DUBLIN--(BUSINESS WIRE)--The "Consumer Drones - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Consumer Drones Market to Reach US$11.1 Billion by the Year 2027
Amid the COVID-19 crisis, the global market for Consumer Drones estimated at US$3 Billion in the year 2020, is projected to reach a revised size of US$11.1 Billion by 2027, growing at a CAGR of 20.8% over the analysis period 2020-2027.
Rotary Wing Drone, one of the segments analyzed in the report, is projected to grow at a 21.4% CAGR to reach US$9.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Fixed Wing Drone segment is readjusted to a revised 19.1% CAGR for the next 7-year period. This segment currently accounts for a 7.5% share of the global Consumer Drones market.
The U.S. Accounts for Over 29.7% of Global Market Size in 2020, While China is Forecast to Grow at a 20% CAGR for the Period of 2020-2027
The Consumer Drones market in the U.S. is estimated at US$877.6 Million in the year 2020. The country currently accounts for a 29.68% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$1.9 Billion in the year 2027 trailing a CAGR of 20% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 18.7% and 18% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 15.2% CAGR while Rest of European market (as defined in the study) will reach US$1.9 Billion by the year 2027.
Hybrid Drone Segment Corners a 8.2% Share in 2020
In the global Hybrid Drone segment, USA, Canada, Japan, China and Europe will drive the 15.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$194.7 Million in the year 2020 will reach a projected size of US$526.4 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.4 Billion by the year 2027.
We bring years of research experience to this 7th edition of the report. The 115-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others:
- 3D Robotics, Inc. (3DR)
- Autel Robotics
- Guangdong Cheerson Hobby Technology Co. Ltd.
- Guangzhou EHang Intelligent Technology Co. Ltd.
- Horizon Hobby LLC
- Mota Group, Inc.
- Parrot SA
- SkyTech Drones Sp. z.o.o.
- SZ DJI Technology Co. Ltd.
- Yuneec International Company Limited
Key Topics Covered
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Global Competitor Market Shares
- Consumer Drones Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
- Impact of COVID-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
- Total Companies Profiled: 47
For more information about this report visit https://www.researchandmarkets.com/r/l1el27