liabilities regarding drone use in crowded spaces. Skilled drone operator shortage, privacy & safety concerns, and lack of adequate evidence supporting capabilities of drones is expected to restrain consumer drone market growth during forecast period. Maintenance and repair complexities and privacy concerns are expected to challenge market growth.
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Consumer drone market is segmented on the basis of type of products and applications. Based on type of product, consumer drones are classified as nano, multi-rotor, hybrid, and fixed-wing. Multi-rotor drones are expected to dominate market during forecast period, due to increasing use in FPV racing and aerial photography. Nano drones are anticipated to witness significant growth, owing to their cost-effective operations. Fixed-wing type is increasingly used in FPV racing. Their simple design with fixed wing across the top improves flight and speed distance. These are being deployed for coverage of large areas, such as mapping and aerial surveillance. Hybrid drones operating on solar power are used in various applications such as surveillance and mapping.
Based on applications, consumer drone market is segmented as toy / hobbyist, prosumer, and photogrammetry. Prosumer is expected to dominate the applications segment during period under study. Demand for drones in photogrammetry application segment is projected to increase significantly. Small low elevation drones offer advantage over aerial technology for photogrammetry. The consumer drone market is expected to gain momentum in hobby applications, particularly sports. DR1 Racing and Mountain Dew organized drone race in August 2016. The event used 12 of the world ' s top drone-racing pilots.
Asia Pacific consumer drone market is anticipated to witness substantial growth, owing to investment initiatives in China drone companies by U. S. investors. Additionally, strategies to build UAV production base in China to tap into developing industry is expected to surge industry growth
Some of the key consumer drone market players include Parrot, Yuneec Electric Aviation, DJI Innovations, 3D Robotics, Cheerson, Walkera, SkyTech, Boeing / Insitu, Hubsan, Northrop Grumman AeroVironment, Syms Toys, WL Toys, and Blade / Horizon Hobby. These players focus on new product development to integrate with technologies such as artificial intelligence and advanced positioning systems to make drones more powerful. For instance, renovation of consumer UAVs into flying smart devices platforms. These developments in the market are expected to increase product value, retain consumers ' interest longer, and expand product lifespan.
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