The report titled Global Consumer Drones Market- Outlook (2018-22) showcases an in-depth analysis of the Consumer Drones market and is classified on the basis of geography and end-users. This report forecasts the growth numbers till from 2018 to 2022 (on a YoY basis) and have estimated the Compound Annual Growth Rate (CAGR) for the period.
Asia Pacific to grow with highest growth rate in during the period 2018-2022
Asia Pacific region is expected to be the fastest growing market in consumer drones market during the forecast period. The demand of consumer drones are increasing mainly with the increasing demand for aerial imaging. In addition to that, the increasing use of aerial games and recreational activities will enhance the usage of consumer drones in this region leading to the growth in the consumer drone market.
Consumer drones market is to show highest growth in China with many prominent investors and startup companies which are coming in the drone market. However, investments remain high in drone technology with decreasing cost of drone components. Asia-Pacific is expected to remain fastest growing regional market during the period driven by increasing demand of consumer drones in the region such as China and Japan. The Global Consumer Drones Market is expected to grow with a CAGR of over 13.00% during the forecast period of 2018-2022.
Hobbyist end-user segment is the biggest revenue contributors in 2018
Hobbyist end-user segment caters to a large number of consumers. As these consumers are demanding multiple applications which can be easily available through smartphones thus finding it easy in seeking consumer drones for imagery purpose at a relatively lesser price which results in sales rapidly, contributing more to the growth of consumer drones globally.
Market Segments and Forecasts Covered in the Report
The Global Consumer Drone Market is segmented by:
1. Geography (North America, South America, Europe, APAC, RoW)
2. End-User Based Classification (Prosumers, Hobbyist, Photogrammetry)
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Uniqueness of this Report
1. In-depth segmentation of the Global Consumer Drones Market.
2. Market drivers, constraints, opportunity and challenges analyzed
3. Market Metrics, Market Share, Porter’s Five Forces Analysis
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