Global Consumer Drones Market 2017-2021
About Consumer Drones
UAVs, commonly referred as drones, are flights without a human pilot aboard. These flights are controlled either autonomously, by an onboard computer, or by remote control from the ground or another vehicle. UAVs range from large to small size. Large-sized UAVs are used for tactical missions that are powered by the internal combustion engine, and electric motors drive small electric-powered UAVs.
Technavio’s analysts forecast the global consumer drones market to grow at a CAGR of 15.92% during the period 2017-2021.Covered in this report
The report covers the present scenario and the growth prospects of the global consumer drones market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of consumer drones.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Consumer Drones Market 2017-2021
Technavio recognizes the following companies as the key players in the global consumer drones market: 3D Robotics, DJI, EHang, Parrot, and Yuneec
Other Prominent Vendors in the market are: Airdog, GoPro, Guangdong Cheerson Hobby Technology, Hobbico, Horizon Hobby, Shenzhen Hubsan Technology, Guangdong Syma Model Aircraft Industrial, Walkera, and ZEROTECH
Commenting on the report, an analyst from Technavio’s team said: “Virtual reality applications are increasingly being used to provide interactive and immersive experience using digital platforms. Virtual reality involves the use of computer technology to create an interactive 3D environment in which objects have a sense of spatial presence. The surge of virtual reality is expected with the burgeoning growth of wearable gadgets that facilitate the involvement of virtual reality. Vendors are expected to capitalize on the increasing adoption of products like the Google Cardboard or Oculus Rift for enabling their virtual reality experience during the forecast period.”
According to the report, vendors in the drones market are capitalizing on the availability of mobile, intelligent, and connected sensors to improve the capabilities of their offerings. Consumer drones are majorly equipped with GPS, inertial, image, and ultrasound-based range sensors. With improvements in functionalities and features, consumer drones are increasingly being equipped with thermal, hyperspectral, and multispectral sensors.
Further, the report states that companies in the global consumer drones market have been facing regulatory hurdles since their introduction in the market. With awareness and adoption of consumer drones, governments are updating their regulations in terms of the use of UAVs. This is expected to be a major challenge for vendors that might experience less adoption of consumer drones in countries with more stringent laws. The laws relate to the requirement of specific certifications, qualifications, or modifications in design, which are expected to have an unfavorable impact on the financial performance and market positions of companies.
3D Robotics, DJI, EHang, Parrot, Yuneec, Airdog, GoPro, Guangdong Cheerson Hobby Technology, Hobbico, Horizon Hobby, Shenzhen Hubsan Technology, Guangdong Syma Model Aircraft Industrial, Walkera, ZEROTECH.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook