Asia Pacific Consumer Drone Market Size & Outlook
Asia Pacific consumer drone market, 2018-2030 (US$M)
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Asia Pacific consumer drone market highlights
- The Asia Pacific consumer drone market generated a revenue of USD 1,556.2 million in 2023.
- The market is expected to grow at a CAGR of 15% from 2024 to 2030.
- In terms of segment, multi-rotor was the largest revenue generating product in 2023.
- Others (Fixed-wing, hybrid) is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 1,556.2 million |
| Market revenue in 2030 | USD 4,127.3 million |
| Growth rate | 15% (CAGR from 2023 to 2030) |
| Largest segment | Multi-rotor |
| Fastest growing segment | Others (Fixed-wing, hybrid) |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Multi-rotor, Nano, Others (Fixed-wing, hybrid) |
| Key market players worldwide | Guangdong Cheerson Hobby Technology, Horizon Hobby, Parrot SA, Kitty Hawk, DJI, Makerfire, Syma, WALKERA, Yuneec, Skytech, Jianjian, Hubsan |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 32.2% of the global consumer drone market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 445.0 million by 2030.
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Consumer Drone Market Scope
Consumer Drone Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific consumer drone market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to consumer drone market will help companies and investors design strategic landscapes.
Multi-rotor was the largest segment with a revenue share of 67.39% in 2023. Horizon Databook has segmented the Asia Pacific consumer drone market based on multi-rotor, nano, others (fixed-wing, hybrid) covering the revenue growth of each sub-segment from 2018 to 2030.
The consumer drone market in Asia Pacific is expected to grow at a significant CAGR of 15% over the forecast period. The region is home to leading market players such as SZ DJI Technology Co., Ltd., Guangzhou Walkera Technology Co., Ltd. (Walker), and Shantou Chenghai Weili Toys Industrial Co., Ltd. (WL Toys) who have strong existing manufacturing plants and supply chains.
Furthermore, the region is growing due to the availability of cheap labor costs, affordable resources, lenient manufacturing laws, and more. Consumers in Asia Pacific use drones due to their strong build quality and advanced features which are useful for regular consumers and professional users at a strategic price.
For instance, SZ DJI Technology Co., Ltd.’s DJI Mavic 3 Classic drone is a prosumer drone as it can record in 5.1k resolution and is preferred by regular consumers and professional users as well. Thus, the market is expected to grow positively in the coming years.
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Our clientele includes a mix of consumer drone market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific consumer drone market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific consumer drone market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific consumer drone market size, by country, 2018-2030 (US$M)
Asia Pacific Consumer Drone Market Outlook Share, 2023 & 2030 (US$M)
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