Consumer Drone Market Analysis PDF-Consumer Drone Market

Outlook of Consumer Drone Market: Research Report during 2017-2024: Global Market Insights Inc. Consumer Drone Market size is anticipated to witness growth during the forecast timeframe, owing to growing importance of drones-as-a-service and increasing use of unmanned aerial vehicles (UAV) to execute high-risk tasks. Technological advancements, such as geo-fencing and collision avoidance, that make drones flying safer, is expected to fuel consumer drone market growth. The UAVs are of prime importance in military applications and battlefields. UAVs have gradually transitioned from being expensive technology and solely used in military applications to an easily accessible commodity, with variety of applications in commercial space. Reduced capital costs and improved maneuverability make drones an ideal alternative to legacy manned aircraft and humans. Low cost and wide range of applications such as aerial surveying, film/video making, mapping, surveillance, and environmental monitoring are anticipated to drive consumer drone market growth. Rising eminence of drone flying as hobby such as UAV racing and photography is expected to fuel consumer drone market growth over the future. New technology in electronics has attracted gaming enthusiasts to accept drones as new-found entertainment source along with organizing competitions. In addition, administrative support to permit drone flying for non- commercial purposes is expected to stimulate consumer drone market size. Consumer UAVs are expected to gain prominence, owing to their ability for dynamic design concept and high-resolution video & image capturing. Midair photography aficionados are increasingly accepting drones in complimenting their hobby of capturing dynamic videos and images. Introduction of advanced gimbal systems and high-resolution HD 4K cameras are predicted to boost consumer drone market adoption in nature exploration and photography. Surge in consumer drone market demand has resulted in creation of new government regulations to balance safety and innovation. Increasing government spending on advanced UAVs and upcoming favorable initiatives by European Aviation Safety Agency (EASA) and Federal Aviation Administration (FAA) is expected to drive consumer drone market growth. Development of drones with hydrogen fuel cells, that conserve energy is an emerging trend in the market. This is expected to ensure longer flight hours. Enhanced flight capabilities and dynamic concept design of UAVs is expected to revolutionize electronics and gaming markets. Factors such as smaller flight time due to short battery life and registration obligations, to regulate official drone registration certificate issuance are anticipated to restrain consumer drone market growth during the forecast period. Commercial and civilian drone face risk of 1 | Page