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Consumer Drones Market by Product, Distribution Channel, and Geography - Forecast and Analysis 2023-2027

  • Published: Dec 2022
  • Pages: 161
  • SKU: IRTNTR72731
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The consumer drones market is estimated to grow at a CAGR of 14.76% and the size of the market is forecasted to increase by USD 5,362.6 million between 2022 and 2027. The growth of the market depends on serval factors, including the advancements in sensors and the emergence of low-cost drones, the growing number of acquisitions and partnerships, and the rise in the popularity of drone racing. 

This report extensively covers market segmentation by product (multirotor, fixed wing, and single rotor), distribution channel (offline and online), and geography (North America, APAC, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the size of the Consumer Drones Market During the Forecast Period?

Consumer Drones Market Size

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In 2017, in terms of market size, North America dominated the market with a share of USD 1,413.64 million. Additionally, US was the largest contributor of market share USD 1,194.04 million. The market segment multirotor recorded the largest contribution in market share of USD 2,518.41 million and continues to grow.

Parent Market Analysis

Technavio categorizes the global consumer drones market as a part of the global industrial machinery market. The parent market, the global industrial machinery market, covers companies engaged in manufacturing industrial machinery and components covering presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications.  Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

Consumer Drones Market: Key Drivers, Trends, Challenges, and Customer Landscape

The growing number of acquisitions and partnerships are notably driving the market growth, although factors such as limitations associated with consumer camera drones may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Consumer Drones Market Driver

The growing number of acquisitions and partnerships are notably driving the market growth. Competition is intense among existing vendors in the global market. Therefore, vendors enter into strategic partnerships and acquisitions with market players such as software vendors, technology vendors, hardware vendors, product designers, and platform vendors. Strategic alliances and acquisitions help vendors develop improved products, expand geographic reach, and gain technical expertise. 

For example, in September 2020, Skydio Inc. and EagleView announced a unique property inspection partnership for automated residential roof inspections using drones. Such strategic partnerships and acquisitions between suppliers will have a positive impact on the growth of the global drone market during the forecast period.

Significant Consumer Drones Market Trend

The adoption of delivery drones is an emerging trend in the market. Delivery drones are designed to transport materials. A delivery drone will work with an anchor or basket-like feature on the bottom part. For instance, Amazon has been working on a drone-based delivery system for its packages. The goal of this system, which is called Amazon Prime Air, is to fly individual packages out to customers within 30 minutes of ordering. This system will also increase the overall safety and efficiency of the transportation system. Amazon Prime Air drones will be connected to the internet to allow flight control management and communication between drones.

The use of drones can effectively deliver goods in a shorter time than that road transport. An increase in traffic congestion has reduced the degree of vehicle maneuverability and poses several limitations to the delivery of goods by roads. The use of drones for delivery will help in overcoming such limitations during the forecast period. 

Major  Consumer Drones Market Challenge

Limitations associated with consumer camera drones are a major challenge impeding the market growth. Despite saving work and time, there are a few limitations of these products that are negatively affecting market growth. For example, an intruder has the ability to shoot down, capture, and disable the drones, and the high cost of consumer camera drones makes the purchase very expensive.

Although drones are convenient to use, they have short battery life. The average lifespan of the battery is 10-15 minutes. Larger drones can fly up to 25 minutes and take around 3 hours to charge the batteries completely.The drones can be shot down, captured, and disabled by an intruder.Consumer camera drones are expensive. Permits and logistics may be costly or time-consuming depending upon the guidelines that will be put forth by the FAA and the Federal Government. Thus, the limitations associated with consumer camera drones will hamper the focused market during the forecast period.

