Technavio, a tech-focused market research firm, has published a new report on the global consumer drones market, which is expected to grow at a CAGR of close to 16% during the forecast period, 2017-2021.
Based on geographical segmentation, Technavio market researchers categorize the global consumer drones market into the following key regions: The Americas, APAC, and EMEA.
Source: Technavio
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Top three contributors for the global consumer drones market are elaborated below
Consumer drones market in Americas: Much of the market’s growth in the Americas is accounted for by the US, the global leader in terms of demand for consumer drones. Brazil, Chile, Argentina, Peru, Uruguay, and Bolivia are some other key revenue generating countries in the consumer drones market in the Americas.
According to Bharath Kanniappan, a lead analyst at Technavio, specializing in research on robotics, “Though the US is the largest market for the use of consumer drones, the market is largely disrupted by China-based vendors such as DJI and EHang. These Chinese companies are benefitting from the labor-intensive manufacturing sector, leading to low manufacturing costs of drones.”
Consumer drones market in EMEA: The increasing adoption of consumer drones for recreational purposes is the major driving force behind the growth of the consumer drones market in EMEA. The UK, Germany, France, Spain, and Italy account for a majority of the demand for consumer drones in this region.
Consumer drones market in APAC: The consumer drones market in APAC is projected to experience substantial growth during the forecast period owing to the emergence of local vendors such DJI and EHang, which provide low-cost and high-quality consumer drones. China, Australia, Japan, India, and South Korea are predicted to experience a surge in market growth.
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The leading vendors operating in the global consumer drones market are:
- 3D Robotics
- DJI
- EHang
- Parrot
- Yuneec
Other prominent vendors in the market include Airdog, GoPro, Guangdong Cheerson Hobby Technology, Hobbico, Horizon Hobby, Shenzhen Hubsan Technology, Guangdong Syma Model Aircraft Industrial, Walkera, and ZEROTECH.
A more detailed analysis is available in the Technavio report titled, ‘Global Consumer Drones Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Commercial Drone-enabled Services Market 2016-2020
- Global Mobile Robotics Market 2016-2020
- Global Industrial Robotics Services Market 2017-2021
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