Consumer drones refer to the unmanned aerial vehicles (UAVs) used by consumers for civil purposes, such as recreation and photography.
The global consumer drones market is being driven by the increasing consumer interest in drone technology and its surging applications. The other factors driving the market include increasing demand for compact drones and expanding utility of drones embedded with augmented and virtual reality tools. The key trends observed in the global consumer drones market include increasing demand for compact software for drone manufacturing, increasing product development in the industry and dumping of drones by Chinese manufacturers to expand their market presence.
With the surging demand, the areas of opportunity for consumer drone manufacturers have been increasing. The major opportunities witnessed in the industry include advancement in drone software, development of drones with hydrogen fuel cells and enhancement in camera quality of consumer drones. With these technological advancements taking place, the industry is expected to grow significantly during the forecast period. Despite the good industry growth rate, there are certain restraints in the industry that have been offsetting this growth. Such restraints include high price of consumer drones and regulations against free use of drone technology.
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. Most of these companies are based in China.
