Consumer Drones Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0193575
  • Format: Electronic (PDF)
  • Number of Pages: 208
  • Author(s): Joshi, Madhavi

Report Overview

The Consumer Drones Market size was estimated at USD 12 billion in 2023 and is projected to reach USD 20 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 8.00% during the forecast period (2024-2030).

Consumer Drones Market

(Market Size)
$12 billion
$20 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 8.00%
2023 Market Size USD 12 billion
2030 Market Size USD 20 billion
Key Players DJI, Parrot, Autel Robotics, Yuneec, Skydio

Market Summary

The consumer drones market represents a dynamic and rapidly evolving segment within the consumer goods industry, characterized by the proliferation of unmanned aerial vehicles designed for personal and recreational use. This market has transitioned from a niche hobbyist pursuit to a mainstream phenomenon, driven by technological advancements that have made drones more accessible, user-friendly, and feature-rich. The core of this market revolves around quadcopters and similar multi-rotor aircraft, which are equipped with high-resolution cameras, GPS stabilization, and intuitive flight controls. These devices are no longer just toys; they are sophisticated gadgets used for aerial photography, videography, racing, and even educational purposes. The industry is supported by a robust ecosystem of manufacturers, software developers, and accessory providers, all contributing to a vibrant and competitive landscape. Consumer demand is fueled by the desire for unique perspectives and experiences, making drones a popular gift item and a tool for content creation. The market continues to innovate, with new models frequently introduced, offering improved battery life, enhanced camera capabilities, and smarter autonomous flight features. This constant innovation ensures the market remains attractive to both new and experienced users, sustaining growth and interest in the sector.

Key Highlights

The consumer drones market is distinguished by several key highlights that underscore its significance and potential. A primary highlight is the remarkable advancement in camera technology, where 4K resolution, gimbal stabilization, and live video transmission have become standard features in mid to high-end models, enabling professional-grade aerial photography. Another significant aspect is the integration of artificial intelligence and machine learning, which powers intelligent flight modes such as subject tracking, obstacle avoidance, and automated flight paths, making drones easier to pilot for beginners. The market has also seen a surge in the popularity of First Person View (FPV) racing drones, which offer an immersive flying experience and have spawned a dedicated community and competitive events. Furthermore, the regulatory environment is evolving, with authorities worldwide establishing clearer guidelines for recreational drone use, which helps in fostering responsible ownership. The competitive landscape is intense, with companies like DJI, Parrot, and Autel Robotics continuously pushing the boundaries of innovation. Additionally, the aftermarket for accessories, including propellers, batteries, and carrying cases, represents a substantial ancillary market, enhancing the overall user experience and providing additional revenue streams for businesses involved in this sector.

Drivers, Opportunities & Restraints

The growth of the consumer drones market is propelled by several key drivers, including technological advancements that reduce costs and enhance functionality, making drones more affordable and appealing to a broader audience. The increasing popularity of social media platforms and content creation has also driven demand, as users seek to capture unique aerial footage for personal or professional sharing. Additionally, the rise of drone racing and educational programs incorporating STEM learning presents significant opportunities for market expansion. However, the market faces notable restraints, such as stringent regulatory frameworks imposed by aviation authorities concerning flight restrictions, privacy concerns, and registration requirements, which can deter potential buyers. Safety issues, including the risk of collisions and accidents, also pose challenges. Opportunities abound in the development of new applications, such as drone-based delivery services for small consumer goods and enhanced features like longer battery life and improved durability. The integration of augmented reality and virtual reality with drone technology could open new avenues for gaming and immersive experiences. Despite restraints, the market's innovative spirit and continuous product development suggest a positive trajectory, with companies exploring ways to address regulatory and safety concerns while capitalizing on emerging trends.

Concentration Insights

The consumer drones market exhibits a high degree of concentration, with a few major players dominating the global landscape. DJI Innovations stands as the market leader, holding a significant share due to its extensive product portfolio, cutting-edge technology, and strong brand recognition. Other notable companies include Parrot, Yuneec International, and Autel Robotics, which compete by offering differentiated products in terms of price, features, and target demographics. This concentration is driven by high research and development costs, patent protections, and economies of scale that favor established players. However, the market also features numerous smaller companies and startups focusing on niche segments, such as racing drones or ultra-portable models, which adds diversity and innovation. Geographically, manufacturing and innovation are concentrated in regions like China and North America, where key companies are headquartered. The competitive intensity is high, with continuous product launches and technological upgrades being common strategies to maintain market position. This concentration impacts pricing, innovation pace, and market accessibility, influencing both consumer choices and the strategic decisions of new entrants aiming to capture a share of this lucrative market.

