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.
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).
Short flight time and consumer fear of loss of the costly smartphones in the event of
an incidence is among the major factors that can hamper the drone phones market
growth over the forecast period
Significantly small size designs currently limits the manufacturer’s scope to integrate safety
features and enhance battery back-up. Moreover, powering the drone for all operations
drastically reduces the life cycle. These factors are expected to be major restraints for the
market in the near future. Moreover, stringent regulations regarding the utilization of these
systems near the no-fly zones and commercial applications specifically in the U,S, and Europe
will
negatively
impact
the
overall
industry
growth.
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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
to FAA’s estimates, hobbyists are expected to account for around 4.3 million drone shipments by