Global FPV Drone Market Size (2024 – 2030)

The estimated worth of the Global FPV Drone Market stands at USD 335.62 Million in 2023, with projections indicating an increase to USD 1349.66 Million by 2030. This represents a steady growth rate of 19% during the forecast period from 2024 to 2030.

A significant rise in the demand for immersive, real-time drone experiences, coupled with the increasing popularity of drones, has fueled substantial growth within the FPV (First-Person View) drone market in recent times. FPV drones, equipped with cameras that provide live video feeds to monitors or headsets worn by operators, grant users a first-person view of the drone's flight. Major users of FPV drones can be found within the entertainment and sports sectors, particularly in activities such as racing and aerial photography. Globally, FPV drone racing has emerged as a popular sport, with competitive events held across various nations. As the sport gains traction, many enthusiasts have taken to constructing their own unique FPV racing drones. Moreover, professional photographers and videographers rely on FPV drones to capture stunning aerial footage, showcasing yet another common application for these devices.

However, the industry faces challenges, such as legal constraints and concerns regarding security and privacy. To ensure compliance and user safety, numerous countries have imposed restrictions on the use of FPV drones in public spaces. Of particular concern is the potential misuse of drones for surveillance and data gathering, especially in sensitive areas like military installations or private properties. Nevertheless, the demand for immersive, real-time drone experiences within the entertainment and sports industries, alongside the increasing adoption of drones in diverse business applications, are the key drivers propelling significant growth within the FPV drone market in the forthcoming years.

Global FPV Drone Market Drivers:

Surge in Popularity of FPV Drone Racing

The burgeoning popularity of FPV drone racing stands as a driving force behind the global FPV drone industry. This relatively new sport has witnessed a substantial surge in popularity, particularly among younger demographics. Races involve tiny, lightweight drones navigating courses marked by obstacles such as barriers. The thrill and excitement offered by FPV drone racing are major attractions for enthusiasts. The drone's onboard camera provides pilots with a first-person view, enabling them to experience the rush of swift flight and navigate through confined spaces with remarkable precision. Many sports enthusiasts are drawn to the immersive experience, willing to invest in high-end drones. Additionally, the accessibility of FPV drone racing contributes to its appeal. Unlike traditional motorsports, which require significant investments in facilities and equipment, FPV drone racing can be conducted almost anywhere with a simple course and a few challenges. Consequently, numerous local and regional racing leagues have been established, further promoting the sport and boosting demand for FPV drones.

Increased Adoption of Drones in Commercial Settings

The rising integration of drones across various commercial applications serves as another significant factor propelling the global FPV drone market. Drones find utility in sectors such as oil and gas, mining, agriculture, construction, and more. These unmanned aerial vehicles are employed to accomplish tasks that were previously arduous or unfeasible using conventional methods. Real-time data and insights provided by drones constitute a primary driver behind their growing utilization in commercial settings. Equipped with advanced sensors and cameras, drones capture high-definition imagery and data, beneficial for tasks like asset monitoring and infrastructure inspection. Machine learning algorithms can analyze and process this data to identify patterns and anomalies, thereby enhancing decision-making processes and streamlining operations. Moreover, the ability of drones to enhance safety and reduce costs further contributes to their increasing adoption in commercial applications. Drones are capable of performing hazardous tasks, such as inspecting high-voltage power lines or monitoring the condition of bridges and other infrastructure. Additionally, utilizing drones can prove more cost-effective than traditional methods, particularly in fields like agriculture, where drone-based crop monitoring can optimize yields without relying on manual labor.

Global FPV Drone Market Challenges:

One of the primary challenges confronting the global FPV drone market revolves around regulatory and legal considerations associated with drone usage. Governments worldwide are enacting regulations to address concerns pertaining to safety, security, and privacy, given the rising prominence and widespread use of drones. Navigating the regulatory landscape can prove challenging for both manufacturers and users of FPV drones, owing to the intricate nature and varying regulations across different countries. Furthermore, concerns regarding the potential misuse of drones for malicious purposes have spurred increased surveillance and stricter regulations governing their use in certain regions.

Global FPV Drone Market Opportunities:

Continual advancements in drone technology present significant opportunities for the global FPV drone market. Progress in fields such as artificial intelligence, machine learning, and autonomous navigation has enabled drones to undertake more complex tasks and operate across a broader spectrum of environments. Consequently, the costs associated with drone components have decreased, facilitating the development of high-quality drones at more affordable prices. These technological advancements are poised to evolve further, unlocking new possibilities and applications for FPV drones while expanding the market.

COVID-19 Impact on the Global FPV Drone Market:

The FPV drone industry has experienced adverse effects due to disruptions in global supply networks caused by the COVID-19 pandemic. Severe disruptions to production and distribution have resulted in drone shortages and delivery delays. However, the pandemic has also accelerated the utilization of FPV drones across various industries, particularly those involved in contactless delivery, public area monitoring, and remote inspections. This increased adoption of drone technology in response to the pandemic is expected to drive future growth within the FPV drone market.

