Consumer Drone Market Analysis By Product (Multi-Rotor, Nano), By Application (Prosumer, Toy/Hobbyist, Photogrammetry) And Segment Forecasts To 2024

Published: Mar, 2013 | Pages: 94 | Publisher: Grand View Research
Industry: Technology & Media | Report Format: Electronic (PDF)

The global consumer drone market size is expected to reach USD 4.19 billion by 2024, according to a new report by Grand View Research, Inc. The substantial growth prospects of the market can be attributed to surging eminence of drone flying as hobby initiatives such as UAV photography and racing. Administrative support through permitting drone flying for non-commercial purposes in select geographies is stimulating the growth of global consumer drone market.

Consumer UAVs have gained prominence owing to their ability of high-resolution image and video capturing, dynamic novel design concept, as well as adequate operational intervals. Upcoming favorable initiatives by regulatory bodies, such as Federal Aviation Authority (FAA) and European Aviation Safety Agency (EASA), and increasing governmental spending on such advanced UAVs are anticipated to drive the industry growth over the forecast period.

An emerging trend in the industry is the development of drones with hydrogen fuel cells that in the back end conserve energy and supply power to UAVs, thereby enabling longer flight hours. Furthermore, dynamic concept design and enhanced flight capability of UAVs have revolutionized the gaming, electronics, and associated hobby markets.

Aerial photography enthusiasts are profoundly accepting drones in complimenting their hobby of exploring and capturing dynamic images and videos. The introduction of high-resolution HD 4K cameras and advanced Gimbal systems by manufacturers are presumed to boost the adoption of UAVs in photography and nature exploration.

However, smaller flight time due to shorter battery life of drones, as well as registration obligations, to regulate the issuance of official drone registration certificate in select geographies are anticipated to challenge the industry growth over the forecast period.

Further key findings from the report suggest:

Multi-rotor drones dominated the overall market, both in terms of revenue and volume. They accounted for over 85% of the overall volume share in 2015 and are poised to witness significant growth over the next eight years. Multi-rotor drones are increasingly used in racing and photography applications. The ability to perform under extreme conditions and development of various innovative applications are the primary factors driving the increased adoption of multi-rotor drones.

Nano drones are anticipated to witness significant growth over the forecast period, growing at a CAGR of over 30% from 2016 to 2024. The growth in demand for nano drones can be attributed to their portability and efficient application in photography and security applications. These small-sized drones incorporate a low cost of maintenance, operation, and production. Manufacturers are increasingly integrating nano drones with gimbaled sensors to provide effective controlling and extend its application base.

Projected to grow at an estimated CAGR of close to 30%, from 2016 to 2024, prosumer application segment dominated the overall market share, both in terms of volume and revenue in 2015. Rapid increase in aerial photography can be attributed to the growth of photography as a hobby and aligned technologies. Moreover, FPV racing is being increasingly promoted as a recreational hobby in some regions owing to rising adoption of UAVs in the gaming segment.

Drones' demand in toy/hobbyist application was estimated to be over 270 thousand units in 2015 and is presumed to witness substantial growth in the near future. It is envisioned to surpass prosumer application segment in terms of volume by 2018. The growth in this segment can be attributed to increasing adoption of drone flying as a hobby initiative and customized UAV fabrication.

Asia Pacific is anticipated to witness considerable growth over the next eight years, growing at a CAGR of close to 35% from 2016 to 2024. The region incorporates substantial growth potential owing to the increasing development of innovative technology solutions for drones and aiming to manufacture them at a lower cost. Increasing investments by Japan and China for the development of multifunctional drones for various applications is expected to drive the regional industry growth in the recent future.

