Rockville , Nov. 22, 2022 (GLOBE NEWSWIRE) -- Toy Drone Market Is Expected To Accelerate At A CAGR of 8.6% To Top US$ 951.5 Million by 2033 | Fact.MR
Increasing Kids Inclination towards Toy Drones for Recreational Purpose will Aid Market Growth
According to Fact.MR, the global toy drone market is likely at US$ 417 million in 2023 and expected to grow at a CAGR of 8.6% during the forecast years of 2023-2033. Drone market is emerging and is also expected to witness greater peaks globally as they have the ability to provide access to different places.
Toy drones have become very popular recently, especially among young generation. These drones are being produced quickly all over the world and have improved in intelligence. Toy drones are made smarter by using programmed intelligence to direct their movements and make them react to input in order to provide real-time interaction and feedback.
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It is now more affordable to include a microcontroller in the toy drone than the previous drone. These microcontrollers support Bluetooth and Wi-Fi, enabling linked toys to use cell phones to access a variety of internet services.
Consumer drones of the latest generation are currently employed extensively in drone competitions and sports. Additionally, as the use of drones grows, there will be a parallel rise in the number of businesses offering drone-related services. Additionally, military is also using toy drones as a significant tool in some areas to gather crucial intelligence.
The majority of players now aim to develop drones for consumer uses. Drones and cameras are frequently used for fishing, wildlife and hunting monitoring, recreational filming and photography.
Owing to technological developments in the artificial intelligence, machine learning and cloud services, the demand for toy drone have increased to serve the society in case of emergency and to maintain the smart cities.
Key Takeaways from Market Study
- The global toy drone market is projected to reach the valuation US$ 951.5 million by 2033.
- The market witnessed 5.1% CAGR between 2018 and 2022.
- Below 100 grams under load capacity segment will dominate the market with US$ 181.1 million valuations in 2023.
- By range capacity, 100-300 meter will dominate the market with 56.9% market share in 2023.
Market Development
The market's major participants have been investing in R&D to create a superior technological architecture that allows for greater flexibility and efficiency. In the medium to long-term forecast period, these improvements will fuel the toy drone market expansion.
It is anticipated that during the forecast period, more attention will be paid to API-based toy drone. Moreover, key players are working aggressively and investing a significant amount of money in the development of their infrastructure, allowing for more flexibility and efficiency. The development of the autonomous traffic management industry as a whole depends heavily on advancements in technological architecture.
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Some of the leading players include:
- DJI
- Potensic
- Holystone
- Ryze Tech
- BetaFPV
- Kidomo
- Robolink
- Heygelo
- Dwi Dowellin
- Drocon
Segmentation of Toy Drone Industry Research
- By Load Capacity :
- Below 100 grams
- 100-250 grams
- Above 250 grams
- By Range (Meter) :
- Less than 100 m
- 100- 300 m
- Above 300 m
- By Sales Channel :
- Online Sales
- Direct to customer
- Third Party Online
- Offline Sales
- Modern Trade Channels
- Electronic Stores
- Franchised Store
- Independent Stores
- Others
- Online Sales
- By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
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More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global toy drone market, presenting historical market data (2018-2022) and forecast statistics for the period of 2023-2033.
The study divulges essential insights on the market on the basis of load capacity (below 100 grams, 100-250 grams, above 250 grams), range (meter) (less than 100 m, 100- 300 m, above 300 m), sales channel (online sales (direct to customer, third party online), offline sales (modern trade channels, electronic stores (franchised store , independent stores), others)), across six major regions (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).
Table of Content
1. Global Market - Executive Summary
2. Market Overview
2.1. Market Definition and Introduction
2.2. Market Taxonomy/ Research Scope
3. Market Background and Foundation Data
3.1. Drone Industry – In a Nutshell
3.1.1. Drone Shipment – Key Statistics, by Country
3.1.2. Country wise Drone Registration Statistics
3.1.3. Number of Drones Exported and Imported by Key Countries
3.1.4. Drone Industry – Number of Participants, New Start-ups and Investments
3.1.4.1. Drone Component Manufacturers (Batteries, Gimbal, Applications, Sensors, Motors)
3.1.4.2. Drone OEMs (Consumer, Commercial and Defense Drones)
3.1.4.3. Drone Infrastructure Companies (Landing pads, UAS stations, Vertiports Chargers)
3.1.4.4. Navigation System / UTM Companies (Route planning, GPS devices, UTMs)
3.1.4.5. Drone Operators (Photography, Mapping, Inspection companies)
3.1.5. Drone Technology Cost Curve Analysis
3.1.6. Drone Services Cost Benefit Measurements and Benchmark by Use Cases
3.1.6.1. Agriculture
3.1.6.2. Oil & Gas
3.1.6.3. Real Estate
3.1.6.4. Utilities
3.1.6.5. Mining
3.1.6.6. Public Safety
3.1.6.7. Passenger Transportation
3.2. Penetration of into Drone Industry
3.3. Recent Developments in Products
3.4. Market White Space Assessment and Opportunity Analysis
TOC Contd…..
Check out more related studies published by Fact.MR Research:
Drones Market- The global drones market is anticipated to reach US$ 30 Billion by the end of 2022, anticipated to experience an impressive 25% CAGR from 2022-2032 to reach US$ 279 Billion by the end of the aforementioned forecast period.
Small Drone Market- The small drone market is estimated to reach valuation of US$ 5,193.5 Million in 2023 and will top US$ 23,510.2 Million by 2033, growing with a CAGR of around 16.3% from 2023-2033.
U.S. Drone Market-The U.S. drone market is projected to expand rapidly at 22.2% CAGR to reach a market valuation of US$ 82.9 billion by 2032, up from US$ 11.1 billion in 2022.
Target Drone Market- The target drone market is estimated to reach valuation of US$ 10,142.9 Million in 2023 and will top US$ 43,600.8 Million by 2033, growing with a CAGR of around 15.7% from 2023-2033.
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