessed highest traction for aerial photography. The recent advancements in the autonomous flying technology and software, the capabilities of consumer drones for use in aerial photography have increased. This in turn is expected to positively impact the global consumer drones market.
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The presence of several vendors has rendered the global consumer drones market highly competitive. To study the competitive trends and the vendor landscape the report profiles some of the leading companies in the market. Enterprises such as 3D Robotics, Yuneec, EHang, DJI, and Parrot are identified as key market vendors. Other companies profiled in the report are Guangdong Cheerson Hobby Technology, Airdog, Shenzhen Hubsan Technology, Horizon Hobby, Walkera, Hobbico, GoPro, Guangdong Syma Model Aircraft Industrial, and ZEROTECH.
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