Latest News- Consumer Drones Market: Multirotor is expected to lead the Product segment during 2025-2029

The Consumer Drones Market is being driven by Advancements in sensors and emergence of low-cost drones

The Consumer Drones Market is expected to grow at a CAGR of 20.6% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 11032.5 million. The consumer drones market is experiencing significant growth and transitioning from the development phase to a highly competitive landscape. DJI, a leading Chinese drone manufacturer, dominates the global market with its advanced offerings, including drones equipped with object sensing and path detection technologies. In response to increasing competition from new entrants, DJI is strategically reducing the price points of its drones to maintain market share. To stay competitive, other companies are also introducing affordable, yet technologically advanced drones. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Multirotor
  • Fixed wing
  • Single rotor
• Distribution Channel
  • Offline
  • Online
• Technology
  • Remotely operated drone
  • Semi-autonomous drone
  • Autonomous drone
• Application
  • Hobbyist and gaming
  • Aerial photography
  • Others
• Geography
  • North America
    • Canada
    • US
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • UK
    • France
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Advancements in sensors and emergence of low-cost drones
• Growing number of acquisitions and partnerships
• Rise in popularity of drone racing

However, the market also witnesses some limitations, which are as follows:

• Stringent government regulations regarding use of consumer drones
• Safety and privacy issues
• Limitations associated with consumer camera drones

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Market Scope in Consumer Drones Market Research Report

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Research Analysis Overview

The consumer drone market encompasses various types of unmanned aerial vehicles (UAVs) including fixed wing drones, hybrid drones, toy/hobbyist drones, and nano drones. Applications range from law enforcement and novel electronics technology for start-ups, to aerial photography for hobbyists and enthusiasts, and photogrammetry for production and consumption patterns. Scenario-based analysis considers privacy concerns, risk of mishaps, and technological modifications. Consumer drone products include drone racing and hybrid drones, contributing to revenue growth in the adjacent market.

Market Research Overview

The consumer drone market is a segment of the broader industrial machinery and supplies and components market, encompassing businesses involved in the manufacturing of drone technology. According to Technavio, the global industrial machinery and supplies and components market size is determined by the combined revenue generated by manufacturers of machinery and components used in various industries. Factors driving growth in this market include the increasing demand for industrial output in process and discrete industries, particularly in developing countries, leading to capacity expansions in sectors such as energy, chemicals and petrochemicals, pulp and paper products, and processed food and beverages. Within the consumer drone market, there are various types, including fixed wing drones, hybrid type drones, and nano drones, which are increasingly being adopted by law enforcement agencies for surveillance and reconnaissance purposes.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/