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Consumer Drones Market Industry Survey, Market Size, Competitive Trends Forecast by 2022

Press Release

The global consumer drones market is expected to grow at a CAGR of 28.1% during 2016 – 2022. Among the various types, the multi-rotor segment held the largest share in the global consumer drones market in 2015.

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 growth of the market include increasing demand for compact drones and increasing utility of drones embedded with augmented and virtual reality tools. The key opportunities witnessed in the global consumer drones market include growing demand for compact drones, increasing demand for consumer drones with virtual and augmented reality and growing eminence of racing drones.

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Generally, all the major companies are embedding their drones with the HD cameras. Recently, the drones with virtual reality having 360-degree cameras are emerging into the market; and steadily virtual reality is expected to become the norm for drones.

The applications that run under augmented reality are likely to reduce worker’s reliance on laptops and tablets, where they are cumbersome to use. AR glasses enable field service technicians with a hands-free solution that provides access to visualizations of job-critical information and expert knowledge. AR glasses add imagery to the existing environment that is not otherwise present. SAP has already led the field here. For instance, Parrot SA and its technological partners offer AR.Drone2.0 users with a wide-range of compatibility for its piloting application with new peripherals and connected systems. With the use of such technologies, the consumer experience in the industry is expected to enhance.

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Bottom-up approach has been used to calculate the global consumer drones market by product, end-user, and geography. P&S Intelligence analysts and consultants interact with leading companies of the concerned domain to substantiate every value of data presented in the report. The company bases its primary research on discussions with prominent professionals and analysts in the industry, which is followed by informed and detailed, online and offline research.

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.

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