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Consumer Drones Market size is set to grow by USD 8.25 billion from 2024-2028, Advancements in sensors and the emergence of low-cost drones boost the market, Technavio

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NEW YORK, Aug. 5, 2024 /PRNewswire/ — The global consumer drones market size is estimated to grow by USD 8.25 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 18.52% during the forecast period. Advancements in sensors and the emergence of low-cost drones is driving market growth, with a trend towards availability of affordable consumer drones. However, stringent government regulations regarding the use of consumer drones poses a challenge. Key market players include AeroVironment Inc., Autel Robotics Co. Ltd., Eachine, EHang Holdings Ltd., GoPro Inc., Guangdong Aircraft Industrial Co. Ltd., Horizon Hobby LLC, Jianjian Technology Co. Ltd., Parrot Drones SAS, PrecisionHawk Inc., Shenzhen Hubsan Technology Co. Ltd., Shenzhen Zero UAV Tech. Co. Ltd., Skydio Inc., Skytech Drone sp zoo, SZ DJI Technology Co. Ltd., Teledyne Technologies Inc., Walkera, and Yuneec International Co. Ltd.

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Consumer Drones Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 18.52%

Market growth 2024-2028

USD 8259.1 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

15.18

Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 36%

Key countries

US, China, France, UK, and Switzerland

Key companies profiled

AeroVironment Inc., Autel Robotics Co. Ltd., Eachine, EHang Holdings Ltd., GoPro Inc., Guangdong Aircraft Industrial Co. Ltd., Horizon Hobby LLC, Jianjian Technology Co. Ltd., Parrot Drones SAS, PrecisionHawk Inc., Shenzhen Hubsan Technology Co. Ltd., Shenzhen Zero UAV Tech. Co. Ltd., Skydio Inc., Skytech Drone sp zoo, SZ DJI Technology Co. Ltd., Teledyne Technologies Inc., Walkera, and Yuneec International Co. Ltd.

Market Driver

The global consumer drones market is experiencing significant growth due to increasing demand and new entrants. DJI, a major player, is focusing on advanced, inexpensive drones with technologies like object sensing and path detection. The declining price of electronic components, primarily in China, enables DJI to reduce drone prices, sparking competition. This price war, coupled with rising per capita income, recreational trends, and business opportunities, fuels market growth during the forecast period. 

The consumer drone market is experiencing significant trends, with technological modifications and navigation technologies leading the way. Hobbyists and enthusiasts continue to drive demand for recreational drones, while aerial photography and production patterns shape consumption patterns. The adjacent market, including law enforcement and novel electronics technology, presents revenue growth opportunities. However, the industry faces challenges such as safety concerns, limited battery life, and high initial costs. Regulatory environment plays a crucial role in shaping the market landscape. Innovative features like integrated gas systems and technological breakthroughs in fixed wing drones and hybrid type drones are transforming the industry. Camera drones, selfie drones, toy drones, entry level drones, mid-range drones, and high-end drones cater to various consumer segments. Start-up businesses and drone racing add excitement to the market. However, privacy concerns remain a significant challenge. The market comprises various segments, including toy/hobbyist drones, nano drones, and consumer drone applications. The regulatory environment, safety concerns, and technological advancements require scenario-based analysis and industry interviews to gain a comprehensive understanding of the market. 

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Market Challenges

The consumer drones market faces regulatory challenges due to the various guidelines set by aviation authorities worldwide. For instance, in the US, the Federal Aviation Administration (FAA) requires users to obtain permission before flying near airports and prohibits drones from flying above 400 feet or in clouds. In Hong Kong, the Civil Aviation Department (CAD) mandates keeping drones at least 30 meters from the public and certain structures if they weigh between 250g and 1kg. Similar rules apply in other countries, such as Transport Canada, the Federal Ministry of Transport and Digital Infrastructure in Germany, the Civil Aviation Authority in the UK, the Civil Aviation Safety Authority in Australia, and the DGCA in France. These regulations may limit consumer drone adoption due to the need for specific certifications, qualifications, or modifications, potentially impacting vendors’ financial performance and market positions negatively.The consumer drone market is experiencing significant growth, driven by hobbyists and enthusiasts seeking innovative features for aerial photography and recreational purposes. However, challenges persist, including the risk of mishaps and safety concerns. Technological modifications, such as navigation technologies and advanced speed systems, aim to address these issues. Regulatory environment and limited battery life are other challenges. The market includes various segments, including camera drones, toy drones, recreational drones, selfie drones, entry-level drones, mid-range drones, high-end drones, law enforcement drones, fixed-wing drones, hybrid type drones, nano drones, and drone racing. Start-up businesses and novel electronics technology continue to shape the industry. Scenario-based analysis, industry interviews, and technological breakthroughs provide insights into future trends. Privacy concerns remain a significant issue. The market includes various players, including Technology Hardware and Integrated gas systems, offering innovative solutions. Safety concerns and high initial costs are major challenges for the market.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

