Consumer drones market 2023-2027: A descriptive analysis of five forces model, market dynamics, and segmentation - Technavio

NEW YORK, Jan. 12, 2023 /PRNewswire/ -- According to Technavio, the global consumer drones market size is estimated to grow by USD 5,362.6 million from 2022 to 2027. The market is expected to grow at a CAGR of 14.76% during the forecast period. Moreover, the growth momentum will accelerate. North America will account for 36% of the market's growth during the forecast period. For more insights on market size, request a sample report

Global consumer drones market - Five forces
The global consumer drones market is fragmented, and the five forces analysis covers – 

• Bargaining power of buyers 
• The threat of new entrants
• Threat of rivalry
• Bargaining power of suppliers
• Threat of substitutes
• For interpretation of Porter's five forces model – buy the report!

Global consumer drones market – Customer landscape 

The report includes the market's adoption lifecycle, from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global consumer drones market - Segmentation assessment

Segment overview
Technavio has segmented the market based on products (multirotor, fixed wing, and single rotor) and distribution channels (offline and online). 

• The multirotor segment will grow at a high rate during the forecast period. Multirotor drones are popular among hobbyists and professionals. Some of the applications of these drones are aerial photography, video surveillance, and surveying. Multirotor drones can send small cameras in the air for a relatively short period of time, and the user has control over positioning and framing. They are also easy to manufacture and economical to fly. The growth of the multi-rotor drone segment is driven by factors such as rising demand from consumers and civic applications.

Geography Overview
Based on geography, the global consumer drone market is segmented into North America, APAC, Europe, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global consumer drone market.

• North America is estimated to account for 36% of the growth of the global market during the forecast period. The region is the largest operator of drones globally. The US, Canada, and Mexico are the key leading countries in the market. The military, defense, and commercial segments are contributing to market growth in the US. In addition, many vendors are launching drones with advanced technologies, which will drive the market during the forecast period, Download a sample report

Global consumer drones market – Market dynamics

Key factor driving market growth

• The growing number of acquisitions and partnerships is driving the market growth.
• Due to intense competition, vendors are entering into strategic partnerships and acquisitions with market players such as software vendors, technology vendors, hardware vendors, product designers, and platform vendors.
• Strategic alliances and acquisitions help vendors develop improved products, expand geographic reach, and gain technical expertise.
• Such strategic partnerships and acquisitions between suppliers will have a positive impact on the growth of the global drone market during the forecast period.

Leading trends influencing the market 

• Virtual reality experience through drones is a key trend in the market.
• The use of virtual reality applications is increasing on digital platforms to provide interactive and immersive experiences.
• The use of products such as Google Cardboard and Oculus Rift during the forecast period will provide vendors an opportunity to tap into the market potential.
• This, in turn, will strengthen the market significantly during the forecast period.

Major challenges hindering market growth

• Limitations associated with consumer camera drones are challenging the market growth. For example, an intruder can shoot down, capture, and disable the drone
• Moreover, the high cost of consumer camera drones makes the purchase highly expensive.
• In addition, government permits and logistics may be expensive or time-consuming, depending upon the set guidelines.
•  Thus, the limitations associated with these products will hamper the market growth during the forecast period.

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find some insights from a sample report!

What are the key data covered in this consumer drones market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the consumer drones market between 2023 and 2027
• Precise estimation of the size of the consumer drones market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the consumer drones market across North America, APAC, Europe, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of consumer drones market vendors

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Table of contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Distribution Channel
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global consumer drones market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global consumer drones market 2017 - 2021 ($ million)

• 4.2 Product Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ million)

• 4.3 Distribution Channel Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Distribution Channel Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product

• 6.1 Market segments 
• Exhibit 30: Chart on Product - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Product - Market share 2022-2027 (%)

• 6.2 Comparison by Product 
• Exhibit 32: Chart on Comparison by Product
• Exhibit 33: Data Table on Comparison by Product

• 6.3 Multirotor - Market size and forecast 2022-2027
• Exhibit 34: Chart on Multirotor - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Multirotor - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Multirotor - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Multirotor - Year-over-year growth 2022-2027 (%)

• 6.4 Fixed wing - Market size and forecast 2022-2027
• Exhibit 38: Chart on Fixed wing - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Fixed wing - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Fixed wing - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Fixed wing - Year-over-year growth 2022-2027 (%)

• 6.5 Single rotor - Market size and forecast 2022-2027
• Exhibit 42: Chart on Single rotor - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Single rotor - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Single rotor - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Single rotor - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Product 
• Exhibit 46: Market opportunity by Product ($ million)

7 Market Segmentation by Distribution Channel

• 7.1 Market segments 
• Exhibit 47: Chart on Distribution Channel - Market share 2022-2027 (%)
• Exhibit 48: Data Table on Distribution Channel - Market share 2022-2027 (%)

• 7.2 Comparison by Distribution Channel 
• Exhibit 49: Chart on Comparison by Distribution Channel
• Exhibit 50: Data Table on Comparison by Distribution Channel

• 7.3 Offline - Market size and forecast 2022-2027
• Exhibit 51: Chart on Offline - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Offline - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Offline - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Offline - Year-over-year growth 2022-2027 (%)

