Global Consumer Camera Drones Market to Reach US$186.2 Billion by the Year 2027
Amid the COVID-19 crisis, the global market for Consumer Camera Drones estimated at US$3.5 Billion in the year 2020, is projected to reach a revised size of US$186.2 Billion by 2027, growing at a CAGR of 76.3% over the period 2020-2027.
The U.S. Accounts for Over 30.7% of Global Market Size in 2020, While China is Forecast to Grow at a 72.4% CAGR for the Period of 2020-2027
The Consumer Camera Drones market in the U.S. is estimated at US$1.1 Billion in the year 2020. The country currently accounts for a 30.73% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$28.3 Billion in the year 2027 trailing a CAGR of 72.4% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 68.5% and 65% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 51.8% CAGR while Rest of European market (as defined in the study) will reach US$28.3 Billion by the year 2027.We bring years of research experience to this 6th edition of our report. The 109-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.Competitors identified in this market include, among others,
- BNN Technology PLC
- Guangzhou Walkera Technology Co., Ltd.
- Parrot Drones SAS
- Yuneec International Company Limited