The global consumer drones market (size of $389.7 million in 2015) is expected to grow at 28.1% CAGR during the forecast period. The consumer drone market is following certain dynamic trends that has solved various drone related issues. The key trends witnessed in the global consumer drone market involve the smaller and lightweight sensors that are required for the drones, increase in competition among the drone service providers, and introduction of the consumer drones by the Chinese manufacturers.
GLOBAL CONSUMER DRONES MARKET BY PRODUCT $M (2012-2022)
The drive for smaller and lightweight sensors for drones from the manufacturing level is one of the major trends observed in the global market. The lightweight sensors for drones include stereoscopic sensors, ultrasonic sensors, ultrasonic sensors, LiDAR sensors, infrared sensors, and spectral sensors. These sensors are expected to help drones perform tasks, such as collision avoidance, 3D imaging infrared thermography, and improved crop vigor analysis. The chip manufacturing companies, such as Qualcomm and Intel are likely to adopt these techniques. This in turn will generate better onboard imaging and enhanced co-production image processing, as the investments propel into a high gear.
The demand for virtual reality (VR) and augmented reality (AR) is expected to increase at the consumer and organizational levels respectively. The consumer drones offer virtual reality applications embedded within them and provide advanced features with the help of those applications.
The development of the drone software is elevating the opportunity for the consumer drone industry. For instance, 3DR is providing user and developer experiences through its open platform Open Source Software (OSS) which tells what all programming languages have been used for designing the software, and how the users are using this software. OSS is a development model that supports several 3DR products and most of the technological products. This development is likely to add numerous apps to the smartphones.
The enhancement in camera quality in consumer drones is expected to provide better image and video resolution, both for consumer as well as commercial drones. The companies such as DJI and Yuneec offer integrated 4K video recording cameras and HD video monitoring at prices as low as $1200. Moreover, their price is further decreasing and the camera quality has been improving. This enhancement will lead to more production of these cameras, and hence more sales.
The global consumer drones market is being driven by several factors including the increasing demand of compact drones, increasing applications of virtual and augmented reality in drone technology, which is augmenting the utility of drones and the surging eminence of racing drones.
Dronecode software platform, developed by Dronecode is as an application ecosystem within the various layers of stack. It holds the open source projects that control flight and enable mission planning. The platform has been adopted by several organizations on the forefront of drone technology, including 3D Robotics, Parrot, Qualcomm, Intel, Yuneec, Walkera, and others. The upgradation in the drone software is expected to increase the demand of drones that can be operated in a more flexible and efficient way.
The key companies operating in the global consumer drones market include DJI Innovations, Parrot SA, 3D Robotics, Shenzhen Hubsan Intelligent Co. Ltd., Blade LLC, JJRC Toy Co. Ltd., Syma Toys Industrial Co. Ltd., Walkera Technology Co. Ltd, Guangdong Cheerson, Hobby Technology Company Limited, and Hobbico Inc.