Consumer Drone Market Global Research and Analysis 2024

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Outlook of Consumer Drone Market Report during
2017-2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
Low Power Wide Area Network
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Regional Analysis of Consumer Drone Market

• Asia Pacific consumer drone market is anticipated
  to witness substantial growth, owing to
  investment initiatives in China drone companies
  by U.S. investors.
• Additionally, strategies to build UAV production
  base in China to tap into developing industry is
  expected to surge industry growth.

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Application Analysis of Consumer Drone Market

• Consumer drone market is segmented as
  toy/hobbyist, prosumer, and photogrammetry.
  Prosumer is expected to dominate the applications
  segment during period under study.
• Demand for drones in photogrammetry application
  segment is projected to increase significantly.
  Small low elevation drones offer advantage over
  aerial technology for photogrammetry.
• The consumer drone market is expected to gain
  momentum in hobby applications, particularly
  sports. DR1 Racing and Mountain Dew organized
  drone race in August 2016. The event used 12 of
  the world's top drone-racing pilots.

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Competitive Market Share of Consumer Drone
Market

• Some of the key consumer drone market players
  include Parrot, Yuneec Electric Aviation, DJI
  Innovations, 3D Robotics, Cheerson, Walkera,
  SkyTech, Boeing / Insitu, Hubsan, Northrop
  Grumman AeroVironment, Syms Toys, WL Toys, and
  Blade/Horizon Hobby.
• These players focus on new product development to
  integrate with technologies such as artificial
  intelligence and advanced positioning systems to
  make drones more powerful. For instance,
  renovation of consumer UAVs into flying smart
  devices platforms. These developments in the
  market are expected to increase product value,
  retain consumers' interest longer, and expand
  product lifespan.

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