Consumer Drone Industry Insights: Market Scope, Trends, and Strategic Opportunities

 

The global Consumer Drone Market size is projected to be valued at USD 11.56 billion by 2030, with an estimated CAGR of 13.3% from 2023 to 2030, according to the latest report by Grand View Research, Inc. The market is expected to expand significantly due to its widespread commercial and leisure applications. Companies are using drone-acquired data to speed up service delivery in their business operations. Evolution in in-flight controls and technology, as well as advancements in portable video and camera technology, have increased demand for consumer drones such as tiltrotors, multi-copters, and helicopters. The development of cutting-edge technology that makes drones safer, such as geo-fencing and collision avoidance, has led to a rise in the use of consumer drones.

New developments in the manufacturing of consumer drones have raised the demand for the product. The latest drone model specifications include a higher range, faster speeds, navigation systems that can be connected to the user's phone, and efficient, safe, and effective control systems. Consumer drones are provided with all the components for the best control systems and power efficiency by motor drivers, angle, position, charger sensors, chargers, and regulators. These properties of consumer drone parts are superior in performance and consume little power, positively influencing consumer purchasing decisions.

The increasing popularity of drone racing and drone photography competitions, as well as other initiatives that promote drone flying as leisure, is also attributed to the market's expansion. Additionally, the administrative authority which allows drones to fly for non-commercial purposes in specific locations also promotes the expansion of the consumer drone market. Consumer drone sales are expected to increase in regions like North America and Europe due to the DIY developer drone, which includes customized drone fabrication. In the upcoming years, factors including the growing number of startup companies entering the UAV market in developing nations like China are anticipated to fuel regional market expansion.

List of Key Players in the Consumer Drone Market

• 3D Robotics, Inc. (Kitty Hawk)
• SZ DJI Technology Co., Ltd.
• Eachine
• Guangdong Cheerson Hobby Technology Co., Ltd.
• Guangdong Syma Model Aircraft Industrial Co., Ltd (Syma)
• Guangzhou Walkera Technology Co., Ltd. (Walker)
• Yuneec International Co., Ltd.
• SkyTech Drone Sp. z o. o
• Horizon Hobby, LLC
• Parrot Drone SAS
• Shantou Chenghai Weili Toys Industrial Co., Ltd. (WL Toys)
• JIANJIAN TECHNOLOGY CO., LTD.
• Hubsan

Related Press Release@ Consumer Drone Market Report

Consumer Drone Market Report Highlights

• Based on product, the multi-rotor segment accounted for the majority market share of over 69% in 2022. Multi-rotor drones are being utilized more frequently in photography and racing. The main aspects of the rising popularity of multi-rotor drones are their capacity to operate in challenging environments and the development and integration of several cutting-edge applications in these types of drones.
• Based on application, the prosumer segment is expected to witness the highest CAGR of 14.6%, owing to their increased application in gaming enthusiasts to accept drones as their newfound source of entertainment
• Asia Pacific accounted for over 31% of the overall industry share in 2022 and is expected to emerge as a predominant region over the forecast period. Increasing investment by Japan and China in producing multi-functional drones for various applications is expected to drive regional industry growth over the forecast period

Consumer Drone Market Report Scope 

Report Attribute	Details
Market size value in 2023	USD 4,833.6 million
Revenue forecast in 2030	USD 11.56 billion
Growth rate	CAGR of 13.3% from 2023 to 2030
Base year for estimation	2022
Historical data	2018 - 2021
Forecast period	2023 - 2030

 

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Consumer Drone Market Segmentation

Grand View Research has segmented the global consumer drone market report based on product, application, and region:

Consumer Drone Product Outlook (Volume, Thousand Units, Revenue, USD Million, 2018 - 2030)

• Multi-rotor
• Nano
• Others (Fixed-wing, Hybrid)

Consumer Drone Application Outlook (Volume, Thousand Units, Revenue, USD Million, 2018 - 2030)

• Prosumer
• Toy/Hobbyist
• Photogrammetry

Consumer Drone Regional Outlook (Volume, Thousand Units, Revenue, USD Million, 2018 - 2030)

• North America
• U.S.
• Canada
• Europe
• Germany
• U.K.
• France
• Italy
• Spain
• Asia Pacific
• China
• Japan
• India
• Australia
• Latin America
• Brazil
• Middle East & Africa

About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com

The Rise of Vertical Farming: A Growing Trend in Agriculture

Vertical farming is effective in ensuring stability in crop production and maintaining reliability even in adverse climatic conditions. It provides multiple benefits over the traditional farming technique, such as less use of water, the lesser need for agrochemicals, and low dependence on agricultural labor. Vertical farming makes use of metal reflectors and artificial lighting to maximize natural sunlight.

