Global Consumer Drones Market (Size of $389.7 million in 2015) Expected to Witness 28.1% CAGR During 2016 – 2022

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.
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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 information and data in the publication “Global Consumer Drones Market Size, Share, Development, Growth and Demand Forecast to 2022” represent the research and analysis of data from various primary and secondary sources. Bottom-up approach has been used to calculate the global consumer drones market by product, end-user, and geography. P&S Market Research analysts and consultants interact with leading companies of the concerned domain to substantiate every value of data presented in the report. The company bases its primary research on discussions with prominent professionals and analysts in the industry, which is followed by informed and detailed, online and offline research.
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.
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