Toy Drones Market Research Report - Global Industry Forecast To 2028

Toy Drones Market Analysis by Type (Quadcopters and Others), Application (Recreational Photography & Videography and Drone Racing & Sports), Sales Channel (Distribution Channel and Direct Channel), and Regional Forecast To 2028

ID: MRFR/A&D/6177-HCR | October 2022 | Region: Global | 133 Pages         

Toy Drones Market

Toy Drones Market Size is estimated to reach USD 6,254.5 Million by 2028, registering a CAGR of 8.83% during 2021-2028.

Segmentation

By Type Quadcopters Others
By Application Recreational Photography Videography Drone Racing Sports
By Sales Channel Distribution Channel Direct Channel

Key Players

  • EHang (China)
  • Lockheed Martin Corporation (US)
  • Parrot (France)
  • AeroVironment Inc (US)
  • PrecisionHawk (US)
  • DJI Technology Co Ltd (China)
  • Israel Aerospace Industries Ltd. (Israel)
  • Northrop Grumman Corporation (US)

Drivers

  • Predator UAV is one of the most popular ones in use
  • Ground and on-field forces in the Routine.
Speak to Analyst Request a Free Sample

Toy Drones Market Overview


The Toy Drones Market Share was valued at a global market figure worth USD 6,254.5 million for the global forecast period that ended in 2019. With the pandemic year of 2020 as the base year, the market experts and industry leaders have predicted good growth for the global market operations for the ongoing forecast period of 2021-2028. The leaders predict a rise in the Toy Drones Market size during the ongoing forecast period at a CAGR of 8.83%. During this period, the market is expected to reach a whooping market valuation worth USD 497,687 million by the end of the forecast period of 2028.


Drones are a part of the unmanned aerial vehicles (UAV) that have a significant role to play in the commercial and defense sector. These are mostly known for their expanded use in an array of military missions like security and border surveillance. Drones are vehicles that help in processes related to mapping, determining the weather conditions of any area, surveying, and much more. Also, the drones have hands-on first-hand and reliable information that helps in progressive future decisions, expansions, and collaborations by the end of the ongoing forecast period in 2028.


Covid 19 Analysis of Toy Drones Market


The pandemic has created never before situations and hence, the businesses, production units, manufacturers, and others like enterprises and companies are taking time to adjust to the new trends and norms. The pandemic had posed major problems and challenges for the healthcare industry. So much so that major healthcare industries and functional units of the world were collapsing owing to the positive rate of transmission followed by the unavailability of the right dose for the patients witnessing the adverse effects of the disease. Also, the governments of the world are imposing restrictions and lockdowns on the functioning of businesses and enterprises which is further, having an impact on the developments and growth of the Toy Drones Market size, as well during the forecast period that ends in 2028.


The prominent players of the market in collaboration with the government and public sector enterprises are increasing their investment for the large-scale development and launch of drones and related products for the target audience across major regional locations of the world during the forecast period of 2021-2028. Also, the market players are opening doors for mergers and acquisitions to expand their global presence and cater to the needs in a diversified way for various consumer groups in the international market.


Market Dynamics


Drivers


The 2019 Department of Defense presented results and identified that expenditure worth USD 9.39 billion for the procurement of drones backed with their research and development will have a positive impact on the market and its operations during the forecast period of 2021-2028. The toy drones market analysis helps in discussing that drones have their application majorly in military forces of various companies as a part of the market and globe. Predator UAV is one of the most popular ones in use. Compact drones are being used by the ground and on-field forces in the routine. Also, the huge amount of expenditure from the military background for UAV technology is likely to present major growth opportunities to the market during the forecast period of 2021-2028.


Restraints


Despite having the base of remarkable technology, misuse by extremists is always a threat. Toy Drones Market have a higher chance of being used by terrorists and fulfilling their agendas related to carrying out multiple attacks which result in an amplified effect. These are recognized as cost-effective aircraft that work well in various terrains and hence, most terrorist organizations tend to choose these for carrying out their inhuman acts.


Technology Analysis


Technological advancements and investment in drones are on a roll at a very high pace. These technological advancements are expected to lead the market towards increased use of these in a huge variety of sectors including the military and defense sector, alongside the commercial sector, as well. The Toy Drones Market is further witnessing a huge quantum of investment in the field of research and development of armed drones. When it comes to the usage of UAVs the North American market has been dominating and emerging as a winner in warfare for a long time. Currently, 2 major drones have been employed in the US region of the North American market. These are MQ-1C Sky Warrior, MQ-9 Reaper, and the MQ-1 Predator.


