Consumer Drones Sales to Reach Almost 4 Million This Year, 16 Million by 2020
A new study from Juniper Research released today revealed the path forward for the consumer drone industry, and it appears to be a bright one. Reduced component costs combined with increased competition from other drone manufacturers and a greater number of use cases for consumers will push the per-year global drone shipments up to more than 20 million per year in the next few years—a drastic increase over the roughly 4 million drones that will be shipped this year.
Juniper’s study found that already the usage of drones has extended beyond the core base of hobbyists, which was spurred by the drop in retail price and the increased functionality of the devices. Further, and perhaps most important to the success of the consumer drone industry, is the fact that the unmanned aerial vehicles are increasingly offering the capability to live stream videos and take impressive photos.
Another potential boon to the industry, Juniper said, is the forthcoming proliferation of augmented reality technology in UAVs, which will open up opportunities for innovation with applications for both the consumer and commercial segments.