Multiple applications in several end-user industries propel Consumer Drones Market

1. Consumer Drones Market predicted to grow at a CAGR above 20% in future Multiple applications in several end-user industries propel Consumer Drones Market North America held the lion’s share in the Global Consumer Drones Market Market Overview Global Consumer Drones Market is anticipated to reach around USD 17.5 billion by 2025, recording the CAGR of more than 20%. Earlier these drones were only used for industrial and defense purposes, making it unknown to regular consumers. Since some time now, because of the awareness of these drones among people, they are getting noticed by many other industries like photography, film, e-commerce, and others. Also, due to the rising usage of these drones in various industries and for purposes, is estimated to grow tremendously. Because of the demand in consumers, for drones, their manufacturers are also initiated to expand their application portfolio to adjust for each and every consumer. And the advancements in drone technologies and the skill when they are getting used are boosting the consumer drones market. Recent developments • Volocopter GmbH has announced that it is going to open a landing facility in Singapore later this year for trial flights. At the same time, Austria’s FAGG AC is trying to produce passenger drones for Chinese partner Ehang, Inc. by the end of next year. • Autel Robotics has launched its new Autel Evo 2 drone at CES event 2020, which can be available by three different variations that include up to 8K video and a thermal camera option. Market drivers and restraints The wide range of applications of these drones in various industries is one of the growth factors of the global consumer drone market. Adoption of the drone in the photography industry by photographers to capture moments with ease is affecting the market in a positive way coupled with cinematographers adopting these drones to film a video made their work easier and perfect which tends to drive the market. Advancements in developing these drones made them improve their portfolio and widened applications of these drones, which enabled the consumer to give attention to them to own them according to their needs. Stringent rules of the governments in various countries like flying heights as such and the complexities involved in the licensing process to operate a drone are the significant challenges faced by the consumer drone market. Further, the lack of skilled technicians for maintaining these drones is letting down the consumer drone market. Report Segmented as Consumer Drone Market Analysis - By Technology • Multi-Rotor Drone • Nano Drones • Fixed Wing • Hybrid Drone Consumer Drone Market Analysis - By Technology

2. • Remotely Automated Drone • Semi-Automated Drone • Autonomous Drone Geographical Analysis • North America • Europe • Asia-Pacific • South America • Middle East & Africa In the regional analysis, North America is holding a huge market share and is expected to continue its growth during the forecast period, owing to the increasing capital incomes of both developed and developing economies in this region. Key market players 1. 3D Robotics, Inc. 2. SZ DJI Technology Co., Ltd. 3. Autel Robotics 4. EHang, Inc. 5. Parrot Drones SAS 6. Yuneec International Co. Ltd. 7. Hobbico, Inc. 8. Guangdong Cheerson Hobby Technology Co.,Ltd 9. Horizon Hobby 10. LLC and Mota Group, Inc.