Key Market Overview:
Consumer Drone market size is expected to reach USD 11.3 Billion by 2030 from the value of USD 3.5 Billion in 2022, register a CAGR of 13.9% during the forecast period (2023-2030)
Consumer drone is an unmanned aerial vehicle (UAV) designed and used for recreational activities, including aerial photography, videography and in sports such as drone racing. Consumer drones can be operated remotely or autonomously depending upon its mode of operation. Moreover, fully autonomous drones use pre-programmed flight paths and other advanced features to navigate autonomously. Consumer drones are equipped with high resolution cameras capable of capturing high-definition images and videos. Additionally, modern drones also provide enhanced stability therefore are extensively preferred by media creators to collect and capture aerial imageries. For instance, DJI offers a range of consume drones by the name Mavic 3 capable of capturing high quality aerial videos. Moreover, the drone can capture up to 1 billion colors with a 10-bit D-Log color profile.
Market Dynamics:
Drivers:
The demand for drones from social content creator is one of the major drivers for the growth of consumer drone market. A growing number of content creators are buying drones to capture aerial videos and images to enhance content quality. Additionally with rising popularity of social media larger number of users are buying drones to upload better videos and images while travelling and exploring. Therefore, application of drones into aerial photography and videography is the main diver for consumer drones.
Restraints:
Strict regulations linked to the use of Consumer drones in various countries including U.S. and European nations is a major restraint hindering large scale adoption of drones. For instance, the Federal Aviation Agency (FAA) in the U.S. has placed numerous restrictions on the use of drones in residential areas without prior authorization from the FAA. This poses a significant problem for individuals involved in filmography and photography activities. Furthermore, drones are not permitted to fly in certain airspaces, such as near airports or military bases. Violating these regulations results into severe fines and penalties. Therefore, the strict regulations governing the use of consumer drones act as major restraint hampering the growth of this market.
Opportunity:
Rising popularity of First Person View (FPV) drone racing is one of the most lucrative opportunity for consumer drone market in forthcoming years. First Person View (FPV) drone racing is a sport where pilots use small drones equipped with cameras to race through obstacle courses. Pilots wear special goggles that display a live video stream from the camera mounted on the drone. In recent years this sport has gained considerable popularity. Various competitions are also being organized for instance, Fédération aéronautique internationale (The World Air Sports Federation) organizes world drone racing championship. In year 2022 a total of 171 participants competed in 8 different contents. Therefore, with rising popularity of drone sports the demand for consumer drone is also expected to rise.
Consumer Drone Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2017-2030 |
| Market Size in 2030 (USD Billion) | USD 11.3 Billion |
| CAGR (2023-2030) | 13.9% |
| By Product Type | Multi-Rotor Drones, Fixed-Wing Drones, Single-Rotor Drones, and Fixed-Wing Hybrid VTOL |
| By Mode of operation | Autonomous, Semi-Autonomous, and Remotely Operated Drones |
| By Application | Toy/Hobbyist, Photography, Videography, Sports, and Others |
| By Geography | North America, Europe, Asia Pacific,
Latin America, Middle East and Africa |
| Key Players | DJI, Garuda aerospace, Skydio,Inc., AgEagle Aerial Systems, PrecisionHawk, Yamaha Motor, Sentera, Aerovironment, Trimble, Hexo+, and Aeryon Labs |
Market Segmentation:
By Product Type: –
By product type the consumer drone market is divided into multi-rotor drones, fixed-wing drones, single-rotor drones, and fixed-wing hybrid VTOL. The multi-rotor drones captured largest market share in the year 2022. Multi- rotor drones are suitable of aerial photography as they provide better control of the aircraft during the flight. Additionally Due to its enhanced maneuverability capabilities, multi-rotor drones can move up and down on the same vertical line, back to front, side to side and rotate in its own axis. These drones also provide better stability therefore preferred for videography and photography.
Furthermore, the fixed-wing hybrid VTOL is expected to showcase substantial market growth CAGR over the forecasted period. Fixed-wing hybrid VTOL drones carry capabilities and benefits of both multi rotor and fixed wing drones. Therefore, these drones offer enhanced stability and speed. Presently a limited number of Fixed-wing hybrid VTOL drones are commercial manufactured as the technology is at nascent stage.
By Mode of operation:–
On the basis of operations, the consumer drone market is divided into autonomous semi-autonomous, and remotely operated drones. Remotely operated drones accounted for largest market share in the year 2022. Remotely operated drones are controlled by an operator stationed on ground. These drone use Wi-Fi and radio signals to control the actions of drones. Remotely operated drones offer better safety and control as it is controlled by human. Additionally, the remotely operated drones are less expensive and simple to use therefore are widely preferred by consumers.
Furthermore, the fully autonomous drones do not require any kind of human assistance for their actions. The full autonomous Consumer Drone type is expected to showcase fastest growth CAGR over the forecasted period. Fully autonomous drones offer superior range in comparison to remotely operated drones. For instance, Percept’s Sparrow I is a fully autonomous drone that operates without the need for ground or air operators.
By Applications:-
According to applications the consumer drone market is divided into toy/hobbyist, photography, videography, sports, and others. The videography segment accounted for largest market share in the year 2022. Modern Consumer Drones are equipped with powerful cameras capable of shooting high resolution videos and photos. For instance, DJI offers a drone series called DJI Avata. These drones are equipped with CMOS sensor (Complementary Metal Oxide Semiconductor) sensor, DJI Avata supports 4K ultra-wide angle recording with an f/2.8 aperture.
Furthermore, the demand for consumer drones for sports is expected to showcase considerable market growth over the forecasted period. First Person View (FPV) drone racing is gaining popularity is recent years. Additionally drone simulators are also gaining popularity. Therefore, the drone sports segment is projected to showcase considerable market growth.
By Region
The regional segment is divided into Asia-pacific, Europe, North America, South America, and Middle East & Africa. The North America region accounted for largest market share in the year 2022. Large scale adoption of Consumer Drones for filmography and photography were the main factors driving the demand for Consumer Drones in North America region.
Furthermore, Asia pacific region is estimated to showcase fastest growth CAGR over the forecasted period. Various companies in countries including India, China are developing cost effective consumer drones for filmography and videography applications. For instance, Garuda (drone manufacturer based in India) offers various drones such as GARUDA 1080 toy drone at an affordable price range generally between USD 90 – 100.
Consumer Drone Market Competitive Landscape:
The report on consumer drone market presents a comprehensive analysis of macroeconomic factors such as market dynamics, SWOT analysis, segmental analysis and others. In terms of market players, the data is related to business collaborations, mergers and acquisitions, product innovations, and strategies adopted by competitors. These factors are studied to offer an insightful understanding of current market circumstances. Following are the major market players that comprise the latest market concentration–
AgEagle Aerial Systems
PrecisionHawk
Yamaha Motor
Sentera
Aerovironment
Trimble
Hexo+
Aeryon Labs
Recent development:
- In 2022 Garuda Aerospace launched new consumer drone range by the name Droni.
- July 2022 American robotics announced acquisition of Airobotics (drone manufacturer)
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