The global consumer drones market is expected to reach $2,196.9 million by 2022, registering a CAGR of 28.1% during 2016–2022 (forecast period). Major factors supporting the market growth include increasing application of augmented reality (AR) and virtual reality (VR) in consumer drones, growing demand for racing drones, and advancements in technology.
Based on product, the consumer drones market is categorized into multi-rotor drones, nano drones, and others, wherein others include fixed-wing drones and hybrid drones. Among these, multi-rotor drones held the largest share in the market in 2015. This can be attributed to the wide adoption of these drones owing to their compact design and high maneuverability.
On the basis of end user, the consumer drones market is classified into prosumers, hobbyists, and photogrammetry professionals. Of these, the prosumer category contributed the largest revenue to the market in 2015. Moreover, North America contributed the largest revenue under the prosumer consumer drones category.
A key trend observed in the consumer drones market is the increasing demand for compact sensors for drone manufacturing. Lightweight sensors for drones include ultrasonic sensors, stereoscopic sensors, spectral sensors, infrared sensors, and LiDAR sensors. These sensors can perform several functions, including 3D imaging infrared thermography, crop vigor analysis, and collision avoidance. Thus, chip-manufacturing companies such as Qualcomm Inc. and Intel Corporation are increasingly using these sensors for better onboard imaging and enhanced co-production image processing.
AirDroids, one of the key vendors of compact consumer drones, is witnessing a large number of pre-orders for consumer drones. Compact drones manufactured by the company are known as pocket drones; these are inexpensive flying machines and can be used for varied consumer needs. These are also the world’s first multi-copters. They are quite powerful, carry a high-quality action camera, and fold up smaller than tablets. Thus, increase in demand for such compact drones is expected to positively affect the growth of the consumer drones market.
Moreover, the major factor driving the consumer drones market is the increasing application of AR and VR in these drones. Market players are embedding high-definition (HD) cameras into drones, with AR technology helping reduce reliance on laptops and tablets and facilitating easier operations. This is due to the advantages of AR glasses, which offer field service technicians with a hands-free solution that provides access to visualizations of job-critical information and expert knowledge. Companies such as SAP SE and Parrot SA are, thus, incorporating AR glasses in drones for a better customer experience.
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Some of the key companies operating in the global consumer drones market are SZ DJI Technology Co. Ltd., Parrot SA, 3D Robotics Inc., Shenzhen Hubsan Intelligent Co. Ltd., Blade LLC, JJRC Toy Co. Ltd., Syma Toys Industrial Co. Ltd., Walkera Technology Co. Ltd., Guangdong Cheerson Hobby Technology Co. Ltd., and Hobbico Inc.
Consumer Drones Market Segmentation
By End User