Canada Consumer Drone Market Size & Outlook, 2023-2030
Canada consumer drone market, 2018-2030 (US$M)
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Canada consumer drone market highlights
- The Canada consumer drone market generated a revenue of USD 222.2 million in 2023 and is expected to reach USD 506.1 million by 2030.
- The Canada market is expected to grow at a CAGR of 12.5% 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.
Consumer drone market data book summary
| Market revenue in 2023 | USD 222.2 million |
| Market revenue in 2030 | USD 506.1 million |
| Growth rate | 12.5% (CAGR from 2023 to 2030) |
| Largest segment | Multi-rotor |
| Fastest growing segment | Others (Fixed-wing, hybrid) |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Canada accounted for 4.6% of the global consumer drone market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. consumer drone market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 506.1 million by 2030.
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Consumer Drone Market Scope
Consumer Drone Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada 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 67.51% in 2023. Horizon Databook has segmented the Canada consumer drone market based on multi-rotor, nano, others (fixed-wing, hybrid) covering the revenue growth of each sub-segment from 2018 to 2030.
Canada is anticipated to be the highest growing region in North America with a CAGR of 12.5% over the forecast period. The growth can be attributed to the increasing trend of commercial drones purchased by prosumer users.
Moreover, as Canada attracts vast number of tourists every year, the government has allowed tourists to purchase and fly drones under certain regulations.
For instance, according to Transport Canada regulations, tourists can fly drones below 400 feet, away from airports, and fly at night only, among other regulations. The easing of regulations in addition with the trend of prosumer drone users is expected to drive the growth of the market in Canada.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada consumer drone market , including forecasts for subscribers. This country databook contains high-level insights into Canada consumer drone market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada consumer drone market size, by product, 2018-2030 (US$M)
Canada Consumer Drone Market Outlook Share, 2023 & 2030 (US$M)
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