Key Consumer Drones Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Consumer Drones Market Share by Geography

Global Consumer Drones Market Customer Landscape

Who are the Major Consumer Drones Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Skytech Drone sp zoo - The company operates under one segment. Through this segment, the company offers autonomous functions of drone professional applications in industries. The company's key offerings include consumer drones for agriculture, security, and sports.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including

  • AeroVironment Inc.
  • Autel Robotics Co. Ltd.
  • EHang Holdings Ltd.
  • GoPro Inc.
  • Guangdong Aircraft Industrial Co. Ltd.
  • Guangzhou Walkera Technology Co. Ltd.
  • Horizon Hobby LLC
  • Jianjian Technology Co. Ltd.
  • Parrot Drones SAS
  • PrecisionHawk Inc.
  • Shenzhen Hubsan Technology Co. Ltd.
  • Shenzhen Zero UAV Tech. Co. Ltd.
  • Skydio Inc.
  • SZ DJI Technology Co. Ltd.
  • Teledyne Technologies Inc.

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Consumer Drones Market?

Based on product, the market is segmented into multirotor, fixed wing, and single rotor. The market share growth by the multirotor segment will be significant during the forecast period. Multirotor drones are the most popular type of drones that are used by hobbyists and professionals. Aerial photography, video surveillance, and surveying are some of the applications of this segment.

Consumer Drones Market Size

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The ideal option for sending small cameras in the air for a relatively short period of time is fulfilled by Multirotor drones. The user is provided with more control over positioning and framing to get a perfect aerial photo shot. Multirotor drones are the easiest to manufacture and the most economical to fly. However, these drones have limited flying time, less endurance, and less speed. They are not suited for long-distance surveying applications, mapping, or inspection. Due to rising demand in consumer and civic applications, the multi-rotor drone market segment has been growing rapidly in recent years. One of the main reasons for its increased acceptance is technological advancements. Thus, with the increasing demand for multi-rotor consumer drones, the global consumer drones market will grow during the forecast period.

Which are the Key Regions for the Consumer Drones Market?

Consumer Drones Market Share by Geography

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North America is estimated to account for 36% of the global market share growth during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

North America is the largest operator of drones around the globe. The drone market in the US majorly witnesses revenue contributions from military, defense, and commercial segments. However, the adoption of consumer drones in aerial photography has witnessed growth over the years. In North America, the US, Canada, and Mexico are the key leading countries for the market. Many vendors in the region are also launching drones with advanced technologies which will drive the market during the forecast period. 

The outbreak of COVID-19 in 2020 adversely affected the economies of North American countries, which hindered the growth of the market. However, in 2021, the lockdowns were lifted due to the initiation of large-scale COVID-19 vaccination which resulted in the resumption of production activities and the restoration of the supply chain for consumer drones. As the US is the largest market for consumer drones, due to improvements in technology and the availability of new cost-effective solutions, the market witnessed growth in 2021. Such factors will help the market grow during the forecast period. 

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by Product (Multirotor, Fixed wing, and Single rotor), Distribution Channel (Offline and Online), and Geography (North America, APAC, Europe, South America, and Middle East and Africa).

  • Product Outlook (USD Million, 2017 - 2027)
    • Multirotor
    • Fixed wing
    • Single rotor
  • Distribution Channel Outlook (USD Million, 2017 - 2027)
    • Offline
    • Online
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Chile
      • Brazil
      • Argentina

Consumer Drones Market Scope

Report Coverage

Details

Page number

161

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 14.76%

Market growth 2023-2027

USD 5,362.6 million

Market structure

Concentrated

YoY growth 2022-2023 (%)

13.89

Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

North America at 36%

Key countries

US, China, France, UK, and Switzerland

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

AeroVironment Inc., Autel Robotics Co. Ltd., Eachine, EHang Holdings Ltd., GoPro Inc., Guangdong Aircraft Industrial Co. Ltd., Guangzhou Walkera Technology Co. Ltd., Horizon Hobby LLC, Jianjian Technology Co. Ltd., Parrot Drones SAS, PrecisionHawk Inc., Shenzhen Hubsan Technology Co. Ltd., Shenzhen Zero UAV Tech. Co. Ltd., Skydio Inc., Skytech Drone sp zoo, SZ DJI Technology Co. Ltd., Teledyne Technologies Inc., and Yuneec International Co. Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Consumer Drones Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the consumer drones market between 2023 and 2027
  • Precise estimation of the consumer drones market size and its contribution to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the industry across North America, APAC, Europe, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of consumer drones market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Distribution Channel
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global consumer drones market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global consumer drones market 2017 - 2021 ($ million)
    • 4.2 Product Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ million)
    • 4.3 Distribution Channel Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Distribution Channel Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Product

