Low manufacturing costs and ease of access to market is expected to fuel demand for drone
phones through the forecast period
These phone drones are cost effective and offer a rich suite of programmability features such
as return to home, follow-me, and mission modes, which has seen these gain major traction in
the recent past. Overall cost of the available drones is well under US$ 300. These devices can
even utilize the old model mobiles or phones that have broken screens and cannot be used be
used for general purposes. These factors are expected to generate major potential for growth
of the drone phones market over the next few years.
Compact design, portability and interoperability are among some of the major benefits of
these devices
Chief participants offering smartphone support have extended the applications to almost all the
major device platforms such as Android, iOS, and Apple Watch. Compact design, in built battery,
portability, and extreme ease of use are among the chief factors that continue to drive demand
for drone phones.
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Growing interests of established players in the drones market due to its major potential to
cannibalize the entertainment quadcopter platform businesses will influence significant R&D
investments in the drone phones market
Flone - The Flying Phone is yet another company that has participated in the competition
through the introduction of its do it yourself (DIY) model of quadcopter. In January 2017,
Selfly.Camera introduced an autonomous flying camera featuring a compact drone body that
can be used as mobile cover and can be used for aerial photography. One of the major
developments in the industry segment is the growing interests of the smartphone brands to
introduce accessories or product in the domain. In November 2017, LG announced its plans to
introduce first drone phone in the market, which instead of an accessory will be incorporated
into the phone (as by the viral video on YouTube under the tagline).
North America is expected to be the highest growing regional segment, followed by Europe
and Asia Pacific
According to Coherent Market Insights analysis, U.S. accounts for approximately 35% of the
global drones market share, followed by Europe (~30%) and China (~15%). Moreover, according