The vertical farming market is witnessing significant advancements, marked by the adoption of innovative technologies, including sensors and cameras, to increase yields and enhance resource efficiency. Vertical farming efficiently addresses the challenges of limited space and environmental constraints. It offers a reliable solution by ensuring stable crop production, even during unfavorable weather conditions. Compared to traditional farming methods, vertical farming provides numerous advantages, including reduced water usage, decreased reliance on agrochemicals, and decreased dependency on agricultural labor. As a result, vertical farming is emerging as a promising alternative to meet the growing needs of urban populations.

List of Key Players of Vertical Farming Market

·         AeroFarms (U.S.)

·         Illumitex, Inc. (U.S.)

·         American Hydroponics (U.S.)

·         Agrilution GmbH

·         Brightfarms Inc.

·         Everlight Electronics Co., Ltd.

·         Freight Farms

·         GrowUp Urban Farms Ltd.

·         Green Sense Farms, LLC

·         Vertical Farm Systems

Related Press Release@ https://www.grandviewresearch.com/press-release/global-vertical-farming-market

Vertical Farming Market Report Highlights

• The escalating production of biopharmaceutical products is anticipated to drive the market
• The shipping container segment accounted for the largest market share in 2022. Shipping container-based farming uses less water than traditional farming with drip irrigation. Shipping containers can be easily stacked, modified, recycled, and refurbished at a lower cost. Additionally, the excess availability of unused shipping containers across the region will likely influence segment growth over the forecast period
• The hardware segment accounted the largest market share in 2022. The hardware plays a significant role in maintaining the environment of the indoor farms. The segment is further categorized into climate control systems, lighting systems, sensors, and irrigation systems, which enables the cultivation of indoor-grown crops
• The fruits vegetables, & herbs segment is also expected to have considerable growth over the forecast period. The increasing cultivation of commonly grown fruits and vegetables in greenhouses is driving the segment growth. Crops grown in vertical farming provide maximum profit to companies involved in their cultivation
• Based on offering, the climate control segment is expected to witness high growth over the forecast period as the growth of crops can be controlled by monitoring and adjusting the concentrations of minerals
• By growing mechanism, the aeroponics segment is expected to observe considerable growth over the forecast period as the aeroponics facilitate fast growth in plants (under normal conditions)
• The North American regional market is expected to witness significant growth over the forecast period owing to the expansion of small-scale, commercial vertical farms

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Vertical Farming Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 6.92 billion
Revenue forecast in 2030	USD 24.95 billion
Growth rate	CAGR of 20.1% from 2023 to 2030
Actual Data	2017 - 2023
Forecast period	2024 - 2030

 

Top Trends in the Future of Food:

·         AI & automation: Automated systems and robots are taking over repetitive tasks, including harvesting, planting, and monitoring plant health. This helps in increasing efficiency and reducing labor costs. Advanced data analytics and sensors enable real-time monitoring of humidity, temperature, and nutrient levels, thereby ensuring optimal plant health.

·         Integration with Renewables: Vertical farms strive to power their operations with renewable sources of energy, including solar and wind power. The integration with such renewable sources will help reduce the carbon footprint of the farms and align them with a greener food system.

·         Resource use Optimization: Advancements in aeroponics and hydroponics help minimize water consumption to a significant extent, compared to traditional methods. In addition, closed-loop systems are being formulated to capture and reuse water and essential nutrients.

·         Beyond Greens: While leafy greens are the most common vertically grown crops, research is underway to cultivate herbs, fruits, and a few flowering plants using a vertical farming approach.

Recent Developments

·        In March 2023, BrightFarms, a pioneer in the indoor farming industry, is growing by establishing four additional regional greenhouse centers that introduce sustainably farmed leafy greens to a broader audience in the Eastern and Central United States. The newly built greenhouse centers are expected to meet the rising demand for organic food and initiate distribution to retailers by 2024. With this expansion, the company is expecting 10x revenue growth by 2024.