 Table of Contents


Chapter 1. Methodology and Scope
                      1.1. Research methodology
                      1.2. Research scope and assumptions
                      1.3. List of data sources
Chapter 2. Executive Summary
                      2.1. Consumer drone- Industry snapshot and key buying criteria, 2013 - 2024
Chapter 3. Consumer Drone Industry Outlook
                      3.1. Market segmentation
                      3.2. Market size and growth prospects
                      3.3. Consumer drone value chain analysis
                      3.4. Consumer drone market dynamics
                         3.4.1. Market driver analysis
                         3.4.2. Market restraint analysis
                      3.5. Key opportunities prioritized
                      3.6. Industry analysis - Porter's
                      3.7. Consumer drone key competitor analysis, 2015
                         3.7.1. Company strategy overview
                      3.8. Consumer drone market PESTEL analysis, 2015
                      3.9. Legal implications in consumer drone technology
                      3.10. Consumer drone- Role in the Internet of Things (IoT)
Chapter 4. Consumer Drone Product Outlook 
                      4.1. Consumer drone market volume share, by product, 2015& 2024
                      4.2. Multi-rotor
                         4.2.1. Global market estimates and forecasts, 2013 - 2024 (Thousand Units, USD Million)
                      4.3. Nano
                         4.3.1. Global market estimates and forecasts, 2013 - 2024 (Thousand Units, USD Million)
                      4.4. Other products
                         4.4.1. Global market estimates and forecasts, 2013 - 2024 (Thousand Units, USD Million)
Chapter 5. Consumer drone Application Outlook 
                      5.1. Consumer drone market volume share, by application, 2015& 2024
                      5.2. Prosumer
                         5.2.1. Global market estimates and forecasts, 2013 - 2024 (Thousand Units, USD Million)
                      5.3. Toy/Hobbyist
                         5.3.1. Global market estimates and forecasts, 2013 - 2024 (Thousand Units, USD Million)
                      5.4. Photogrammetry
                         5.4.1. Global market estimates and forecasts, 2013 - 2024 (Thousand Units, USD Million)
Chapter 6. Consumer Drone Regional Outlook 
                      6.1. Consumer drone market volume share, by region, 2015& 2024
                      6.2. North America
                         6.2.1. North America market by product, 2013 - 2024 (Thousand Units, USD Million)
                         6.2.2. North America market by application, 2013 - 2024 (Thousand Units, USD Million)
                         6.2.3. U.S.
                               6.2.3.1. U.S. market by product, 2013 - 2024 (Thousand Units, USD Million)
                               6.2.3.2. U.S. market by application, 2013 - 2024 (Thousand Units, USD Million)
                         6.2.4. Canada
                               6.2.4.1. Canada market by product, 2013 - 2024 (Thousand Units, USD Million)
                               6.2.4.2. Canada market by application, 2013 - 2024 (Thousand Units, USD Million)
                      6.3. Europe
                         6.3.1. Europe market by product, 2013 - 2024 (Thousand Units, USD Million)
                         6.3.2. Europe market by application, 2013 - 2024 (Thousand Units, USD Million)
                         6.3.3. UK
                               6.3.3.1. UK market by product, 2013 - 2024 (Thousand Units, USD Million)
                               6.3.3.2. UK market by application, 2013 - 2024 (Thousand Units, USD Million)
                         6.3.4. Germany
                               6.3.4.1. Germany market by product, 2013 - 2024 (Thousand Units, USD Million)
                               6.3.4.2. Germany market by application, 2013 - 2024 (Thousand Units, USD Million)
                      6.4. Asia Pacific
                         6.4.1. Asia Pacific market by product, 2013 - 2024 (Thousand Units, USD Million)
                         6.4.2. Asia Pacific market by application, 2013 - 2024 (Thousand Units, USD Million)
