Foldable Drone Trends and Forecast
The future of the global foldable drone market looks promising with opportunities in the photography & videography, sport & action, search & rescue, agriculture, and delivery & logistic markets. The global foldable drone market is expected to reach an estimated $7.3 billion by 2030 with a CAGR of 10.0% from 2024 to 2030. The major drivers for this market are continuous advancements in drone technology, particularly in materials engineering and folding mechanisms, consumer preferences shift towards more portable and versatile solutions, as well as, regulatory flexibility.
• Lucintel forecasts that quadcopter is expected to witness the highest growth over the forecast period.
• Within this market, photography & videography is expected to witness the highest growth.
• North America is expected to witness highest growth over the forecast period.
United States: DroneTech unveiled a new foldable model, targeting urban surveillance markets. Government announced tax incentives for drone R&D.
China: DJI launched a foldable drone series, aiming for global dominance. Government set ambitious targets for drone exports, encouraging innovation.
Japan: Sony announced plans for foldable drones for disaster response. Government allocated funds for drone technology research and development.
Germany: Autel Robotics revealed a foldable drone with advanced imaging capabilities, targeting industrial inspection sectors. Government announced subsidies for companies investing in drone technology for environmental monitoring.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Foldable Drone by Segment
The study includes a forecast for the global foldable drone by type, application, and region.
Foldable Drone Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Quadcopters
• Hexacopters
• Octocopters
Foldable Drone Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Photography & Videography
• Sports & Action
• Search& Rescue
• Agriculture
• Delivery & Logistics
• Others
Foldable Drone Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Foldable 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 foldable drone companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the foldable drone companies profiled in this report include-
• Holy Stone
• Ruko
• Autel
• Eachine
• Hubsan
• Mi
• Powervision
Recent Development in the Foldable Drone Market
DJI: DJI, a leading player in the drone industry, announced the launch of its latest foldable drone model, the DJI Mavic 3, boasting enhanced camera capabilities and longer flight time. This release marks a significant advancement in consumer drone technology, catering to both hobbyists and professional photographers alike.
Skydio: Skydio, renowned for its autonomous drone technology, unveiled the Skydio X2, a ruggedized foldable drone tailored for enterprise applications such as infrastructure inspection and public safety. The X2 integrates advanced AI and obstacle avoidance features, ensuring safe and efficient operations in complex environments.
Parrot: Parrot, a pioneer in consumer drones, introduced the Parrot Anafi FPV, a foldable drone optimized for immersive first-person view flying experiences. Equipped with a 4K HDR camera and FPV goggles, the Anafi FPV offers enthusiasts a thrilling aerial perspective with unparalleled clarity and responsiveness.
Autel Robotics: Autel Robotics entered the foldable drone market with the Autel EVO Lite+, offering professional-grade features at a competitive price point. With its compact design and 8K camera capabilities, the EVO Lite+ targets aerial cinematographers and content creators seeking high-quality imaging solutions.
PowerVision: PowerVision expanded its product portfolio with the PowerEgg X Explorer, a versatile foldable drone designed for outdoor exploration and adventure filming. Boasting waterproof capabilities and AI-powered tracking modes, the PowerEgg X empowers users to capture stunning footage in diverse weather conditions and terrains.
Features of the Global Foldable Drone Market
Market Size Estimates: Foldable 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: Foldable drone market size by type, application, and region in terms of value ($B).
Regional Analysis: Foldable 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 foldable drone market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the foldable drone market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the foldable drone market size?
Answer: The global foldable drone market is expected to reach an estimated $7.3 billion by 2030.
Q2. What is the growth forecast for foldable drone market?
Answer: The global foldable drone market is expected to grow with a CAGR of 10.0% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the foldable drone market?
Answer: The major drivers for this market are continuous advancements in drone technology, particularly in materials engineering and folding mechanisms, consumer preferences shift towards more portable and versatile solutions, as well as, regulatory flexibility.
Q4. What are the major segments for foldable drone market?
Answer: The future of the global foldable drone market looks promising with opportunities in the photography & videography, sport & action, search & rescue, agriculture, and delivery & logistic markets.
Q5. Who are the key foldable drone market companies?
Answer: Some of the key foldable drone companies are as follows:
• Holy Stone
• Ruko
• Autel
• Eachine
• Hubsan
• Mi
• Powervision
Q6. Which foldable drone market segment will be the largest in future?
Answer: Lucintel forecasts that quadcopter is expected to witness the highest growth over the forecast period.
Q7. In foldable 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 foldable drone market by type (quadcopters, hexacopters, and octocopters), application (photography & videography, sports & action, search& rescue, agriculture, delivery & logistics, and others), 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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