• 7.4 Online - Market size and forecast 2022-2027
• Exhibit 55: Chart on Online - Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Online - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Online - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Online - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Distribution Channel
• Exhibit 59: Market opportunity by Distribution Channel ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 61: Chart on Market share by geography 2022-2027 (%)
• Exhibit 62: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 63: Chart on Geographic comparison
• Exhibit 64: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 65: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 66: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 67: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 68: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 APAC - Market size and forecast 2022-2027
• Exhibit 69: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027
• Exhibit 73: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 77: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 81: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 85: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
• Exhibit 89: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 France - Market size and forecast 2022-2027
• Exhibit 93: Chart on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on France - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on France - Year-over-year growth 2022-2027 (%)

• 9.11 UK - Market size and forecast 2022-2027
• Exhibit 97: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.12 Switzerland - Market size and forecast 2022-2027
• Exhibit 101: Chart on Switzerland - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on Switzerland - Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on Switzerland - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on Switzerland - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 105: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 106: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 107: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 108: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 109: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 110: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 111: Matrix on vendor position and classification

• 12.3 Autel Robotics Co. Ltd. 
• Exhibit 112: Autel Robotics Co. Ltd. - Overview
• Exhibit 113: Autel Robotics Co. Ltd. - Product / Service
• Exhibit 114: Autel Robotics Co. Ltd. - Key offerings

• 12.4 Eachine 
• Exhibit 115: Eachine - Overview
• Exhibit 116: Eachine - Product / Service
• Exhibit 117: Eachine - Key offerings

• 12.5 EHang Holdings Ltd. 
• Exhibit 118: EHang Holdings Ltd. - Overview
• Exhibit 119: EHang Holdings Ltd. - Product / Service
• Exhibit 120: EHang Holdings Ltd. - Key news
• Exhibit 121: EHang Holdings Ltd. - Key offerings

• 12.6 GoPro Inc. 
• Exhibit 122: GoPro Inc. - Overview
• Exhibit 123: GoPro Inc. - Product / Service
• Exhibit 124: GoPro Inc. - Key offerings

• 12.7 Guangdong Aircraft Industrial Co. Ltd.
• Exhibit 125: Guangdong Aircraft Industrial Co. Ltd. - Overview
• Exhibit 126: Guangdong Aircraft Industrial Co. Ltd. - Product / Service
• Exhibit 127: Guangdong Aircraft Industrial Co. Ltd. - Key offerings

• 12.8 Guangzhou Walkera Technology Co. Ltd. 
• Exhibit 128: Guangzhou Walkera Technology Co. Ltd. - Overview
• Exhibit 129: Guangzhou Walkera Technology Co. Ltd. - Product / Service
• Exhibit 130: Guangzhou Walkera Technology Co. Ltd. - Key offerings

• 12.9 Horizon Hobby LLC 
• Exhibit 131: Horizon Hobby LLC - Overview
• Exhibit 132: Horizon Hobby LLC - Product / Service
• Exhibit 133: Horizon Hobby LLC - Key offerings

• 12.10 Jianjian Technology Co. Ltd. 
• Exhibit 134: Jianjian Technology Co. Ltd. - Overview
• Exhibit 135: Jianjian Technology Co. Ltd. - Product / Service
• Exhibit 136: Jianjian Technology Co. Ltd. - Key offerings

• 12.11 Parrot Drones SAS 
• Exhibit 137: Parrot Drones SAS - Overview
• Exhibit 138: Parrot Drones SAS - Product / Service
• Exhibit 139: Parrot Drones SAS - Key offerings

• 12.12 PrecisionHawk Inc. 
• Exhibit 140: PrecisionHawk Inc. - Overview
• Exhibit 141: PrecisionHawk Inc. - Product / Service
• Exhibit 142: PrecisionHawk Inc. - Key offerings

• 12.13 Shenzhen Hubsan Technology Co. Ltd. 
• Exhibit 143: Shenzhen Hubsan Technology Co. Ltd. - Overview
• Exhibit 144: Shenzhen Hubsan Technology Co. Ltd. - Product / Service
• Exhibit 145: Shenzhen Hubsan Technology Co. Ltd. - Key offerings

• 12.14 Skydio Inc. 
• Exhibit 146: Skydio Inc. - Overview
• Exhibit 147: Skydio Inc. - Product / Service
• Exhibit 148: Skydio Inc. - Key offerings

• 12.15 Skytech Drone sp zoo 
• Exhibit 149: Skytech Drone sp zoo - Overview
• Exhibit 150: Skytech Drone sp zoo - Product / Service
• Exhibit 151: Skytech Drone sp zoo - Key offerings

• 12.16 SZ DJI Technology Co. Ltd. 
• Exhibit 152: SZ DJI Technology Co. Ltd. - Overview
• Exhibit 153: SZ DJI Technology Co. Ltd. - Product / Service
• Exhibit 154: SZ DJI Technology Co. Ltd. - Key offerings

• 12.17 Yuneec International Co. Ltd. 
• Exhibit 155: Yuneec International Co. Ltd. - Overview
• Exhibit 156: Yuneec International Co. Ltd. - Product / Service
• Exhibit 157: Yuneec International Co. Ltd. - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 158: Inclusions checklist
• Exhibit 159: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 160: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 161: Research methodology
• Exhibit 162: Validation techniques employed for market sizing
• Exhibit 163: Information sources

• 13.5 List of abbreviations 
• Exhibit 164: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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