The Consumer Drones Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Consumer Drones Global Market Report 2024, The consumer drones market size has grown rapidly in recent years. It will grow from $5.72 billion in 2023 to $6.77 billion in 2024 at a compound annual growth rate (CAGR) of 18.2%. The growth in the historic period can be attributed to growing community, use cases diversification, remote sensing and surveillance, autonomous and ai features.
The consumer drones market size is expected to see strong growth in the next few years. It will grow to $9.25 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to e-commerce and delivery, environmental and agricultural applications, drone swarms, connectivity and data sharing. Major trends in the forecast period include improved battery technology, noise reduction, advanced camera technology, technological advancements.
Growing demand in agriculture is expected to propel the growth of the consumer drone market in the future. Agriculture refers to the science, art, or practice of cultivating the soil, growing crops, and raising livestock. Consumer drones are helpful for agriculture by providing farmers with detailed information about their crops and livestock, allowing them to make better decisions and optimize their operations. For instance, according to the California Department of Food and Agriculture, a US-based government agency, in 2022, California’s farms and ranches received $55.9 billion in cash receipts for their output. This represents an 8.8% increase in cash receipts compared to the previous year. California agricultural exports totaled $22.5 billion in 2021, an increase of 7% from 2020. Thus, the growing demand in agriculture is driving the consumer drone market.
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The consumer drones market covered in this report is segmented
1) By Type: Fixed Wing Drone; Rotary Blade Drone; Hybrid Drone
2) By Technology: Remotely Operated Drone; Semi-Autonomous Drone; Autonomous Drone
3) By Application: Hobbyist & Gaming; Aerial Photography; Others
The consumer drones market report table of contents includes:
1. Executive Summary
2. Consumer Drones Market Characteristics
3. Consumer Drones Market Trends And Strategies
4. Consumer Drones Market – Macro Economic Scenario
5. Global Consumer Drones Market Size and Growt
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26. South America Consumer Drones Market
27. Brazil Consumer Drones Market
28. Middle East Consumer Drones Market
29. Africa Consumer Drones Market
30. Consumer Drones Market Competitive Landscape And Company Profiles
Top Major Players:
- GE Healthcare
- Koninklijke Philips N.V
- Hitachi Ltd
- Siemens Healthineers
- Canon Medical Systems Corporation
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