Global Consumer Drone Market to Reach US$ 12.2 Billion by 2032, Stimulated by Increasing Trend of Drone Photography

September 26, 2023 | Technology & Media

According to the latest report by IMARC Group, titled “Consumer Drone Market Report by Product (Multi-rotor, Nano, and Others), Technology (Autonomous Drone, Semi-Autonomous Drone, Remotely Operated Drone), Distribution Channel (Online, Offline), Application (Toy/Hobbyist, Prosumer, Photogrammetry), and Region 2024-2032,” the global consumer drone market size reached US$ 4.7 Billion in 2023. A consumer drone is a remotely piloted aircraft system (RPAS) that is primarily intended for non-commercial and recreational purposes. It comprises quadcopters, hexacopters, octocopters, fixed-wing drones, and racing drones, which are designed for competitive drone racing events. It is compact, lightweight, and equipped with various sensors and cameras for capturing aerial photos and videos. It can be manipulated by a remote controller or a smartphone app and can be flown by enthusiasts of all ages. It varies in terms of flight time, speed, and range. It plays an important part in improving the efficiency and effectiveness of search and rescue operations, saving lives in emergency situations. It is used to monitor wildlife, track deforestation, and assess environmental changes, contributing to conservation efforts.

Global Consumer Drone Market Trends:

At present, the increasing utilization of consumer drones by photographers, videographers, and content creators to create breathtaking visuals for personal and professional projects represents one of the vital factors impelling the growth of the market. Besides this, the rising employment of consumer drones to generate high-resolution aerial maps and 3D models, facilitating better decision-making and resource management, is contributing to the growth of the market. In addition, the growing number of e-commerce businesses and demand for efficient last-mile delivery services are offering a favorable market outlook. Apart from this, increasing advancements in drone technology, such as improved battery life, enhanced stabilization systems, and obstacle avoidance features, are supporting the growth of the market. Additionally, the rising availability of solar-powered drones, which eliminate the over-expenditure of electricity, is bolstering the growth of the market. Looking forward, the market value is projected to reach US$ 12.2 Billion by 2032, expanding at a CAGR of 10.86% during 2024-2032.

Market Summary:

Based on the product, the market has been segmented into multi-rotor, nano, and others. Currently, multi-rotor dominates the market, holding the largest share.
On the basis of the technology, the market has been divided into autonomous drone, semi-autonomous drone, and remotely operated drone.
Based on the distribution channel, the market has been bifurcated into online and offline.
On the basis of the application, the market has been segregated into toy/hobbyist, prosumer, and photogrammetry. At present, toy/hobbyist exhibits a clear dominance in the market.
Region-wise, the market has been segmented North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. Amongst these, North America is the leading market, accounting for the majority of the global share.
The competitive landscape of the market has also been examined, with some of the key players being Autel Robotics, Guangdong Syma Model Aircraft Industrial Co. Ltd., Guangzhou Walkera Technology Co. Ltd., Horizon Hobby LLC, Hubsan, Jianjian Technology Co. Ltd., Parrot SA, Skydio Inc., SZ DJI Technology Co. Ltd., and Yuneec International.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Billion
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment: Product Technology Distribution Channel Application Region
Products Covered	Multi-rotor, Nano, Others
Technologies Covered	Autonomous Drone, Semi-Autonomous Drone, Remotely Operated Drone
Distribution Channels	Online, Offline
Applications Covered	Toy/Hobbyist, Prosumer, Photogrammetry
Regions Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Autel Robotics, Guangdong Syma Model Aircraft Industrial Co. Ltd., Guangzhou Walkera Technology Co. Ltd., Horizon Hobby LLC, Hubsan, Jianjian Technology Co. Ltd., Parrot SA, Skydio Inc., SZ DJI Technology Co. Ltd., Yuneec International, etc.
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Global Consumer Drone Market to Reach US$ 12.2 Billion by 2032, Stimulated by Increasing Trend of Drone Photography

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