    • 6.1 Market segments
      • Exhibit 30: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Product - Market share 2022-2027 (%)
    • 6.2 Comparison by Product
      • Exhibit 32: Chart on Comparison by Product
      • Exhibit 33: Data Table on Comparison by Product
    • 6.3 Multirotor - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Multirotor - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Multirotor - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Multirotor - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Multirotor - Year-over-year growth 2022-2027 (%)
    • 6.4 Fixed wing - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Fixed wing - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Fixed wing - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Fixed wing - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Fixed wing - Year-over-year growth 2022-2027 (%)
    • 6.5 Single rotor - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Single rotor - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Single rotor - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Single rotor - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Single rotor - Year-over-year growth 2022-2027 (%)
    • 6.6 Market opportunity by Product
      • Exhibit 46: Market opportunity by Product ($ million)

    7 Market Segmentation by Distribution Channel

    • 7.1 Market segments
      • Exhibit 47: Chart on Distribution Channel - Market share 2022-2027 (%)
      • Exhibit 48: Data Table on Distribution Channel - Market share 2022-2027 (%)
    • 7.2 Comparison by Distribution Channel
      • Exhibit 49: Chart on Comparison by Distribution Channel
      • Exhibit 50: Data Table on Comparison by Distribution Channel
    • 7.3 Offline - Market size and forecast 2022-2027
      • Exhibit 51: Chart on Offline - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Data Table on Offline - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Chart on Offline - Year-over-year growth 2022-2027 (%)
      • Exhibit 54: Data Table on Offline - Year-over-year growth 2022-2027 (%)
    • 7.4 Online - Market size and forecast 2022-2027
      • Exhibit 55: Chart on Online - Market size and forecast 2022-2027 ($ million)
      • Exhibit 56: Data Table on Online - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Chart on Online - Year-over-year growth 2022-2027 (%)
      • Exhibit 58: Data Table on Online - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by Distribution Channel
      • Exhibit 59: Market opportunity by Distribution Channel ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 61: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 62: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 63: Chart on Geographic comparison
      • Exhibit 64: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2022-2027
      • Exhibit 65: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 66: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 67: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 68: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.4 APAC - Market size and forecast 2022-2027
      • Exhibit 69: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 70: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 71: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 72: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 73: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 74: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 75: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 77: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 78: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 79: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 81: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 82: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 83: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 85: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 86: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 87: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 China - Market size and forecast 2022-2027
      • Exhibit 89: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 90: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 91: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.10 France - Market size and forecast 2022-2027
      • Exhibit 93: Chart on France - Market size and forecast 2022-2027 ($ million)
      • Exhibit 94: Data Table on France - Market size and forecast 2022-2027 ($ million)
      • Exhibit 95: Chart on France - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on France - Year-over-year growth 2022-2027 (%)
    • 9.11 UK - Market size and forecast 2022-2027
      • Exhibit 97: Chart on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 98: Data Table on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 99: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.12 Switzerland - Market size and forecast 2022-2027
      • Exhibit 101: Chart on Switzerland - Market size and forecast 2022-2027 ($ million)
      • Exhibit 102: Data Table on Switzerland - Market size and forecast 2022-2027 ($ million)
      • Exhibit 103: Chart on Switzerland - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on Switzerland - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 105: Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 106: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 107: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 108: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 109: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 110: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 111: Matrix on vendor position and classification
