Global Consumer Drones Industry

Global Consumer Drones Industry

  • April 2021 •
  • 115 pages •
  • Report ID: 5899280 •
  • Format: PDF
Abstract:
- Global Consumer Drones Market to Reach $11.1 Billion by 2027
- Amid the COVID-19 crisis, the global market for Consumer Drones estimated at US$3 Billion in the year 2020, is projected to reach a revised size of US$11.1 Billion by 2027, growing at a CAGR of 20.8% over the analysis period 2020-2027. Rotary Wing Drone, one of the segments analyzed in the report, is projected to record a 21.4% CAGR and reach US$9.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Fixed Wing Drone segment is readjusted to a revised 19.1% CAGR for the next 7-year period.
- The U.S. Market is Estimated at $877.6 Million, While China is Forecast to Grow at 20% CAGR
- The Consumer Drones market in the U.S. is estimated at US$877.6 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.9 Billion by the year 2027 trailing a CAGR of 20% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 18.7% and 18% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 15.2% CAGR.
- Hybrid Drone Segment to Record 15.5% CAGR
- In the global Hybrid Drone segment, USA, Canada, Japan, China and Europe will drive the 15.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$194.7 Million in the year 2020 will reach a projected size of US$526.4 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.4 Billion by the year 2027.

- Select Competitors (Total 47 Featured) -
  • 3D Robotics, Inc. (3DR)
  • Autel Robotics
  • Guangdong Cheerson Hobby Technology Co., Ltd.
  • Guangzhou EHang Intelligent Technology Co. Ltd.
  • Horizon Hobby LLC
  • Mota Group, Inc.
  • Parrot SA
  • SkyTech Drones Sp. z o. o.
  • SZ DJI Technology Co., Ltd.
  • Yuneec International Company Limited