This consumer drones market report extensively covers market segmentation by  

Product 1.1 Multirotor1.2 Fixed wing1.3 Single rotorDistribution Channel2.1 Offline2.2 OnlineGeography 3.1 North America3.2 APAC3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Multirotor-  The consumer drones market, specifically multirotor drones, has experienced significant growth due to increasing demand for aerial photography and non-military applications. These drones, which include tricopters, quadcopters, hexacopters, and octocopters, are popular among hobbyists and professionals for tasks such as aerial photography, video surveillance, and surveying. Quadcopters, with their four rotors, are the most widely used multirotor drones, offering more control for users. However, they have limited flying time and are not ideal for long-distance surveying or inspection. Technological advancements have enabled multirotor drones to carry bigger payloads, including cameras, electro-optics, autopilot, GPS/INS, and sense and avoid systems. With the expanding possibilities in consumer and industrial markets, the global consumer drones market is expected to grow steadily during the forecast period.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The consumer drone market is experiencing significant growth, driven by the increasing popularity of these unmanned aerial vehicles (UAVs) for various applications. Fixed wing drones and hybrid type drones are gaining traction in the market due to their longer flight times and increased payload capacity. Toy/hobbyist drones and nano drones continue to dominate the market in terms of sales volume, catering to the needs of hobbyists and enthusiasts. Start-up businesses are also leveraging novel electronics technology to introduce innovative consumer drone products. Consumer drone applications include aerial photography, recreational purposes, and law enforcement. Photogrammetry is another application gaining popularity, particularly in the construction and agriculture industries. However, privacy concerns and the risk of mishaps remain challenges for the market. Technological modifications, such as improved battery life and collision avoidance systems, are being introduced to address these concerns. The market is also witnessing revenue growth through adjacent markets, such as drone racing and production patterns and consumption patterns continue to evolve. Scenario-based analysis suggests that the market will continue to grow, with hybrid drones expected to gain significant market share in the coming years.

Market Research Overview

The consumer drone market is experiencing significant growth, driven by the increasing popularity of these devices for various applications. Fixed wing drones and hybrid type drones are gaining traction in law enforcement and industrial inspections, while toy/hobbyist drones, nano drones, and drone racing continue to dominate the recreational sector. Start-up businesses are leveraging novel electronics technology and innovative features to bring new consumer drone products to market. Photogrammetry and aerial photography are key applications, with revenue growth expected in the adjacent market. However, privacy concerns and the risk of mishaps remain challenges. Technological modifications, including navigation technologies and advanced speed technologies, are addressing safety concerns. Limited battery life and high initial costs are barriers to entry for some consumers. Camera drones, toy drones, recreational drones, selfie drones, entry-level drones, mid-range drones, and high-end drones cater to different segments. Regulatory environment and technological breakthroughs are shaping the industry landscape. Safety concerns and privacy issues are under scrutiny, with safety features and privacy policies becoming essential selling points.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductMultirotorFixed WingSingle RotorDistribution ChannelOfflineOnlineGeographyNorth AmericaAPACEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Cultivating a Culture of Peace: International Day of Peace Statement by Education Cannot Wait Executive Director Yasmine Sherif

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NEW YORK, Sept. 21, 2024 /CNW/ — The longing for peace transcends time, geography and religion. Based on justice, human rights and universal values outlined in the UN Charter, a culture of peace brings us all together in our common agenda for humanity. We can only co-exist by aligning ourselves with such a world order.

On today’s International Day of Peace, we call on world leaders to end conflict and embrace a culture of peace as enshrined in the UN Charter and related international law.

As the UN General Assembly outlined in the Declaration and Programme of Action on a Culture of Peace  a quarter of a century ago, this must include: “Respect for life, human rights and fundamental freedoms; the promotion of non-violence through education, dialogue and cooperation; commitment to peaceful settlement of conflicts; and adherence to freedom, justice, democracy, tolerance, solidarity, cooperation, pluralism, cultural diversity, dialogue and understanding at all levels of society and among nations.”

Educating for peace starts at home and continues in school through years of education. This takes place during the most formative years of a child learning about their identity, ethics, values, conscience, courage and compassion. Wherever there has been a failure in imparting on children the imperative for peace, the world is turned upside down. This is a global failure with no geographical boundaries.

Today, we live in a world of unprecedented violence, armed conflict and chaos. All the genuine and heartfelt commitments made in 1945 in the UN Charter seem to be fading away. Children and adolescents are the most vulnerable, the least protected, and the most impacted. They bear the brunt. 

