The growing demand for first-person view (FPV) compatible drones and increasing use of drones for marine activities such as fishing are propelling market growth. However, stringent government regulations regarding drone use might hamper market growth.
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Several companies are currently focusing on developing drones for consumer applications. Drones with cameras are being widely used for recreational photography and videography, hunting and wildlife monitoring, and fishing. Of late, next-generation consumer drones are also being used for drone racing and sports. Moreover, as drone adoption accelerates, the number of drone-related service providers is expected to increase. These factors are significantly boosting the growth of the global Toy Drones market. The global Toy Drones market is estimated to register a CAGR of nearly 17.21% during the forecast period of 2019 to 2028.
On the basis of type, the market has been segmented into quadcopters and others. In 2018, the quadcopters segment dominated the global market and is expected to register the higher CAGR during the forecast period. The enhanced safety, maneuverability, and flexibility offered by quadcopters make them ideal for use by public safety and military personnel.
Based on application, the market has been divided into recreational photography and videography, drone racing and sports, and others. The recreational photography and videography segment dominated the market in 2018 and is expected to register the highest CAGR during the forecast period. High-definition cameras offered by Toy Drones enable users to receive enhanced pictures and videos.
By sales channel, the market has been classified as distribution channel and direct channel. The distribution channel segment dominated the market in 2018 and is expected to exhibit the higher CAGR during the forecast period. The segment comprises various regional and country-level drone distributors and e-commerce distributors. These distributors provide standard Toy Drones as well as product support and repair and aftersales services.
By region, North America dominated the market in 2018. However, the toy drone market in Asia-Pacific is expected to be the fastest-growing during the forecast period. The availability of low-cost drones and increasing manufacturing of lightweight drones in countries such as China are propelling market growth in the region.
The market values and forecast are derived using the MRFR research methodology, which includes secondary research, primary interviews, data triangulation and validation from an in-house data repository and statistical modeling tools.
Table of Contents:
1. Executive Summary
1.1. Market Attractiveness Analysis
1.1.1. Global Toy Drone Market, By Type
1.1.2. Global Toy Drone Market, By Application
1.1.3. Global Toy Drone Market, By Sales Channel
1.1.4. Global Toy Drone Market, By Region
2. Market Introduction
2.1. Market Definition
2.2. Scope of The Study
2.3. Market Structure
2.4. Key Buying Criteria
2.5. Market Factor Indicator Analysis
3. Research Methodology
3.1. Research Process
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
3.5. Forecast Model
3.6. List of Assumptions. . .etc.
The key players in the global Toy Drones market are DJI (China), AeroVironment, Inc. (US), Parrot Drones SAS (France), Jianjian Technology Co., Ltd (China), Skyrocket LLC (US), Syma (China), Guangdong Cheerson Hobby Technology Co., Ltd (China), Horizon Hobby LLC (US), Udirc Technology Co., Ltd (China), Aerix Drones (US), TRNDlabs (China), Drona Aviation Pvt. Ltd (India), Shenzhen Hubsan Technology Company Limited (China), Extreme Fliers (UK), Weili Toys (China), and XK Industrial Co., Ltd (China).
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