Consumer Drone Market

Current Market Size and Market Share of the Consumer Drone Industry

The consumer drone market is expected to grow at a CAGR of +15.4% from 2021 to 2028, reaching a size of approximately ~USD 12.6 billion by 2028.

DJI, Autel Robotics, and Parrot are some of the key players in the consumer drone market. As per the market share, DJI held the highest market share of 69.2% in 2020, followed by Autel Robotics and Parrot.

Key Players in the Consumer Drone Market

• 3D Robotics, Inc. (Kitty Hawk)
• SZ DJI Technology Co., Ltd.
• Eachine
• Guangdong Cheerson Hobby Technology Co., Ltd.
• Guangdong Syma Model Aircraft Industrial Co., Ltd (Syma)
• Guangzhou Walkera Technology Co., Ltd. (Walker)
• Yuneec International Co., Ltd.
• SkyTech Drone Sp. z o. o
• Horizon Hobby, LLC
• Parrot Drone SAS
• Shantou Chenghai Weili Toys Industrial Co., Ltd. (WL Toys)
• JIANJIAN TECHNOLOGY CO., LTD.
• Hubsan

Market Segmentation

By Product

• Multi-rotor
• Nano

By Application

• Prosumer
• Hobbyist
• Photogrammetry

Major Trends and Drivers Affecting the Consumer Drone Market

The major trends and drivers that are affecting the consumer drone market include increasing adoption of drones in various applications such as aerial photography, surveillance, and agriculture. Additionally, the advancements in drone technology, such as the development of artificial intelligence and machine learning, are driving the market growth. In the future, the market is likely to see an increasing focus on the development of autonomous drones and the integration of 5G technology into drone operations.

Opportunities and Threats in the Consumer Drone Market

The opportunities in the consumer drone market include the rising demand for drones in various industries such as agriculture, construction, and media & entertainment. The threat in the market includes the increasing number of regulations for drone operations, which may limit the growth of the market. Furthermore, the presence of counterfeit products in the market may also hamper the growth of the industry.

Regulatory and Legal Issues Affecting the Consumer Drone Market

The consumer drone industry is subject to various regulations and legal issues such as drone registration, air traffic control, and privacy concerns. Governments across the world are developing regulations to govern drone operations, which can impact the growth of the market. In the future, the regulatory framework is expected to become more streamlined to enable the safe and efficient operation of drones.

Target Demographics of the Consumer Drone Market

The target demographics for the consumer drone market include hobbyists, photographers, videographers, and professionals in various industries. The preference and behavior of consumers vary depending on their needs and application. For instance, hobbyists prefer drones with high-quality cameras and extended battery life, while professionals require advanced features such as obstacle avoidance and long-range capabilities.

Pricing Trends in the Consumer Drone Market

The pricing of consumer drones varies across different segments, with high-end drones costing several thousand dollars and entry-level drones costing a few hundred dollars. The pricing of drones is influenced by factors such as the brand, features, and technology used. Additionally, the competition in the market is intense, leading to price wars among the key players.

Conclusion

The consumer drone market is witnessing significant growth, driven by the increasing adoption of drones in various industries and advancements in drone technology. DJI, Autel Robotics, and Parrot are the key players in the market, with DJI holding the highest market share. However, the market faces challenges such as regulatory and legal issues, counterfeit products, and competition among players. In the future, the market is likely to witness a focus on the development of autonomous drones and the integration of 5G technology into drone operations. The target demographics for the consumer drone market include hobbyists, photographers, videographers, and professionals in various industries. The pricing of drones varies across different segments, with high-end drones costing several thousand dollars and entry-level drones costing a few hundred dollars. Despite the challenges, the consumer drone market offers several opportunities, including the rising demand for drones in various industries such as agriculture, construction, and media & entertainment. Moreover, the market is likely to benefit from the increasing focus on the development of autonomous drones and the integration of machine learning and artificial intelligence technologies. However, the market also faces threats, including the increasing number of regulations for drone operations and the presence of counterfeit products in the market. Therefore, key players in the consumer drone market need to continue investing in research and development to offer advanced drones that meet the evolving demands of consumers. They should also collaborate with regulatory bodies to ensure compliance with regulations and address privacy concerns. The consumer drone market is expected to witness significant growth in the coming years, offering opportunities for players in the market to expand their offerings and gain a competitive edge.