Global COVID-19 Impact on Smartphone Controlled Drone Market is estimated to witness the highest CAGR of around 18% from 2020 to 2025 (forecast period). The study offers a summary of the current scenario, the economic condition, and COVID-19 analysis on the overall industry.
Drone technology is continually evolving, with manufacturers attempting to bring more advanced drones to the market every few months. Older drones were primarily used for military purposes, whereas nowadays they are operated with the aid of a smartphone and used for commercial and personal purposes. To fly drones using a smartphone, the procedure is to download and sync the Android mobile phone app with the drone. These apps are easily accessible for both Android phones and iOS users, which make this drone popular.
Smartphone-controlled drone market has expanded significantly over the last few years. With the ongoing advancement of drone technology, manufacturers introduce more advanced drones to the market every few months. Earlier drones were mainly used for military purposes; however, they are now being used for commercial and personal purposes. Currently, the use of smartphone-operated drones has increased significantly as a smartphone can easily control drones.
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The main benefit of smartphone-controlled drones over other drones is that they are incredibly easy to use. They have an HD camera that streams video to the user’s phone and is cheaper than other drones. The constraints on this business are the limited flight time per battery and the challenge of operating under bad weather conditions.
The major participants in the Global COVID-19 Impact on Smartphone Controlled Drone Market are CONTIXO (US), 3DR (US), DBPOWER (China), DJI (China), GoPro, Inc. (US), Kidcia (China), Guangdong Cheerson Hobby Technology Company Limited (China), Draganﬂy Innovations Inc. (Canada), and Parrot Drones SAS (France).
Global COVID-19 Impact on Smartphone Controlled Drone Market for has been segmented into component, application, range, and region.
Based on components, the global COVID-19 Impact on Smartphone Controlled Drone Market has been segmented into airframe, controller & navigation system, propulsion system, and others. The Controller & Navigation System segment is expected to report the highest CAGR during the forecast period. This is primarily due to the increasing production of the smartphone-controlled drone controller and navigation system by major manufacturers worldwide.
Based on the application, the global market has been divided into commercial and personal. The personal segment is expected to reach the highest CAGR in the forecast period. This is attributable to the growing usage of drones for personal use.
Based on range, the global COVID-19 Impact on Smartphone Controlled Drone Market has been bifurcated into less than 150 meters and more than 150 meters. The segment of less than 150 meters is expected to show the highest CAGR during the forecast period. This is due to the rising demand for short-range smartphone-controlled drones in recent years.
Based on the region, the global COVID-19 Impact on Smartphone Controlled Drone Market has been segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North America is predicted to dominate the market in the forecast period. The North American market consists of the United States and Canada. North America dominated the market for smartphone-controlled drones in 2020 due to the growing use of drones. The area is leading the global market in terms of technical advances, purchasing power and has a wide variety of drone applications, such as recreation photography & video and racing & sports drones.
Europe represented the second largest market share in 2020. Increased joint ventures and partnerships and rapid technological advancements are primary drivers for the market in this region.
The Asia Pacific was a leading market for smartphone-controlled drones in 2020. The availability of low-cost drones in the region is a primary driver of market growth. In China, many smartphone-controlled drone manufacturers are minimizing drone weight using lightweight fiber materials, concentrating on the aesthetic features and ergonomics of drones, and developing user-friendly drones.
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