            • 12.3 Autel Robotics Co. Ltd.
              • Exhibit 112: Autel Robotics Co. Ltd. - Overview
              • Exhibit 113: Autel Robotics Co. Ltd. - Product / Service
              • Exhibit 114: Autel Robotics Co. Ltd. - Key offerings
            • 12.4 Eachine
              • Exhibit 115: Eachine - Overview
              • Exhibit 116: Eachine - Product / Service
              • Exhibit 117: Eachine - Key offerings
            • 12.5 EHang Holdings Ltd.
              • Exhibit 118: EHang Holdings Ltd. - Overview
              • Exhibit 119: EHang Holdings Ltd. - Product / Service
              • Exhibit 120: EHang Holdings Ltd. - Key news
              • Exhibit 121: EHang Holdings Ltd. - Key offerings
            • 12.6 GoPro Inc.
              • Exhibit 122: GoPro Inc. - Overview
              • Exhibit 123: GoPro Inc. - Product / Service
              • Exhibit 124: GoPro Inc. - Key offerings
            • 12.7 Guangdong Aircraft Industrial Co. Ltd.
              • Exhibit 125: Guangdong Aircraft Industrial Co. Ltd. - Overview
              • Exhibit 126: Guangdong Aircraft Industrial Co. Ltd. - Product / Service
              • Exhibit 127: Guangdong Aircraft Industrial Co. Ltd. - Key offerings
            • 12.8 Guangzhou Walkera Technology Co. Ltd.
              • Exhibit 128: Guangzhou Walkera Technology Co. Ltd. - Overview
              • Exhibit 129: Guangzhou Walkera Technology Co. Ltd. - Product / Service
              • Exhibit 130: Guangzhou Walkera Technology Co. Ltd. - Key offerings
            • 12.9 Horizon Hobby LLC
              • Exhibit 131: Horizon Hobby LLC - Overview
              • Exhibit 132: Horizon Hobby LLC - Product / Service
              • Exhibit 133: Horizon Hobby LLC - Key offerings
            • 12.10 Jianjian Technology Co. Ltd.
              • Exhibit 134: Jianjian Technology Co. Ltd. - Overview
              • Exhibit 135: Jianjian Technology Co. Ltd. - Product / Service
              • Exhibit 136: Jianjian Technology Co. Ltd. - Key offerings
            • 12.11 Parrot Drones SAS
              • Exhibit 137: Parrot Drones SAS - Overview
              • Exhibit 138: Parrot Drones SAS - Product / Service
              • Exhibit 139: Parrot Drones SAS - Key offerings
            • 12.12 PrecisionHawk Inc.
              • Exhibit 140: PrecisionHawk Inc. - Overview
              • Exhibit 141: PrecisionHawk Inc. - Product / Service
              • Exhibit 142: PrecisionHawk Inc. - Key offerings
            • 12.13 Shenzhen Hubsan Technology Co. Ltd.
              • Exhibit 143: Shenzhen Hubsan Technology Co. Ltd. - Overview
              • Exhibit 144: Shenzhen Hubsan Technology Co. Ltd. - Product / Service
              • Exhibit 145: Shenzhen Hubsan Technology Co. Ltd. - Key offerings
            • 12.14 Skydio Inc.
              • Exhibit 146: Skydio Inc. - Overview
              • Exhibit 147: Skydio Inc. - Product / Service
              • Exhibit 148: Skydio Inc. - Key offerings
            • 12.15 Skytech Drone sp zoo
              • Exhibit 149: Skytech Drone sp zoo - Overview
              • Exhibit 150: Skytech Drone sp zoo - Product / Service
              • Exhibit 151: Skytech Drone sp zoo - Key offerings
            • 12.16 SZ DJI Technology Co. Ltd.
              • Exhibit 152: SZ DJI Technology Co. Ltd. - Overview
              • Exhibit 153: SZ DJI Technology Co. Ltd. - Product / Service
              • Exhibit 154: SZ DJI Technology Co. Ltd. - Key offerings
            • 12.17 Yuneec International Co. Ltd.
              • Exhibit 155: Yuneec International Co. Ltd. - Overview
              • Exhibit 156: Yuneec International Co. Ltd. - Product / Service
              • Exhibit 157: Yuneec International Co. Ltd. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 158: Inclusions checklist
                • Exhibit 159: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 160: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 161: Research methodology
                • Exhibit 162: Validation techniques employed for market sizing
                • Exhibit 163: Information sources
              • 13.5 List of abbreviations
                • Exhibit 164: List of abbreviations
              • in manufacturing industry: Market dynamics in some major processes and discrete industries are changing drastically, and manufacturers are gradually feeling the brunt of excessive demand fluctuations. The fluctuating prices of oil and gas and metals in the global market and the shortage of a skilled workforce worldwide have directly affected the profitability of manufacturing companies. A sudden and unexpected shift in market dynamics can drastically impact manufacturing processes and investments in capital goods.
                • slowdown in the automotive industry: High motorization rates in North America and Europe, the increase in tariffs on imported vehicles in the US and China, and the global economic slowdown are likely to reduce vehicle sales in the coming years. Anticipating a decline in vehicle sales, several vehicle manufacturers are halting their vehicle production. For instance, in March 2019, Ford announced the shutdown of its three vehicle-manufacturing sites in Russia. Similarly, in August 2019, Mahindra and Mahindra Ltd. stopped vehicle production at its manufacturing units in India for 8-14 days. During the same month, Maruti Suzuki announced that it had cut its vehicle production for the sixth consecutive month in 2019. In August 2019, Honda announced a halt in car production at its Argentina-based manufacturing plants. Such a slowdown in the automotive industry is expected to hamper the growth of the market during the forecast period.

