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The consumer drones market is estimated to increase by USD 5,362.6 million and the size of the market is forecasted to grow at a CAGR of 14.76% between 2022 and 2027. The growth of the market depends on several factors, including the advancements in sensors and the emergence of low-cost devices, the growing number of acquisitions and partnerships, and the rise in the popularity of drone racing.
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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.
The growing number of acquisitions and partnerships are notably driving the market growth, although factors such as limitations associated with consumer camera devices 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 Driver
The growing number of acquisitions and partnerships are notably driving the market growth. Competition is intense among existing companies in the global market. Therefore, companies enter into strategic partnerships and acquisitions with market players such as software companies, technology companies, hardware companies, product designers, and platform companies. Strategic alliances and acquisitions help companies 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 the devices. 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 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 the devices.
The use of these devices 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 the devices for delivery will help in overcoming such limitations during the forecast period.
Major 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 unmanned aircraft vehicle system, and the high cost of consumer camera devices makes the purchase very expensive.
Although they are convenient to use, they have short battery life. The average lifespan of the battery is 10-15 minutes. Larger variants can fly up to 25 minutes and take around 3 hours to charge the batteries completely. The devices can be shot down, captured, and disabled by an intruder.Consumer camera devices 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 devices will hamper the focused market during the forecast period.
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.
Global Market Customer Landscape
Companies 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 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 companies, including
Qualitative and quantitative analysis of companies 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 companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
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 unmanned aircraft vehicle system are the most popular type of devices that are used by hobbyists and professionals. Aerial photography, video surveillance, and surveying are some of the applications of this segment.
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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 unmanned aircraft vehicle system. The user is provided with more control over positioning and framing to get a perfect aerial photo shot. Multirotor devices are the easiest to manufacture and the most economical to fly. However, these devices 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, the global market will grow during the forecast period.
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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 unmanned aircraft vehicle system around the globe. The drone market in the US majorly witnesses revenue contributions from military, defense, and commercial segments. However, the adoption 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 companies in the region are also launching the devices with advanced technologies which will drive the market during the forecast period.
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 is at the intersection of technology, innovation, and user experience, reflecting advancements in precision agriculture, filmmaking, and environmental monitoring. These drones, equipped with cutting-edge algorithms and sensors, offer real-time data acquisition and analysis. From aiding farmers in crop monitoring and irrigation to providing filmmakers with dynamic shots, consumer drones have diverse applications. The market has seen substantial growth, driven by the increasing popularity of online marketplaces and the demand for personalized, creative content creation. The COVID-19 pandemic has accelerated drone adoption in areas like search and rescue, illustrating their role in emergency management. With continuous technological convergence, consumer drones are evolving as versatile tools with a significant impact on industries ranging from real estate and tourism to environmental monitoring and storytelling.
The market is evolving rapidly, offering innovative solutions for various applications ranging from personal recreation to professional use. Drones have gained attention due to their potential to address challenges like malnutrition and occupational safety and health through efficient observation and obstacle avoidance capabilities. As part of the market economy, consumer drones offer personalized services while adhering to regulations and ensuring occupational safety. Porter's Five Forces Analysis plays a crucial role in understanding the competitive landscape and procurement strategies in the market. With advancements in technology, unmanned aircraft vehicle system now feature real-time computing, object recognition, and technical support, enhancing their usability and utility across diverse sectors.These drones leverage cutting-edge technologies like thermographic cameras and ultrasonic transducers to improve functionality and sustainability. Retailers recognize the synergy between drones and productivity, facilitating resource allocation for weather-resistant unmanned aircraft vehicle system that can withstand various conditions. As consumer drones continue to gain traction, their lightweight design and skillful maneuverability redefine the boundaries of aerial exploration, making them indispensable tools for a wide range of applications in today's dynamic market landscape.
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 companies, Market Positioning of companies, 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 and trends, market forecasting, 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 |
If our market research report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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