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2024 Consumer Drone/Unmanned Aerial Vehicle (UAV) Market |Top Companies, Trends and Future Prospects Details for Business Development

Latest updates on Consumer Drone/Unmanned Aerial Vehicle (UAV) market, a comprehensive study enumerating the latest price trends and pivotal drivers rendering a positive impact on the industry landscape. Further, the report is inclusive of the competitive terrain of this vertical in addition to the market share analysis and the contribution of the prominent contenders toward the overall industry.

Previously, UAVs were known as a sophisticated military technology and used only for combat operations. However, technological advancements in the technology have developed several new consumer and commercial applications. The technological advancements and the decline in the price of the components have also attracted the several industry verticals, such as gaming sector, to adopt UAVs for augmented reality games and racing purposes.

The rotary blade drone is estimated to account for more than 85% revenue share in the year 2016. The growth of the market is attributed to the robustness and high durability of the rotary blade drones as compared to other variants. The increasing adoption of the rotary blade drones for the photography and racing applications is also estimated to have a significant impact on the growth of the market.

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Consumer Drone market is projected to exceed USD 15.0 billion by 2024. The growth of the market is driven by the rising awareness and availability of the drones across the countries. The population of the countries is increasingly adopting drones as a widely accepted hobby. The integration of AI and development of collision detection technology are also estimated to have a significant impact on the growth of the market. However, the stringent government regulations associated with the use of drones for recreational purposes and the low battery life of the consumer drones are holding back the market growth.

2024 Consumer Drone/Unmanned Aerial Vehicle (UAV) Market |Top Companies, Trends and Future Prospects Details for Business Development
2024 Consumer Drone/Unmanned Aerial Vehicle (UAV) Market |Top Companies, Trends and Future Prospects Details for Business Development

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Hobbyist/Toys market is estimated to grow with the growth rate of 25.4% during the forecast period. The increasing adoption of drones for aerial photography and gaming purposes is estimated to be the primary factor driving the growth of the market. Moreover, the advancements in the drone technology and the decline in the price of the drone also drive the adoption of the drones among the population across the countries.

Major Highlights from Table of contents are listed below for quick lookup into Consumer Drone/Unmanned Aerial Vehicle (UAV) Market report

Chapter 1. Methodology and Scope

  • Definitions & forecast parameters
  • Methodology and forecast parameters
  • Data Sources

Chapter 2. Executive Summary

  • Business trends of Consumer Drone/Unmanned Aerial Vehicle (UAV) Market
  • Product trends
  • Application trends

Chapter 3. Consumer Drone/Unmanned Aerial Vehicle (UAV) Industry Insights

  • Consumer Drone/Unmanned Aerial Vehicle (UAV) Market Industry segmentation
  • Industry landscape
  • Analysis of Manufacturers in the Consumer Drone/Unmanned Aerial Vehicle (UAV) industry
  • Distribution channel analysis
  • End-use landscape
  • Vendor matrix
  • Consumer Drone/Unmanned Aerial Vehicle (UAV) Market Technology & innovation landscape
  • Industry impact forces
  • Consumer Drone/Unmanned Aerial Vehicle (UAV) Market Growth drivers
  • Industry pitfalls & challenges
  • Key trends by Segments

Chapter 4. Company Profiles

  • Business Overview of Consumer Drone/Unmanned Aerial Vehicle (UAV) Market Companies
  • Financial Data
  • Product Landscape
  • Strategic Outlook and Decisive Analysis of companies in Consumer Drone/Unmanned Aerial Vehicle (UAV) Market
  • SWOT Analysis

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