Global Consumer Drones Market to Witness 28.1% CAGR During 2016 - 2022: P&S Market Research

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Oct 03, 2016, 09:30 ET

NEW YORK, October 3, 2016 /PRNewswire/ --

According to market research "Global Consumer Drones Market Size, Share, Development, Growth and Demand Forecast to 2022 - Industry Insights by Product (Multi-Rotor Drones, Nano Drones, Others), by End-User (Prosumer, Hobbyist, Photogrammetry Professionals)" by P&S Market Research, the global consumer drones market is expected to grow at a CAGR of 28.1% during 2016 - 2022. Among the various types, the multi-rotor segment held the largest share in the global consumer drones market in 2015.

The global consumer drones market is being driven by the increasing consumer interest in drone technology and its surging applications. The other factors driving the growth of the market include increasing demand for compact drones and increasing utility of drones embedded with augmented and virtual reality tools. The key opportunities witnessed in the global consumer drones market include growing demand for compact drones, increasing demand for consumer drones with virtual and augmented reality and growing eminence of racing drones.

Access Report Description with Detailed TOC on "Global Consumer Drones Market" at: https://www.psmarketresearch.com/market-analysis/consumer-drones-market

The demand for compact drones has been observed to increase in the recent past. The pocket drones and three-rotor aerial vehicle folds up to fit in a backpack. Despite being small in size, its three independent propeller motors are powerful enough to carry a GoPro camera. These small easily portable flying robot goes everywhere with the pilot to capture overhead imagery on demand.

AirDroids have been emerging, as one of the prominent vendors for compact consumer drones. The compact drone manufactured by the company is known as Pocket Drone, which an inexpensive flying machine meant to give people of all stripes a different perspective. Pocket Drone is also the world's first multicopter. This drone is powerful and carries a high quality action camera and folds up smaller than a tablet.

The demand for virtual reality (VR) and augmented reality (AR) is expected to increase at the consumer and organizational levels respectively. The consumer drones offer virtual reality applications embedded within them and provide advanced features with the help of that application.

Generally, all the major companies are embedding their drones with the HD cameras. Recently, the drones with virtual reality having 360-degree cameras are emerging into the market; and steadily virtual reality is expected to become the norm for drones.

The applications that run under augmented reality are likely to reduce worker's reliance on laptops and tablets, where they are cumbersome to use. AR glasses enable field service technicians with a hands-free solution that provides access to visualizations of job-critical information and expert knowledge. AR glasses add imagery to the existing environment that is not otherwise present. SAP has already led the field here. For instance, Parrot SA and its technological partners offer AR.Drone2.0 users with a wide-range of compatibility for its piloting application with new peripherals and connected systems. With the use of such technologies, the consumer experience in the industry is expected to enhance.

The key companies operating in the global consumer drones market include DJI Innovations, Parrot SA, 3D Robotics, Shenzhen Hubsan Intelligent Co. Ltd., Blade LLC, JJRC Toy Co. Ltd., Syma Toys Industrial Co. Ltd., Walkera Technology Co. Ltd, Guangdong Cheerson, Hobby Technology Company Limited, and Hobbico Inc.

Global Consumer Drones Market Segmentation

By Product

Multi-Rotor Drones
Nano Drones
Others

By End-User

Prosumer
Hobbyist
Photogrammetry Professionals

GEOGRAPHICAL SEGMENTATION

By Region

North America
- U.S.
- Canada
- Rest of North America
Europe
- U.K.
- Germany
- France
- Italy
- Spain
- Russia
- Poland
- Sweden
- Switzerland
- Rest of Europe
Asia-Pacific
- China
- Japan
- Australia
- South Korea
- Rest of Asia-Pacific
Rest of the World (RoW)
- Brazil
- Mexico
- Rest of RoW

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SOURCE P&S Market Research