The drones are known for their commercial and defense applications. Drones are also widely used for recreational activities such as photography, racing sports, wildlife monitoring, among others. The manufacturing of low-cost and lightweight drones have garnered high demand from consumers. The increasing adoption of drones and the rise in drone-related services is expected to create a favorable landscape for the manufacturers during the forecast period.
MARKET DYNAMICS
The toy drones market is anticipated to grow in the forecast period owing to driving factors such as increasing popularity of drone cameras and toys coupled with the availability of low-cost drones. Moreover, increased demand for lightweight drones is expected to propel the growth of the toy drones market. Stringent government regulations may, however, hamper the growth of the toy drones market during the forecast period. Nevertheless, technological innovations are sure to create lucrative growth prospects for the market in the future.
MARKET SCOPE
The "Global Toy Drones Market Analysis to 2028" is a specialized and in-depth study of the technology, media and telecommunications industry with a special focus on the global market trend analysis. The report aims to provide an overview of toy drones market with detailed market segmentation by application, sales channel, and geography. The global toy drones market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading toy drones market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global toy drones market is segmented on the basis of application and sales channel. Based on application, the market is segmented as drone racing and sports, recreational photography and videography, and others. On the basis of the sales channel, the market is segmented as direct channel and distribution channel.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global toy drones market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The toy drones market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting toy drones market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the toy drones market in these regions.
MARKET PLAYERS
The reports cover key developments in the toy drones market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from toy drones market are anticipated to lucrative growth opportunities in the future with the rising demand for toy drones in the global market. Below mentioned is the list of few companies engaged in the toy drones market.
The report also includes the profiles of key toy drones companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years
- DJI
- Drona Aviation Pvt Ltd
- Extreme Fliers
- JIANJIAN TECHNOLOGY CO.,LTD
- Parrot Drones SAS
- Shenzhen Hubsan Technology Co., Ltd.
- Skyrocket LLC
- Syma
- TRNDlabs (Betafresh Hong Kong Limited)
- UDIRC TECHNOLOGY CO., LTD
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.