Latin America Consumer Drone Market Size & Outlook
Latin America consumer drone market, 2018-2030 (US$M)
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Latin America consumer drone market highlights
- The Latin America consumer drone market generated a revenue of USD 215.1 million in 2023.
- The market is expected to grow at a CAGR of 14.5% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 215.1 million |
| Market revenue in 2030 | USD 554.9 million |
| Growth rate | 14.5% (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, Latin America region accounted for 4.5% 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 |
|---|
Latin America 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 68.85% in 2023. Horizon Databook has segmented the Latin America 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 Latin America consumer drone market is expected to record a market share of 4.4% in 2022. The region’s growth is attributed to the strong toy/hobbyist user base in the region. The region is widely untapped by consumer drone companies and they have spotted growing opportunities.
Other than enthusiasts, the trend of company’s targeting prosumers as there is increased demand due to growing use cases between casual and professional done flyers is expected to further the growth of the market.
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Our clientele includes a mix of consumer drone market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America consumer drone market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America consumer drone market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America consumer drone market size, by country, 2018-2030 (US$M)
Latin America Consumer Drone Market Outlook Share, 2023 & 2030 (US$M)
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