[pdf] Drone Phones Market Is Witnessing Robust Growth With Growing Number of Smartphone Users and Continuous R&d Activities

United States/WA: Market Will Boom In Near Future

Report Pages:[130 Pages]

Major companies involved in the Global Drone Phones Market are 3DR, Guangdong Cheerson Hobby Technology Company Limited, CONTIXO, Parrot Drones SAS, DBPOWER, DJI, Draganfly Innovations Inc., Kidcia, and GoPro, Inc.

 Market Overview

Drones are mini wireless devices that can be used by consumers virtually anywhere. Reduced cost and easy availability of service through the airways is anticipated to fuel high demand for drone phones over the coming year. As of today, the overall cost of the currently available drones is less than US$ 300. This affordable price puts them right in the reach of everyone in need of a smartphone. Soon enough, the demand for such a device will surpass even the largest telecommunication companies in the world.

Market Dynamics

The availability of low-cost drones is expected to drive growth of the global drone phones market during the forecast period. Drone phones or smartphone-controlled drones are available at very competitive prices and hence, they are affordable to common civilians for various applications including aerial photography, video recording, and recreational activities. Generally, these drones are available at around US$ 300 and below and can be utilized with smartphones. Besides, these drones are available in different sizes, weight with lightweight fiber material, and attractive aesthetic features. Hence, such factors are expected to drive growth of the global drone phones market during the forecast period.

However, stringent government regulations pertaining to the use of drones in certain regions are expected to restrain growth of the global drone phones market during the forecast period.

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COVID-19 Impact Analysis

The Drone phones market witnessed a significant impact, both positive and negative, during the COVID-19 pandemic. Due to stringent regulations on physical distancing and lockdowns, drones have been used for various purposes including food & medicine delivery, public space monitoring, aerial spraying, and enforcement of rules. As a result of this, the demand for drones has increased significantly in the recent past. Besides, law enforcement agencies such as local police and municipal authorities are using drones to monitor the regulations in the cities.

Key Takeaways

The global drone phones market is expected to witness growth, registering a CAGR of XX% during the forecast period, owing to growing R&D activities by established players in the market.

Among regions, North America is expected to witness significant growth in the global drone phones market during the forecast period, owing to increasing number of smartphone users in the U.S. As per the Pew Research Center, in 2019, around 81% of people in the U.S. had smartphones, increasing from 68% in 2015. According to the same source, tablet users in the U.S. increased from 34% in 2013 to 52% in 2019.

Asia Pacific is expected to register a robust growth rate, owing to rapid technological advancements in drones as well as smartphones.

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