Study Objectives



  • To project the growth rate and market valuation during the forecast period ending in 2028 by the industry leaders and experts based on the Toy Drones Market dynamics like drivers, opportunities, and operational restraints.

  • To understand the revenue potential of the Toy Drones Market segments functional in various global regions as a part of the market operations. This will help the investors in making better investment decisions and also, have an idea about the possibility of the market reaching the predicted market valuation.

  • To have an idea about the competitive degree prevailing in the market and also, understand the recent developments undertaken by the global market players during the forecast period ending in 2028.


Segment Overview


Owing to the toy drones market outlook, the market aims to help the market investors understand the revenue potential of the segments that are functional in major regions across the globe. The market has been segmented based on the following:


Based on the point of sale


The Toy Drones Market segment is divided into OEM and aftermarket.


Based on Systems


The systems market segment is inclusive of the platform, datalink, payload, ground control station, and the UAV launch and recovery system amongst others.


Based on Platform


The platform segment of the segment includes civil and commercial, alongside defense and government.


Based on Function


The functions segment of the global Toy Drones Market includes the special purpose drones, spraying and seeding drones, passenger drones, surveying and mapping drones, alongside others like inspection and monitoring drones, amongst others. 


Based on market End-Users


The end-users of the Toy Drones Market are healthcare, social assistance, journalism, media, military, mining, quarrying, O&G, transportation, warehousing, logistics support, arts and entertainment, and much more.


Application


The application segment of the market is inclusive of commercial, military, consumers, government, and law enforcement.


Type


The type of segment of the market includes rotary-wing and fixed-wing.

Regional Analysis


The toy drones market value is likely to be the maximum during the forecast period ending in 2028 in the APAC region. The region is expecting a CAGR growth of 18.5% during the period owing to an increased demand for drones from emerging economies such as India, China, and Japan. China is expecting to lead the drones market in the APAC region especially in 2021. The drone market in India is also likely to project a good growth rate during the forecast period as commercial applications are a lot in use.


Competitive Landscape


The toy drones market outlook helps in predicting the competitive degree that prevails in the market amongst the key market players. These players also have the potential to help the operations grow as per the predictions. The prominent market players are as follows:



  • EHang (China)

  • Lockheed Martin Corporation (US)

  • Parrot (France)

  • AeroVironment, Inc. (US)

  • PrecisionHawk (US)

  • DJI Technology Co., Ltd. (China)

  • Israel Aerospace Industries Ltd. (Israel)

  • Northrop Grumman Corporation (US)


Recent Developments



  • The US Military and Army has rendered out a contract to General Atomics that will help provide continued logistics and assistance in the drone series that have been employed in the US region, as a part of the North American market. The Predator series and the Gray Eagle series have resulted in reasonably elevating the operational time and also gained momentum for an impressive cruising altitude.

  • DJI developed a new DJI Air 2S which is a compact camera drone that promises an effective flight. This development was done in April 2021. Toy Drones Market is not only equipped with state-of-the-art cameras but also has a high-level grade of preprogrammed substances.

  • EHang is another prominent market player that entered into a collaboration with Giancarlo Zema Design Group in March 2021. The aim behind this collaboration is the development of an eco-sustainable vertiport located in Itlay.


Report Overview


The report covers all the major aspects that help in depicting the expected CAGR rate and Toy Drones Market valuation during the forecast period of 2021-2028. The report discusses the potential of the market segments in major global regions. Also, the report helps in conducting a proper analysis of the competitive degree prevailing in the market and discusses the recent developments undertaken by the market players. The report helps the market players have a better understanding of the market functioning and thus, invest as per the study and research conducted.



Speak to Analyst Ask for Customization

Frequently Asked Questions (FAQ) :

Toy drones market is projected to expand at a moderate 17.21% CAGR in the review period.

The recreational photography segment is expected to observe substantial demand over the review period.

The APAC region is expected to secure the highest CAGR.

The quadcopters segment is slated to expand as the fastest-growing segment.

A few eminent market players operating in the global Toy drones market are TRNDlabs (China), Drona Aviation Pvt. Ltd (India), Shenzhen Hubsan Technology Company Limited (China), among others.