·        In February 2023, AeroFarms and Public Investment Fund (PIF), a wealth funding body of Saudi Arabia, announced a joint venture to establish indoor vertical farms in the Middle East and Saudi Arabia.

About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com

MEA 8X8 Armored Vehicle Market Size Worth $1.09 Billion By 2025

The MEA 8x8 Armored Vehicle Market size is expected to reach USD 1.09 billion by 2025, according to a new study conducted by Grand View Research, Inc. It is anticipated to expand at a CAGR of 5.8% over the forecast period. Increasing national defense budgets coupled with the growing multilateral collaborations such as the one between the African Union and the North Atlantic Treaty Organization (NATO), to maintain peace and to counter terrorism is expected to drive the growth.

Armed forces in the MEA region are preparing aggressively to be able to counter all sorts of threats and respond efficiently to emergencies arising from insurgencies and militant attacks in view of the growing terrorist activities. They are opting for the latest military equipment, including armored fighting vehicles and infantry fighting vehicles. This factor is anticipated to bode swell for the growth of the Middle East and Africa 8x8armored vehicle market in the region.

Homeland security departments in Middle East and Africa are equally seeking 8x8 armored vehicles in view of the growing communal riots and organized crimes within the region. The demand for armored vehicles from law enforcement agencies is increasing as a result thereby driving growth of the MEA 8x8 armored vehicle market.

Advances in technology have resulted in the development of innovative 8x8 armored vehicles. For instance, electronic sensors are helping the occupants of armored vehicles detect the location of allies as well as enemies within a specified range. Similarly, robust touchscreen displays are allowing drivers of armored vehicles to communicate via emails and navigate accurately using a compass. At the same time, the leading market players are investing aggressively in R&D to develop lighter armored vehicles with improved mobility without compromising on the strength.

Related Press Release@ MEA 8X8 Armored Vehicle Market

MEA 8X8 Armored Vehicle Market Report Highlights

• Main Battle Tanks (MBT) segment is expected to emerge as the fastest-growing product segment over the next six years, registering the highest CAGR of about 6.2%. Increasing preference by armed forces owing to the strength as well as the high level of protection offered by MBTs is anticipated to fuel the growth
• Law enforcement agencies remain keen on countering the growing organized crimes in various cities within MEA. At the same time, embassies are emphasizing on protecting the foreign delegates. This is compelling the homeland security departments to procure 8x8 armored vehicles
• Saudi Arabia is expected to continue leading over the forecast period and reach USD 344.2 million by 2025. The Saudi Arabian government is aggressively purchasing 8X8 armored vehicle systems to strengthen the national defense and to equip the armed forces to face any sorts of insurgencies originating in the future.
• The key participants in the MEA 8X8 armored vehicles market include BAE Systems; General Dynamics Corporation; Iveco; Lockheed Martin Corporation; Oshkosh Defense LLC; and STAT Inc., among others

MEA 8X8 Armored Vehicle Market Segmentation

Grand View Research has segmented the MEA 8X8 armored vehicle market on the basis of product, application, and region:

MEA 8X8 Armored Vehicle Product Outlook (Revenue, USD Million, 2014 - 2025)

• Armored Personnel Carrier (APC)
• Infantry Fighting Vehicle (IFV)
• Light Protected Vehicle (LPV)
• Main Battle Tank (MBT)
• Mine-Resistant Ambush Protected (MRAP) Vehicle
• Tactical Vehicle
• Others

MEA 8X8 Armored Vehicle Application Outlook (Revenue, USD Million, 2014 - 2025)

• Defense
• Homeland Security
• Commercial

MEA 8X8 Armored Vehicle Regional Outlook (Revenue, USD Million, 2014 - 2025)

• Saudi Arabia
• UAE
• Libya
• Yemen
• Africa

 About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com

C4ISR Market To Reach $166.75 Billion By 2030 | CAGR 3.7%

 

The global C4ISR Market size is expected to reach USD 166.75 billion by 2030 and is projected to grow at a CAGR of 3.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. C4ISR encompasses a suite of systems known as Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance systems, predominantly deployed in the defense and military domains. The C4ISR framework incorporates diverse methods and technologies for information collection and dissemination, such as land-based radars, binoculars, and communication satellites. Subsequently, the collected data undergoes processing, analysis, and utilization, contributing to precise targeting and geo-positioning. Notably, electronic warfare systems play a crucial role in executing computerized attacks, managing defense missions, and navigating hostile conditions.

