Market Insights report
Drones, such as Consumer drones, Prosumer drones and Hobbyist drones, are increasingly being used by tech fans, sports fans, adventurers, professional photographers, and videographers – thanks to the adoption of various innovative technologies, such as flight technology, mobile technology, video technology, as well as advanced software and ecosystems. In 2028, the segment is forecast to increase to US$4.7 billion, from approximately US$3.6 billion in 2022.
What's included?
The Drones segment covers Consumer drones, Prosumer drones and Hobbyist drones. From 2012 to 2017, the worldwide consumer drone market experienced an upsurge with rapid innovations, fierce competitions, and significant pricing fluctuations. After 2017, this boom gradually slowed down due to saturated customer needs and stricter regulations and terms of use. The market is dominated by several key players, such as DJI, Parrot, Yuneec, 3DRobotic, and Syma, but there are always new market entrants offering entry-level products at competitive prices. The segment is predicted to amount to US$4.7 billion by 2028, up from US$3.6 billion in 2022. The Drones segment accounted for 0.3% of the worldwide Consumer Electronics' revenue, in 2022.
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