Consumer Drone Market by Drone Type (Fixed-Wing, Rotary-Wing), Application (Photography & Videography, Toys) - Global Forecast 2024-2030

Consumer Drone Market by Drone Type (Fixed-Wing, Rotary-Wing), Application (Photography & Videography, Toys) - Global Forecast 2024-2030

The Consumer Drone Market size was estimated at USD 4.97 billion in 2023 and expected to reach USD 5.55 billion in 2024, at a CAGR 12.08% to reach USD 11.05 billion by 2030.

The consumer drone includes unmanned aerial vehicles (UAVs) designed for the general public for personal and recreational use. This includes a wide range of products, from basic models suitable for beginners to more advanced drones equipped with high-definition cameras and sophisticated navigation technologies. Consumer drones find applications in various fields, including aerial photography and videography, recreational use, sports, event coverage, and increasingly for educational purposes. The primary end-users are hobbyists, photography enthusiasts, videographers, and tech-savvy individuals seeking to explore aerial perspectives. Regulatory advancements provide clearer guidelines and frameworks for drone usage that instill confidence among consumers and businesses, driving the growth of the market. The evolving landscape of consumer preferences toward more sophisticated and interactive gadgets also plays a crucial role. As drones become more accessible, user-friendly, and cost-effective, demand amplifies across hobbyists, commercial sectors, and educational institutions. Additionally, the integration of artificial intelligence and machine learning technologies is opening new opportunities for automated and innovative drone applications, further driving market expansion. Technical limitations and the high cost of maintenance hampers the growth of the consumer drone market. Rapid advancements in drone technology, including longer flight times, better camera resolution, and improved GPS, are expected to broaden the market.

Regional Insights

The Americas region, particularly North America, stands as a significant market for consumer drones due to high consumer spending power and a strong presence of leading drone manufacturers. The United States leads this market, fueled by the adoption of drones in various applications, including aerial photography, entertainment, and surveillance. Regulatory support from the Federal Aviation Administration (FAA) for drone operations under specific conditions has further bolstered the market. South America is also showing promising growth driven by increasing usage in agricultural and mining activities. The APAC region is expected to witness the fastest growth in the consumer drone market, attributed to the rising consumer electronics industry and increasing disposable incomes. Countries including China, Japan, Australia, and South Korea are at the forefront, with China being the global powerhouse in drone manufacturing. The region benefits from the presence of major drone manufacturers, technological advancements, and a growing young population keen on adopting the latest technologies in personal electronics, including drones. Moreover, supportive government initiatives in countries such as India for drone usage and increased applications in agriculture and entertainment sectors are driving growth. EMEA showcases a diverse market landscape for consumer drones. Europe, with countries including Germany, the UK, and France, exhibits a strong demand for drones, driven by a keen interest in drone technology among consumers and favorable regulatory environments. The Middle East, while smaller in comparison, shows potential for growth, particularly in luxury and entertainment applications. Africa is an emerging market with its growth primarily driven by applications in mapping, agricultural monitoring, and wildlife protection amidst progressing regulatory frameworks.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Consumer Drone Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

Growing awareness associated with aerial content due to the expansion of social media platforms
Decreasing prices of drones with improved distribution channels

Market Restraints

Hurdles and privacy concerns with consumer drones

Market Opportunities

Rapid advancements in consumer drone technologies
Growing popularity of aerial photography and video

Market Challenges

Safety issues and potential accidents with consumer drones

Market Segmentation Analysis

Drone Type: Growing usage of multi-rotor drones for consumer and commercial purposes
Application: Rising potential of consumer drones for photography and videography to elevate their visual experiences

Market Disruption Analysis

Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Consumer Drone Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Consumer Drone Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

MS Dhoni-backed Garuda Aerospace Launches Droni Consumer Drone

Garuda Aerospace unveiled its latest consumer drone, named 'Droni,' which is now available on Amazon for an introductory price of INR 85,000. The company, which boasts investment from celebrated cricketer Mahendra Singh Dhoni, strategically leveraged the star's social media profiles alongside those of the Chennai Super Kings—a prominent IPL cricket team—to announce the launch. This strategic move enhances the drone's visibility and market appeal, tapping into the vast fanbase of both Dhoni and the cricket team.

ACSL began SOTEN, a small aerial photography drone, in the U.S.

ACSL Ltd. achieved a significant milestone by securing an export license from Japan's Ministry of Economy, Trade and Industry (METI) for its compact aerial photography drone, SOTEN, designated for the United States market. This venture marks ACSL's inaugural large-scale international expansion in the industrial drone sector. The company is committed to furthering its market presence in the U.S. in collaboration with GenPac and other partners, building on this initial export success.

Drone Nerds Launches New DJI Cinematography Drone, the DJI Inspire 3

Drone Nerds launched its cinematography marvel, the DJI Inspire 3. This cutting-edge drone emerges as the successor to the revered Inspire 2, earmarking a new era of innovation in filmmaking and cinematographic ventures. The Inspire 3 is equipped with the state-of-the-art Zenmuse X9 camera, identical to the one utilized in the Ronin 4D, noted for its dual-native ISO capability. This feature ensures the capture of impeccably clear images under diverse lighting conditions, setting a new standard for aerial cinematography excellence.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Consumer Drone Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Consumer Drone Market, highlighting leading vendors and their innovative profiles. These include 3D Robotics, Inc., AEE Technology Inc., Airselfie SRL, Autel Robotics Co., Ltd., Ehang Holdings Limited, GoPro, Inc., Holy Stone Enterprise Co., Ltd., Hubsan Technology Company Ltd., Potensic Innovation Technology Co., Ltd., PowerVision Technology Co., Ltd., PowerVision Technology Group, SimToo Intelligent Technology Co., Ltd., Skydio, Inc., SwellPro Technology Co., Ltd., SZ DJI Technology Co., Ltd., TTRobotix Inc., Uvify, Inc., Walkera Technology Co., Ltd., Wingsland Technology Co., Ltd., XK Innovations, and Yuneec International Co. Ltd..

Market Segmentation & Coverage

This research report categorizes the Consumer Drone Market to forecast the revenues and analyze trends in each of the following sub-markets:

Drone Type
Fixed-Wing
Rotary-Wing
Multi Rotor
Single Rotor
Application
Photography & Videography
Toys
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year