                         6.4.3. China
                               6.4.3.1. China market by product, 2013 - 2024 (Thousand Units, USD Million)
                               6.4.3.2. China market by application, 2013 - 2024 (Thousand Units, USD Million)
                         6.4.4. Japan
                               6.4.4.1. Japan market by product, 2013 - 2024 (Thousand Units, USD Million)
                               6.4.4.2. Japan market by application, 2013 - 2024 (Thousand Units, USD Million)
                      6.5. Latin America
                         6.5.1. Latin America market by product, 2013 - 2024 (Thousand Units, USD Million)
                         6.5.2. Latin America market by application, 2013 - 2024 (Thousand Units, USD Million)
                      6.6. MEA
                         6.6.1. MEA market by product, 2013 - 2024 (Thousand Units, USD Million)
                         6.6.2. MEA market by application, 2013 - 2024 (Thousand Units, USD Million)
Chapter 7. Competitive Landscape 
                      7.1. 3D Robotics
                         7.1.1. Company Overview
                         7.1.2. Financial Performance
                         7.1.3. Product Benchmarking
                         7.1.4. Strategic Initiatives
                      7.2. Blade / Horizon Hobby
                         7.2.1. Company Overview
                         7.2.2. Financial Performance
                         7.2.3. Product Benchmarking
                         7.2.4. Strategic Initiatives
                      7.3. Cheerson
                         7.3.1. Company Overview
                         7.3.2. Financial Performance
                         7.3.3. Product Benchmarking
                         7.3.4. Strategic Initiatives
                      7.4. DJI Innovations
                         7.4.1. Company Overview
                         7.4.2. Financial Performance
                         7.4.3. Product Benchmarking
                         7.4.4. Strategic Initiatives
                      7.5. Eachine
                         7.5.1. Company Overview
                         7.5.2. Financial Performance
                         7.5.3. Product Benchmarking
                         7.5.4 .Strategic Initiatives
                      7.6. Hubsan
                         7.6.1. Company Overview
                         7.6.2. Financial Performance
                         7.6.3. Product Benchmarking
                         7.6.4. Strategic Initiatives
                      7.7. JJRC
                         7.7.1. Company Overview
                         7.7.2. Financial Performance
                         7.7.3. Product Benchmarking
                         7.7.4. Strategic Initiatives
                      7.8. Parrot
                         7.8.1. Company Overview
                         7.8.2. Financial Performance
                         7.8.3. Product Benchmarking
                         7.8.4. Strategic Initiatives
                      7.9. SkyTech
                         7.9.1. Company Overview
                         7.9.2. Financial Performance
                         7.9.3. Product Benchmarking
                         7.9.4. Strategic Initiatives
                      7.10. Syma Toys
                         7.10.1. Company Overview
                         7.10.2. Financial Performance
                         7.10.3. Product Benchmarking
                         7.10.4. Strategic Initiatives
                      7.11. Walkera
                         7.11.1. Company Overview
                         7.11.2. Financial Performance
                         7.11.3. Product Benchmarking
                         7.11.4. Strategic Initiatives
                      7.12. WL Toys
                         7.12.1. Company Overview
                         7.12.2. Financial Performance
                         7.12.3. Product Benchmarking
                         7.12.4. Strategic Initiatives
                      7.13. Yuneec Electric Aviation
                         7.13.1. Company Overview
                         7.13.2. Financial Performance
                         7.13.3. Product Benchmarking
                         7.13.4. Strategic Initiatives