                  Research Framework

                  Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                  TechnavioINFORMATION SOURCES

                  Primary sources

                  • Manufacturers and suppliers
                  • Channel partners
                  • Industry experts
                  • Strategic decision makers

                  Secondary sources

                  • Industry journals and periodicals
                  • Government data
                  • Financial reports of key industry players
                  • Historical data
                  • Press releases
                  Technavio

                  TechnavioDATA ANALYSIS

                  Data Synthesis

                  • Collation of data
                  • Estimation of key figures
                  • Analysis of derived insights

                  Data Validation

                  • Triangulation with data models
                  • Reference against proprietary databases
                  • Corroboration with industry experts
                  Technavio

                  TechnavioREPORT WRITING

                  Qualitative

                  • Market drivers
                  • Market challenges
                  • Market trends
                  • Five forces analysis

                  Quantitative

                  • Market size and forecast
                  • Market segmentation
                  • Geographical insights
                  • Competitive landscape
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                  Consumer Drones market growth will increase by $5362.6 million during 2023-2027.
                  The consumer drones market is expected to grow at a CAGR of 14.76% during 2023-2027.
                  Technavio has segmented the consumer drones market by product (Multirotor, Fixed wing, and Single rotor) ,distribution channel (Offline, Online, Europe, and Middle East and Africa) , and geography (North America, APAC, Europe, South America, and Middle East and Africa).
                  AeroVironment Inc., Autel Robotics Co. Ltd., Eachine, EHang Holdings Ltd., GoPro Inc., Guangdong Aircraft Industrial Co. Ltd., Guangzhou Walkera Technology Co. Ltd., Horizon Hobby LLC, Jianjian Technology Co. Ltd., Parrot Drones SAS, PrecisionHawk Inc., Shenzhen Hubsan Technology Co. Ltd., Shenzhen Zero UAV Tech. Co. Ltd., Skydio Inc., Skytech Drone sp zoo, SZ DJI Technology Co. Ltd., Teledyne Technologies Inc., Yuneec International Co. Ltd. are a few of the key vendors in the consumer drones market.
                  North America will register the highest growth rate of 35.82% among the other regions. Therefore, the consumer drones market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
                  • US
                  • China
                  • France
                  • UK
                  • Switzerland
                  The key factors driving the consumer drones market growth are:
                  • Advancements in sensors and the emergence of low-cost drones
                  • Availability of affordable consumer drones
                  The consumer drones market vendors should focus on grabbing business opportunities from the multirotor segment as it accounted for the largest market share in the base year.
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