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Consumer Drone Market Share

Report ID: GMI1590
Published Date: Mar 2018
Report Format: PDF

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Consumer Drone Market Share

The market comprises various established drone manufacturers including :

DJI, Yuneec, 3DR, Parrot, and GoPro and emerging startups that focus on product innovations to sustain in the market. Some drone manufacturers are developing innovative drones in collaboration with other players. In November 2017, DJI partnered with Kittyhawk and received a suite of advanced features for the DJI hardware such as real-time drone telemetry with audio & video streams.

The major players of the consumer drone market are:

DJI
Horizon Hobby
SYMA
Meijiaxin Innovative Technology
Shenzhen Hubsan Technology
SkyTech
3D Robotics
Parrot
Yuneec
UDI RC
Hobbico, Inc
Jianjian Technology
Walkera Technologies
Mota Group

Authors: Preeti Wadhwani, Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of consumer drone surpassed USD 1.5 billion in 2016.

The industry share of consumer drone is anticipated to grow at 18% CAGR between 2017 to 2024.

Rotary blade drones offer vertical take-off and landing ability, along with heavy payload capacity and longer flight time. They are also easier to control as compared to fixed-wing or hybrid drones.

A growing number of people ready to spend on drones for videography and other recreational activities in tandem with emerging regulatory guidelines and support for UAV use will drive consumer drone adoption among hobbyists.

The incorporation of artificial intelligence (AI) and machine learning abilities has facilitated autonomous drones which can be used to gather real-time environmental and location data, with minimum control even when GPS is not active.

European countries are proactive in adopting advanced technologies and are easing regulations for public use of drones, enabling significant testing of consumer UAV’s for various applications.