Global FPV Drone Market Recent Developments:

• May 2020: SZ DJI Technology Co. Ltd. introduced the Matrice 300RTK, their most advanced commercial drone platform, alongside the Zenmuse H20 Series, their inaugural hybrid camera line. This platform offers a flight time of up to 55 minutes and incorporates six directional sensing and positioning systems, setting new industrial benchmarks for aerial inspection and imaging.
• April 2020: DJI Technology Co. Ltd. unveiled the Mavic Air 2 Drone, featuring enhanced flight performance, 12-megapixel imagery, and 4K video recording at 60 frames per second. Equipped with a Quad Bayer 12" camera, slow-motion capabilities of 4X and 8X at 1080p with 120 or 240 frames per second, and a Geofencing system, the Mavic Air 2 promises to revolutionize the drone industry through deep learning capabilities.

Segmentation Analysis

Global FPV Drone Market Segmentation: By Component Type

• FPV Goggles
• FPV Remote Controllers
• Cameras
• Battery
• Flight Controller
• Airframe
• Motor
• Processors
• Others

In segmenting the worldwide FPV drone market, components such as FPV goggles, FPV remote controllers, cameras, batteries, flight controllers, airframes, motors, processors, and others are considered. In the year 2020, the camera category held the largest share of the global FPV drone market. This growth can be attributed to the increasing popularity of advanced, high-resolution cameras capable of capturing clear and detailed images and videos. The market for flight controllers is also expected to witness significant growth in the coming years, driven by technological advancements enabling the development of more sophisticated and feature-rich controllers. The demand for FPV goggles and remote controllers is on the rise due to the growing popularity of FPV drone racing as a sport. Moreover, the business applications of drones are fueling the demand for high-end cameras, flight controllers, and batteries. Manufacturers are focusing on creating lightweight, durable, and efficient components to enhance the overall performance of FPV drones, thus driving growth in the airframe and motor segments. The processor market is also poised for expansion with the advent of more intelligent and advanced drones enabled by developments in AI and machine learning.

Global FPV Drone Market Segmentation: By Application

• Rotor Cross
• Drag Racing
• Time Trail
• Others

The global FPV drone market, when categorized by application, includes segments such as rotor cross, drag racing, time trial, and other applications. Rotor cross, involving racing FPV drones through obstacle courses, is projected to dominate the global market owing to its increasing popularity. This trend has boosted the demand for high-performance drones and related components. Additionally, advancements in technology leading to faster and more agile drones are expected to drive growth in the drag racing segment. The rising popularity of FPV drone racing as a sport is a key driver for high-performance FPV drones and associated components such as cameras, flight controllers, and batteries. Furthermore, the demand for specialized drones and components tailored for various applications is rising, particularly in sectors like surveillance, inspections, and delivery. As drones find applications in time trials across industries such as agriculture, mining, and construction, the time trial segment is also poised for growth. Overall, technological innovations and advancements are expected to propel the global FPV drone market across all application segments.

Global FPV Drone Market Segmentation: By End-User

• Commercial
• Aerospace & Defense
• Consumer Electronics
• Healthcare
• Others

The FPV drone market, when segmented by end-user, encompasses commercial, aerospace and defense, consumer electronics, healthcare, and other sectors. The commercial sector is expected to hold a significant share of the global FPV drone market, driven by the increasing need for specialized drones and components like cameras, flight controllers, and batteries across industries such as agriculture, construction, and logistics. The aerospace and defense sector is anticipated to witness substantial growth as drones are utilized in military operations such as surveillance and intelligence gathering. Similarly, the consumer electronics market is poised for expansion due to the rising demand for high-performance drones and associated components, fueled by the growing popularity of FPV drone racing and leisure applications. The healthcare sector is also expected to grow as drones find applications in healthcare delivery and related areas. The expanding use of FPV drones across industries and applications is expected to drive further growth across all end-user segments.

Global FPV Drone Market Segmentation: By Region

• North America
• Europe
• Asia Pacific
• Middle East
• Latin America

The global FPV drone market can be segmented regionally into North America, Europe, Asia Pacific, the Middle East, and Latin America. North America is forecasted to hold the largest regional share of the global FPV drone market, attributed to the presence of key players and the increasing adoption of drones in sectors such as transportation, construction, and agriculture. The Asia Pacific region is expected to witness significant growth due to emerging economies and a sizable consumer electronics market. Europe is projected to grow as well, driven by the rising use of drones in industries like agriculture and transportation, along with innovations by key regional players. Moreover, the Middle East and Latin America are expected to see increased drone usage for security, surveillance, and other applications. Overall, consistent growth is anticipated across all regions of the global FPV drone market due to the widespread adoption of drones across various industries and applications.

Global FPV Drone Market Key Players:

1. YINYAN Model Tech MFT
2. Airjugar Technology Co. Ltd.
3. Autel Robotics
4. Eachine
5. Hubsan Immersion RC Ltd.
6. Parrot Drones SAS
7. Rotor X
8. Skyrocket LLC
9. UVify Inc.
10. Yuneec