Consumer Drones Market: APAC held 53% in 2022, Offline segment to grow at the highest rate - Technavio

NEW YORK, Nov. 29, 2022 /PRNewswire/ -- The consumer drones market report is a comprehensive research that provides in-depth qualitative and quantitative intelligence. Technavio's analysts estimate a market share growth of USD 22.26 Billion from 2022 to 2027, at a CAGR of 28.66%. Technavio has extensively analyzed 15 major vendors including 3D Robotics Inc., AeroVironment Inc., Autel Intelligent Technology Co., DELAIR SAS, EHang Holdings Ltd., Guangzhou Walkera Technology Co. Ltd., Horizon Hobby LLC, Hubsan, Parrot SA, PrecisionHawk Inc., Shenzhen Zero UAV Tech. Co. Ltd., Skydio Inc., SZ DJI Technology Co. Ltd., Teledyne FLIR LLC, Yuneec International Co. Ltd. This research report aims to capture and analyze the trends, drivers, and challenges that are evolving in the market.

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Consumer Drones Market: Segmentation Analysis

Technavio has segmented the consumer drone market based on Distribution Channel (offline and online), Product (multirotor, fixed wing, and single rotor), and Geography (APAC, North America, Europe, Middle East and Africa, and South America). The report provides a comprehensive analysis on growth opportunities at regional levels, new product launches, the latest trends, and the post-pandemic recovery of the global market.

• APAC held a 53% share of the global consumer drone market in 2022. The market in the region is estimated to grow at the fastest pace during the forecast period. The increasing adoption of consumer drones for recreational purposes and aerial photography and the emergence of low-cost consumer drone manufacturers will drive the consumer drone market growth in APAC over the forecast period.
• The offline segment will grow at the highest rate during the forecast period. Business expansions and the proliferation of hypermarkets, supermarkets, and departmental stores of major retailers are increasing the sales of consumer drones in offline channels.  The segment growth is also driven by the convenience of shopping and attractive discounts and schemes offered by offline retailers.

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Competitive Analysis

The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, among others. Buy the Report

Key factor driving market growth

• The advancement in sensors and the emergence of low-cost drones are the key factors driving the consumer drone market growth. Vendors are incorporating more intelligent and connected sensors to improve the capabilities of their products. They are equipping consumer drones with GPS, inertial, image, and ultrasound-based range sensors to improve overall functionality.
• Vendors are also focusing on introducing drones at lower prices. The demand for these drones is increasing among beginners, who are yet to get acquainted with the technology and features of consumer drones. These drones require no requirement of registration from FAA, are backed with 720p HD cameras with satisfactory stability, and are compatible with VR headsets.
• The rising focus on the introduction of both technologically advanced and low-cost consumer drones among vendors will be crucial in driving the growth of the market during the forecast period.

Leading trends influencing the market

• The availability of affordable consumer drones is one of the key consumer drones market trends fueling the market growth. The market is witnessing an increase in the number of new entrants focusing on the development of inexpensive advanced drones.
• The mass production of electronic goods, especially in China has led to a consistent drop in electronic components. This has reduced the overall price of consumer drones.
• The decreasing prices of drones coupled with the rise in per capita income have increased the trend of buying drones among consumers for recreational activities, which is driving the growth of the market in focus.

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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 2022 and 2026
• 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 industry across APAC, North America, Europe, Middle East and Africa, and South America
• 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 Distribution Channel
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
• 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 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 14: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary 
• Exhibit 18: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 19: Bargaining power of buyers – Impact of key factors in 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry 
• Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition 
• Exhibit 24: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Distribution Channel

• 5.1 Market segments 
• Exhibit 25: Chart on Distribution Channel - Market share 2021-2026 (%)
• Exhibit 26: Data Table on Distribution Channel - Market share 2021-2026 (%)

• 5.2 Comparison by Distribution Channel 
• Exhibit 27: Chart on Comparison by Distribution Channel
• Exhibit 28: Data Table on Comparison by Distribution Channel

• 5.3 Offline - Market size and forecast 2021-2026
• Exhibit 29: Chart on Offline - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Data Table on Offline - Market size and forecast 2021-2026 ($ million)
• Exhibit 31: Chart on Offline - Year-over-year growth 2021-2026 (%)
• Exhibit 32: Data Table on Offline - Year-over-year growth 2021-2026 (%)

