Consumer Drone Market Intelligence with Competitive Landscape By 2023
A research study titled, “Consumer Drone Market by Product and Application - Global Industry Analysis and Forecast to 2023” published by Crystal Market Research.
Industry Outlook and Trend Analysis:
The Consumer Drone Market was worth USD 0.31 billion in 2014 and is expected to reach approximately USD 1.99 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 22.99% during the forecast period.
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The advent of new inventive technologies, for example, crash evasion and geo-fencing that make flying automatons more secure have prompted expanded adoption of consumer drones over the worldwide industry. The development in worldwide interest for drones and expanding adoption of consumer drones have prompted the making of new government controls, with a specific end goal to adjust safety and innovation.
Worldwide populace is progressively accepting the emerging pattern of the automaton as a far and wide acknowledged leisure activity. Easy-going aficionados and early adopters contain a huge part of the business. However, support and repair complexities, and additionally security concerns and danger of mishaps related with drones are anticipated to challenge the market development throughout the following years.
Application Outlook and Trend Analysis:
Prosumer application portion is imagined to remain the overwhelming fragment throughout the following years and represented around 60% of the general share of the market in 2015.
In different geographies, drone racing as a recreational hobby is being adopted at a high scale which has prompted expanded selection of automatons for prosumer applications. Toy/hobbyist applications fragment is anticipated to witness significant development in the upcoming years. The introduction of innovation in electronics has pulled in gaming portion enthusiasts to acknowledge drones as their freshly source of entertainment.
Data Mining:
Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.
Market Classification:
Consumer Drones Market, By Product , Estimates and Forecast, 2014-2023 ($Million)
Nano
Multi-rotor
Others
Consumer Drones Market, By Application, Estimates and Forecast, 2014-2023 ($Million)
Photogrammetry
Prosumer
Toy/hobbyist
Product Outlook and Trend Analysis:
On the basis of products the market is segmented into nano, multi-rotor, and different automatons. Multi-rotor drones ruled the share of the market in 2015 and are foreseen to hold their predominance over the gauge time frame. Their development can be credited to expanded usage of multi-rotor drones in aerial photography and FPV dashing application.
Nano drones are foreseen to witness significant development throughout the following couple of years inferable from their cost-effective activity. Their relative operational cost effectiveness is foreseen to expand the usage of such automatons for different purposes.
Research Methodology:
We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.
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Top Major Market Players:
The leading players in the market are DJI, WL Toys, 3D Robotics, Cheerson, Eachine, SkyTECH Solutions LLC, Yuneec Electric and Hubsan.
The Consumer Drones Market is segmented as follows-
By Product:
Nano
Multi-rotor
Others
By Application:
Photogrammetry
Prosumer
Toy/hobbyist
Some of the key questions answered by the Consumer Drone Market report are:
What was the Consumer Drone Market size in 2014 and forecast from 2015 to 2023?
What will be the industry Consumer Drone Market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the Consumer Drone Market forecast?
What are the major segments leading the Consumer Drone Market growth and why?
Which are the leading players in the Consumer Drone Market and what are the major strategies adopted by them to sustain the Consumer Drone Market competition?
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About Crystal Market Research:
Crystal Market Research is a U.S. based market research and business intelligence company. Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.
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