List of Tables


TABLE 1 Consumer drone - Industry snapshot & key buying criteria, 2013 - 2024
TABLE 2 Global consumer drone market, (Volume & Revenue), 2013 - 2024
TABLE 3 Global market estimates and forecasts by region, 2013 - 2024 (Thousand Units)
TABLE 4 Global market estimates and forecasts by region, 2013 - 2024 (USD Million)
TABLE 5 Global market estimates and forecasts by product, 2013 - 2024 (Thousand Units)
TABLE 6 Global market estimates and forecasts by product, 2013 - 2024 (USD Million)
TABLE 7 Global market estimates and forecasts by application, 2013 - 2024 (Thousand Units)
TABLE 8 Global market estimates and forecasts by application, 2013 - 2024 (USD Million)
TABLE 9 Consumer drone - Key market driver impact
TABLE 10 Consumer drone - Key market restraint impact
TABLE 11 Global multi-rotor consumer drone demand (Volume & Revenue), 2013 - 2024
TABLE 12 Global multi-rotor consumer drone demand by region, 2013 - 2024 (Thousand Units)
TABLE 13 Global multi-rotor consumer drone demand by region, 2013 - 2024 (USD Million)
TABLE 14 Global nano consumer drone demand (Volume & Revenue), 2013 - 2024
TABLE 15 Global nano consumer drone demand by region, 2013 - 2024 (Thousand Units)
TABLE 16 Global nano consumer drone demand by region, 2013 - 2024 (USD Million)
TABLE 17 Global other consumer drone demand (Volume & Revenue), 2013 - 2024
TABLE 18 Global other consumer drone demand by region, 2013 - 2024 (Thousand Units)
TABLE 19 Global other sensors demand by region, 2013 - 2024 (USD Million)
TABLE 20 Global consumer drone demand in prosumer (Volume & Revenue), 2013 - 2024
TABLE 21 Global consumer drone demand in prosumer by region, 2013 - 2024 (Thousand Units)
TABLE 22 Global consumer drone demand in prosumer by region, 2013 - 2024 (USD Million)
TABLE 23 Global consumer drone demand in toy/hobbyist (Volume & Revenue), 2013 - 2024
TABLE 24 Global consumer drone demand in toy/hobbyist by region, 2013 - 2024 (Thousand Units)
TABLE 25 Global consumer drone demand in toy/hobbyist by region, 2013 - 2024 (USD Million)
TABLE 26 Global consumer drone demand in photogrammetry (Volume & Revenue), 2013 - 2024
TABLE 27 Global consumer drone demand in photogrammetry by region (Thousand Units), 2013-2024
TABLE 28 Global consumer drone demand in photogrammetry by region, 2013 - 2024 (USD Million)
TABLE 29 North America consumer drone market by product (Thousand Units), 2012 - 2022
TABLE 30 North America consumer drone market by product, 2012 - 2022 (USD Million)
TABLE 31 North America consumer drone market by application (Thousand Units), 2012 - 2022
TABLE 32 North America consumer drone market by application, 2012 - 2022 (USD Million)
TABLE 33 U.S. consumer drone market by product (Thousand Units), 2012 - 2022
TABLE 34 U.S. consumer drone market by product, 2012 - 2022 (USD Million)
TABLE 35 U.S. consumer drone market by application (Thousand Units), 2012 - 2022
TABLE 36 U.S. consumer drone market by application, 2012 - 2022 (USD Million)
TABLE 37 Canada consumer drone market by product (Thousand Units), 2012 - 2022
TABLE 37 Canada consumer drone market by product, 2012 - 2022 (USD Million)
TABLE 38 Canada consumer drone market by application (Thousand Units), 2013-2024
TABLE 39 Canada consumer drone market by application, 2013 - 2024 (USD Million)
TABLE 40 Europe consumer drone market by product (Thousand Units), 2013-2024
TABLE 41 Europe consumer drone market by product, 2013 - 2024 (USD Million)
TABLE 42 Europe consumer drone market by application (Thousand Units), 2013-2024
TABLE 43 Europe consumer drone market by application, 2013 - 2024 (USD Million)
TABLE 44 Germany consumer drone market by product (Thousand Units), 2013-2024
TABLE 45 Germany consumer drone market by product, 2013 - 2024 (USD Million)
TABLE 46 Germany consumer drone market by application (Thousand Units), 2013-2024
TABLE 47 Germany consumer drone market by application, 2013 - 2024 (USD Million)
TABLE 48 UK consumer drone market by product (Thousand Units), 2013-2024
TABLE 49 UK consumer drone market by product, 2013 - 2024 (USD Million)
TABLE 50 UK consumer drone market by application (Thousand Units), 2013-2024
TABLE 51 UK consumer drone market by application, 2013 - 2024 (USD Million)
TABLE 52 Asia Pacific consumer drone market by product (Thousand Units), 2013-2024
TABLE 53 Asia Pacific consumer drone market by product, 2013 - 2024 (USD Million)
TABLE 54 Asia Pacific consumer drone market by application (Thousand Units), 2013-2024
TABLE 55 Asia Pacific consumer drone market by application, 2013 - 2024 (USD Million)
TABLE 56 China consumer drone market by product (Thousand Units), 2013-2024
TABLE 57 China consumer drone market by product, 2013 - 2024 (USD Million)
TABLE 58 China consumer drone market by application (Thousand Units), 2013-2024
TABLE 59 China consumer drone market by application, 2013 - 2024 (USD Million)
TABLE 60 Japan consumer drone market by product (Thousand Units), 2013-2024
TABLE 61 Japan consumer drone market by product, 2013 - 2024 (USD Million)
TABLE 62 Japan consumer drone market by application (Thousand Units), 2013-2024
TABLE 63 Japan consumer drone market by application, 2013 - 2024 (USD Million)
TABLE 64 Latin America consumer drone market by product (Thousand Units), 2013-2024
TABLE 65 Latin America consumer drone market by product, 2013 - 2024 (USD Million)
TABLE 66 Latin America consumer drone market by application (Thousand Units), 2013-2024
TABLE 67 Latin America consumer drone market by application, 2013 - 2024 (USD Million)
TABLE 68 MEA consumer drone market by product (Thousand Units), 2013-2024
TABLE 69 MEA consumer drone market by product, 2013 - 2024 (USD Million)
TABLE 70 MEA consumer drone market by application (Thousand Units), 2013-2024
TABLE 71 MEA consumer drone market by application, 2013 - 2024 (USD Million)