Consumer Drone Trends and Forecast
The future of the global consumer drone market looks promising with opportunities in the prosumer, toy/hobbyist, and photogrammetry markets. The global consumer drone market is expected to reach an estimated $8.9 billion by 2030 with a CAGR of 12.8% from 2024 to 2030. The major drivers for this market are advancements in drone technology and features, growing interest in aerial photography and videography, and expansion of applications in agriculture, surveillance, and recreational activities.
• Lucintel forecasts that multi-rotor drone is expected to witness the highest growth over the forecast period.
• Within this market, prosumer is expected to witness the highest growth.
• North America is expected to witness highest growth over the forecast period.
United States: DJI announced plans for enhanced AI capabilities in its drones, aiming to improve obstacle avoidance. The government proposed stricter regulations for drone registration to enhance safety.
China: DJI unveiled its latest drone model with advanced camera features, targeting professional videographers. Government initiatives aim to streamline drone flight approvals for commercial use.
Germany: Autel Robotics launched a new line of consumer drones with longer battery life and improved stability. The government announced incentives for companies developing drone technologies to boost the industry.
Japan: Skydio partnered with local retailers to expand its distribution network for consumer drones. Government-backed research projects focus on integrating drones into public safety initiatives, such as disaster response and surveillance.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Consumer Drone by Segment
The study includes a forecast for the global consumer drone by type, application, and region.
Consumer Drone Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Multi-Rotor Drones
• Nano Drones
• Fixed-Wing Drones
• Hybrid Drones
Consumer Drone Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Prosumer
• Toy/Hobbyist
• Photogrammetry
Consumer Drone Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Consumer Drone Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies consumer drone companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the consumer drone companies profiled in this report include-
• Parrot
• 3D Robotics
• Skytech
• Walkera
• WL Toys
• Syms Toys
• Hubsan
Recent Development in the Consumer Drone Market
DJI: Launch of Mavic 3 Drone Series - DJI, the industry giant, unveiled its latest flagship drone series, the Mavic 3. Featuring advanced obstacle avoidance, improved camera capabilities, and extended flight time, the Mavic 3 aims to set new standards in the consumer drone market.
Skydio: Expansion into Enterprise Solutions - Skydio, known for its autonomous drone technology, announced its foray into enterprise solutions. With a focus on industries like construction, infrastructure inspection, and public safety, Skydio aims to leverage its cutting-edge AI-powered drones to revolutionize various sectors.
Parrot: Partnership with FLIR Systems - Parrot, a leading European drone manufacturer, partnered with FLIR Systems to integrate thermal imaging technology into its consumer drone lineup. This collaboration aims to enhance the utility of Parrot drones for applications like search and rescue, wildlife monitoring, and infrastructure inspection.
Autel Robotics: Release of EVO Lite+ - Autel Robotics introduced the EVO Lite+, a compact and affordable consumer drone packed with features like 4K video recording, intelligent flight modes, and extended battery life. The EVO Lite+ targets entry-level drone enthusiasts seeking high-quality aerial photography and videography.
PowerVision: Launch of PowerEgg X - PowerVision launched the PowerEgg X, a versatile consumer drone that can transform into a handheld camera or underwater drone. With features like AI tracking, waterproofing, and 4K recording capabilities, the PowerEgg X offers flexibility for various shooting scenarios, appealing to adventurers and content creators alike.
Features of the Global Consumer Drone Market
Market Size Estimates: Consumer drone market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Consumer drone market size by type, application, and region in terms of value ($B).
Regional Analysis: Consumer drone market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the consumer drone market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the consumer drone market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the consumer drone market size?
Answer: The global consumer drone market is expected to reach an estimated $8.9 billion by 2030.
Q2. What is the growth forecast for consumer drone market?
Answer: The global consumer drone market is expected to grow with a CAGR of 12.8% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the consumer drone market?
Answer: The major drivers for this market are advancements in drone technology and features, growing interest in aerial photography and videography, and expansion of applications in agriculture, surveillance, and recreational activities.
Q4. What are the major segments for consumer drone market?
Answer: The future of the global consumer drone market looks promising with opportunities in the prosumer, toy/hobbyist, and photogrammetry markets.
Q5. Who are the key consumer drone market companies?
Answer: Some of the key consumer drone companies are as follows:
• Parrot
• 3D Robotics
• Skytech
• Walkera
• WL Toys
• Syms Toys
• Hubsan
Q6. Which consumer drone market segment will be the largest in future?
Answer: Lucintel forecasts that multi-rotor drone is expected to witness the highest growth over the forecast period.
Q7. In consumer drone market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the consumer drone market by type (multi-rotor drones, nano drones, fixed-wing drones, and hybrid drones), application (prosumer, toy/hobbyist, and photogrammetry), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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