Smartphone Controlled Drone Market To Boost at ~18% CAGR: Rapid Boost in Economy due to High Emerging Demands

Smartphone Controlled Drone Market Research Report 2018: Industry Size, Share, Trends, Growth and Opportunity Assessment, Regional Analysis and Segmentation By Component (Airframe, Controller &Navigation System, Propulsion System, Others), Application (Commercial, Personal), Range (Less than 150 meters, More than 150 meters), & Region - Forecast 2023

Pune , India - November 14, 2018 /MarketersMedia/ —

Smartphone Controlled Drone Market Synopsis

As per Market Research Future (MRFR)’s new analysis, the global smartphone controlled drone market is set to thrive at a remarkable CAGR of 18% during the forecast period 2018 to 2023. The application of drones has expanded from military to commercial and personal usage over the years. With the regular addition of technologically upgraded drones to the existing portfolios, the smartphone controlled drone market is expected to augment over the assessment period.

Smartphone controlled drones are user-friendly compared to the conventional drones. This feature is poised to catalyze the growth of the market in the foreseeable future. Additionally, investments are likely to flow towards the market in the forthcoming years, expediting the proliferation of the smartphone controlled drone market.

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Durability, reduction in size, etc. are the key areas of focus for the market participants. The boom witnessed in the start-up culture across the world is also projected to have a favorable influence on the expansion of the smartphone controlled drone market during the projection period. Nevertheless, shorter per-battery flight duration and operating difficulties in poor weather conditions remain impediments to the market growth.

Competitive Dashboard:

Some of the key players profiled in this report are:

• DJI (China)
• CONTIXO (U.S.)
• 3DR (U.S.)
• Parrot Drones SAS (France)
• Kidcia (China)
• GoPro Inc. (U.S.)
• DBPOWER (China)
• Guangdong Cheerson Hobby Technology Company Limited (China)
• Draganfly Innovations Inc. (Canada)

Recent Industry News:

In February 2018, California based startup, Skydio introduced AI-powered autonomous R1 drone which can be managed via Skydio’s mobile application.

In October 2018, Teal, a leading manufacturer of drones, has launched its flagship drone, Teal One, which can be controlled from smartphones using an app called Teal Flight.

In October 2018, Skydio, a startup based out of California, hs upgraded its R1 drone which can be now be managed using an Apple smartwatch.

In October 2018, Gladius Advanced Pro., a leader in drone production, has unveiled new lighter, smaller, and cheaper underwater drone, Gladius Mini, which can be controlled b both Android and Ios smartphones.

Market Segmentation:

By components, the smartphone controlled drone market has been segmented into airframe, controller & navigation system, propulsion system, and others.

By application, the global smartphone controlled drone market has been segmented into commercial and personal.

By range, the smartphone controlled drone market has been segmented into less than 15 meters and more than 150 meters.

Regional Insights:

The smartphone controlled drone market, by region, has been segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. North America is currently holding a dominant share of the global market and is expected to retain its prominence in the upcoming years. Led by the U.S., the region is also a pioneer in technological advancements. The massive demand for the drone in the U.S. is witnessed due to its extensive used for surveillance purposes. Canada is another crucial country-level smartphone controlled drone market and is estimated to accrue considerable amount of revenue over the assessment period.

Europe accounts for a substantial share of the market owing to the consolidation of key players in the region. The significant country-level markets of the region are the U.K., France, and Germany. Meanwhile, Asia Pacific is expected to register the highest CAGR during the review period. The factors that are contributing towards the growth of the smartphone controlled drone market include developments in technology, rising demand for consumer electronics, etc. Furthermore, the large-scale penetration of smartphone is another major factor which is projected to catapult the smartphone controlled drone market on an upward trajectory for the next couple of years. The key players are poised to capture a significant share of the regional market with evolving cost-effective technologies for manufacturing drones.

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Table of Contents

1 Executive Summary

2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure

3 Market Research Methodology
3.1 Research Type
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model

4 Market Landscape
4.1 Supply Chain Analysis
4.1.1 Raw Material Suppliers
4.1.2 Manufacturers/producers
4.1.3 Distributors
4.1.4 End-users
4.2 Porter’s Five Forces Analysis
4.2.1 Threat of New Entrants
4.2.2 Bargaining Power of Buyers
4.2.3 Bargaining Power of Suppliers
4.2.4 Threat of Substitutes
4.2.5 Intensity of Competitive Rivalry

Continued........

List of Tables

Table 1 Smartphone Controlled Drone Market, by Region, 2018–2023
Table 2 North America: Smartphone Controlled Drone Market, by Country, 2018–2023
Table 3 Europe: Smartphone Controlled Drone Market, by Country, 2018–2023
Table 4 Asia-pacific: Smartphone Controlled Drone Market, by Country, 2018–2023
Table 5 Middle East & Africa: Smartphone Controlled Drone Market, by Country, 2018–2023
Table 6 Latin America: Smartphone Controlled Drone Market, by Country, 2018–2023
Table 7 Smartphone Controlled Drone Component Market, by Region, 2018–2023
Table 8 North America: Smartphone Controlled Drone Component Market, by Country, 2018–2023

Continued.......

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