Global Consumer Drone Market 2016-2020

Global Consumer Drone Market 2016-2020

About Consumer Drone

Consumer drones are used to capture photos and shoot videos. They are also used as toys. Consumer drones are capable of capturing high-speed actions, distinct objects, and are designed for rugged conditions, including extreme weather. Consumer drones are equipped with GPS tracking and high-quality cameras that allow users to take photos of distinct objects, without any threat to life.

Technavio’s analysts forecast the global consumer drone market to grow at a CAGR of 23.40% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global consumer drone market for 2016-2020. To calculate the market size, the report provides the revenue, which is calculated based on the average selling price (ASP) of consumer drones.The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Consumer Drone Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • 3D Robotics
  • Cheerson Hobby
  • DJI
  • Parrot
  • Walkera
  • Yuneec
Other prominent vendors
  • JJRC
  • AirDog
  • Delair-Tech
  • Hexo+
  • Hobbico
  • Shenzhen Hubsan Technology
  • Syma Toys
  • UDIRC Toys
Market driver
  • Use of consumer drones for photography.
  • For a full, detailed list, view our report
Market challenge
  • High development costs of consumer drones.
  • For a full, detailed list, view our report
Market trend
  • Shift in demand to developing nations.
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?

Press Release

Technavio Announces the Publication of its Research Report – Global Consumer Drone Market 2016-2020

Technavio recognizes the following companies as the key players in the global consumer drone market: 3D Robotics, Cheerson Hobby, DJI, Parrot, Walkera, and Yuneec.

Other prominent vendors in the market are: JJRC, AirDog, Delair-Tech, Hexo+, Hobbico, and Shenzhen Hubsan Technology.

Commenting on the report, an analyst from Technavio’s team said: “One of latest trends in the market is adoption of drones for sports. The use of consumer drones for sports is increasing with its growing popularity. Mountain Dew, a carbonated soft drink brand produced and owned by PepsiCo, and DR1 Racing organized a drone race in August 2016. The event made use of 12 of the world’s top drone-racing pilots. They controlled the drones from the top of the dam and maneuvered them around a large number of obstacles while flying them at speeds of more than 75 miles per hour. The race included various heats, qualifiers, and finals over the course of two days.”

According to the report, one of the primary drivers in the market is use of consumer drones for photography. As of 2015, there had been a lot of social media attention on photographs taken with drones. This is because the use of drones for photography is still in the nascent stages, and a lot of people are interested to see the different types of photographs or videos that can be taken using drones. More than 80% of the consumer drone users upload their photos online. The demand for consumer drones will increase as people are keen to share these photos and videos through popular social networking sites such as Facebook, Twitter, and LinkedIn.

Further, the report states that one major challenge in the market is low battery backup. The high power consumption by drones is a challenge for users, as it leads to short fly time. On an average, it takes nearly 1.5 hours to charge a drone with a battery of 4,800 mAh. However, the fly time of a consumer drone is limited to 15-25 minutes. Consumers may refrain from adopting consumer drones because of their high power consumption and weak battery life. To overcome these issues, developers are looking for alternatives that will help to conserve energy and increase the flight time of consumer drones. For example, drones that are developed with hydrogen fuel cells are able to conserve energy, thereby enhancing flight time.

Companies Mentioned

3D Robotics, Cheerson Hobby, DJI, Parrot, Walkera, Yuneec, JJRC, AirDog, Delair-Tech, Hexo+, Hobbico, Shenzhen Hubsan Technology.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
      • Table Countries covered for market analysis
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
    • Consumer credit overview
  • Market landscape
    • Market overview
      • Table Growth strategies of consumer banking institutions
    • Market size and forecast
      • Table Global consumer credit market 2015-2020 ($ trillions)
      • Table Banking solutions
      • Table Types of consumer credit 2015
    • Five forces analysis
      • Table Five forces analysis
  • Geographical segmentation
    • Table Geographical segmentation 2015-2020
    • Americas
      • Table Consumer credit market in Americas 2015-2020 ($ trillions)
      • Table Revolving line of credit in Americas 2015
      • Table Non-revolving line of credit in Americas 2015
    • EMEA
      • Table Consumer credit market in EMEA 2015-2020 ($ trillions)
    • APAC
      • Table Consumer credit market in APAC 2015-2020 ($ trillions)
      • Table Growth strategy of banks in APAC
      • Table Key takeaways from APAC
  • Market drivers
    • Quicker access to credit
    • High economic growth in emerging markets for micro enterprises
    • Portfolio risk solutions
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Regulatory issues
    • Lack of risk management and inadequate MIS
    • Difficulty in credit assessment and assessing lending risks
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Big data analytics
    • Leveraging social media channels for better market penetration and customer connectivity
      • Table Social media benefits to the banking institutions
      • Table Factors that drive customer satisfaction
      • Table Customer connectivity
    • New credit scoring approach and collaboration in global marketplace
  • Vendor landscape
    • Competitive landscape
      • Table Improved inventory management
      • Table Advantages of successful implementation of ERP in enterprises
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • BNP Paribas
      • Table Recent developments
    • Citigroup
      • Table Business portfolio
      • Table Recent developments
    • HSBC
      • Table Product offerings
      • Table Recent developments
    • ICBC
      • Table Product portfolio
      • Table Recent developments
    • JPMorgan Chase
      • Table Product portfolio
  • Appendix
    • List of abbreviations
  • Explore Technavio

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