LONDON--(BUSINESS WIRE)--Technavio has announced the top six leading vendors in their recent global consumer drone market report. This research report also lists eight other prominent vendors that are expected to impact the market during the forecast period.
The market in EMEA is expected to be the fastest-growing market during the forecast period, growing at a CAGR of close to 27%. Its growth is mainly attributed to the early acceptance of consumer drones in this region.
Competitive vendor landscape
According to the report, the global consumer drone market is one of the fastest-growing markets and is highly competitive, with the presence of several vendors. Intense competition, technological advances, and frequent changes in consumer preferences present significant risks for vendors. To survive and succeed in this extremely competitive environment, it becomes imperative for vendors to distinguish their product and service offerings through clear and unique value propositions.
Vendors offer a variety of benefits such as innovative product features, low-cost products, a guarantee of high-quality images, and the easy availability of products. To sustain in the competitive market, vendors have to develop new ideas and technologies and stay up-to-date with the emerging technologies. says Ujjwal Doshi, lead media and entertainment services analyst from Technavio.
The report also states that consumer drones are increasingly being used as a toy and for personal, non-significant purposes, such as racing and photography. The instant uploading of photos and videos, captured and recorded using consumer drones, on social media sites is helping the market gain popularity.
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Technavio media & entertainment research analysts identify the following key vendors:
3D Robotics
3D Robotics is a leading designer and manufacturer of commercial and recreational unmanned aerial vehicles. The company is one of the renowned manufacturers of consumer drones, fixed-wing UAVs based on the ArduPilot platform, and ready-to-fly quadcopters for aerial photography and mapping. The company's products find applications in a wide variety of industries that mainly include construction, insurance, mapping, agriculture, telecom, and public safety. 3D Robotics is also a founding member of Dronecode, which is an open-source UAV platform. The company also develops flight controllers that help in controlling and stabilizing multirotor drones.
Cheerson Hobby
Cheerson Hobby is a manufacturer of professional remote control toys and drones. The company has been researching, designing, and manufacturing remote-controlled toys since 2003 under the name of Shantou SLH Toy Factory. In 2011, the company restructured and became the Guangdong Cheerson Hobby Technology. It also produces remote-controlled helicopters and planes, although its focus is shifting more toward multicopter toys.
DJI
DJI is a developer and manufacturer of camera-based consumer drones and its hardware peripherals. The product lines cover high-end UAV flight control systems and ground control systems, professional aerial photography drone platforms, commercial Gimbal systems, intelligent model aircraft products, and the high-precision control module. The main product line includes a Phantom line of camera-based quadcopters.
Parrot
Parrot is a French manufacturer of wireless products. The company designs, develops, and markets UAVs that connect with smartphones or tablets, and AR/VR headsets. The company is currently focused on automotive, civil drones, and connected objects. Parrot is expanding on the UAV market with the Parrot AR Drone, a quadcopter piloted via Wi-Fi and using augmented reality, thereby developing new solutions to address the UAV market for professional use.
Walkera
Walkera is a Chinese firm engaged in R&D, manufacturing, and marketing of consumer drones. The company has designed a variety of quadcopters for photography and first-person-view (FPV) purposes. Some of its products include Scout X4 FPV, a lightweight, small, and efficient quadcopter; Runner 250, a GPS-based racing quadcopter; and hobbyist drones. The company owns two sub-brands and has established two wholly owned subsidiaries in North America and Europe. The company has a geographical presence in more than 100 countries across the globe.
Yuneec International
Yuneec International is a Chinese manufacturer of manned and unmanned aircraft. The company develops remote-controlled, ready-to-use out of the box, camera-supported quadcopters and hexacopters. The company manufactures over a million units every year, sold under the Blade, Parkzone, E-Flite, Firebird, Firebird XL, and Q500 brands. The company also provides ground camera stabilization systems for cameras to record high-quality action sports. The company markets its manned aircraft in the US through collaboration with GreenWing International.
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