Type Insights

The consumer drones market can be segmented into various types based on design and functionality, with multi-rotor drones, particularly quadcopters, being the most prevalent due to their stability, ease of use, and versatility. These are ideal for aerial photography and videography, offering features like hover capability and smooth maneuverability. Fixed-wing drones, though less common in the consumer segment, are used for longer flight times and are more efficient for covering large areas, but they require more space for takeoff and landing. Nano and micro drones represent another category, characterized by their small size and portability, making them suitable for indoor use and beginners. Racing drones are a specialized type designed for speed and agility, often used in competitive FPV racing events. Each type caters to different consumer needs and preferences, with multi-rotor drones dominating sales due to their all-around utility. Innovations continue to blur the lines between types, with hybrid models emerging that combine features of multiple designs. The diversity in drone types ensures that the market can appeal to a wide range of users, from casual hobbyists to serious enthusiasts, driving continued interest and adoption across various consumer segments.

Application Insights

Consumer drones are utilized across a variety of applications, with aerial photography and videography being the most prominent, as users leverage high-quality cameras to capture stunning landscapes, events, and personal moments. This application is particularly popular among content creators, travelers, and photography enthusiasts. Recreational flying is another major application, where drones are flown for fun and leisure, often in parks or open spaces, providing entertainment and a sense of adventure. Drone racing has emerged as a competitive application, involving organized events where pilots navigate obstacles at high speeds using FPV technology. Educational purposes are also significant, with drones being used in schools and universities to teach principles of aerodynamics, robotics, and coding, aligning with STEM education initiatives. Additionally, drones are increasingly used for hobbyist projects, such as custom builds and modifications, fostering a community of DIY enthusiasts. Some consumers also use drones for simple tasks like surveying property or monitoring outdoor activities. The versatility of drones allows them to serve multiple purposes, enhancing their appeal and utility, and driving demand across different user groups, each finding value in the unique capabilities these devices offer.

Regional Insights

The consumer drones market demonstrates distinct regional variations influenced by factors such as regulatory environments, consumer preferences, and economic conditions. North America represents a significant market, driven by high disposable income, strong interest in technology, and a well-established regulatory framework that, while strict, provides clarity for users. The United States, in particular, is a major hub for innovation and adoption, with a vibrant community of hobbyists and professionals. Europe follows closely, with countries like the United Kingdom, Germany, and France showing strong demand, though regulations vary across the region, impacting market growth. The Asia-Pacific region is experiencing rapid growth, led by China, which is not only a major manufacturing base but also a large consumer market due to increasing affordability and tech-savvy populations. Countries like Japan and South Korea are also key contributors, with advanced technology adoption. Other regions, such as Latin America and the Middle East, are emerging markets where growth is fueled by rising awareness and gradually easing regulations. Regional differences in airspace laws, privacy concerns, and cultural attitudes towards drones shape market dynamics, influencing product offerings and marketing strategies tailored to local needs and opportunities.

Company Insights

The consumer drones market is characterized by the presence of several key companies that drive innovation and competition. DJI is the undisputed leader, known for its comprehensive range of products, from entry-level models to professional-grade drones, with advanced features like obstacle avoidance and high-resolution imaging. Parrot, a French company, focuses on user-friendly drones with strong software integration, appealing to beginners and educational sectors. Yuneec International offers a variety of models, emphasizing safety and durability, and is recognized for its hexacopter designs. Autel Robotics competes with robust alternatives, featuring drones with impressive camera capabilities and intelligent flight modes. Other notable players include Holy Stone and Syma, which target the budget segment with affordable options for casual users. These companies invest heavily in research and development to introduce new technologies, improve battery life, and enhance user experience. The competitive landscape is dynamic, with firms also engaging in strategic partnerships, mergers, and acquisitions to strengthen their market position. Company insights reveal a focus on differentiating through unique selling propositions, such as ease of use, price points, or specialized features, to capture diverse consumer segments and maintain relevance in this fast-paced industry.