Global conflicts killed three times as many children in 2023 than in the previous year, according to the United Nations. The number of forcibly displaced people reached an unprecedented 120 million in May 2024.

“In 2023, the United Nations verified a record 32,990 grave violations against 22,557 children in 26 conflict zones, a 35% increase from the previous year,” according to recent analysis by the UN.

We can end these violations and invest in a constructive co-existence globally. We can use our resources for education, rather than for wars. In classrooms around the world, girls and boys who have withstood the wrath of war can rebuild their hopes and their lives. Cultivating a culture of peace is possible. The financial resources exist. The choice as to how we use them is ours.

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SOURCE Education Cannot Wait

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Niutech at the Forefront: U.S.-China Circular Economy Forum Tackles “White Pollution”

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BEIJING, Sept. 20, 2024 /PRNewswire/ — On September 6, 2024, the inaugural U.S.-China Circular Economy Cooperation Forum was held in Beijing. The forum, guided by the U.S.-China Climate Action Working Group Circular Economy Task Force, was co-organized by the China Circular Economy Association and the US-China Business Council. The forum brought together approximately 460 distinguished guests from the National Development and Reform Commission of China, the Ministry of Foreign Affairs, the Ministry of Industry and Information Technology, the Ministry of Ecology and Environment, the Ministry of Housing and Urban-Rural Development, the Ministry of Commerce, the General Administration of Market Regulation, the US State Department, the US Department of Energy and other government departments, as well as industry experts, business representatives and scientific research institutions of the two countries. As the domestic leader in continuous pyrolysis technology, Niutech was invited by the China Circular Economy Association to attend the forum and gave an insightful speech on the topic of waste plastic recycling, and the issues of ‘white pollution’ that can result from it.

Enhancing Quality and Efficiency in the Circular Economy with Innovative Forces

The forum was strategically designed to advance the goals outlined in the U.S.-China “The Sunnylands Statement on Enhancing Cooperation to Address the Climate Crisis” (hereinafter referred to as the Sunnylands Statement). It aimed to create a collaborative platform for the business community, social organizations, and research institutions from both countries to foster exchanges and drive tangible cooperation in the circular economy.  

Zhao Chenxin, Deputy Director of the National Development and Reform Commission, John Podesta, Senior Advisor to the U.S. President on International Climate Policy, Liu Zhenmin, China’s Special Envoy for Climate Change Affairs, Nicholas Burns, U.S. Ambassador to China, and Xie Zhenhua, former Special Envoy for Climate Change Affairs of China, attended the opening ceremony of the Forum and delivered a speech, and Xie Feng, Chinese Ambassador to the U.S., made a video message. Deputy Director Zhao Chenxin said that addressing climate change is a common cause for all mankind and cannot be separated from the cooperation between the two global forces, China and the United States.

The China-US Circular Economy Cooperation Forum, held as an initiative to implement the Sunnylands Statement, marked another significant milestone in China-US cooperation on the circular economy. This collaboration is crucial for both nations as they join forces to tackle the climate crisis. On the afternoon of September 6, the forum organized four parallel meetings, where representatives engaged in in-depth exchanges on topics such as using the recycling economy to reduce greenhouse gas emissions, promoting the application of recycled materials, addressing plastic pollution and enhancing recycling, and increasing the recycling value of waste in the context of new industries and consumption patterns.

Niutech: International Experts on Continuous Pyrolysis Technology and Pioneers in solving the global “white pollution” problem

Globally, hundreds of millions of tons of waste plastics are generated annually, yet only about 30% undergo recycling. Traditional physical methods are typically limited to high-value, single-category, and relatively clean waste plastics. However, repeated recycling can degrade the quality of the plastics. Chemical recycling, on the other hand, offers a transformative approach by converting waste plastics into high-value products or fuels through chemical processes, thus overcoming the limitations of physical recycling.

Pyrolysis technology, a cornerstone of chemical recycling, addresses the challenges associated with the material recycling of waste plastics. It is adept at processing various types of low-value, mixed, and contaminated waste plastics. The products of pyrolysis can be further processed to manufacture new plastics, achieving a closed-loop system where waste plastics are repurposed into high-value new plastics. This not only retains the material’s utility at a high level but also converts “white pollution” into a “white oil field,” signifying a major shift in the management and valorization of plastic waste.

At the forum, as the international expert in continuous pyrolysis technology, the corporate representative of Niutech shared the cases of waste plastic chemical recycling projects deployed with international giants BASF and Quantafuel in Denmark, Thailand and other countries. Niutech has developed its own pyrolysis technology and equipment, which they fully own the intellectual property rights to. This technology enables the transformation of low-value, mixed, and contaminated waste plastics—including various polymers such as PP, PE, PS, ABS—into high-quality fuel oil.  

