Thursday, October 28, 2021
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Worldwide consumer camera drones market to touch $2.2 billion by 2022: Report

The growth of the consumer camera drones market is intense in the Americas.

The global consumer camera drones market is expected to touch $2.2 billion by 2022 due to advancement in sensors and emergence of low-cost drones across China and America, said a report. Research firm Technavio said that the growth of the consumer camera drones market is intense in the Americas. The region held approximately 59% of the overall market share in 2017. It was followed by EMEA and APAC respectively. Regionally, the markets in Eastern Europe and Latin America will gain traction after two to three years. The market in APAC is expanding, with major growth coming from emerging nations such as China and Japan.

In 2017, the global consumer camera drones market was led by the multirotor consumer camera drone segment, followed by the fixed wing and single rotor consumer camera drone segments. The multirotor consumer camera drones segment accounted for more than 80% share of the global consumer camera drones market, said report.

The said that vendors in the drone market are capitalising on the availability of mobile, intelligent, and connected sensors to enhance the capabilities of their offerings. Consumer drones are usually equipped with GPS, inertial, image, and ultrasound-based range sensors. With improvements in functionalities and features, the consumer drones are increasingly being equipped with thermal, hyper spectral and multispectral sensors.

“Besides, there will be an emergence of more consumer drones as the price of the sensors continues to fall. The hobbyist segment is relatively less price-sensitive and chooses high-cost drones that have features and properties like commercial drones. However, for the market to grow, vendors are increasingly introducing drones at a lower price,” said report.

The delivery drones are designed to transport materials. A delivery drone work with an anchor or basket-like feature on the bottom part. Fixed wing hybrid drones can take off and land vertically. These merge the benefits of fixed-wing UAVs with the ability to hover. Apart from this, the drones can also be used as aid drones. They can deliver first-aid materials and other items to a person who needs medical attention instead of waiting for proper authorities to reach a certain spot.

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