• 5.4 Online - Market size and forecast 2021-2026
• Exhibit 33: Chart on Online - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Data Table on Online - Market size and forecast 2021-2026 ($ million)
• Exhibit 35: Chart on Online - Year-over-year growth 2021-2026 (%)
• Exhibit 36: Data Table on Online - Year-over-year growth 2021-2026 (%)

• 5.5 Market opportunity by Distribution Channel
• Exhibit 37: Market opportunity by Distribution Channel ($ million)

6 Market Segmentation by Product

• 6.1 Market segments 
• Exhibit 38: Chart on Product - Market share 2021-2026 (%)
• Exhibit 39: Data Table on Product - Market share 2021-2026 (%)

• 6.2 Comparison by Product 
• Exhibit 40: Chart on Comparison by Product
• Exhibit 41: Data Table on Comparison by Product

• 6.3 Multirotor - Market size and forecast 2021-2026
• Exhibit 42: Chart on Multirotor - Market size and forecast 2021-2026 ($ million)
• Exhibit 43: Data Table on Multirotor - Market size and forecast 2021-2026 ($ million)
• Exhibit 44: Chart on Multirotor - Year-over-year growth 2021-2026 (%)
• Exhibit 45: Data Table on Multirotor - Year-over-year growth 2021-2026 (%)

• 6.4 Fixed wing - Market size and forecast 2021-2026
• Exhibit 46: Chart on Fixed wing - Market size and forecast 2021-2026 ($ million)
• Exhibit 47: Data Table on Fixed wing - Market size and forecast 2021-2026 ($ million)
• Exhibit 48: Chart on Fixed wing - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on Fixed wing - Year-over-year growth 2021-2026 (%)

• 6.5 Single rotor - Market size and forecast 2021-2026
• Exhibit 50: Chart on Single rotor - Market size and forecast 2021-2026 ($ million)
• Exhibit 51: Data Table on Single rotor - Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Chart on Single rotor - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on Single rotor - Year-over-year growth 2021-2026 (%)

• 6.6 Market opportunity by Product 
• Exhibit 54: Market opportunity by Product ($ million)

7 Customer Landscape

• 7.1 Customer landscape overview 
• Exhibit 55: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8 Geographic Landscape

• 8.1 Geographic segmentation 
• Exhibit 56: Chart on Market share by geography 2021-2026 (%)
• Exhibit 57: Data Table on Market share by geography 2021-2026 (%)

• 8.2 Geographic comparison 
• Exhibit 58: Chart on Geographic comparison
• Exhibit 59: Data Table on Geographic comparison

• 8.3 APAC - Market size and forecast 2021-2026
• Exhibit 60: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 61: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 62: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 63: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 8.4 North America - Market size and forecast 2021-2026
• Exhibit 64: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 65: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 66: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 67: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 8.5 Europe - Market size and forecast 2021-2026
• Exhibit 68: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 69: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 70: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 71: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 8.6 Middle East and Africa - Market size and forecast 2021-2026 
• Exhibit 72: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 73: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 74: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 75: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 8.7 South America - Market size and forecast 2021-2026
• Exhibit 76: Chart on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 77: Data Table on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 78: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 79: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 8.8 China - Market size and forecast 2021-2026
• Exhibit 80: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 81: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 82: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 83: Data Table on China - Year-over-year growth 2021-2026 (%)

• 8.9 US - Market size and forecast 2021-2026 
• Exhibit 84: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 85: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 86: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 87: Data Table on US - Year-over-year growth 2021-2026 (%)

• 8.10 France - Market size and forecast 2021-2026
• Exhibit 88: Chart on France - Market size and forecast 2021-2026 ($ million)
• Exhibit 89: Data Table on France - Market size and forecast 2021-2026 ($ million)
• Exhibit 90: Chart on France - Year-over-year growth 2021-2026 (%)
• Exhibit 91: Data Table on France - Year-over-year growth 2021-2026 (%)

• 8.11 Switzerland - Market size and forecast 2021-2026
• Exhibit 92: Chart on Switzerland - Market size and forecast 2021-2026 ($ million)
• Exhibit 93: Data Table on Switzerland - Market size and forecast 2021-2026 ($ million)
• Exhibit 94: Chart on Switzerland - Year-over-year growth 2021-2026 (%)
• Exhibit 95: Data Table on Switzerland - Year-over-year growth 2021-2026 (%)