Recent Developments

Recent developments in the consumer drones market highlight ongoing innovation and strategic shifts among key players. There has been a notable trend towards miniaturization, with companies launching more compact and portable drones without compromising on features, catering to travelers and on-the-go users. Enhancements in battery technology have led to longer flight times, addressing a common consumer concern, and some models now offer swappable battery systems for extended use. The integration of advanced AI capabilities has become more prevalent, enabling smarter automation in flight and photography, such as subject recognition and automated editing. Regulatory advancements have also been significant, with authorities in various regions updating guidelines to accommodate recreational drone use while ensuring safety and privacy. Additionally, there is growing emphasis on sustainability, with efforts to develop eco-friendly materials and reduce the environmental impact of drone manufacturing. Companies are expanding their product lines to include accessories like ND filters and enhanced controllers, enhancing the overall ecosystem. Collaborations with software firms for improved app experiences and updates are common, ensuring drones remain compatible with the latest mobile devices and operating systems. These developments reflect a market that is maturing yet continues to evolve rapidly, driven by consumer feedback and technological possibilities.

Report Segmentation

This market research report on the consumer drones market provides a detailed segmentation to offer comprehensive insights into various aspects of the industry. The report is segmented by type, covering multi-rotor drones, fixed-wing drones, nano drones, and others, each analyzed for their market characteristics and consumer adoption rates. By application, the segmentation includes aerial photography and videography, recreational flying, racing, educational purposes, and other niche uses, highlighting trends and growth areas within each category. Geographical segmentation breaks down the market into key regions such as North America, Europe, Asia-Pacific, and the rest of the world, examining regional dynamics, regulatory influences, and market potential. Additionally, the report offers segmentation by price range, distinguishing between budget, mid-range, and premium segments, which helps in understanding consumer purchasing behavior and competitive positioning. The segmentation also considers distribution channels, including online retail, specialty stores, and direct sales, providing insights into how products reach end-users. This structured approach ensures that the report delivers in-depth analysis tailored to stakeholders seeking to understand specific market segments, identify opportunities, and make informed decisions based on granular data and trends.

FAQs

What are the different types of consumer drones available? Consumer drones primarily include multi-rotor drones like quadcopters, which are popular for stability and ease of use; fixed-wing drones for longer flights; nano drones for indoor and portable use; and racing drones designed for speed and agility in competitive events.

How do consumer drones work? Consumer drones operate using remote controllers or smartphone apps, with motors powering propellers for flight. They often incorporate GPS for positioning, gyroscopes for stability, and cameras for capturing footage, with many models featuring autonomous flight modes powered by onboard computers.

What are the regulations for flying consumer drones? Regulations vary by region but commonly include restrictions on flying near airports, over crowds, and above certain altitudes. Many countries require registration of drones above a specific weight, and pilots must often follow line-of-sight rules and avoid prohibited areas to ensure safety and privacy.

What are the main applications of consumer drones? Key applications include aerial photography and videography for personal or content creation purposes, recreational flying for enjoyment, drone racing as a sport, educational uses in STEM learning, and hobbyist activities like custom building and flying for fun.

Which companies are leading in the consumer drones market? DJI is the market leader, with other significant players including Parrot, Yuneec International, Autel Robotics, Holy Stone, and Syma, each offering products ranging from high-end to budget-friendly options tailored to different consumer needs.

What should I consider when buying a consumer drone? Factors to consider include flight time, camera quality, range, ease of use, portability, and price. Beginners might prioritize stability and user-friendly features, while enthusiasts may look for advanced capabilities like obstacle avoidance, high-speed performance, or customization options.

Citius Research has developed a research report titled “Consumer Drones Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Consumer Drones Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Consumer Drones Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Consumer Drones Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Consumer Drones Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Consumer Drones Market
• Research Methodology
• Executive Summary
• Market Dynamics of Consumer Drones Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Consumer Drones Market
• Cost and Gross Margin Analysis of Consumer Drones Market
• Consumer Drones Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Consumer Drones Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Consumer Drones Market Key Stakeholders

Below are the key stakeholders for the Consumer Drones Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Consumer Drones Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Consumer Drones Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Consumer Drones Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Consumer Drones Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Consumer Drones Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Consumer Drones Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Consumer Drones Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Consumer Drones Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Consumer Drones Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Consumer Drones Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Consumer Drones Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Consumer Drones Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Consumer Drones Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Consumer Drones Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Consumer Drones Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Consumer Drones Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Consumer Drones Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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