Consumer Drones Market Is Growing at a CAGR of 28.1% During 2018 – 2022; Consumer Drones Market Opportunities and Demand by 2022 – iCrowdNewswire
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Jul 13, 2018 12:03 PM ET

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Consumer Drones Market Is Growing at a CAGR of 28.1% During 2018 – 2022; Consumer Drones Market Opportunities and Demand by 2022

iCrowdNewswire - Jul 13, 2018

The global consumer drones market is expected to grow at a CAGR of 28.1% forecast to 2022. Among the various types, the multi-rotor segment held the largest share in the global consumer drones market.

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Image result for Consumer DronesThe 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. The demand for compact drones has been observed to increase in the recent past. The pocket drones and three-rotor aerial vehicle folds up to fit in a backpack. Despite being small in size, its three independent propeller motors are powerful enough to carry a GoPro camera. These small easily portable flying robot goes everywhere with the pilot to capture overhead imagery on demand.

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.

The applications that run under augmented reality are likely to reduce worker’s reliance on laptops and tablets, where they are cumbersome to use. AR glasses enable field service technicians with a hands-free solution that provides access to visualizations of job-critical information and expert knowledge. AR glasses add imagery to the existing environment that is not otherwise present. SAP has already led the field here. For instance, Parrot SA and its technological partners offer AR.Drone2.0 users with a wide-range of compatibility for its piloting application with new peripherals and connected systems. With the use of such technologies, the consumer experience in the industry is expected to enhance.

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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Keywords: consumer, Consumer Drones Market Trends, Consumer Drones Market Growth, consumer drones market, consumer drones market size, consumer drones market share, consumer drones market demand, Consumer Drones Market Opportunities, Consumer Drones Market Outlook
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