• 8.12 Germany - Market size and forecast 2021-2026
• Exhibit 96: Chart on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 97: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 98: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 99: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 8.13 Market opportunity by geography 
• Exhibit 100: Market opportunity by geography ($ million)

9 Drivers, Challenges, and Trends

• 9.1 Market drivers

• 9.2 Market challenges

• 9.3 Impact of drivers and challenges 
• Exhibit 101: Impact of drivers and challenges in 2021 and 2026

• 9.4 Market trends

10 Vendor Landscape

• 10.1 Overview

• 10.2 Vendor landscape 
• Exhibit 102: Overview on Criticality of inputs and Factors of differentiation

• 10.3 Landscape disruption 
• Exhibit 103: Overview on factors of disruption

• 10.4 Industry risks 
• Exhibit 104: Impact of key risks on business

11 Vendor Analysis

• 11.1 Vendors covered 
• Exhibit 105: Vendors covered

• 11.2 Market positioning of vendors 
• Exhibit 106: Matrix on vendor position and classification

• 11.3 DELAIR SAS 
• Exhibit 107: DELAIR SAS - Overview
• Exhibit 108: DELAIR SAS - Product / Service
• Exhibit 109: DELAIR SAS - Key offerings

• 11.4 EHang Holdings Ltd. 
• Exhibit 110: EHang Holdings Ltd. - Overview
• Exhibit 111: EHang Holdings Ltd. - Product / Service
• Exhibit 112: EHang Holdings Ltd. - Key news
• Exhibit 113: EHang Holdings Ltd. - Key offerings

• 11.5 Horizon Hobby LLC 
• Exhibit 114: Horizon Hobby LLC - Overview
• Exhibit 115: Horizon Hobby LLC - Product / Service
• Exhibit 116: Horizon Hobby LLC - Key offerings

• 11.6 Hubsan 
• Exhibit 117: Hubsan - Overview
• Exhibit 118: Hubsan - Product / Service
• Exhibit 119: Hubsan - Key offerings

• 11.7 Parrot SA 
• Exhibit 120: Parrot SA - Overview
• Exhibit 121: Parrot SA - Product / Service
• Exhibit 122: Parrot SA - Key offerings

• 11.8 PrecisionHawk Inc. 
• Exhibit 123: PrecisionHawk Inc. - Overview
• Exhibit 124: PrecisionHawk Inc. - Product / Service
• Exhibit 125: PrecisionHawk Inc. - Key offerings

• 11.9 Shenzhen Zero UAV Tech. Co. Ltd. 
• Exhibit 126: Shenzhen Zero UAV Tech. Co. Ltd. - Overview
• Exhibit 127: Shenzhen Zero UAV Tech. Co. Ltd. - Product / Service
• Exhibit 128: Shenzhen Zero UAV Tech. Co. Ltd. - Key offerings

• 11.10 SZ DJI Technology Co. Ltd. 
• Exhibit 129: SZ DJI Technology Co. Ltd. - Overview
• Exhibit 130: SZ DJI Technology Co. Ltd. - Product / Service
• Exhibit 131: SZ DJI Technology Co. Ltd. - Key offerings

• 11.11 Yuneec International Co. Ltd. 
• Exhibit 132: Yuneec International Co. Ltd. - Overview
• Exhibit 133: Yuneec International Co. Ltd. - Product / Service
• Exhibit 134: Yuneec International Co. Ltd. - Key offerings

• 11.12 ZEROTECH Intelligence Technology Co. Ltd.
• Exhibit 135: ZEROTECH Intelligence Technology Co. Ltd. - Overview
• Exhibit 136: ZEROTECH Intelligence Technology Co. Ltd. - Product / Service
• Exhibit 137: ZEROTECH Intelligence Technology Co. Ltd. - Key offerings

12 Appendix

• 12.1 Scope of the report

• 12.2 Inclusions and exclusions checklist 
• Exhibit 138: Inclusions checklist
• Exhibit 139: Exclusions checklist

• 12.3 Currency conversion rates for US$ 
• Exhibit 140: Currency conversion rates for US$

• 12.4 Research methodology 
• Exhibit 141: Research methodology
• Exhibit 142: Validation techniques employed for market sizing
• Exhibit 143: Information sources

• 12.5 List of abbreviations 
• Exhibit 144: List of abbreviations

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides 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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