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Hobby Drone Trends and Forecast
The future of the global hobby drone market looks promising with opportunities in the original equipment manufacturer and OEM technology solution provider markets. The global hobby drone market is expected to grow with a CAGR of 7.6% from 2024 to 2030. The major drivers for this market are rising interest in aerial photography and videography, increasing adoption of drones for recreational activities & aerial sports, and growth in drone racing leagues and competitions.
• Lucintel forecasts that hardware is expected to witness the higher growth over the forecast period.
• Within this market, original equipment manufacturer is expected to witness the higher growth.
• APAC is expected to witness highest growth over the forecast period.
United States: Construction giants like Holcim US are investing in building materials with lower carbon footprints. They recently announced a new net-zero cement.
India: The Indian government aims to achieve $1 trillion in construction spending by 2024. This is driving demand for innovative materials like prefabricated elements. Local companies like JSW Cement are expanding production capacities to meet the growing demand for building materials.
China: Chinese steel companies are focusing on developing greener steel production processes to comply with stricter environmental regulations.
Germany: The German government is promoting sustainable construction practices. They offer subsidies for using recycled materials in construction projects.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Hobby Drone by Segment
The study includes a forecast for the global hobby drone by type, application, and region.
Hobby Drone Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Hardware
• Software
Hobby Drone Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Original Equipment Manufacturers
• OEM Technology Solution Providers
Hobby Drone Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Hobby 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 hobby drone companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the hobby drone companies profiled in this report include-
• DJ
• 3DR
• Trimble Navigation
• DroneDeploy
• AgEagle
• Agribotix
• AutoCopter
• Delair-Tech
• Eagle UAV Services
• HoneyComb
Recent Development in the Hobby Drone Market
DJI: Launched a new line of hobby drones with advanced features like obstacle avoidance and improved camera capabilities, catering to enthusiasts and hobbyists interested in aerial photography and videography.
Parrot: Introduced affordable hobby drones with enhanced stability and control features, targeting entry-level users and recreational drone pilots. This initiative aims to expand the hobby drone market by making drone technology more accessible to a wider audience.
Yuneec International: Developed high-performance hobby drones with extended flight times and advanced flight modes, focusing on providing an immersive aerial experience for enthusiasts and hobbyists engaged in aerial sports and activities.
Autel Robotics: Released innovative hobby drones with intelligent flight systems and customizable camera settings, aiming to meet the diverse needs of hobbyists interested in drone racing, aerial mapping, and other recreational applications.
EHang: Collaborated with regulatory authorities to promote safe drone flying practices among hobbyists, offering educational programs and resources to increase public awareness and ensure compliance with drone regulations.
Features of the Global Hobby Drone Market
Market Size Estimates: Hobby 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: Hobby drone market size by type, application, and region in terms of value ($B).
Regional Analysis: Hobby 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 hobby drone market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the hobby drone market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for hobby drone market?
Answer: The global hobby drone market is expected to grow with a CAGR of 7.6% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the hobby drone market?
Answer: The major drivers for this market are rising interest in aerial photography and videography, increasing adoption of drones for recreational activities & aerial sports, and growth in drone racing leagues and competitions.
Q3. What are the major segments for hobby drone market?
Answer: The future of the hobby drone market looks promising with opportunities in the original equipment manufacturer and OEM technology solution provider markets.
Q4. Who are the key hobby drone market companies?
Answer: Some of the key hobby drone companies are as follows:
• DJ
• 3DR
• Trimble Navigation
• DroneDeploy
• AgEagle
• Agribotix
• AutoCopter
• Delair-Tech
• Eagle UAV Services
• HoneyComb
Q5. Which hobby drone market segment will be the largest in future?
Answer: Lucintel forecasts that hardware is expected to witness the higher growth over the forecast period.
Q6. In hobby drone market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q7. 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 hobby drone market by type (hardware and software), application (original equipment manufacturers and OEM technology solution providers), 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?
For any questions related to Hobby Drone Market, Hobby Drone Market Size, Hobby Drone Market Growth, Hobby Drone Market Analysis, Hobby Drone Market Report, Hobby Drone Market Share, Hobby Drone Market Trends, Hobby Drone Market Forecast, Hobby Drone Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.