Key factors driving the industry growth include growing terrorist activities worldwide, increased government investments in R&D, rising utilization of geospatial intelligence, and the adoption of C4ISR by border protection agencies. In addition, the rising demand for next-generation IP systems and the development of secure networks to counter cyberattacks are expected to create significant opportunities for market growth. Despite these positive factors, constraints, such as limited defense budgets and system availability in certain countries, hinder the overall industry growth. The COVID-19 pandemic significantly influenced the market, introducing a complex set of challenges and opportunities. The immediate impact was observed in disrupted supply chains, delays in project timelines, and a temporary slowdown in procurement processes. However, the pandemic accelerated certain technological trends.

With the increased reliance on remote operations, there was an increased focus on enhancing communication and data-sharing capabilities within C4ISR systems. The demand for secure and resilient communication networks surged as defense organizations adapted to remote work environments. In addition, the pandemic underscored the importance of unmanned systems in minimizing human exposure to potential threats, leading to high investments in UAVs (Unmanned Aerial Vehicles) and UGVs (Unmanned Ground Vehicles). Cybersecurity gained renewed emphasis as the frequency of cyber threats escalated, prompting defense entities to fortify C4ISR systems against potential vulnerabilities. The global nature of the crisis also stimulated international collaboration in the development and deployment of C4ISR technologies, fostering partnerships among nations to address common security challenges.

List of Key Players of C4ISR Market

• BAE Systems, Inc.
• CACI International Inc.
• Elbit Systems Ltd.
• General Dynamics
• Kratos Defense & Security Solutions, Inc.
• L3Harris Technologies, Inc.
• Leonardo S.p.A.
• Lockheed Martin Corporation
• Northrop Grumman
• Rheinmetall AG
• RTX Corporation (Raytheon Technologies Corporation)
• Saab AB
• Thales

Related Press Release@ C4ISR Market Report

C4ISR Market Report Highlights

• The hardware segment accounted for the largest revenue share in the market. Governments and defense agencies globally prioritize investments in robust hardware infrastructure to enhance command, control, and surveillance capabilities
• The command & control segment is expected to grow at the highest CAGR over the forecast period. The increasing integration of cutting-edge technologies, such as AI and real-time data analytics, into command and control systems is expected to drive the segment growth, reinforcing its pivotal role in modern defense strategies
• The naval segment accounted for a significant revenue share in 2023. The growth is attributed to the heavy investment by naval forces in advanced C4ISR systems to combat the increasing global maritime challenges
• The commercial segment is expected to grow at a significant rate. This trend underscores a growing market diversification beyond traditional military applications, with sectors, such as critical infrastructure protection, transportation, and energy embracing C4ISR technologies, to enhance overall safety and resilience in the face of evolving threats
• The retrofit segment is expected to grow at the highest CAGR from 2024 to 2030, as governments and defense organizations worldwide are increasingly investing in retrofitting C4ISR systems to integrate advanced features, improve interoperability, and extend the lifespan of their existing infrastructure
• Asia Pacific is expected to grow at the highest CAGR from 2024 to 2030. This growth is due to several factors including the rising geopolitical tensions, increasing defense budgets, and a growing focus on modernizing military capabilities across nations in the region

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C4ISR Market Segmentation

Grand View Research has segmented the global C4ISR market based on component, application, end-use, vertical, type, and region:

C4ISR Component Outlook (Revenue, USD Billion, 2018 - 2030)

• Hardware
• Software
• Services

C4ISR Application Outlook (Revenue, USD Billion, 2018 - 2030)

• Command & Control
• Communications
• Computers
• Intelligence, Surveillance and Reconnaissance (ISR)
• Electronic Warfare

C4ISR End-use Outlook (Revenue, USD Billion, 2018 - 2030)

• Ground
• Naval
• Air
• Space

C4ISR Vertical Outlook (Revenue, USD Billion, 2018 - 2030)

• Defense & Military
• Government
• Commercial

C4ISR Type Outlook (Revenue, USD Billion, 2018 - 2030)

• New Installation
• Retrofit

C4ISR Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America
• U.S.
• Canada
• Europe
• Germany
• UK
• France
• Italy
• Spain
• Russia
• Asia Pacific
• China
• Japan
• India
• South Korea
• Australia
• Latin America
• Brazil
• Mexico
• Middle East & Africa (MEA)
• Saudi Arabia (KSA)
• UAE
• South Africa

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