The value of the consumer drones market was around $3,523 million in 2021, and it is projected to grow at the rate of around 14% in the future, to reach around $11,663 by 2030. The demand for drones for recreational and commercial activities is growing. Also, the usage of these equipment in businesses has increased in different sectors because of features like data analytics and drive efficiency.
The unmanned aerial vehicle has less human involvement, it is cost-efficient and saves time. They are very useful in making collaborative 3D models and 3D maps, some places where humans cannot reach or are difficult to reach, places struck by manmade and natural disasters, warzones or areas affected by earthquake, flood, tornados. Drones and very useful for governments to plan their disaster management programs.
North America held the largest market share in the recent past. This was credited to the presence of more people who are more aware of the drone applications, compared to other regions. Moreover, the enhancement in technologies such as crash avoidance and geofencing makes it safe. These enhancements has led to the increasing adoption of these UAV systems in the North America.
The APAC consumer drones market will grow at the highest rate of 15% in the near future. It is because of the rise in demand of UVAs in India, China and Japan. Moreover, China is also planning the construction of UVA manufacturing plants for satisfying the growing need for drones.
Due to the compact size, drones are easy to use and also an economical option for professionals. They can also take-off and land vertically , which can be very helpful in densely populated areas. These can take pictures accurately form the air and can send data securely. This lowers the chance of any accident for team members.
Multi-rotor category held the largest market share, because aerial videography and photography needs multi-rotor UAVs, as this feature is not available in other variants. In addition, due to their higher payload capacity, drones can be used for numerous purposes.
Due to ongoing technology advancements, new drone models can fly at a higher range, faster speed. Navigation systems can be linked to the mobile phone making it safe, and efficient, and can be controlled easily. Such features help the drones to be more efficient and effective in operations.
Nowadays people also use drones for racing. In addition, many drone racing tournament are organized these days, attracting many tech enthusiasts. In these tournaments drones fly at a higher altitude and take sharp turns.
The ability of reaching to remote places, compact size and light weight are some of the major factors driving the industry.
