Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 5.12 Billion | USD 15.63 Billion | 13.2% | 2023 |
The global consumer drone market size was worth around USD 5.12 billion in 2023 and is predicted to grow to around USD 15.63 billion by 2032 with a compound annual growth rate (CAGR) of roughly 13.2% between 2024 and 2032.
The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Billion). The report covers a forecast and an analysis of the consumer drone market on a global and regional level.
The drone is an automatically driven aircraft with human intervention at the faraway source. It is quite complex innovation yet much more useful in every aspect of life.
A consumer drone can be regarded as a personal drone. Earlier the drones were limited only to the defense sector as a weapon against the enemy and for geographical mapping. But with growing technology and an increase in the adoption of drones for purposes other than defense has shifted the technology toward consumer drones.
The global consumer drone market is expected to grow exponentially over the forecasted years. There are several growth factors like the advancements in drone technology that has lowered the price and made it affordable for every sector.
There is a surge in the usage of drones for commercial and recreational purposes business. Business enterprises are incorporating the data that can be easily acquired by the drone to speed up their business activities like assignment deliveries.
Advancements in the flight technology lead to much controlled operations in automated vehicles. The advancement is opening doors to new opportunities and innovations like video technology and portable photography in drones including tiltrotors, multi-copter, & helicopters and hence, there is a significant growth in the demand for drones. There are improvements made for the administrative support of drones. It enhanced the reliability of the people on automated machines. An increase in investment for the development of drone technology across the globe is driving the global consumer drone market.
The global consumer drone market can be segmented into application, technology, product, and region.
By product, the market can be bifurcated into the hybrid drone, rotary blade drone, and fixed drones. Among these, the rotary blade drone holds the largest market share due to their capability of landing and taking off the flights vertically so that they can be operated in any kind of terrain. The rotary blade drones are much in demand due to the high payload capacity, long flight time, and ease in control of handling. There is a significant surge in the usage of rotary blade drones in film making, leisure, surveillance, and aerial photography.
By technology, the market can be bifurcated into the remotely operated drone, autonomous drone, and semi-automatic drone. The automated drone holds the largest market share and is forecasted to grow with a high CAGR in the coming years. They are mostly used for obtaining data in real-time from complex terrains like mountains, unmapped environments, and harsh climatic conditions. The integration of artificial intelligence algorithms and machine learning in drone technology has made the drone flights possible without a GPS.
By application, the market is bifurcated into the prosumer, hobbyist, and photogrammetry. The hobbyist segment holds the largest market share due to the surge in the demand for entertainment, photography, and videography for delightful user experiences.
Report Attributes | Report Details |
---|---|
Report Name | Consumer Drone Market |
Market Size in 2023 | USD 5.12 Billion |
Market Forecast in 2032 | USD 15.63 Billion |
Growth Rate | CAGR of 13.2% |
Number of Pages | 215 |
Key Companies Covered | Yuneec International, WLToys, Xiaomi Inc., Walkera Technology Co. Ltd., UDI RC, SYMA, SkyTech Drones, Shenzhen Hubsan Technology, Mota Group, Parrot SA, Meijiaxin Innovative Technology Ltd, JIANJIAN TECHNOLOGY Co. Ltd., Horizon Hobby, Hobbico Inc., Guangdong Cheerson Hobby Technology, Ehang Inc., Eachine, DJI, Delair Tech, Autel Robotics, and 3D Robotics |
Segments Covered | By application, By technology, By product and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Europe is dominating the global consumer drone market. Its advanced capabilities in unleashing innovative technology in maximizing the potential capacity of drones have boosted the regional market. The UK holds the largest market share in the region due to the surge in the use of the drone for recreational purposes like leisure and entertainment.
North America is forecasted to grow exponentially in the coming years. Asia Pacific is also expected to witness significant growth over the forecast period due to heavy investments in drone technology.
Some of the prominent leaders in the global consumer drone market are:
By Product
By Technology
By Application
Global Consumer Drone Market: Regional Segment Analysis
What Reports Provides
FrequentlyAsked Questions
Consumer drones are unmanned aerial vehicles (UAVs) designed for recreational and personal use. Equipped with cameras, GPS, and advanced flight controls, these drones are popular for activities such as aerial photography, videography, and racing.
According to study, the Consumer Drone Market size was worth around USD 5.12 billion in 2023 and is predicted to grow to around USD 15.63 billion by 2032.
The CAGR value of Consumer Drone Market is expected to be around 13.2% during 2024-2032.
North America has been leading the Consumer Drone Market and is anticipated to continue on the dominant position in the years to come.
The Consumer Drone Market is led by players like Yuneec International, WLToys, Xiaomi Inc., Walkera Technology Co. Ltd., UDI RC, SYMA, SkyTech Drones, Shenzhen Hubsan Technology, Mota Group, Parrot SA, Meijiaxin Innovative Technology Ltd, JIANJIAN TECHNOLOGY Co. Ltd., Horizon Hobby, Hobbico Inc., Guangdong Cheerson Hobby Technology, Ehang Inc., Eachine, DJI, Delair Tech, Autel Robotics, and 3D Robotics.
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