Toy drones are significantly observing innovations and advancements in the current state, despite all of the previous technical development. Some toy drones already fly without the aid of a controller, thanks to the expanding acceptance of autonomous flight technology. Toy drone demand will be boosted by system failure responses, dynamic routing, and handoffs between human and machine operators. As a result, toy drones are making inroads into the military as military-developed technology. Drones have recently become a vital part of US military reconnaissance and striking missions. The US Army has accomplished various key missions because of this technology adoption. Simultaneously, the agriculture industry is experiencing a surge in demand for toy drones for development and expansion.
Toy drones assist farmers with increasing output and lowering expenses by enabling more efficient precision crop spraying and efficient land mapping. Government investments are steadily increasing due to the expanding use of toy drones in a variety of industries. The government is pouring money into the private sector to expand cyberspace. In light of the aforementioned factors, the toy drones market is expected to grow significantly throughout the forecast period.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | Product Type, Application, and Region. |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | Aerix Drones, AeroVironment, Inc., DJI, Drona Aviation Pvt. Ltd, Extreme Fliers, Guangdong Cheerson Hobby Technology Co., Ltd, Horizon Hobby LLC, Jianjian Technology Co., Ltd, Parrot Drones SAS, Shenzhen Hubsan Technology Company Limited, Skyrocket LLC, Syma, TRNDlabs, Udirc Technology Co., Ltd, Weili Toys, XK Industrial Co., Ltd. |
Covid-19 Impact on Toy Drones Market
Like many other industries, COVID-19 badly knocked the electronic and semiconductor industries. This unprecedented event has impacted nearly 230 countries in just a few weeks, resulting in the forced shutdown of manufacturing and transportation activities within and across the countries. This has directly affected the overall sector's growth. It is estimated that COVID-19 to leave more than USD 30 billion impacts on the electronics and semiconductor industry. The sector is majorly affected due to transport restrictions on major electronics and semiconductor raw material providers. However, the emerging need for semiconductors in several industries will offer rapid market recovery over the future period.
Toy Drones Market Segment Overview
Based on Application, Videography & Photography is one of the most prominent segments in the global Toy Drones market. Currently, the majority of players are focusing on developing drones for consumer use. Recreational videography and photography, wildlife and hunting surveillance, and fishing are all typical uses for drones and cameras. Consumer drones of the next generation are now frequently employed in drone sports and racing. Furthermore, as the popularity of drones grows, so will the number of drone-related service providers. Additionally, in some areas, the military is employing toy drones as a primary tool for gathering vital information.
Toy Drones Market, By Product Type
· Fixed Wing Type
· Rotor Type
· Flapping Wing Type
Toy Drones Market, By Application
· Videography & photography
· Drone racing & sports
· Others
Toy Drones Market Regional Overview
In terms of region, North America is expected to dominate the toy drone market. This trend is expected to continue over the projected period, owing to supportive government measures in combination with the advancement of drone technology, as well as rising business demand for drone-acquired data. On the other hand, the market in the Asia Pacific is expected to grow at a rapid rate as China and Japan use new technology and automation to combat rising labour costs. The toy drone market is growing due to the increased manufacture of lightweight drones and the availability of low-cost drones in countries like China. Moreover, due to regulatory limitations, toy drone sales in Europe are at a standstill. Companies in the toy drones market are experimenting with new ways to change by utilizing the advantages of UAVs.
Toy Drones Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Toy Drones Market, Key Players
· Aerix Drones
· AeroVironment, Inc.
· DJI
· Drona Aviation Pvt. Ltd
· Extreme Fliers
· Guangdong Cheerson Hobby Technology Co., Ltd
· Horizon Hobby LLC
· Jianjian Technology Co., Ltd
· Parrot Drones SAS
· Shenzhen Hubsan Technology Company Limited
· Skyrocket LLC
· Syma
· TRNDlabs
· Udirc Technology Co., Ltd
· Weili Toys
· XK Industrial Co., Ltd.
Frequently Asked Questions (FAQ) :
Q1. What are the driving factors for the Toy Drones market?
Q2. Which Segments are covered in the Toy Drones Market report?
Q3. Which segment is projected to hold the largest share in the Toy Drones Market?
Q4. Which region is holds largest share in the Toy Drones market?
Q5. Which are the prominent players in the Toy Drones Market?
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Toy Drones Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Product Type
- 5.2.1. Fixed Wing Type
- 5.2.2. Rotor Type
- 5.2.3. Flapping Wing Type
- 5.3. Market Analysis, Insights and Forecast – By Application
- 5.3.1. Videography & photography
- 5.3.2. Drone racing & sports
- 5.3.3. Others
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America, Middle East and Africa
6. North America Toy Drones Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Product Type
- 6.2.1. Fixed Wing Type
- 6.2.2. Rotor Type
- 6.2.3. Flapping Wing Type
- 6.3. Market Analysis, Insights and Forecast – By Application
- 6.3.1. Videography & photography
- 6.3.2. Drone racing & sports
- 6.3.3. Others
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
7. Europe Toy Drones Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Product Type
- 7.2.1. Fixed Wing Type
- 7.2.2. Rotor Type
- 7.2.3. Flapping Wing Type
- 7.3. Market Analysis, Insights and Forecast – By Application
- 7.3.1. Videography & photography
- 7.3.2. Drone racing & sports
- 7.3.3. Others
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. UK
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Rest of Europe
8. Asia Pacific Toy Drones Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Product Type
- 8.2.1. Fixed Wing Type
- 8.2.2. Rotor Type
- 8.2.3. Flapping Wing Type
- 8.3. Market Analysis, Insights and Forecast – By Application
- 8.3.1. Videography & photography
- 8.3.2. Drone racing & sports
- 8.3.3. Others
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. China
- 8.4.2. India
- 8.4.3. Japan
- 8.4.4. Australia
- 8.4.5. South East Asia
- 8.4.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Toy Drones Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Product Type
- 9.2.1. Fixed Wing Type
- 9.2.2. Rotor Type
- 9.2.3. Flapping Wing Type
- 9.3. Market Analysis, Insights and Forecast – By Application
- 9.3.1. Videography & photography
- 9.3.2. Drone racing & sports
- 9.3.3. Others
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. Brazil
- 9.4.2. Saudi Arabia
- 9.4.3. UAE
- 9.4.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Aerix Drones
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. AeroVironment, Inc.
- 10.6. DJI
- 10.7. Drona Aviation Pvt. Ltd
- 10.8. Extreme Fliers
- 10.9. Guangdong Cheerson Hobby Technology Co., Ltd
- 10.10. Horizon Hobby LLC
- 10.11. Jianjian Technology Co., Ltd
- 10.12. Parrot Drones SAS
- 10.13. Shenzhen Hubsan Technology Company Limited
- 10.14. Skyrocket LLC
- 10.15. Syma
- 10.16. TRNDlabs
- 10.17. Udirc Technology Co., Ltd
- 10.18. Weili Toys
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