The fuel oil derived from this process can undergo further refining into naphtha, a critical raw material in the production of new plastics. This advanced recycling process not only diverts plastics from landfills and the environment but also contributes to a circular economy by turning waste into a valuable resource.

In the future, Niutech will continue to champion the principle of “green, recycling and low-carbon” waste plastics pyrolysis. Armed with advanced technology, reliable equipment, abundant high-value solutions and proven experience, Niutech is committed to enhancing communication and cooperation with domestic and foreign partners. Together, they will drive forward the chemical recycling of waste plastics and the sustainable development of the global waste plastics recycling industry.

 

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SOURCE Niutech

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Global Ultrasound Institute Launches GUSI Fellowships Platform: Elevating Point-of-Care Ultrasound Education

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SAN FRANCISCO, Sept. 20, 2024 /PRNewswire/ — The Global Ultrasound Institute (GUSI) is proud to announce the launch of the GUSI Fellowships Platform, an innovative online platform designed to empower learners around the world to achieve confidence and competency in point-of-care ultrasound (POCUS). With a holistic, device-independent approach that includes comprehensive evidence-based education, personalized mentorship from world-class POCUS educators, detailed scan review feedback, quantitative assessments, and CME certification, GUSI is setting a new standard in POCUS education.

“GUSI’s online didactics are the best that I have seen. And what I like most about the fellowship were the 1:1 sessions and being able to interact with GUSI expert faculty who have many years of experience in POCUS. And you get to pick their brains and they get to instruct you 1:1. I have used the training I received from GUSI to do much more POCUS clinically and further impact my patients lives.”

Dr. James Wilcox,
Assistant POCUS Director, Indiana University School of Medicine
Adjunct Professor and Assistant Professor of Medicine

“Our mission at GUSI is to democratize access to high-quality ultrasound training,” said Dr. Kevin Bergman and Dr. Mena Ramos, Co-CEOs of Global Ultrasound Institute. “The GUSI Fellowships Platform enables learners from diverse backgrounds to enhance their skills in a supportive, flexible environment, making it easier than ever to reach their POCUS goals.”

With training options covering 38 different scan types, learners can expect personalized 1:1 mentorship with expert POCUS educators who provide timely feedback on practice scans.

“The GUSI fellowship mentors are the best: patient, kind, knowledgeable, experienced, and supportive. GUSI provided education in the areas I wanted and needed to obtain and in my home/office environment not requiring multiple trips around the country. It is not just the way course work is presented – learning is made easier by the support provided to each student.”

Dr. Glenda Patterson
Core Faculty, University of Arkansas Northwest Internal Medicine Residency
Physician, Veterans Health Care of the Ozarks
Board-certified in Internal Medicine, Pulmonary Medicine, and Critical Care Medicine

The GUSI Fellowships Platform features a scalable software system designed to monitor and track performance, ensuring learners can effectively measure their progress.

GUSI understands the challenges faced by healthcare professionals seeking to enhance their ultrasound skills amid demanding schedules. GUSI addresses these concerns with flexible scheduling options, allowing learners to progress at their own pace while balancing their professional and personal commitments. This adaptability and virtual experience is crucial for fostering a culture of continuous learning and skill development.

“I went from not being able to hold the probe to someone who can scan and diagnosing and finding pathologies. I worked with Dr. Milne-Price and she was amazing! She sharpened my skills and we did sessions of live scanning over Zoom. I feel confident in my skills now to scan on my own.”

Dr. Dalea Al-Hawarri
Faculty, Bryn Mawr Family Medicine Residency

As healthcare continues to evolve, the demand for proficient ultrasound practitioners has never been greater. GUSI is not only committed to providing exceptional education but also aims to inspire a new generation of healthcare professionals who can leverage POCUS to improve patient outcomes globally. Join us in this exciting journey towards excellence in ultrasound practice.

For more information on GUSI Fellowships and to start your journey toward ultrasound proficiency, visit https://globalultrasoundinstitute.com/.

About Global Ultrasound Institute:

Global Ultrasound Institute stands at the forefront of point-of-care ultrasound, providing wraparound education, training, AI, and administrative software tools to healthcare providers and health systems globally to lower barriers to POCUS adoption and implementation. GUSI has trained over 14,000 healthcare practitioners in over 60 countries. GUSI is working to create a better world in which every healthcare practitioner is empowered to offer a rapid, reliable, accurate ultrasound-enabled diagnosis directly at the point-of-care, for any patient, anywhere.

For more information about GUSI Fellowships or any of GUSI services, please visit https://globalultrasoundinstitute.com/

Contact:

Dr. Kevin Bergman, Co-Founder, co-CEO, Global Ultrasound Institute
Dr. Mena Ramos, Co-Founder, co-CEO, Global Ultrasound Institute

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SOURCE GLOBAL ULTRASOUND INSTITUTE

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