Aerospace and Defense

Insights Into The Consumer Drones Market’s Growth Opportunities Through 2023-2032 – Includes Consumer Drones Market Analysis

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

 

The rising popularity of aerial photography are expected to drive innovation in consumer drones manufacturing, thus driving the market during the forecast period.

 

The global consumer drones market is expected to grow from $4.85 billion in 2022 to $5.72 billion in 2023 at a compound annual growth rate (CAGR) of 18.1%. The global consumer drones market size is expected to grow from $8.74 billion in 2027 at a CAGR of 11.2%.

 

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Global Consumer Drones Market Segments Include:

  • By Type: Fixed Wing Drone, Rotary Blade Drone, Hybrid Drone
  • By Technology: Remotely Operated Drone, Semi-Autonomous Drone, Autonomous Drone
  • By Application: Hobbyist & Gaming, Aerial Photography, Others
  • By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global consumer drones market in 2021.

 

Major Market Players in the consumer drones market include 3D Robotics, Cheerson, Parrot S.A, DJI, Yuneec, EHang, Airdog, GoPro, Guangdong Cheerson Hobby Technology.

 

Drone manufacturers are increasingly using artificial intelligence to enable the automation of consumer drones. Consumer drones that fly beyond the controller’s range and line-of-sight are being equipped with self-navigating technology through the integration of deep-learning algorithms and other machine learning methods. Drones are usually controlled using a wireless remote controller. However, with artificial intelligence, flight instructions can be programmed within the drone itself. Using variables such as target location, engine rotor speed, height, air-speed velocity, and other environmental factors, the drone can learn how to fly by itself and make self-corrections whenever necessary. For example, Skydio has created a drone called the R1, which uses machine learning to maneuver itself in mid-air and follow a person (target) wherever they go.

 

The Consumer Drones Global Market Report 2023  provides a consumer drones market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The consumer drones market forecast analyzes consumer drones market size, consumer drones market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

 

The consumer (recreational) drone refers to unmanned aerial vehicles used for purposes of entertainment and have simple-to-use controls targeted at general public use rather than for commercial purposes.

 

Explore Similar Reports From The Business Research Company:

Commercial Drones Global Market Report 2022

Delivery Drones Global Market Report 2022

Nano Drones Global Market Report 2022

 

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