What is Global Consumer Grade Drone Market?
The Global Consumer Grade Drone Market is a vast and dynamic sector that encompasses a wide range of consumer-oriented drones. These drones, which are essentially unmanned aerial vehicles, are designed for use by ordinary individuals, not just professionals or businesses. The market includes various types of drones, from simple toy drones for children to more advanced models for adults with features like high-resolution cameras and GPS navigation. The market's value was estimated at US$ 8898 million in 2023, and it's projected to grow significantly in the coming years. The increasing popularity of drones for recreational and personal use, coupled with technological advancements and decreasing prices, are key factors driving this market growth.
Quadrotor, Multi-rotor in the Global Consumer Grade Drone Market:
The Global Consumer Grade Drone Market is segmented into different types based on their design and functionality. Two of the most common types are Quadrotor and Multi-rotor drones. Quadrotor drones, as the name suggests, have four rotors. They are known for their stability and maneuverability, making them popular for aerial photography and videography. On the other hand, Multi-rotor drones can have more than four rotors. These drones are typically more powerful and capable of carrying heavier payloads. They are often used for professional applications like surveying and mapping. Both Quadrotor and Multi-rotor drones have seen significant advancements in recent years, with improvements in battery life, range, and autonomous capabilities.
Aerial, Play, Others in the Global Consumer Grade Drone Market:
Drones from the Global Consumer Grade Drone Market are used in various ways. Aerial usage is one of the most common, with drones being used to capture stunning aerial photos and videos. This has become particularly popular among travelers and adventure enthusiasts who use drones to document their experiences from unique perspectives. Drones are also used for play, with many models designed specifically for this purpose. These drones are typically smaller and more durable, making them suitable for children and beginners. Other uses of drones include surveying and mapping, wildlife monitoring, and even drone racing. The versatility of drones is one of the key factors contributing to their growing popularity among consumers.
Global Consumer Grade Drone Market Outlook:
Looking at the market outlook, the Global Consumer Grade Drone Market is set for substantial growth. In 2023, the market was valued at US$ 8898 million. However, it's not just going to stop there. The market is expected to more than double, reaching a staggering US$ 20460 million by 2030. This represents a compound annual growth rate (CAGR) of 12.2% during the forecast period from 2024 to 2030. This growth is driven by several factors, including technological advancements, decreasing prices, and increasing consumer interest in drones.
| Report Metric | Details |
| Report Name | Consumer Grade Drone Market |
| Accounted market size in 2023 | US$ 8898 million |
| Forecasted market size in 2030 | US$ 20460 million |
| CAGR | 12.2% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | GDU, DJI, XAG, ChinaRSGeoinformaticsCo.,Ltd, PowerVision, Parrot, AscTec(Intel), Microdrones, EHANG |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
