Global Consumer Drones Market 2018-2026: CAGR is Projected to Grow at 20.9% - ResearchAndMarkets.com
Aug. 31, 2018
DUBLIN--(BUSINESS WIRE)--Aug 31, 2018--The "Global Consumer Drones Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2018 To 2026" report has been added to ResearchAndMarkets.com's offering.
The global consumer drones market is estimated to reach US$ 11,290.6 Mn in 2026 growing at a CAGR of 20.9% during the forecast period from 2018 to 2026.
The demand for consumer drones has taken off in the last couple of years and hobbyist drones have become a common sight. However, still there is plenty of room for the market growth.
One of the most prominent factors aiding the consumer drones market growth is the fact that these drones are widely adopted by photography enthusiasts. The application of drones for the purpose of photography has been one of the most exciting developments in the area of photography in the last two years.
Moreover, the fact that the cost of drones has reduced significantly has further helped the market to flourish. However, the flying characteristics and the quality of camera on-board greatly depends on the price tag associated with the drone.
In addition, ease of operation is another prominent factor aiding the consumer drones market growth. For instance, Fly Straight Out of the Box is a popular term in use in the world of drones which highlights the ease with which a drone can be flown. These factors in combination are expected to drive the consumer drones market growth in the years to come.
However, the existence of certain rules and regulations associated with flying a drone acts as a restraining factor for the market growth. Lack of proper training to fly a drone is another factor impacting the market growth negatively. As drones are often expensive, therefore proper training is required to fly a drone.
With technological advancements, manufacturers of consumer drones are developing drones with increased weight carrying capacity and with enhanced controls.
Companies Profiled3D Robotics Guangdong Cheerson Hobby Technology Parrot SZ DJI Technology Yuneec International Autel Robotics SkyTech Drones Hobbico Horizon Hobby Mota Group EHang
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Related Topics:Unmanned Aerial Vehicles (UAVs) - Drones
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SOURCE: Research and Markets
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PUB: 08/31/2018 05:33 AM/DISC: 08/31/2018 05:33 AM